Growth in Asia and the Pacific outperformed expectations in late 2023, reaching 5.0 percent for the year. Inflation has continued to decline, albeit at varying speeds: some economies are still seeing sustained
India is likely to become the world
Good news for Bihar on the economic front. According to the Economic Survey 2010-11, tabled in the Legislative Assembly on Wednesday, the state
Affirming the
While the central government is expected to comfortably improve on its fiscal deficit target of 5.5 per cent of gross domestic product (GDP) during 2010-11 due to higher proceeds from the sale of spectrum as well as higher expected GDP numbers, the World Bank has its own doubts.
The Chairman of the Economic Advisory Council to the Prime Minister pitches for stimulus withdrawal. NEW DELHI: Even as global recovery continues to be slow and fragile, the Prime Minister's Economic Advisory Council (PMEAC) on Monday projected the Indian economy to grow by 8.6 per cent this fiscal and inch closer to the pre-crisis level with a bounce-back to 9 per cent in 2011-12 owing to strong
Once synonymous with economic prosperity, Punjab is now languishing at the bottom in terms of economic growth. While an extreme fund crunch has meant insufficient spending on infrastructure creation, the drying up of investment by private companies has landed the state a double blow.
NEW DELHI: Environment and Forests Minister Jairam Ramesh on Thursday questioned the 9 per cent growth prediction, saying that if the impact on ecology is taken into consideration, the growth would have been only around 6 per cent. He said from 2015 onwards, the impact of ecology would be part of the calculations to judge the economic growth and the real GDP growth in terms of accounting for ec
A Budget that works for agriculture would be one that enhances investment in farms, spurs market intermediaries to improve their services, and brings about price stability. It should nudge policies towards more integrated markets. For the first time in many years, the setting for the forthcoming Union Budget is one of good agricultural growth.
Finance Minister Pranab Mukherjee can take credit for ending 2010-11 with a fiscal deficit significantly lower than 5.5 per cent of GDP that his team estimated in the beginning of the year. A higher-than-expected GDP growth rate of 8.6 per cent will give him enough headroom to close the year with a budget deficit of under 5 per cent of GDP.
THE economy is set to expand 8.6% in the fiscal year ending March compared with 8% in the previous year, the government said on Monday.
