The CEA Nageswaran confirmed at this moment there is nothing to worry about the 2023-2024 budget’s 5.9 pc fiscal target. There is no concern for the rising prices of crude. According to Nageswaran, the growth of the Indian GDP matches the expectation.
RBI and the government together take measures so that they can maintain a sufficient supply and there is no concern related to inflation. The arrival of new food stock according to the measurements of the government will solve the food inflation problem.
CEA will watch over the factors that were influenced by the lack of rain in August. Chief economic advisor V Anantha Nageswaran shares GDP numbers with the media – as per the data there is a 3.5% growth in the agriculture department and the manufacturing sector recorded a growth of around 4.7%.
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