Indian economy News
World Bank today said that the Indian government is on track to meet its fiscal deficit target of 6.4% of the GDP for 2022-23. Fitch Ratings retained the economic growth forecast for India at 7% for the current fiscal. World Bank also expressed optimism that India's real GDP would grow at 6.9% in the current fiscal.
India and Pakistan's tussle against each other has been a story of arch rivalry. Recently, when India refused to travel to Pakistan for the next Asia Cup series, Pakistan Cricket Board's chief Ramiz Raza gave absurd comparisons quoting India vs Pakistan's recent matches. Raza reportedly said that Pakistan defeated the billion-dollar industry twice in a year. So, since Ramiz Raza is out there comparing the recent performance of India vs Pakistan which is 2-2 in the last four games, let's look at some other aspects of how the two nations are performing on key indicators:
SBI Research has pencilled in the country's GDP growth for the second quarter at 5.8 per cent, down 30 basis points from average estimates. SBI Research cited a weak manufacturing sector coupled with the steep margin compression for lower forecast. The government will release the official numbers on November 30.
India's inflation is likely to ease in the coming months, partly due to fall in commodity prices: Finance Ministry. India's annual retail inflation has remained above the central bank's tolerance limit of 2% to 6% since January. The finance ministry has also said that a global slowdown may dampen the country's exports businesses outlook.
Now you will be able to do transaction in a currency which you can neither touch nor it will get spoiled and you will be able to keep it for many years. Today, digital currency has been started as a pilot project in the country. In DNA we will tell you how digital currency is going to change the economy of the country.
Political uproar is increasing over Arvind Kejriwal's statement. Delhi CM says that there should be a photo of Lakshmi-Ganesh ji along with the picture of Gandhi ji on the Indian currency. Now BJP's Sambit Patra has hit back at the Aam Aadmi Party regarding this. He has said that Kejriwal is pretending and God will not forgive him.
Traders' body CAIT is expecting up to Rs 2.5 lakh crore infusion into the market through sales and service Sales of products such as TV, home appliances, FMCG food and non-food, apparel etc from offline and e-commerce channels have recorded almost 8-10 per cent volume growth Festive season sales start from Onam, covers Durga Puja, Dusshera and ends with Diwali.