The main reason behind this better growth rate is the strong performance of the agriculture sector, which registered a growth of 3.7% this quarter, while the rate was 1.5% last year. This figure is before the high tariffs imposed on India by the US.
The repo rate cut, besides relief for homebuyers and other borrowers, will boost economic growth. Read further on Dynamite News:
Reserve Bank of India (RBI) Governor Shaktikanta Das said that Monetary Policy Committee (MPC) has decided to keep the policy repo rate unchanged at 6.5 per cent. Read further on Dynamite News:
Backed by robust economic growth and conducive government the Indian automobile industry has posted a satisfactory performance with sales growing by 12.5 per cent. Read further on Dynamite News:
Anita Praveen, secretary of the Ministry of Food Processing, emphasizBusinessed the pivotal role of research and development (R&D) in propelling the Indian food processing sector to greater heights. Read further on Dynamite News:
India is targeting seven per cent growth in economy this year and we expect it to cross it in the next five years, External Affairs Minister S Jaishankar said on Saturday and adding that New Delhi will try to stay in the 7-9 per cent range at least for a decade and a half. Read further on Dynamite News:
The study found that economies are sensitive to persistent temperature shocks over at least a 10-year time frame and impacts economic growth in about 22 per cent of the countries analyzed. Read further on Dynamite News:
Equity benchmark indices extended recovery during early hours on Tuesday as investors focussed on economic growth amid favourable cues from their global peers.
India forecast robust economic growth of 11% for the fiscal year beginning on April 1 in its annual economic survey on Friday, on the back of the beginning of a nationwide coronavirus vaccination drive and a rebound in consumer demand.
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