Economists are now predicting of lower than 9.2% economic growth in financial year 2021-22. The third quarter has been hit by Omicron wave and expansion as expected could not take place. Economic growth is expected to be lower in Q3 and Q4 as compared to Q1 and Q2 of current fiscal. According to RBI, economic recovery from the pandemic still remains incomplete and uneven and it will be crucial to have continued support from various policies for a sustained economic recovery.
Soure Taxguru
Latest Posts in "India"
- Supreme Court Rules: “Parts” Must Functionally Integrate into Machinery, Rejecting End-Use Claims
- Centre to Consider Panel’s GST Recommendations on Air Purifiers, Tells Delhi High Court
- Sunglasses Not Classified as Spectacles, Taxable at Higher 12.5% VAT: Punjab & Haryana HC
- BMW Urges No GST Hike on EVs as Electric Car Sales Surge Over 200% in 2025
- Supreme Court: Hostel Rooms for Students Qualify as Residential Dwellings, GST Exempt
