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5 ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited), predicts that India’s Gross Domestic Product ÌGDP growth may have slowed to under 6% in the third quarter (Q3) of FY 2024 (October to December 2023) from 7.6% in the second quarter (Q2) of FY 2024. This downturn is primarily attributed to a significant decline in the output of
xi.Capex-FD ratio: • The ratio of capital expenditure to Fiscal Deficit (Capex-FD) is estimated at 56.0% in BE 2023-24 as compared to 41.5 % in RE 2022-23. • The ratio measures the extent of borrowed resources used for financing the capital expenditure of the government (govt). Vision for Amrit Kaal – an empowered and inclusive economy: Jan Bhagidari through Sabka Saath Sabka Prayas became essential to achieve the
· Employment levels have risen in FY23, as the Periodic Labour Force Survey (PLFS) shows that urban unemployment rate for people aged 15 years and above declined from 9.8% in the quarter ending September 2021 to 7.2% in quarter ending September 2022. · There is also improvement in labour force participation rate as well confirming the emergence of the economy out of the pandemic induced
