ALLAYING CONCERNS
These numbers are on a slow and steady upward trend. A slowdown in the global economy and trade may moderate export growth, but overall, it may be better for us," Nageswaran told reporters.
He reiterated that the government is comfortable with the GDP forecast of 6.5 per cent for FY24 as risks to the forecast were evenly balanced.
The CEA was speaking at a virtual briefing on the state of the economy as India's real gross domestic product (GDP) grew by 7.8 per cent for Q1FY24.
Stressing that prolonged geo-political uncertainty and likely tighter financial conditions also pose a challenge to the future growth outlook, the CEA also said that while food inflation is likely to subside, the impact of deficient monsoon in August has to be watched.
"Growth prospects appear bright, though external factors pose a downside risk," the CEA said.
Denne historien er fra September 01, 2023-utgaven av Business Standard.
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Denne historien er fra September 01, 2023-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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A SWEET DEAL
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Zomato shares zoom on Sensex inclusion
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Politics, culture and performance
\"All the world's a stage, and all the men and women merely players.\" If we start looking at ourselves as characters who perform, and observe where the stage is, a lot more can start to make sense.
