Recent data arrivals indicate that the first milestone of monetary policy is being passed bringing inflation into the tolerance band, said the article titled 'State of the Economy published in the January bulletin of the RBI.
The objective during 2023 is to tether inflation therein so that it aligns with the target by 2024 the second milestone, the said the article auhtored by a team lead by RBI Deputy Governor Michael Debabrata Patra.
"At current prices and exchange rates, therefore, India will be a USD 3.7 trillion economy in 2023, maintaining its lead over the UK as the fifth largest economy of the world," it said.
According to the IMF's calculations, India will move into fourth place in 2025 and into the third place in 2027 as a USD 5.4 trillion economy.
Esta historia es de la edición January 20, 2023 de Millennium Post Delhi.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición January 20, 2023 de Millennium Post Delhi.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
Girls Outshine Boys In CBSE Class 10 And 12 Exams
Girls continued to outshine boys in the CBSE exams for Classes 10 and 12 while the pass percentage and number of students scoring above 90 and 95 per cent witnessed marginal increases from last year.
Gujarat knocked out from IPL after rain mars match
Gujarat Titans' hopes of qualifying for the Indian Premier League play-offs was dashed on Monday as rain washed out their must-win match against Kolkata Knight Riders here without a ball being bowled.
'Rising no. of skilled nurses seek overseas opportunities despite domestic demand'
Demand for skilled nurses is projected to grow by 17-18 per cent by 2027 in the country
Centre plans to make anti-fake review rules mandatory for all e-commerce companies
The government is considering to make it mandatory for e-commerce companies to comply with quality norms for consumer reviews after a voluntary push failed to effectively curb fake reviews, a top official said on Monday.
India extend $50 mn budgetary support to Maldives
In a goodwill gesture, India has decided to extend vital budgetary support to the Maldives with the rollover of a USD 50 million Treasury Bill for another year at the Maldivian government's special request, it was announced on Monday.
Benchmarks rebound on last-hour buying, Sensex closes up 111 points
Benchmark Sensex and Nifty staged a dramatic rebound on Monday to settle higher following buying in HDFC Bank, ICICI Bank and Tata Consultancy Services.
‘Imports from FTA partners up 38% during 2019-24 fiscal years’
EXPORTS TO THE FTA PARTNERS ROSE 14.48% TO 122.72 BILLION
Misery deepens in Rafah as Israeli troops press operation
Aid workers are struggling to distribute dwindling food and other supplies to hundreds of thousands of Palestinians displaced by what Israel says is a limited operation in Rafah, as the two main crossings near the southern Gaza city remain closed.
Forest fires in Uttarakhand pose threat to rare Himalayan fauna, say experts
Cheer pheasant and other rare bird species face endangerment due to destruction of breeding habitats
CM Saini questions if Gandhi's heir has magic wand to eradicate poverty
Haryana Chief Minister Nayab Singh Saini said that the ongoing elections will decide the future of India.