Financial Solving
  • Home
  • Featured
  • Loans
    • Mudra
    • Instant Loan Apps
  • GST
  • Insurance
No Result
View All Result
Financial Solving
  • Home
  • Featured
  • Loans
    • Mudra
    • Instant Loan Apps
  • GST
  • Insurance
No Result
View All Result
Financial Solving
No Result
View All Result

Indian Economy will Grow by Double Digits in the next Financial Year

Financial Solving by Financial Solving
November 25, 2020
in News
0 0
0
Indian Economy
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter

On Wednesday Former Chief Economic Advisor Arvind Virmani said, “that the Indian economy is expected to contract 7.5 percent in the current financial year, but will see double-digit growth in the year 2021-22”. Addressing a virtual event organized by industry body PHDCCI, Virmani said that the central government has come up with some notable reforms, including Goods and Services Tax (GST), Insolvency and Bankruptcy Code (IBC) and Monetary Policy Committee (MPC) Includes installation.

The economic growth of the country needs to be accelerated again. The Indian economy is likely to contract by 7.5 percent in 2020-21. But it will increase in double digits in the next financial year.

Virmani also added that in 2009, he wrote that if India wants to continue economic growth, the pending reforms should continue, but his advice was not taken seriously.

Recently, Moody’s Investors Service revised its GDP forecast for India to a contraction of (-) 8.9 percent in 2020 as the economy re-emerges after a long and tight nationwide lockdown, but said that recovery is a little uneven.

The Reserve Bank of India has projected the Indian economy to contract at 9.5 percent in the current financial year, while the International Monetary Fund (IMF) and the World Bank have forecasted contractions of 10.3 percent and 9.6 percent respectively.

Virmani said that the increase in marginal income tax rates needs to be reversed. He also said that to reduce capital costs, India needed more financial sector reform. Our country needs an import substitution policy in China and a free trade policy in the rest of the world. According to Virmani India’s economic competitiveness needs to be increased so that protectionist policies need less and less.

Previous Post

IFSCA Notifies Global in-house Centers Regulations

Next Post

Taxpayers paid Rs 72,480 crore under the Vivaad Se Vishwas scheme

Financial Solving

Financial Solving

Financial Solving will help you to gain more knowledge in Stocks, GST, Loans, Banks, Latest News.

Related Posts

Taxpayers paid Rs 72,480 crore under the Vivaad Se Vishwas scheme

Taxpayers paid Rs 72,480 crore under the Vivaad Se Vishwas scheme

by Financial Solving
November 25, 2020
0

Sources in the Finance Ministry said that the Central Public Sector Units (CPSEs) and other taxpayers have paid tax of...

IFSCA

IFSCA Notifies Global in-house Centers Regulations

by Financial Solving
November 25, 2020
0

The Business and Economy IFSCA informs global in-house centers regulations this Wednesday. The International Financial Services Centres Authority (IFSCA) had...

Zomato IPO

Zomato engages Kotak Mahindra Capital and law firms for blockbuster IPO in 2021

by Financial Solving
November 8, 2020
0

Food delivery company Zomato and its investors are planning for a listing in India. If plans go accordingly it will...

WhatsApp Pay

WhatsApp Pay Finally gets Green Signal to Launch in India

by Financial Solving
November 8, 2020
0

BENGALURU: Popular messaging application WhatsApp has got the regulatory approval to launch on Unified Payments Interface (UPI) in a ‘graded...

HDFC

HDFC Bank names Ramesh Lakshminarayanan as new CIO

by Financial Solving
November 8, 2020
0

This is the first vital decision the bank took since the new CEO Jagdishan took charge last month. Ramesh Laxminarayaman...

Load More
Next Post
Taxpayers paid Rs 72,480 crore under the Vivaad Se Vishwas scheme

Taxpayers paid Rs 72,480 crore under the Vivaad Se Vishwas scheme

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

  • ICICI Bank

    How to Open a Zero Account Balance in ICICI Bank | Eligibility – Features

    0 shares
    Share 0 Tweet 0
  • SlicePay Credit Card, Pay Later Card Review, Apply, Interest Rate, Credit Limit, Features

    0 shares
    Share 0 Tweet 0
  • Flipkart Delivery Franchise (Courier Logistics) Apply Now: Investment, Profit

    0 shares
    Share 0 Tweet 0
  • HDFC Bank names Ramesh Lakshminarayanan as new CIO

    0 shares
    Share 0 Tweet 0
  • Ekart Logistic Franchise | Cost, Profit, Investment | How to Apply

    0 shares
    Share 0 Tweet 0

You might also like

Best Credit Cards in India

Top 20 Best Credit Cards in India | Eligibility, Limit, Reward Points with no Annual Fee

November 25, 2020
Taxpayers paid Rs 72,480 crore under the Vivaad Se Vishwas scheme

Taxpayers paid Rs 72,480 crore under the Vivaad Se Vishwas scheme

November 25, 2020
Indian Economy

Indian Economy will Grow by Double Digits in the next Financial Year

November 25, 2020
IFSCA

IFSCA Notifies Global in-house Centers Regulations

November 25, 2020
Ekart

Ekart Logistic Franchise | Cost, Profit, Investment | How to Apply

November 20, 2020
Amazon Flex

Amazon Flex Review | How to Apply For Flex, Signup, Pay, Locations in India

November 16, 2020

Financial Solving

We give you the latest financial news and market happenings on stocks, mutual funds everything regarding financials.

Tags

Amazon ATM Axis Bank Banks Car Insurance CIBIL CRED Credit Card EMI Finance Secretary Flipkart GST GST Calculator HDFC ICICI Instant Loan Insurance IPO Loan Apps Loan Restructuring Loans Mudra Loans Mukesh Ambani OTP Pan Card RBI SBI SBI ATM SlicePay Trading WhatsApp WhatsApp Pay Zomato

Stay Connected

  • Home
  • Privacy Policy
  • Contact us
  • About us

© 2020 Financial Solving.

No Result
View All Result
  • News

© 2020 Financial Solving.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In