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As On 19-Aug-2022 15:59 PM
SENSEX
59,646.15
-651.85 (-1.08%)
NIFTY
17,758.45
-198.05 (-1.10%)
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  • Buoyancy to tax revenues will help ramp up capital spending

    Chandrajit Banerjee, Director General, Confederation of Indian Industry (CII)

    The Economic Survey’s GDP growth forecast of 9.2 per cent for this year and 8-8.5 per cent for next year will catapult India as the fastest growing major economy of the world for two consecutive years. The strong growth momentum experienced this year has lent buoyancy to the tax revenues which will help to ramp up capital spending, thus exerting a multiplier impact on rest of the sectors and supporting growth in the next fiscal too. With the continuation of the impressive reforms’ agenda coupled with aggressive push on trade, the Indian economy can reach the GDP target of US$5 trillion by 2026-27.

    The Economic Survey has rightly considered vaccination as a macro- economic parameter. India’s highly successful vaccination drive has been a big protection and a confidence booster. We believe that going forward continued reforms, focus on capital expenditure, continuous strengthening of our healthcare systems and the micro containment strategy to ensure minimal supply chain disruptions, will all act a booster dose to the economy, enabling India to grow at sustained high rates. We look forward to the forthcoming budget to focus on these areas.



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Flash News 19-Aug-2022
  •  ( 14:43) Realty stocks edge lower  
  •  ( 14:43) Barometers trade with deep cuts  
  •  ( 10:52) ICRA upgrades credit rating of Greenpanel Industries  
  •  ( 09:23) Wipro bags multi year contract from HM Treasury  
  •  ( 08:48) Asian stocks trading mixed  
  •  ( 08:01) Metropolis Healthcare relieves CEO Vijender Singh  
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19 August 2022 16:01
3482.30
(-1.51 %)
758.90
(-0.79 %)
7301.20
(-2.53 %)
16292.85
(-3.08 %)
732.35
(-0.12 %)
4199.95
(-0.61 %)
2460.85
(-1.45 %)
969.45
(-0.45 %)
1493.45
(-1.19 %)
2633.00
(-1.79 %)
870.35
(-1.66 %)
1062.85
(-3.82 %)
1597.40
(0.93 %)
312.20
(-1.03 %)
1877.35
(-1.40 %)
1935.85
(2.20 %)
1239.15
(-1.75 %)
8777.50
(-1.81 %)
19405.55
(-0.82 %)
157.80
(-1.84 %)
227.75
(-1.49 %)
2613.60
(-1.77 %)
520.40
(-2.25 %)
901.80
(-1.52 %)
110.00
(-2.27 %)
3385.25
(0.12 %)
1103.60
(-0.15 %)
2439.65
(-1.55 %)
6649.95
(-0.79 %)
432.80
(-0.51 %)
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