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- Joranada mela begins in Dhenkanal
- Adani's problems may increase,Moody says will be problems in raising money; Finance Secretary says – ‘This
- Dacoits decamped with jewellery worth over Rs 1 crore and Rs. 5lakh cash at gunpoint from Dhenkanal Mahabirod
- Gautam Adani no longer even in top 20 richest people, fallen sharply from $124 billion on 17 Jan to $61.3 billion
- FCI sells over nine lakh tonnes of wheat in two days of e-auction
India becomes 5th largest economy in the world overtaking Britain
(FastMail News) - The Indian economy, which seems to be derailed due to Corona pandemic, has made a big comeback. According to reports, India has overtaken Britain to become the world's 5th largest economy. Now only America, China, Japan and Germany are ahead of India. Lagging behind India is being seen as a big setback for Britain. Britain is going through many troubles these days, which include inflation, low growth and political instability. At the same time, India has been one of the fastest growing large economies of the world for a long time.
Let us inform that recently, Finance Secretary TV Somanathan had said that the Indian economy is moving towards achieving a growth rate of more than 7 percent in the current financial year. Commenting on the first quarter gross domestic product (GDP) growth data, he said the economy is up 4 per cent from pre-pandemic levels. He allayed concerns of increasing imports putting pressure on the fiscal position, saying the government is confident of keeping the fiscal deficit at 6.4 per cent of GDP in the current fiscal.
The country's GDP stood at 13.5 percent in the first quarter (April-June) of the current financial year due to the better performance of the agriculture and services sector. With this growth, India remains the fastest growing large economy in the world. China's growth rate in the April-June quarter of 2022 has been 0.4 percent. According to the data released on Wednesday by the National Statistics Office, the GDP growth rate in the April-June quarter of the previous financial year (2021-22) was 20.1 percent. The GDP growth rate was 8.4 percent in the July-September quarter of 2021, 5.4 percent in October-December and 4.1 percent in January-March 2022.
Related India News
Adani's problems may increase,Moody says will be problems in raising money; Finance Secretary says – ‘This is a tea cup storm’
jpradhan@efastmail.in
Moody's Investors Service on Friday warned that the group's ability to raise capital could be affected by a sharp drop in shares of Adani group companies. However, another rating agency, Fitch, said its rating of Adani's companies would not be affected yet.
American resea....
Gautam Adani no longer even in top 20 richest people, fallen sharply from $124 billion on 17 Jan to $61.3 billion
jpradhan@efastmail.in
Gautam Adani's troubles are not seizing after the Hindenburg report, the shares of Gautam Adani's companies are continuously falling. Shares of Adani Enterprise Limited, the most prestigious and flagship company of Adani Group, fell up to 35% on Friday . If we look at the....
FCI sells over nine lakh tonnes of wheat in two days of e-auction
Food Corporation of India has sold over nine lakh tonnes of wheat in two days of e-auction. FCI has offered 22 lakh tonnes of wheat for e-auction from the Central pool to the market through various routes under the Open Market Sale Scheme.
Consumer Affairs Ministry said, this was done to addre....
Ganga Vilas cruise a momentous development, shows power of river systems to connect India & Bangladesh- High Commissioner Pranay Verma
Ganga Vilas river cruise is a momentous development that shows the power of the river systems to connect India and Bangladesh and its people, says the High Commissioner of India to Bangladesh Pranay Verma.
Ganga Vilas, the world’s longest river cruise of over 3200 kilometres, is set to a....
LS Ministers provide written replies about govt initiatives on PMBJK, Remote Electronic Voting Machine & others
Around three lakh cases in High Courts and over 6 lakh 71 thousand cases in District and Subordinate Courts are pending for more than 20 years.
This was informed by Law and Justice Minister Kiren Rijiju in a written reply in the Lok Sabha quoting data retrieved from the Integrated Case Managem....
Top News
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Joranada mela begins in Dhenkanal -
Adani's problems may increase,Moody says will be problems in raising money; Finance Secretary says – ‘This is a tea cup storm’ -
Gautam Adani no longer even in top 20 richest people, fallen sharply from $124 billion on 17 Jan to $61.3 billion -
Dhenkanal: Masked men loot jewellery worth Rs.1 crore, Rs 5lakh cash at gunpoint from Odisha Gramya Bank in Mahabirod -
Couple leaves baby at check-in counter of airport,then what happened next -
Both houses of Parliament adjourned till afternoon, opposition demands discussion on JPC in Adani case -
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Big blow to BJP in Nitin Gadkari and Devendra Fadnavis' home constituency -
After 28 months of long fight Kerala journalist Siddique Kappan released from UP jail -
Budget 2023: New Vs Old Tax Regime - Know How Much You Can Save -
Union Budget 2023: What's Cheaper, What's Costlier? -
Nirmala Sitharaman Budget 2023 : Read 10 big budget announcements in a minute
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