What factors contribute to India's positive outlook for the next fiscal year as stated by the Finance Ministry
The Finance Ministry has expressed positivity regarding India’s outlook for the next fiscal year, what are the contributing factors?
- Strong economic recovery post-pandemic with GDP growth expected to be robust.
- Government's focus on infrastructure development and public spending to boost growth.
- Positive impact of structural reforms such as labor laws and agricultural reforms.
- Resilient domestic demand and improving consumer sentiment.
- Robust foreign direct investment (FDI) inflows signaling confidence in the Indian economy.
- Stable inflation outlook and accommodative monetary policy supporting growth.
- Progress in vaccination drive aiding in controlling the pandemic and boosting economic activities.
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a year ago