Centre seeks Parliament approval for extra Rs 86,730 crore spending in FY25

Quick Summary:

The net additional spending, as stated by the government, amounts to Rs 44,183 crore for the financial year ending March 31.

Corporate performance also lagged, as leading firms reported their weakest quarterly earnings in over four years, dampening investment sentiment.

While economists had anticipated a deceleration to 6.5 per cent, the economy fell short of expectations, reaching a near two-year low.

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Category: BusinessFinance

Markets: India

Topics: GDP growth Economic recovery Parliament approval Manufacturing Fiscal year Mining sector FY25 Reserve Bank of India Finance ministry additional spending Inflation Corporate earnings Economic slowdown Agricultural output ICRA Private consumption Retail food prices

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 15:02:25 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 351 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24373380

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