The Economic Survey 2021-22 expects the real economy will grow at between 8-8.5% next year, provided crude oil prices remain in the range of $70-75 per barrel and the disruptions in the global supply chain ease. Underwhelming as it may seem, 8% would seem a more reasonable aspiration at this ...
The economy is well-poised to shrug off any ripple effect of global liquidity tapering in 2022-23, thanks to the country’s high foreign exchange reserves, sustained inflows of foreign direct investment (FDI) and soaring export earnings, the Economic Survey said on Monday. External trade rebounded strongly this fiscal after a pandemic-induced slump ...
As it called for immediate de-escalation on the Ukraine issue, the government's hands-off policy saw India abstaining Monday from a procedural vote in UN Security Council on whether or not discussions were required on the threat of an invasion of Ukraine by Russian forces.
The strong revival in its revenues in the current fiscal, helped primarily by buoyant tax receipts, means the Centre “has fiscal space to provide additional support (to the economy) if necessary”, according to the Economic Survey 2021-22 tabled in Parliament by finance minister Nirmala Sitharaman on Monday, a day ahead ...