Thursday, February 22nd, 2024

Budget preparation going on fast, the government will present the figures of growth rate estimates this evening

Economic Growth Estimates For FY23 In India: Just three weeks from today i.e. on February 1, 2023, the General Budget (Union Budget 2023-24) is going to be presented in the Lok Sabha. For which now preparations have started with great speed. The National Statistical Office of the Modi government at the Center is going to release the first advance estimate of economic growth for 2022-23 on Friday evening.

Will help in the budget

According to media reports, the First Advance Estimates of National Income for the financial year 2022-23 (FY22-23) are very important, as these figures will be used to prepare the Union Government’s budget for the next financial year 2023-24 (FY23-24). is done to prepare.

RBI gave GDP figures

Last month, the Reserve Bank of India (RBI) had reduced the country’s gross domestic product (GDP) growth forecast for the current financial year to 6.8 per cent from the earlier 7 per cent. This was done in view of the global financial conditions. The RBI had projected the real GDP growth rate for 2022-23 to be 6.8 percent. The growth rate in the third quarter was expected to be 4.4 percent and the growth rate in the fourth quarter was expected to be 4.2 percent.

growth rate has decreased

It is known that the growth estimate for the current financial year has been revised for the third time in December 2022. The central bank had reduced the GDP growth forecast for April 2022 to 7.2 per cent from 7.8 per cent. Whereas in September 2022 last year, it was further reduced to 7 percent. The International Monetary Fund also reduced India’s growth forecast to 6.8 per cent from the earlier 7.4 per cent.

Read this also-

Gold Investment: This is the best option for investing in gold, know how you can earn profit by investing money

Whatsapp GroupJoin
Telegram channelJoin

Mukesh Ambani’s Reliance Retail gets Rs 8,278 crore investment, this company will buy 0.99% stake

Photo:FILE Reliance Retail Reliance Retail Ventures Limited (RRVL), the retail arm of Mukesh Ambani’s Reliance Industries, has received a major investment. Qatar’s sovereign investment fund QIA will invest Rs 8,278 crore in Reliance Retail...

Girls will get Rs 50000 after graduation, know how to apply

Government Scheme: Many such schemes are run by the government, so that the expenses from education to marriage of girls can be borne. In this sequence, the state government has a scheme, which encourages...

TCS’s appeal rejected in US court, now it will have to pay compensation of $ 140 million

Photo:PTI TCS The Supreme Court of America has rejected the company’s appeal challenging the $140 million damages order passed by the district court against IT company Tata Consultancy Services (TCS). For this, the company...