Latest current affairs · 29 Sep
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Latest current affairs29 Sep
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Shifts in GDP Growth of India and Business Expectations

1 min read
RBI ESINABARD ESISEBI
  • GDP Growth Deceleration
    • Q1 FY25: 6.7%
    • Q2 FY25: 5.4%
    • Despite the slowdown, the government remains optimistic, with an average GDP growth of 8.3% over the past three years.
  • Focus Areas for Growth
    • Continued government investment in infrastructure and fiscal measures to boost disposable income and consumption.
      • Disposable income is the amount of money an individual or household has left after paying taxes and other compulsory payments to the government.
  • Recommendations
    • Advocate for the development of infrastructure.
    • Tax benefits for the salaried class and more incentives for new investments.
    • Hassle-free business transactions and reduced compliance burdens.
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