Key Finance Ministry officials prepare for new government's first full budget, led by Finance Secretary T.C. Somnathan. Transition from interim to full budget.
Despite a challenging global scenario, India’s economy has shown robust growth over the past year backed by sustained consumption and investment demand, a top Indian official told members of a World Bank committee here.
The GDP growth estimate for the fiscal, which has been revised upwards from
India s economy shines amidst global slowdown with GDP growth estimates revised upwards. Proactive reforms and investments set a benchmark for emerging economies.
The decision to release a white paper on the Indian economy, which strongly criticised the UPA’s stewardship of the economy, was taken very close to the interim Budget and was put together in around a week.