All-India average prices have gone up by 7-8% to Rs 384-386 per 50 kg in October
Lower prices, revival in economy and easing of Covid restrictions favour brisk sales
A gradual fiscal consolidation will further boost the sentiment, say analysts
Chief Economic Advisor Krishnamurthy Venkata Subramanian, is confident in India's economic potential and stated that he expects India's GDP near 7%.
In the meeting, the officials highlighted the upward movement of the growth in GDP in June 2021 and also the fiscal deficit and borrowing numbers
The expenditure incurred on these projects till August 2021 stood at Rs 12,52,298.40 crore, which is 47.49% of the expected cost of the projects
The SBI Financial Stability Index reflecting all the surplus liquidity and credit spreads were at the highest level in August 21 since April 20.
The report which is based on the 'nowcasting' model, stated that the forecasted GDP growth for Q1 FY22 would be around 18.5%.
IT, communication services, power, pharma and FMCG sector did not witness their wage bills contracting in any quarter of FY21, the report said
When the economy was liberalised 30 years ago, the aim was to reduce concentration of economic power among companies and individuals