The report said that gross fiscal deficit (GFD) is budgeted to decline from 4.1 per cent of gross domestic product (GDP) in 2020-21 to 3.4 per cent in 2022-23.
Nominal GDP or GDP at current prices in the year 2022-23 is estimated at Rs 273.08 lakh crore, as against the provisional estimate of GDP for the year 2021-22 of Rs 236.65 lakh crore released on May 31, 2022.
The net corporate tax collection was Rs 7.12 lakh crore in 2021-22 while GDP was at Rs 236.64 lakh crore at current market price. The percentage of net corporate tax to GDP is 3.01 per cent. This ratio was the highest in 2018-19, according to data of corporate tax collection for a span of fi
The growth of the defence budget is connected with the government's decision to ensure an increase in defence spending to 2 per cent of the country's gross domestic product by 2027, which is approximately 11 trillion yen per year.
According to the provisional estimates released by National Statistical Office (NSO) on Wednesday, the GDP for the preceding April-June quarter (Q1) of 2022-23 saw a 13.5 per cent growth.
The National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation will come out with the data on the quarterly estimates.
Ghosh said as percentage of gross domestic product (GDP), CIC was now at 11.8 per cent, less than 12.1 per cent in FY16 and significantly lower than the nominal GDP growth. He also added that it is an absurdity in quoting absolute numbers of currency in circulation (CIC) then and now.
Kabul [Afghanistan], October 21 (ANI): While Afghanistan continues to remain under the grip of an economic and humanitarian crisis, the World Bank in its recent development update stated that the country's real gross domestic product (GDP) is projected to contract further in 2022.
New Delhi [India], October 21 (ANI): India suffered an income loss of 5.4 per cent of Gross Domestic Product (GDP), the highest among the G20 nations in 2021, according to the new report of Climate Transparency.
Mumbai (Maharashtra) [India], September 29 (ANI): India's current account deficit (CAD) widened to $23.9 billion or 2.8 per cent of the country's gross domestic product (GDP) in April-June period of the current financial year from $13.4 billion recorded in the previous quarter, as per data r
New Delhi [India], September 19 (ANI): The government is aiming to trim India's elevated logistics costs by as much as five percentage points by 2030 from the current 13-14 per cent of gross domestic product (GDP) to 8-9 per cent of the GDP, according to Department for Promotion of Industry
New Delhi [India], September 1 (ANI): Powered by a favourable base effect, India's gross domestic product (GDP) grew 13.5 per cent in the first quarter of the current financial year (April-June) as compared to 4.1 per cent in the previous quarter, according to the official data released on W