The UAE’s real GDP growth accelerated during 2022 due to a robust recovery in non-oil GDP and a sizable expansion of oil GDP, according to the Financial Stability Report for 2022 released today by the Central Bank of the UAE (CBUAE)
The global economy has begun to improve, but the recovery will be weak, according to the OECD's latest Economic Outlook. The Economic Outlook projects a moderation of global GDP growth from 3.3 per cent in 2022 to 2.7 per cent in 2023, followed by a pick-up to 2.9 per cent in 2024.
This can be attributed to the steady growth of the local economy and economic diversification policies despite challenges facing the global economy, according to Ajman Statistics Centre's (ASC) annual report.
The Indian economy has carried the momentum from the past year into the current fiscal year and there has been no evidence by far that suggests a slowdown in the current financial year 2023-24, said the Department of Economic Affairs under Ministry of Finance in its monthly review report.
Under this, there will be an increase in tax once a year. Its rate will be fixed based on the 5-year average of the state's GDP. The rate of increase will be decided separately every year under this formula. This time the average was low due to the years of the Corona period. That's why the
Department for Promotion of Industry and Internal Trade (DPIIT) successfully organized the National Workshop on Industrial Park Rating System (IPRS) on Saturday in New Delhi, said an official statement.
Speaking on the occasion, Assam Chief Minister Dr Himanta Biswa Sarma said that with the help of the understanding with Pahle India Foundation, the district administration across the state will find more avenues in identifying new areas of revenue at the district level which can improve the
Indian stock indices - Sensex and Nifty - yet again touched their all-time highs Wednesday, with experts attributing it to strong economic parameters including a firm GDP outlook, moderate inflation and strong purchases by foreign investors.
India's current account deficit narrowed sharply in the January-March 2023 quarter, RBI data showed on Tuesday, attributable to a moderation in the trade deficit and robust services exports.
Talking to ANI, Vallabh said, "Why do we need him (PM Modi)? Poverty has increased, unemployment has increased, and Gross Domestic Product (GDP) has weakened. What has he done in the past nine years?"
The UAE's GDP in 2022 at constant prices totalled AED1.62 trillion, achieving a positive growth of 7.9 per cent, while totalling AED1.86 trillion at current prices, an increase of more than AED337 billion compared to 2021, achieving a growth of 22.1 per cent.
Fitch Ratings has raised the global growth forecast for 2023 to 2.4 per cent from its March estimate of 2.0 and noted that economic activity the world over is holding up better than as was expected.