Business News

Datanomics: Subsidies weigh on GDP growth despite strong GVA expansion

FinSiddhi

India’s GDP grew 7.8% in Q1FY27, below 8.2% GVA growth as subsidies restrained net indirect tax growth, widening the gap between the two measures
Read more at the source

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.

Related Posts

BoB, BoI, PNB see 350 bps credit-deposit gap widen

Three major public sector banks – Bank of Baroda, Bank of India, and Punjab National Bank – are showing a significant gap between their credit and deposit growth, exceeding 350 basis points. While Bank of Baroda saw a sequential dip in both assets and liabilities, Bank of India and Punjab National Bank reported consistent expansion…

Swift car rams into parked truck on Jalandhar-Maksudan Bypass; 3 dead

Tragedy struck on Saturday morning when a swift car crashed into a stationary truck, resulting in the deaths of three individuals inside. The collision was severe, leading to the swift being wrecked beyond recognition, according to police sources. The truck driver absconded, prompting an ongoing investigation while traffic resumed on the highway soon after the…