Finance Ministry says economy likely to grow closer to 7% in 2024-25
The prognosis of 7% growth in the coming year, if actualised, would mean 7% or higher growth for four years in a row, the CEA said. | The Hindu
Month: January 2024
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India to become third largest economy with GDP of $5 trillion in three years: Finance Ministry
Ten years ago, India was the 10th largest economy in the world, with a GDP of $1.9 trillion at current market prices. | The Hindu
RBI’s guidelines on State ‘guarantees’ on borrowings | Explained
The RBI Working Group examining issues relating to guarantees given by State governments has put forth certain recommendations to “facilitate better fiscal management by the State Governments”. | The Hindu
Global trade is being disrupted by Red Sea attacks, Ukraine war and low water in Panama Canal: UN
The U.N. trade body has sounded an alarm saying that global trade is being disrupted by due to multiple issues | The Hindu
Loan guarantees given by governments on a rising trend in 12 States | Data
In Sikkim, Andhra Pradesh and Telangana, govt. guarantees as a % of GDP have crossed the 10% mark | The Hindu