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Showing posts from July, 2024

JULY-SEPTEMBER 2024 ISSUE

  JULY-SEPTEMBER 2024 ISSUE India intends to peg its target for fiscal deficit in FY25 at 5.1% of gross domestic product(GDP) in the upcoming budget to be presented by Finance Minister Nirmala Sitharaman. A Blueprint for Viksit Bharat (Developed India) should emphasise job creation through labour-intensive manufacturing, providing credit for MSMEs, keeping the continued focus on expanding service exports and further consolidating to a fiscal deficit below 4.5% of the GDP by FY26.  The current issue of Economic Challenger brings many research topics concentrating on the above themes. Have a look at its contents;

EDITORIAL JULY-SEPEMBER ISSUE

  EDITORIAL JULY-SEPTEMBER ISSUE Indian Economy On a High Growth Trajectory India's economy begins FY 2024 with a big score.  The Indian economy has recorded an 8.4 per cent GDP growth in the October-December quarter of FY24 has "surpassed" all expectations, and the economy is on a high growth trajectory due to sustained reforms undertaken by the government. India's economic growth accelerated to 8.4 per cent in the October-December quarter of this fiscal, driven by double-digit growth in manufacturing and a good showing by mining & quarrying and construction sectors. These strong GDP growth numbers for the third quarter (YoY) are quite surprising despite the instability due to geo-political flashpoints worldwide.  Structural reforms and improvements in ease and cost of doing business have facilitated high GDP growth domestically. This gives us confidence that the Indian economy will continue to grow at a 7 per cent plus growth rate over the medium term. The doubl