Currencies:
RUB/USD 0,0102
0,0001
BRL/USD 0,1727
0,0005
INR/USD 0,1189
0,0000
CNY/USD 0,1403
0,0001
ZAR/USD 0,5726
0,0063
Weather:
Moscow 3 °C
Brazilia 23 °C
New Delhi 25 °C
Beijing 2 °C
Pretoria 20 °C
Cairo 23 °C
Tehran 14 °C
Abu Dhabi 30 °C
Menu
Broadcast «BRICSreport»
3 °C
Moscow
23 °C
Brazilia
23 °C
New Delhi
2 °C
Beijing
20 °C
Pretoria
23 °C
Cairo
14 °C
Tehran
30 °C
Abu Dhabi
RUB/USD
0,0102
0,0001
BRL/USD
0,1727
0,0005
INR/USD
0,1189
0,0000
CNY/USD
0,1403
0,0001
ZAR/USD
0,5726
0,0063
TV BRICS Apps
Home
News
Videos
Podcasts
Menu
17:00 «BRICSreport»
17:00 «BRICSreport»
Now 16+
17:00

«BRICSreport»

It is indicated Moscow time in the programme. Please take into account the time difference with your time zone.
17:20 «BRICSterview»
Next
17:20

«BRICSterview»

16+
17:50

«One belt, one road: from past to future»

16+
18:20

«Check List»

16+
Иконка с часами 20 minutes 52 sec.
Dr. H. C. Amor Maclang: "Countries of the BRICS and the Global Digital Majority began to determine their own financial future"
Иконка с часами 20 minutes 40 sec.
Minggao Ouyang, Chinese scientist: “It’s a very good time for me to do something for society and change technology”
Иконка с часами 20 minutes 15 sec.
Dragan Fimon, Serbian film director: "Theater and film festivals help strengthen cultural exchange between the BRICS countries"
02.11.2415:21 Culture
TV BRICS wins award with mining documentary at MineMovie festival
01.11.2416:27 Culture
Documentary film about the BRICS+ actors' fellowship at GITIS to premiere in Russia
28.10.2411:18 Society
Joint projects of Russian and South African entrepreneurs to be supported in the BRICS+ media space
India
02.02.24 15:35
Economics

India's Finance Ministry: The country's economy to grow by 7 per cent in the next financial year

This forecast has been made on the basis of strong domestic demand

The Indian economy will grow at around seven per cent in the financial year 2024-25. This was stated in the Finance Ministry's monthly review report.

The Indian economy grew at 7.2 per cent in 2022-23 and 8.7 per cent in 2021-22. The Indian economy is expected to grow at 7.3 per cent in the current financial year (2023-24). This will enable it to remain the fastest growing economy.

The resilience of domestic demand – private consumption and investment is attributed to reforms and measures taken by the government over the last 10 years, said a report released by the Department of Economic Affairs.

However, there is significant scope for the growth rate to be well above seven per cent by 2030, the report said: "Rapidly evolving digital infrastructure is constantly making institutions more efficient. Technological advances are gaining momentum along with increased co-operation with foreign partners in the production of goods and services. Decisive steps have been taken to accelerate human capital formation. Finally, the overall investment climate is becoming increasingly favourable due to continued ease of doing business."

In the next three years, India will become the third largest economy in the world with a GDP of five trillion US dollars, the report claimed.

India can become the economy with a GDP of seven trillion US dollars in the next six to seven years (by 2030). This is reported by ANI, a partner of TV BRICS.

Photo: IStock
Short
and to the point
Once a week we will cover news in the BRICS countries
By clicking on the "Subscribe" button, you agree to the processing of personal data

MORE ON THE TOPIC

06.11.2415:35 Economics
Iran’s nanoproduct exports surge by 110%
05.11.2417:12 Economics
Vietnam becomes 5th largest tea exporter in the world
05.11.2408:31 Economics
South African government funds 35 companies to participate in this year's China International Import Expo
02.11.2416:45 Economics
China unveils one of world's largest manganese deposits with over 200 million metric tonnes of potential reserves
02.11.2412:26 Economics
Brazil’s offshore fields' production accounts 97.6% of the country's total output
02.11.2412:04 Economics
India's coal production reaches 84.45 million tonnes in October 2024
01.11.2417:35 Sport
Sport cooperation between BRICS member countries
25.10.2414:17 Culture
Russian President's Special Representative, Mikhail Shvydkoy: art creates atmosphere of trust for discussing international issues
18.10.2421:05 Society
What to expect from BRICS summit in Kazan?
Short
and to the point
Once a week we will cover news in the BRICS countries
By clicking on the "Subscribe" button, you agree to the processing of personal data