The Reserve Bank’s decision to keep the benchmark interest rate stable is pragmatic and will ensure sustainable economic growth, say experts.
The RBI Monetary Policy Committee on Thursday decided to keep policy rate unchanged for the sixth time in a row in view of global uncertainty and the need
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India s Finance Minister, Nirmala Sitharaman, presented the Union Budget, positioning it as a foundation for developing India into a Viksit Bharat or a developed nation by 2047. The budget, totaling INR 47.66 lakh crore, spans various sectors with a focus on social justice, fiscal prudence, and fiscal deficit reduction. Experts view the budget as laying the groundwork for an empowered and inclusive India, echoing Prime Minister Narendra Modi s vision.
Prolonged pause on interest rate to fare well for corporate India, say experts orissapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissapost.com Daily Mail and Mail on Sunday newspapers.
India s GDP growth in the September quarter of the fiscal year reached 7.6%, making it the fastest-growing large economy. The rebound was driven by a strong performance in the manufacturing, mining, and services sectors. The Gross Value Added (GVA) in the manufacturing sector saw a growth of 13.9%, indicating a significant increase in production to meet pent-up demand before the festivals.