CII president asserted that the country must pursue bilateral trade pacts with key trading partners to protect national interests in the backdrop of increasing trade barriers
"The month saw impressive milestones being reached, substantial growth in GST collections, and a significant rise in e-way bill generation, which points to an overall increase in economic activity. The stock market indices also reached record highs in July," the report states
Union Coal and Mines Minister G Kishan Reddy termed the Union Budget progressive and futuristic and stated that the budgetary proposals and allocations would propel India into becoming a $5 Trillion economy.
Concerns have been raised about the exploitation of unemployed youth and financially stressed individuals in India due to the increase in illegal activities facilitated by Chinese loan apps.
A pick-up in capex is expected to become more broad-based in FY25, led by marginally moderate public capex but higher private corporate capex after elections, Jain said.
In an initial boost to the PM's idea and a validation of sorts to his demonetisation announcement, the Reserve bank of India soon said that 98 per cent of the scrapped notes were returned to the banking system.
Annual retail inflation, called CPI or consumer price index, rose 5.02 per cent in September from 6.83 per cent in the previous month on the back of softer vegetable prices, according to data released by the National Statistical Office