Gdp
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Tax revenues soar 34% to record Rs 27.07 lakh crore in FY22; tax-GDP ratio highest in 2 decades
Income Tax | Apr 08, 2022, 08:43 PM ISTReflecting buoyancy in economy and the impact of anti-tax evasion measures, direct tax collection rose by a record 49 per cent to Rs 14.10 lakh crore, while indirect taxes posted a growth of 20 per cent to Rs 12.90 lakh crore.
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Moody's slashes 2022 India growth estimate to 9.1%
Business | Mar 17, 2022, 01:55 PM ISTIn its Global Macro Outlook 2022-23 (March 2022 Update) titled: Economic Growth will suffer as fallout from Russia's invasion of Ukraine builds, the rating agency said that India's growth is likely to be 5.4 per cent in 2023.
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India economy to grow at quickest pace among large nations: Finance Ministry report
Business | Feb 16, 2022, 03:48 PM ISTObserving that the IMF in its January 2022 update has lowered its global growth estimate for 2022, the report said India is the only large and major country listed by the IMF whose growth projection has been revised upwards in 2022-23.
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India's GDP to grow at 9.2% in 2021-22, to surpass pre-Covid level, says govt data
Business | Jan 07, 2022, 10:10 PM ISTAs per the first advanced estimates of the national income released by the National Statistical Office (NSO) on Friday, a growth is witnessed across sectors.
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PM Modi meets top CEOs for budget inputs
India | Dec 20, 2021, 08:19 PM ISTPM Modi interacted with the leading CEOs of companies across banking, infrastructure, automobiles, telecom to receive inputs and suggestions from the private sector for budget.
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India among most unequal nations; top 1% of population holds 22% of national income: Report
India | Dec 08, 2021, 11:25 AM ISTThe report noted that income and wealth inequalities have been on the rise nearly everywhere since the 1980s.
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India's GDP shows remarkable recovery, grows 8.4% in Q2FY22 to beat estimates
India | Nov 30, 2021, 06:46 PM ISTThe GDP growth in April-June quarter this fiscal stood at 20.1 per cent. The Indian economy had contracted by 24.4 per cent in April-June last year.
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India's GDP likely to grow 8.1% in Q2 FY22: SBI report
Business | Nov 22, 2021, 05:52 PM ISTIn the first quarter of FY 22, the economy grew 20.1 per cent. For the fiscal 2022, RBI has estimated real GDP growth to be at 9.5 per cent -- 7.9 per cent in Q2, 6.8 per cent in Q3 and 6.1 per cent in Q4.
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Emerging from 'very tough' 2nd wave, India keeps top global spot with 9.5% GDP growth
Business | Oct 12, 2021, 08:28 PM ISTIndia’s growth projection released by the latest World Economic Outlook remains unchanged from its previous WEO (World Economic Outlook) update of July this summer but is a three-percentage point in 2021 and 1.6 percentage point drop from its April projections.
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RBI retains economic growth forecast at 9.5 for FY22
Business | Oct 08, 2021, 05:45 PM ISTIn his address after the three-day meeting of the rate-setting panel, RBI Governor Shaktikanta Das said recovery in aggregate demand gathered pace in August-September, and it is reflected in high-frequency indicators, like railway freight traffic; port cargo; cement production; electricity demand; e-way bills; GST and toll collections.
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Rise in GDP for govt is rising prices of gas, diesel, petrol: Rahul Gandhi
News | Sep 01, 2021, 06:08 PM ISTTaking on the Modi government, Congress leader Rahul Gandhi on Wednesday once again hit out at the Centre over inflation saying increase in GDP means hike in gas, diesel, petrol prices. addressing a presser, Rahul Gandhi said, "In the last 7 years, we have seen a new economic paradigm. Demonetisation on one side, and monetisation on the other side."
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India on course for 9% GDP growth in FY 2022, 3rd wave still a concern
Business | Sep 01, 2021, 02:06 PM ISTThe data released by th Ministry of Statistics on Tuesday showed that the country's GDP has recovered swiftly to clock a growth of 20.1 pc in the Apr-June quarter of FY22 as against a contraction of 24.4 pc seen in the same period of previous year.
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India's GDP grows 20.1% in April-June 2021, says Govt
Business | Aug 31, 2021, 06:02 PM ISTThe gross domestic product (GDP) had contracted by 24.4 per cent in the corresponding April-June quarter of 2020-21, according to data released by the National Statistical Office (NSO).
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Projection for real GDP growth is retained at 9.5% for 2021-22: RBI Governor
News | Aug 06, 2021, 02:15 PM ISTReserve Bank of India (RBI) has decided to retain projection for real GDP growth at 9.5% for 2021-22. "The projection for real GDP growth is retained at 9.5% for 2021-22... Consumer Price Index (CPI) inflation is projected at 5.7 % during 2021-22 - this consists of 5.9% in Q2, 5.3% in Q3 and 5.8% in Q4 of 2021-22 with risks broadly balanced. CPI inflation for the first quarter of 2022-23 is projected at 5.1%," said RBI Governor Shaktikanta Das on August 06.
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Pandemic-hit economy started to look up in late-May and early June: RBI Governor
Business | Jul 01, 2021, 10:56 PM ISTReserve Bank of India (RBI) Governor Shaktikanta Das said that the second wave of pandemic has taken grievous toll on India.
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RBI lowers GDP growth projection to 9.5 pc for 2021-22
Business | Jun 04, 2021, 12:30 PM ISTThe Reserve Bank on Friday lowered the country's growth projection for the current financial year to 9.5 percent from 10.5 percent.
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2020-21 darkest year of economy in four decades, laments Chidambaram
Business | Jun 01, 2021, 08:52 PM ISTThe former finance minister attacked the Central government over the GDP numbers.
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'2020-21 darkest year of economy': P Chidambaram
News | Jun 01, 2021, 05:48 PM ISTDuring a video-conferencing interaction, Congress Leader P Chidambaram highlighted economical situation of the country amid COVID crisis and said that the 2020-21 is the "darkest year" of the economy in four decades.
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Moody's pegs India GDP growth at 9.3% in FY22
Business | Jun 01, 2021, 12:25 PM IST"We expect a decline in economic activity in the April-June quarter, followed by a rebound, resulting in real, inflation-adjusted GDP growth of 9.3 per cent in the fiscal year ending March 2022 and 7. 9 per cent in fiscal 2022-23," Moody’s Investors Service said
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India's GDP grows 1.6% in Jan-March; shrinks 7.3% in 2020-21
Business | May 31, 2021, 06:10 PM ISTIndia's economy grew by 1.6 per cent in the fourth quarter of 2020-21, restricting the full-year contraction to 7.3 per cent, official data showed on Monday.