NOTWITHSTANDING THE GLOBAL slowdown and the bank collapses in the US, a Reserve Bank of India (RBI) article on Tuesday took the sanguine view that Indian economy might maintain the current year's pace of expansion in the next financial year.
Referring to the forecasts between 6-6.5% for the country's GDP growth for 2023-24, the authors said the real GDP can go up from ₹159.7 trillion in 2022-23 to not just ₹169.7 trillion in 2023-24, as is being projected, but to ₹170.9 trillion, if Budget proposals to boost consumption and investments are implemented.
The optimistic prediction is based on the assumptions that at least 50% of the ₹35,000 crore of tax relief proposed in the Budget is used by taxpayers for consumption and at least a third of the additional allocation of ₹3.2 trillion budgeted for effective capital expenditure materialises.
"Unlike the global economy, India would not slow down - it would maintain the pace of expansion achieved in 2022-23.
Diese Geschichte stammt aus der March 22, 2023-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der March 22, 2023-Ausgabe von Financial Express Mumbai.
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