According to economic data released by National Statistical Organizations (NSO) yesterday, our economy has expanded at its fastest pace @ 13.5% in Q1 of 2022-23, backed by positive base effect and robust growth in agriculture, services, construction and consumption. This growth of 13.5% is lower than what Reserve Bank of India had projected i.e., 16.2%. Investment continued to rise with Government spending on capital expenditure. Growth in agriculture is 4.5 while as services grew by over 17 percent in Q1 of current year.
Source Taxguru
Latest Posts in "India"
- Understanding GST Vouchers: Classification, Tax Implications, and Key Distinctions from Discounts and Services
- IMF Economist Urges India to Adopt Single GST Rate and Direct Revenue Redistribution to Citizens
- BJD Urges Odisha Government to Cut VAT on Petrol, Diesel Amid Global Fuel Crisis Concerns
- Strategic Management of GST Credit Notes: Compliance, Timing, and Tax Implications for Finance Leaders
- Himachal Pradesh Assembly Approves VAT Bill, Permits Up to ₹5 Cess on Petrol, Diesel
