Infrastructure development is critical for improving India’s manufacturing competitiveness and achieving higher growth. Despite India’s significant infrastructure investments (about 35% of GDP), the government estimates that it requires US$1.5 trillion in infrastructure investments over the next decade.
A V-shaped recovery is characterized by a quick and sustained recovery in measures of economic performance after a sharp economic decline.
According to Article 112 of the Indian Constitution, the Union Budget of a year is referred to as the Annual Financial Statement (AFS). It is a statement of the estimated receipts and expenditure of the Government in a financial year.
GDP is the sum of the final prices of goods and services produced in an economy during a given period. In simple terms, GDP is defined as a measure of the value of economic activity within a country. GDP is a measure primarily used as a yardstick to gauge the growth of a country.
