Search results
Results From The WOW.Com Content Network
The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. [3] The first budget of India was presented on 18 February 1860 by Scotsman James Wilson. [4]
The economy of India is a developing mixed economy with a notable public sector in strategic sectors. [5] It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 141th by GDP (nominal) and 125th by GDP (PPP) . [ 58 ]
In April 2020, the World Bank and rating agencies downgraded India's growth for fiscal year 2021 with the lowest figures India has seen in three decades since India's economic liberalization in the 1990s. [193] [194] On 12 April 2020, a World Bank report focusing on South Asia said that India's economy is expected to grow 1.5% to 2.8% for FY21 ...
Owned by The Times Group, The Economic Times began publication in 1961 and it is sold in all major cities in India. As of 2023, it is the world's second-most widely read English-language business newspaper, after The Wall Street Journal, [4] with a readership of over 900,000.
Composition of India's total production of foodgrains and commercial crops, in 2003–04, by weight. India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 18.6% of the GDP in 2005, employed 60% of the total workforce [13] and despite a steady decline of its share in the GDP, is still the largest economic sector and plays a ...
The WPI measures the price of a representative basket of wholesale goods. In India, this basket is composed of three groups: Primary Articles (22.62% of total weight), Fuel and Power (13.15%) and Manufactured Products (64.23%). Food Articles from the Primary Articles Group account for 15.26% of the total weight.
Despite economic growth during recent decades, India continues to face socio-economic challenges. In 2006, India contained the largest number of people living below the World Bank's international poverty line of US$1.25 per day. [342] The proportion decreased from 60% in 1981 to 42% in 2005. [343]
Finance minister allocated Rs. 1.1 lakh crore of which Rs. 1.07 lakh crore is for capital spending, the government has planned make Indian Railways future Ready by 2030s, Electrify all Broad Gauge lines by December 2023, Add vistadome coaches in Tourist Routes, Use Indigenously developed automatic train protection system and proposed three new ...