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​Growth chill: On the economy

The National Statistics Office (NSO) has confirmed emerging fears about the economy’s evidently sluggish trajectory through this year in its first Gross Domestic Product (GDP) estimates for 2024-25. While the election-focused first quarter hit public capital spending, the second quarter (Q2) was marred by weak demand and still underwhelming public capex, dragging GDP growth to…

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Congress suggests relief in income tax for the middle class, MSP for farmers, and income support for the poor in upcoming Union budget

 Congress leader Jairam Ramesh. File. | Photo Credit: Shashi Shekhar Kashyap The downward revision of Gross Domestic Product (GDP) growth estimates for the current fiscal provides a gloomy backdrop to the upcoming Union budget, and needs radical action to dispel “the cloud of growth slowdown and investment chill” in the country, the Congress said on…

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