Sitharaman said that the next year's increase would be somewhere between 8% and 9%, with a range of 7.5 to 8.5%.
In the April to August period this year, IIP increased by 28.6%, as against a 25% contraction in the corresponding period last year
Since the covid curbs have been lifted, Indian economy has made a strong comeback, with a majority of economic indices showing signs of improvement
When it came to overall expenditure, households have reported an increase, due to a higher spending on essential items
Rural consumption up 58%, compared to 28% in urban areas
The finance secretary also downplayed concerns about the taper tantrum or the impact of the withdrawal of excess liquidity in developed markets.
On October 13, the finance ministers of G-20 countries are scheduled to meet in Washington and finalise the minimum tax deal
With the onset of festive season, many would be travelling, which is great for the aviation, tourism & hospitality sector, said Andrew Holland.
The potential liquidity overhang amounts to more than Rs 13 lakh crore
India's economy was $2.7 trillion in 2019, and by the end of March 2022, the country would be at the same level.