There is no significant downside risk to 6.5-7 per cent GDP growth projected by the Economic Survey and other than food prices, inflation is not a challenge, Economic Affairs Secretary Ajay Seth said here on Wednesday.
"Several informed people have been talking about an apparent slowdown. Yes, the numbers in the second quarter do show some of the products and services may not be at the same level they were about a year ago or two quarters earlier. However, e-way bills and e-invoices for October do not indicate there is any significant possibility of any downside risk of 6.5-7 per cent growth," Seth said. He was participating in a secretary panel discussion at the curtain-raiser event of Ficciis Annual General Meeting (AGM).
On inflation, Seth said food prices have been a problem area. "That has been because of continuing and unusually long rainfall this year. But other than the food prices, inflation is not a challenge," he added.
هذه القصة مأخوذة من طبعة November 21, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 21, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Bet on quality funds amid slowing economic growth, mkt turbulence
WhiteOak Capital Mutual Fund recently launched the White Oak Capital Quality Equity Fund.
DMart's cart loaded with margin woes
Brokerages adjust target prices as supermarket chain faces op strain
JSW Cement gets Sebi nod for ₹4,000 cr public offer
JSW Cement, part of Sajjan Jindal-promoted diversified JSW group, has received Sebi's go-ahead to raise ₹4,000 crore through an initial public offering (IPO), an update with the markets regulator showed on Monday.
Budget key trigger for life insurers in near term
The data for individual weighted received premium (WRP) showed divergent trends for life insurers in December 2024.
Economy strong but equities face near-term challenges: ICICI Pru MF
Fund says investors should prefer hybrid, largecap schemes
Groww Eyes IPO This Year, Targets $6-8 Billion Valuation
Firm Has Held Talks With Multiple i-Bankers For The Purpose
Risk-reward balance poor despite recent correction: Report
The risk-reward balance for the Indian market is poor despite the recent correction, said Kotak Institutional Equities in a note.
₹ slide Could Hasten Market Freefall
FPIs Could Rush to Exit If the Decline Persists
Bezos' Blue Origin delays debut mission for New Glenn rocket
Launch called off due to last-minute technical issues
Krav Maga packs a punch for self-defence in India
Israeli fighting method has been gaining traction in the country over past few years
