New Delhi: The Finance Ministry asserts that despite the global recession, the Indian economy remains robust and stable. The Ministry attributes this strength to several factors, including sustained domestic demand, moderate inflation rates, consistent capital expenditure, and a rise in revenue collection. These points are emphasised in the ‘monthly financial review report’.
The growth in sales of consumer goods, including two-wheelers and three-wheelers, contributes significantly to overall economic growth. Various measures, like increased wages, increased minimum support prices, and the possibility of potential winter crop sowing, are aiding rural communities and farmers by increasing their incomes.
India’s growth performance up to March was better than that of several major economies, according to the Finance Ministry’s report. There has been substantial growth in public investment in infrastructure, alongside advancements in digital public infrastructure, marking progress compared to the past.
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