Hyderabad: India has the potential to become a USD 55 trillion economy by 2047 if state and central governments work hard to implement policies that will take the country’s growth from “what has been historically 7 % to 8% (in rupee terms)”, Krishnamurthy V Subramanian, Executive Director of the International Monetary Fund (IMF) said on … Read more
Finance Minister today released the Economic Survey for the financial year 2023-2024. In the economic survey highlighting the performance of Indian economy, the ministry has also touched upon the topic of Chinese challenge. The Economic Survey has called it the Chinese Conundrum. The Survey highlights that it would be wrong to presume that India will … Read more
Durable, high GDP growth requires inflation to be under control but real interest rates above 2% may not be sustainable when it comes to supporting the growth needs of the Indian economy, said Shashanka Bhide, member of the Monetary Policy Committee of the Reserve Bank of India. If one goes by the MPC’s projection of … Read more
