FPCCI former president and BMP Chairman Mian Anjum Nisar has said that the number is likely to drop further amid debt repayment obligations of more than USD 8 billion in the first quarter of 2023.
A group of ministers and senior officials of the Yogi Government on Sunday reached Chennai on a three-day visit to invite entrepreneurs to invest in Uttar Pradesh and contribute towards making it a $ 1 trillion economy.
China and Hong Kong resumed regular passenger traffic on Sunday, ending almost three years of self-imposed Covid-19-related restrictions, even as the second largest economy faces a huge spike in Covid cases.
UP Chief Minister Yogi Adityanath, who has received the title of 'Infrastructure Man' from Union minister Piyush Goyal, is determined to make the state of Uttar Pradesh a trillion-dollar economy and is working in this direction with missionary zeal, a press release from the chief minister's
The Chief Minister stated, "For investment, we've good infrastructure, ample land, water, 24x7 power and skilled manpower. Our policies are investors friendly. PM said to make India a USD 5 trillion economy and for that MP will become a USD 550 billion economy."
Capital goods companies are expected to benefit from the transition to newer sources of energy and subsequent decarbonization of the economy, besides a pick up in exports and public/private spending.
According to sources, the development left Pakistan with an import cover of only under a month, as the country grapples with a deteriorating economic crisis while trying to bring down imports amid a dollar shortage.
"India has been evolving. A lot of structural changes that took place in the last eight years have had a significant impact on the way the Indian economy is poised to take off in the next 25 years," Union Minister Piyush Goyal said.
As a major step towards the development of the rural economy, the Jammu and Kashmir administration has decided to 'geographically identify' the important products grown in the Waknaf area of the Union Territory.