-The Hindu With GDP estimated to have clocked a 9.7% uptick in the first six months, the advance estimate implies that growth will moderate to 4.5% in the second half. India’s real GDP is expected to grow 7% in 2022-23, slowing from 8.7% in FY22, as per the First Advance Estimates of National Income for the year released by the National Statistical Office (NSO) on Friday. With GDP estimated to have clocked a...
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Can India’s production incentive scheme transform the Economy.as the SEZ push did for China? -Siddhant Bajpai
-Scroll.in The Indian government will have to take serious note of the structural problems and bottlenecks to work on improving the production-linked incentive scheme. On December 20, the Indian government approved a Rs 357.17-crore incentive for Foxconn India, under the Production-Linked Incentive scheme for the Large-Scale Electronics Manufacturing sector. According to government think tank Niti Aayog, Foxconn India is the “first global company” approved under the scheme for mobile phones and to receive...
More »Number Theory: Four key questions that will matter for the Economy.in 2023 -Pavitra Kanagaraj and Abhishek Jha
-Hindustan Times As the New Year begins amid renewed hope, what will 2023 hold for the Economy.— both Indian and global? As the New Year begins amid renewed hope, what will 2023 hold for the Economy.— both Indian and global? Here are four questions whose answers hold the key. Will the war in Europe end? Russia’s invasion of Ukraine in February 2022, the sweeping western sanctions against Moscow, and the supply chain...
More »Oil slides after IMF says slowing global growth engines portend tougher 2023 -Florence Tan
-ThePrint.in IMF Managing Director Kristalina Georgieva said Sunday that US, Europe and China are all slowing down simultaneously, making 2023 tougher than 2022 for the global Economy. Singapore: Oil prices slid on Tuesday from their highest levels in a month on a stronger dollar and after the head of the International Monetary Fund warned of a tougher 2023 as major economies experience weakening activity. Brent crude futures dropped 98 cents, or 1.1%, to...
More »Paddy worth Rs 16,000 crore procured this season in Chhattisgarh -R Krishna Das
-Business Standard The paddy procurement process started in the state-run primary cooperative societies' 2,600 procurement centres from November 1 Raipur: Chhattisgarh is moving ahead to meet its paddy procurement target even as 70 per cent of it has been purchased from farmers. One of the few states in the country to procure paddy from farmers at minimum support price (MSP), Chhattisgarh has set a target to purchase 11 million tonnes (MT) during the...
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