Finance Minister Nirmala Sitharaman will present India's Economic Survey on Monday, an annual report that provides indicators of possible policy changes in the 2024-2025 budget scheduled to be submitted to Parliament on Tuesday.
The annual government report reviews gross domestic product growth and inflation over the previous year and provides data on industry, agriculture, employment, prices and exports.
A brief economic review tabled in January, before the general election held from April to June, said that India could become a $7 trillion economy by 2030.
Prime Minister Narendra Modi pledged to speed up economic growth after winning a third consecutive term.
However, his policy decisions could be influenced by partners in the National Democratic Alliance government after his Bharatiya Janata Party failed to win a majority.
Many commentators have said unemployment, high taxes, inflation and growing economic disparity are reasons for the BJP's poor performance after sweeping back-to-back polls in 2014 and 2019.
Ms Sitharaman, who will be presenting her seventh budget on Tuesday, is under pressure to introduce income tax relief for the salaried class, lower the cost of housing loans, announce a cash transfer scheme for poor urban women and increase spending on welfare schemes.
She presented an interim budget on February 1.
Mr Modi's government is expected to continue building public infrastructure to stimulate economic growth and create jobs, with billions of dollars spent since 2014 on upgrading motorways, waterways, airports and railways.
In the past four years, the government has opened freight corridors and launched high-speed train services, opened seven airports and laid the foundations for 15 new airport terminals and more than 35 million homes for the poor.
However, Mr Modi had failed to deliver on economic promises made during the 2019 election, including the creation of 10 million jobs.
The country of 1.4 billion people is facing a job crisis, with the unemployment rate hovering around 8.1 per cent in April, according to Centre for Monitoring Indian Economy.
T20 World Cup Qualifier, Muscat
UAE FIXTURES
Friday February 18: v Ireland
Saturday February 19: v Germany
Monday February 21: v Philippines
Tuesday February 22: semi-finals
Thursday February 24: final
Ticket prices
- Golden circle - Dh995
- Floor Standing - Dh495
- Lower Bowl Platinum - Dh95
- Lower Bowl premium - Dh795
- Lower Bowl Plus - Dh695
- Lower Bowl Standard- Dh595
- Upper Bowl Premium - Dh395
- Upper Bowl standard - Dh295
All%20We%20Imagine%20as%20Light
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A timeline of the Historical Dictionary of the Arabic Language
- 2018: Formal work begins
- November 2021: First 17 volumes launched
- November 2022: Additional 19 volumes released
- October 2023: Another 31 volumes released
- November 2024: All 127 volumes completed
The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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The Birkin bag is made by Hermès.
It is named after actress and singer Jane Birkin
Noone from Hermès will go on record to say how much a new Birkin costs, how long one would have to wait to get one, and how many bags are actually made each year.
The specs
Engine: 3-litre twin-turbo V6
Power: 400hp
Torque: 475Nm
Transmission: 9-speed automatic
Price: From Dh215,900
On sale: Now
What is double taxation?
- Americans living abroad file taxes with the Internal Revenue Service, which can cost hundreds of dollars to complete even though about 60 per cent do not owe taxes, according to the Taxpayer Advocate Service
- Those obligations apply to millions of Americans residing overseas – estimates range from 3.9 million to 5.5 million – including so-called "accidental Americans" who are unaware they hold dual citizenship
- The double taxation policy has been a contentious issue for decades, with many overseas Americans feeling that it punishes them for pursuing opportunities abroad
- Unlike most countries, the US follows a citizenship-based taxation system, meaning that Americans must file taxes annually, even if they do not earn any income in the US.
Company%20Profile
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Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
Famous left-handers
- Marie Curie
- Jimi Hendrix
- Leonardo Di Vinci
- David Bowie
- Paul McCartney
- Albert Einstein
- Jack the Ripper
- Barack Obama
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The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5