India will be close to a $35-$40 trillion economy by 2047. The Union Minister for Commerce and Industry Piyush Goyal made this forecast as he addressed the Asia Economic Dialogue in Pune on Saturday, February 25. The minister shared his conviction that India would be the third-largest economy in the next four-five years.
Finance Minister Nirmala Sitharaman met President Droupadi Murmu at the Rashtrapati Bhavan ahead of presenting the Budget 2023-24 in Parliament on Wednesday (India time).
Continued focus on investment in infrastructure, further incentivising manufacturing and sustained efforts in ‘Ease of Doing Business’, pushing through disinvestment and leaving more money in the hands of middle and lower middle class people are amongst the major expectations of India Inc, as brought out by an ASSOCHAM pre-Budget survey.
India on Friday was described as a “relative bright spot” in global economy by an IMF deputy managing director in New Delhi.
Arul Louis- The newly-minted economics Nobel laureate Abhijit Banerjee has warned that the Indian economy is going into “a tailspin” and his prescription is for the government to focus to increasing demand rather than on deficits or stability. When “the economy going into a tailspin is the time when you don’t worry so much […]