
Indian economy had slumped by 24.4% in the corresponding year last year

Festival demand the main growth driver; official figures will be out tomorrow

The brokerage sees growth accelerating further to 9.8% in FY23

Chief economic adviser prepares the document; incumbent K Subramanian’s stint is ending on December 7

The ratio of currency in circulation as a proportion of GDP rises to 14.5% for 2020-21

Since the note-ban, many measures since the note-ban in November 2016 have accelerated digitisation of the economy

The International Monetary Fund (IMF) lowered India's potential growth prediction to 6% last week, citing the pandemic as the reason.

From a fiscal perspective, the report estimates the consolidated deficit to narrow to 9.8% of GDP in the current year from 13.4% in FY21

Alternative energy sources, a surge in less energy-intensive service industries and more energy-efficient vehicles make us less dependent on oil

Sitharaman said that the next year's increase would be somewhere between 8% and 9%, with a range of 7.5 to 8.5%.