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: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System
- GST: India’s Grand Federal Bargain Becomes Imperfect Political Compromise After Eight Years
- GST 2.0 Boosts Bengal’s Economy with Rate Cuts on Local Goods and Industries
