Question
Which of the following statement/statements is/are
CORRECT regarding the CRISIL's prediction on the Indian economy? Statements: 1. The Indian economy is expected to grow at an average rate of 6.7 per cent per annum until the end of the decade. 2. The government increased capital expenditure significantly to support building expenditure and providing interest-free loans to states. 3. According to CRISIL, the inflation level of 5.7 per cent in December 2023 was driven solely by volatile vegetable prices and foodgrain inflation.Solution
According to CRISIL, The Indian economy is expected to grow at an average rate of 6.7 per cent per annum until the end of the decade. • The economy will grow at this rate between the financial years 2024 to 2031, a notch above the pre-pandemic average of 6.6 per cent. • According to CRISIL, the key contributor to this trend will be capital. • The government increased capital expenditure significantly to support building expenditure and providing interest-free loans to states to bolster their own investment efforts, the report said. •After a robust 7.3 per cent growth this fiscal, there will be moderation to 6.4 per cent in the next financial year. • In India, the inflation level of 5.7 per cent in December 2023 was driven solely by volatile vegetable prices and foodgrain inflation. Learn Along: About CRISIL Headquarters: Mumbai Founded: 1987
It is essential to standardize the accounting principles and policies in order to ensure
A firm in India has to pay €5 million in 3 months. They expect the rupee to depreciate against the euro. Which of the following hedging tools will bes...
An importer based in India has a large payment to make in EUR after 2 months. To reduce exchange rate risk, the firm buys a European Call Option with a ...
An Indian company receives a large export order payable in USD after 6 months. The management fears rupee appreciation in this period. To hedge the risk...
A company revalues its foreign currency receivable at the closing rate on balance sheet date. Under which Ind AS is this required?
Beta Ltd., an Indian company, operates a 100% subsidiary in the UAE. The subsidiary manufactures and sells products only in the Gulf region, incurs cost...
An Indian exporter receives a payment of USD 50,000 when the exchange rate is ₹83/USD. At the year-end, the rate drops to ₹80/USD and the amount is ...