Introduction Chief Economic Adviser to the Government of India, Mr V Anantha Nageswaran, recently remarked that the Animal Spirit has returned to the Indian economy reflected in a substantial increase in the private sector investments, contributing.
Bank lending to the private corporate sector grew 14.9 per cent in September 2023 from 14.7 per cent a year ago, according to the Reserve Bank data released Friday. Another set of banking data released by the central bank showed the share of term deposits bearing a 6 to 8 per cent interest rate rose to 78.6 per cent in September 2023 against 12.5 per cent in March 2022.
India s gross domestic product (GDP) growth surged to 13.5 per cent in the first quarter of the current financial year as compared to 4.1 per cent in the previous quarter, according to the official data released on Wednesday.
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