"We believe that it (fiscal deficit) should be achievable as the government's assumption of 10.5 per cent nominal GDP growth in 2024-25 is modestly below our current forecast. We think the government should also be able to achieve its goal of reducing the deficit below 4.5 per cent of GDP in
"This budget is status quo for health concerns, with only two silver linings: customs duty exemptions on diagnostics and cancer drugs. The economy has moved from USD 3.4 trillion to USD 4 trillion," said Dr Asokan.
Mumbai (Maharashtra) [India], July 24: The Digital Personal Data Protection Act was passed in 2023, in a bid to protect Indian citizens from misuse of their personal data. In light of DPDPA, operating without privacy governance controls is not just a reputational and commercial risk but also
The central government kept the capital expenditure outlay at Rs 11.11 lakh crore for 2024-25, as was announced by Union Finance Minister Nirmala Sitharaman in her interim Budget, ahead of the General elections.
Presenting the Union Budget for 2024-25, Union Finance Minister Nirmala Sitharaman on Tuesday pegged the fiscal deficit target at 4.9 per cent of gross domestic product (GDP)
"... Last year our GDP growth rate was around 6.5%, and this time as well, the economic survey suggests around 7% growth rate... In the coming time, our GDP growth rate will become even better...," Pitti said speaking to ANI on Monday.
ASSOCHAM noted that while a robust industrial growth of 9.5 per cent is to be applauded, manufacturing is supported by both domestic and global investors and demand can lead to a consistent increase of its share in the country's GDP.
The Economic Survey tabled in Parliament conservatively projects India's real GDP growth of 6.5-7 per cent, cognizant of the fact that market expectations are on the higher side.
The fiscal deficit of the government is expected to drop to 4.5 per cent of GDP or lower by the financial year 2026, the Economic survey outlined which was tabled in parliament on Monday.
According to a press release by the Ministry of Finance, the Survey indicates that the latest National Health Accounts (NHA) estimates for FY20 reveal an increase in both the share of Government Health Expenditure (GHE) in the total GDP and the share of GHE in Total Health Expenditure (THE).
The Survey projects achievable GDP growth for FY25, driven by robust macroeconomic management and a supportive policy environment emphasizing capital expenditure and inflation control.
The services export post-pandemic times have maintained a steady momentum and accounted for 44 per cent of India's total exports in FY24 the survey notes. India ranked fifth in services exports, with other countries being the European Union (excluding intra-EU trade), the United States, the