Economy

The expansion in production of key infrastructure sectors fell to a 20-month low of 4% in June, mainly due to a slowdown in growth of five of the eight industries.

Replying to the discussion on the Budget, the minister refuted an allegation by the opposition parties that the central government has not been fair to the states in tax devolutions.

Centre’s budgetary capital expenditure down 35% in April-June, CPSE investments fall 37%. The capital expenditure by the Centre and central public sector enterprises (CPSEs) declined by 35% and 39% respectively.

In FY25, the interest expenses of the Centre are estimated to rise 9.3% on year, only marginally lower than the estimated nominal GDP expansion of 10.5%. The Centre’s debt to.

The Council aims to create a roadmap for this vision, fostering teamwork between the Centre and the states as ‘Team India’. Prime Minister Narendra Modi will chair NITI Aayog’s ninth.

The total FDI — which includes equity inflows, reinvested earnings and other capital — equity inflows into India fell to $44.42 billion in 2023-24. In the fiscal year 2023-24, Singapore.

Sitharaman on Monday presented the Economic Survey 2023-24, along with the statistical appendix in the Lok Sabha. India’s Gross Domestic Product (GDP) is likely to grow at 6.5% to 7%.

The commerce ministry has identified factors such as the Red Sea crisis causing increase in freight cost, restrictions on rice exports and fall in global price of maize. India’s exports.

Move as stocks reach 3.5 times buffer; more quantities to be allocated to states Given the surplus rice stocks and robust kharif sowing, the government is considering relaxing the restrictions.