As an indication of the stability of the economy GDP in the third quarter Union Finance Minister Nirmala Sitharaman has said twice.
In the third quarter of the current fiscal year, growth from October to December was revealed yesterday. Accordingly, India’s GDP growth stood at 7.7%. That’s up 0.2 percent from the previous quarter. The third quarter did not expect GDP to rise or fall, with the third-quarter growth currently underway, The economy He said sustainability is a sign of growth.
India is in a serious economic crisis. Manufacturing has been affected due to reduced human consumption. Companies are reluctant to invest in India because of the current political situation in India. The results are Indian The economy The trend is slowing down. Growth in the first quarter of the current fiscal stood at five percent and in the second quarter by four and a half percent. This is a 4.7 percent decline in the third quarter. Although this is a slight increase over the previous quarter, it is much lower than the GDP for the same period last fiscal. 25DP-1. In the third quarter of the financial year, GDP increased by 6.6%.
Similarly, the country’s revenue deficit has increased. The central government has set a target of 6.5 percent for the current fiscal. That target has now been increased to 9.5 percent. Accordingly, the deficit for the entire financial year is kept at 7. lakh6 lakh crore. However, the revenue deficit for the last six months is Tk 1.5 lakh crore.
With the spread of the Coyote-1 virus, it is believed to have an impact on the Indian economy as well. He said that if the virus continued, the supply of Indian companies would be affected by the government’s steps to ensure that the supply was not harmed.
He advised banks to give adequate credit to all sectors like retail, agriculture and agriculture.