Indian Economy Will Give Positive Numbers This Time
Indian economy will give positive numbers this time, know how much will be the growth rate.
The Indian economy is expected to grow in FY 2021-22 after a 7.3 percent decline in FY 2020-21.
The Annual Equity Assessment 2022 of Client Associates states that the macro profile of the country remains conducive to growth to a large extent.
It said that increasing government spending coupled with improved exports and effective policy measures by the RBI and the government are likely to provide strong support to economic activity in FY2023.
Strong GST collection is positive for the economy.
The report said that indicators like PMI are in a continuous expansion zone and strong GST collection is positive for the economy.
Talking about GST collection in the budget.
Union Finance Minister Nirmala Sitharaman during her Budget 2022 speech had also announced that the country had recorded a gross GST collection of Rs 1,40,986 crore for January 2022, the highest since the inception of GST.
The recession saw compared to 2015.
The CA Annual Equity Assessment 2022 states that India’s economic activity witnessed a gradual slowdown from 8.3% between FY2015 and FY2020.
India’s growth rate remained weak due to weak industrial production and declining demand for private consumption.
World Bank pushed the country’s growth rate forward.
The CA Annual Equity Assessment 2022 states that the World Bank has projected India’s growth rate to 8.7% in FY23 from an earlier estimate of 7.5%.
India’s economic growth is expected to be in the range of 7.5-9% during the next fiscal.
India’s economic growth is expected to be between 7.5-9%.
According to the latest data, India’s economic growth is expected to be in the range of 7.5-9% during the next financial year.
The report said that India’s GDP growth in FY2023 is expected to be supported by strong government spending and capital expenditure, as there has been no significant increase in demand for private consumption.
The growth rate of real GDP is at 7.8 percent.
The CA Annual Equity Assessment 2022 states that the RBI has projected real GDP growth at 7.8 percent for the financial year 2022-23.
CPI inflation forecast at 5.3%.
CA Annual Equity Assessment 2022 states that the RBI in its monetary policy review has also retained the CPI inflation forecast at 5.3% for FY 2021-22 and 4.5% for FY 2022-23.
Outlay on expenditure increased in the budget.
Finance Minister Nirmala Sitharaman in her Union Budget speech had announced a 35 percent hike in the outlay for capital expenditure in FY23.
