News Snapshot:
The first advance estimates released by the National Statistical Office showed that GDP in constant prices in FY23 was 8.6 per cent higher than the pre-Covid year of FY20. In other words, India had a growth rate of 2.86 per cent per annum in the last three years. Also note that the pre-Covid year, FY20, had a low base with 3.7 per cent growth. Therefore, the need to focus on higher growth in the forthcoming budget, medium and long-term, is obvious. The budget also should keep in mind global headwinds such as geopolitical factors, slowdown of growth in the US,...
