Economy

Sitharaman on Monday presented the Economic Survey 2023-24, along with the statistical appendix in the Lok Sabha. India’s Gross Domestic Product (GDP) is likely to grow at 6.5% to 7%.

The commerce ministry has identified factors such as the Red Sea crisis causing increase in freight cost, restrictions on rice exports and fall in global price of maize. India’s exports.

Move as stocks reach 3.5 times buffer; more quantities to be allocated to states Given the surplus rice stocks and robust kharif sowing, the government is considering relaxing the restrictions.

“India’s restrictions on shipments of farm commodities are bad for Malaysia”, Ghani said on the sidelines of an event organised by the Indian Vegetable Oil Producers’ Association. Malaysia on Thursday.

As many as 42 of them in southern states currently have 34% capacity filled, as per the Central Water Commission (CWC), which is an improvement from 19% a fortnight back..

The government has set a target of 0.36 million hectare (MH) for kharif onion this year, which is 27% more than 0.28 MH reported in 2023. The government has procured.

Overall, the IMF said it still expects the world economy to grow a lackluster 3.2 per cent this year, unchanged from its previous forecast in April and down a tick.

Country still to remain out of key trade pillar The Union cabinet may soon take up a proposal from the commerce and industry ministry, seeking approval for the country to.

The lowest value since September 2009, when the Centre for Monitoring of Indian Economy (CMIE) started collecting data on capex plans of the government and the private sector, is partly.

Shreya Sodhani, Regional Economist, Barclays, said, “While maintaining focus on capex, we think the government will use increased receipts to fund higher revenue spending, balancing economic and political needs.” With.