indian economy

After increasing by a total of $26.5 billion during the preceding five weeks, overall reserves are rising for the sixth week in a row. RBI data shows that during the previous reporting week, the currency kitty climbed by $140…

The amount of GST revenue collected in March increased by 11.5% as compared to the same month the previous year.

The goods and services tax (GST) receipts, which reached Rs 1.7 lakh crore in February and represented a 12.5% year-over-year increase, also remained strong, according to the economic think tank.

Sitharaman noted that due to enhanced macroeconomic stability and improved inflation control, the economy is anticipated to grow at the same rate in the 2023–2024 fiscal year.

In the same quarter last year, the current account deficit, or CAD, which is the difference between a nation's imports and exports of both goods and services, was $16.8 billion, or 2% of GDP.

The BJP-led government claimed that the economy was in turmoil due to several policy "wrong turns" and was on a "road to nowhere" when they took office.