Gross Domestic Product

The Kerala government is seeking intervention from the Supreme Court after the Central government slashed the state's borrowing limit to 2 percent of the GSDP. The state's borrowing limit is Rs 20,521 crores, informed the Centre.

The Reserve Bank of India said that 50 per cent of the Rs 2,000 notes in circulation have come back, around 20 days after their withdrawal was announced. The value of the notes that have been returned is Rs 1.8 lakh crore.

Chandrima Bhattacharya, who presented a Rs 3.39-lakh-crore Bengal Budget for 2023-24, said IT, internet of things and artificial intelligence sectors have attracted significant investments in the state.

The Economic Survey for 2022-23 has pegged India's GDP growth for the next fiscal 2023-24 in a broad range of 6-6.8 per cent. The Survey's baseline forecast for real GDP growth is 6.5 per cent. The document holds key insights into India's macroeconomic landscape and government policies and also reforms that can be ushered in.

Many positivities, like cooling down of the inflation rate, agriculture growth and high capital and investment expenditure, are on the borderline and can reverse in the upcoming year due to unfavourable circumstances. The budget must look to create a firewall around these, says Shishu Ranjan

The logistics sector has sought substantial tax benefits, incentives and correction in inverted duty structure in the much anticipated Union Budget 2023.

The Indian economy is estimated to grow at 7 per cent in the 2022-23 fiscal, down from 8.7 per cent a year ago, mainly due poor performance of mining and manufacturing sectors. Read full report here.

Brendan Rogers, a venture capitalist and a mentor, said that the future of India's startup ecosystem is looking brighter than ever. "India is second largest internet user base which is growing rapidly with around 7% GDP," he said.

India’s economic growth slowed down to 6.3 per cent in the July-September quarter of this fiscal. The Indian economy had grown 13.5 per cent in the June 2022 quarter (Q1FY23).

The "Monthly Economic Review for October 2022" also issued a warning, stating that the tightening of US monetary policy is a "future risk" that could result in a drop in stock prices, a depreciation of national currencies and more. The ministry said, so far in the current year, India’s food security concerns have been addressed and will continue to receive the utmost priority from the government.