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The Reserve Bank of India today released the February 2022 issue of its monthly Bulletin. The Bulletin includes the Monetary Policy Statement of February 10, 2022; one speech, four articles and current statistics.
The subsidy bills have been proposed as pandemic relief measures for the poor and an intense rise in global prices of chemicals.
The percentage of raw material, intermediate goods and capital goods imports from China rose in 2021 as compared to 2019.
The report highlights India’s earnings growth over the next three years.
India looks set to overtake France next year and then Britain in 2023 to regain its place as the world`s sixth-biggest economy.
The data released by the Ministry of Commerce and Industry says that the Wholesale Price Index (WPI) of India has seen a sudden spike of 2 per cent during the month of November.
India’s GDP is likely to grow more than 9.5% this year according to the SBI research report.
The rating agency expects India's real GDP growth to be average around 6% over the medium term, reflecting a potential activity recovery as conditions normalise.
The upcoming budget will be the fourth budget of the Modi 2.0 government and Finance Minister Nirmala Sitharaman.
The survey also indicates that in 2022, the information technology (IT) sector and life sciences sector are likely to offer higher increments.
International Monetary Funda (IMF) projected India's growth of 12.5 for fiscal year 2021-2022.
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