India’s 5-yr targets in power transmission, transformers met: CEA
About 1,04,400 ckm of transmission lines and 3,27,889 MVA of transformation capacity in sub-stations were planned to be added during 2017-22.
About 1,04,400 ckm of transmission lines and 3,27,889 MVA of transformation capacity in sub-stations were planned to be added during 2017-22.
The 2022-27 period will require an addition of 1,14,687 Ckm of transmission lines and 7,76,330 MVA of transformation capacity (220 kV and above voltage levels)
Amid the changing tariff order, Nageswaran said there could be some outlier years now and then and one may have to make most of them.
The average growth rate in the last three years up to March 2024 has been around 8%, says Chief Economic Advisor V Anantha Nageswaran
India's GDP grew 8.4% in Q3 FY24, much higher than RBI's forecast of 6.5% for Q3 FY24
"We may be underestimating India's GDP, based on the current statistics, rather than overestimating it," says V Anantha Nageswaran
New investment projects announced by the private sector have been the highest in Q1 of FY24 in 14 years, says CEA V. Anantha Nageswaran.
CEA Nageswaran says with momentum in economy, final estimate of FY23 economic growth will be higher than 7.2% GDP growth rate declared by govt
Capital investment by the private corporate sector is beginning to kick in despite several shocks coming in one after the other, says CEA V Anantha Nageswaran.
The next wave in the fintech sector could be the cash flow lending to MSMEs using account aggregator, UPI and OCEN, says CEA.