HomeWorldIndiaBudget 2023 Live Updates: New income tax regime made ‘attractive’ with more...

Budget 2023 Live Updates: New income tax regime made ‘attractive’ with more rebate limit, less slab rates

Chief Economic Adviser V. Anantha Nageswaran with for him team The Economic Survey 2022-23 presents during a press conference, in New Delhi, Tuesday, January 31, 2023 (PTI Photo)

the latest Developed an economic study out Not just the growth weather forecast for the current financial year (2022-23) however also comment on the growth prospects in coming financial year (2023-24). she has also Share her review of course of inflation and unemployment rate in Country. here key Takeaway:

The survey mentions that India growth appreciation for Fiscal year 23 is higher from for Almost all major economies. in factSurvey indicated out that India growth Slightly above average growth of Indians economy in Contract leading up to the epidemic.”

The survey forecasts primary GDP growth of 6.5 percent in real terms in FY24. “The projection is broadly comparable to estimates provided by multilateral agencies such as the World Bank, International Monetary Fund, Asian Development Bank and Reserve Bank of India, domestically,” the report says.

Given the current situation, the Reserve Bank of India has expected headline inflation to be 6.8 percent in fiscal year 23. That is outside The RBI’s comfort zone, which is between 2 percent and 6 percent. Considered high inflation one big worker carrying back the demand among Indian consumers. However, the survey appeared optimistic about the levels and trajectory of inflation.

While factors like what happens in the rest of the world economyUS Federal Reserve Bank decisiongeopolitical uncertainty, and way Stock markets may react outside The government’s control, the union’s budget can play a big role in Install the ship.

Union budget must come through on emphasis key Metrics, from budget numbers to revenue deficits. Read how To evaluate the Union budget here.

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Sallie Anderson
Sallie Anderson
Sallie works as the Writer at World Weekly News. She likes to write about the latest trends going on in our world and share it with our readers.

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