India Gdp News

Did you know LPG cost in India is highest in world at PPP, petrol 3rd, and diesel 8th

Did you know LPG cost in India is highest in world at PPP, petrol 3rd, and diesel 8th

New Delhi: In terms of purchasing power parity, India has the world’s highest per-litre cost of LPG, the third-highest cost of petrol, and the eighth-highest cost of diesel in their domestic market. External factors like higher prices in other countries, and a bigger increase in pricing elsewhere have all been cited as reasons for the price increase. So, why does it appear that energy prices are pinching us more? It is because price comparisons based on the nominal exchange

RBI projects India’s GDP growth rate at 10.5% for FY22

RBI projects India’s GDP growth rate at 10.5% for FY22

New Delhi: The Reserve Bank of India (RBI) on Thursday projected India’s gross domestic product (GDP) rate at 10.5% for Financial Year 2022, though country’s economy is limping due to devastating Coronavirus pandemic. RBI’s Monetary Policy Committee had projected this estimate during the policy announcement in April. Last month, the