ADVERTISEMENT
Daily Expert News
No Result
View All Result
Thursday, March 23, 2023
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
Daily Expert News
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
No Result
View All Result
Daily Expert News
No Result
View All Result
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
ADVERTISEMENT
Home Business

Government looks at viable options to purchase cheaper crude oil: report

by Nick Erickson
April 7, 2022
in Business
Reading Time: 3 mins read
129 4
0
NDTV News
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


ADVERTISEMENT
ADVERTISEMENT

The government has said that GatiShakti will offset the effects of geopolitical tensions

While the geopolitical tensions caused by the conflict between Russia and Ukraine have not ceased and the economic consequences of the crisis are only gradually unfolding in the form of global food shortages and rising Brent crude prices, the government is exploring all viable options such as diversification of imports to buy crude oil at affordable prices”.

The economic overview for March 2022, released Thursday by the Ministry of Finance, states that to offset the effects of geopolitical conflicts, GatiShakti and production-related stimulus packages will stimulate investment, leading to a high recovery after recovery. growth for the Indian economy.

“Geopolitical conflicts and the resulting impact on food, fertilizer and crude oil prices”
a cloud over the growth prospects worldwide. India may feel its impact, although the magnitude will,
depends, of course, on how long the disruptions in the energy and food markets in the
fiscal year and how resilient the Indian economy is to mitigate the impact. Temporary shocks
may not have a major effect on real growth and inflation,” the report said.

“To offset this potential headwind, GatiShakti and Production Linked Incentive Schemes will”
boosting investment, which will be combined with supply chains strengthened by structural reforms
taken in recent years to deliver high post-recovery growth for the Indian economy,” the monthly review report said.

Referring to the rising prices of Brent oil, which have long passed the $100 a barrel mark, the review said that “affordability is desirable, as even the current level of the international crude oil price, if sustained for a long time, India can get in the way.” achieving real economic growth north of 8 percent in FY23. Be that as it may, India’s economy, which recovered rapidly in 2021-22 from the pandemic-induced contraction, may prove resilient thanks to government pressure on capital spending and improved corporate financial health of the sector.”

The March monthly report underlined that the strength of the Indian economy can withstand any pressure and highlighted several positive developments during the period, reflecting India’s economic recovery.

@FinMinIndia publishes Monthly Economic Review for March 2022.#MER

For the full report ➡️ https://t.co/ICFgbM4pNa

Main highlights pic.twitter.com/rwScbegXop

— Ministry of Finance (@FinMinIndia) Apr 7, 2022

For now, however, the economy is benefiting from the continued growth momentum in the agricultural sector, with the first preliminary estimates of horticultural crop production for 2021-22 pointing to an increase in sown area for both fruit and vegetables in the period 2020-21. In addition, constant increase in acreage under summer crops, crop diversification and increase in purchasing during the ongoing Kharif Market Season (KMS) 2021-22, will increase income levels in the rural economy,” it noted.

The industry has also shown robust growth, particularly in the second half of 2021-2022. The
Combined Index of Eight Core Industries registered YoY growth of 5.8 percent in February
2022, highest in the past four months after an increase in production of natural gas, coal,
refinery products, the report said.

“PMI Services has also remained in the expansion zone for eight uninterrupted months on the
back of e.g. E-toll charge, E-Way Bill, Rail freight and Air freight,
to complement the robust manufacturing industry. As a result, GST collections violated Rs.1.4
lakh crore in March 2022, heralding the start of post-recovery growth,” it added.



ADVERTISEMENT
Tags: cheaperCrudeDailyExpertNewsGovernmentOilOptionsPurchaseReportviable

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
ADVERTISEMENT

Related Posts

LIC Investors, Customers Need Not Worry Amid Adani Concerns: Official
Business

Siddhartha Mohanty shortlisted for LIC Chair, Center to answer call

March 23, 2023
Now, Pre-Book Uber Rides Up To 90 Days In Advance
Business

Book Uber rides now up to 90 days in advance

March 23, 2023
Bank Of England raises interest rates by 25 basis points despite banking turmoil
Business

Bank Of England raises interest rates by 25 basis points despite banking turmoil

March 23, 2023
Specialty Chemical Company loses 5% on market debut. Here are the details...
Business

Specialty Chemical Company loses 5% on market debut. Here are the details…

March 23, 2023
Rupee drops 37 paise to 82.29 against US dollar in early trading
Business

Rupee closes 32 Paise higher against US dollar

March 23, 2023
Maruti Suzuki cars cost more from April
Business

Maruti Suzuki cars cost more from April

March 23, 2023
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
This optical illusion has a revelation about your brain and eyes

This optical illusion has a revelation about your brain and eyes

June 6, 2022
NDTV Coronavirus

Viral video: Chinese woman pinned down, Covid test carried out by force

May 5, 2022
NDTV News

TGIF Mood: Video of Bear Cub Dancing in the Forest Melts 2.5 Million Hearts

June 3, 2022
Hundreds In Sarees At UK

Hundreds of sarees at Britain’s Royal Ascot Horse Race to help Indian weavers

June 16, 2022
The shock of chopping up a Chanel bag

The shock of chopping up a Chanel bag

1
NDTV News

Watch: Researchers Discover the World’s Largest Factory in Australia

1
Skyrocketing global fuel prices threaten livelihoods and social stability

Skyrocketing global fuel prices threaten livelihoods and social stability

1
No Guns, No Dragons: Her Video Games Capture Private Moments

No Guns, No Dragons: Her Video Games Capture Private Moments

1
Happy Ramadan 2023: Ramzan Mubarak Wishes, Messages, Quotes, Images, Greetings, Facebook & WhatsApp Status To Share

Happy Ramadan 2023: Ramzan Mubarak Wishes, Messages, Quotes, Images, Greetings, Facebook & WhatsApp Status To Share

March 23, 2023
PM Modi To Visit Varanasi Today, Unveil Projects Of Over Rs 1780 Crore

PM Modi Visits Varanasi Today, Unveils Projects Over Rs 1780 Crore

March 23, 2023
Gwyneth Paltrow ski crash test enters third day | CNN

Gwyneth Paltrow ski crash test enters third day | DailyExpertNews

March 23, 2023
Video Captures Aerial View Of Bengaluru City Decked Up With Pink Flowers

Video captures aerial view of Bengaluru city adorned with pink flowers

March 23, 2023
ADVERTISEMENT

Recent News

Happy Ramadan 2023: Ramzan Mubarak Wishes, Messages, Quotes, Images, Greetings, Facebook & WhatsApp Status To Share

Happy Ramadan 2023: Ramzan Mubarak Wishes, Messages, Quotes, Images, Greetings, Facebook & WhatsApp Status To Share

March 23, 2023
PM Modi To Visit Varanasi Today, Unveil Projects Of Over Rs 1780 Crore

PM Modi Visits Varanasi Today, Unveils Projects Over Rs 1780 Crore

March 23, 2023

Categories

  • Africa
  • Americas
  • art-design
  • Arts
  • Arts & Culture
  • Asia Pacific
  • Astrology News
  • books
  • Books News
  • Business
  • Cricket
  • Cryptocurrency
  • Dance
  • Dining and Wine
  • Economy
  • Education & Career
  • Entertainment
  • Europe
  • Fashion
  • Food
  • Football
  • Gadget
  • Gaming
  • Golf
  • Health
  • Hot News
  • India
  • Indians Abroad
  • Lifestyle
  • Markets
  • Middle East
  • Most Shared
  • Motorsport
  • Movie
  • Music
  • New York
  • Opinion
  • Politics
  • press release
  • Real Estate
  • Review
  • Science & Space
  • Sports
  • Sunday Book Review
  • Tax News
  • Technology
  • Television
  • Tennis
  • Theater
  • Top Movie Reviews
  • Top Stories
  • Travel
  • Uncategorized
  • Web Series
  • World

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links

We bring you the Breaking News,Latest Stories,World News, Business News, Political News, Technology News, Science News, Entertainment News, Sports News, Opinion News and much more from all over the world

©Copyright DailyExpertNews 2023

No Result
View All Result
  • Contact Us
  • Home
  • Top Stories
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • India
  • Education & Career
  • Arts
  • Advertisement
  • Tax News
  • Markets

©Copyright DailyExpertNews 2023

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?