Deloitte India, in a report on Monday, said India's economy is expected to grow at 7-7.2% in the current fiscal year driven by robust economic fundamentals and continuity in domestic policy reforms.
The GeM's expansion into the services sector has played a pivotal role in driving its accelerated adoption.
As per the Ministry of Finance, as of 12/07/2023, 49.49 crore accounts were opened under the scheme holding deposits worth Rs 2,00,958 crore.
Nirmala Sitharaman will present a statement in the Lok Sabha on Friday showing first batch of supplementary demands for grants for the current fiscal.
The finance minister in Budget 2020-21 had pegged the gross market borrowing, which is also a reflection of fiscal deficit, at Rs 7.80 lakh crore for the current fiscal.
The report said that the percentage of respondents expecting low or static production is 59 per cent in the first quarter of 2019-20, which was 46 per cent in the previous quarter.
"Despite increasing global protectionism, exports will continue to register healthy growth rates and is expected to touch $billion in the current fiscal (2018-19)," he said
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