The momentum of economic activity widened in August 2022 amid some moderation in rainfall, easing of supply-side issues like semiconductor availability for the auto sector, and pre-festive accumulation of inventories, even as the slowdown in external demand continued to act as a dampener.
As per the report, the Current Health Expenditure (CHE) is Rs. 5,40,246 crores which is 90.58 per cent of THE and capital expenditures is Rs. 56,194 crores, which is 9.42 per cent of THE.
Experts though feel that it would be a tough task as current account deficit may further go up to more than 3 per cent of the GDP in the current financial year.
India's economy is on course to achieve 7 per cent growth in 2022-23, Finance Secretary T.V. Somanathan said on Wednesday.
SBI Research said it expects central bank RBI to be supportive of growth and hike repo rates gradually, but mostly front load it in June and August policy review meetings.
RBI Governor Shaktikanta Das said the real GDP growth is projected at 16.2 per cent in Q1FY23, at 6.2 per cent in Q2; at 4.1 per cent in Q3 and Q4 at 4 per cent, assuming that crude oil (Indian basket) price is at $100 per barrel during 2022-23.
As per the agency, consumption demand as measured by private final consumption expenditure (PFCE) has been subdued in FY22, despite sales of select consumer durables showing some signs of revival during the festive season.
The survey expects private sector investment to pick as financial system is in good position to provide support necessary for speedy revival of the economy.
Private transfer receipts, which mainly represent remittances by Indians employed overseas, increased 3.7 per cent over the year-ago period to USD 21.1 billion.
The share of primary healthcare in current government health expenditure has increased from 51.1 per cent in 2013-14 to 54.7 per cent in 2017-18.
Goldman Sachs on Tuesday said that India's GDP is expected to rise to 9.1 per cent in calendar year 2022, as compared to an estimated 8 per cent in 2021.
Low base effect, along with a rise in demand, pushed India's industrial output higher by 11.9 per cent in August, on a year-on-year basis.
Agriculture sector has been pandemic resilient. Its output is 8 per cent above pre-pandemic level. A below normal monsoon poses a risk to its growth in FY22.
Bhubaneswar: The implementation of the proposed Goods and Services Tax (GST) bill will pave the way for creation of a unified market for goods and services, and promises to boost the country’s gross domestic product (GDP) growth rate by up to 2 per cent, said experts who attended a workshop on GST organised by the […]
Geneva: Health spending, which accounts for 10 per cent of global gross domestic product (GDP), is pushing 100 million people into extreme poverty each year, says a report by the World Health Organization (WHO). Health spending is made up of government expenditure, out-of-pocket payments (people paying for their own care) and sources such as voluntary […]