Budget Boost To Consumption
Focus on jobs, MSMEs, rural sector and infrastructure is expected to fire up the domestic consumption engine amid slackening global growth.
Focus on jobs, MSMEs, rural sector and infrastructure is expected to fire up the domestic consumption engine amid slackening global growth.
In the pre-budget roundtable of Fortune India, Dubey said the government needs to focus on the MSMEs as large businesses have already been provided multiple benefits such as PLIs and tax cuts.
Experts suggest how Modi 3.0 can turbocharge the economy.
Notably, the expansion in total sales and output were the fastest in 14 years.
The PMI rose to 62.2 in April as against 61.8 in March, thus indicating the fastest rate of increase in aggregate business activity since mid-2010.
The country’s wholesale price index in March stood at 151.8. The wholesale price index stood at 151.2 for February and January.
Interpretations of data paint exaggerated picture of prosperity
In short, "Amrit Kaal" culminates in "Viksit Bharat@2047" and the promise is to make India a “developed nation” by 2047.
HSBC's fash India Composite Purchasing Managers' Index (PMI), compiled by S&P Global, climbed to 61.3 this month compared to February's final reading of 60.6.
This comes a day after the cabinet approved the continuation of the targeted subsidy of ₹300 per 14.2 kg cylinder for up to 12 refills per year during FY24-25 under Ujjwala Yojana.