Shailesh Yadav New Delhi [India], June 17 (ANI): CII President Narendra Modi said India’s gasoline and diesel prices are rising globally after the Confederation of Indian Industry predicts that India’s GDP will grow at 9.5% this fiscal year. What’s happening in India? While talking to the media, TV Narendran talked about soaring gasoline and diesel prices: “Of course, it clearly reflects what’s happening globally, so as I said earlier, commodities. Prices are rising. The recovery of developed countries China and the United States was much faster than people expected. Geopolitical issues are also playing a role. “” It’s happening between the United States and Iran. That and the nuclear issue are those ideas that come to a conclusion. Will Iran come back? Maybe the supply chain is bigger. I think there are multiple factors involved in oil prices. India Has shown relatively low oil prices in the last few years, giving the government the opportunity to raise taxes. It earns some income, so the government will have to find a better balance. I think it’s about regaining growth. ” “Since the government has leveraged in the past, oil prices will generate more income with slightly higher taxes. To drive demand if the government can afford the budget deficit to grow. What is the more balanced approach to the government? I think the most important thing is to drive demand. ” CII said supply chain issues need to be rectified. You know, the body added, as demand is on the rise as we have a job. The CII said Thursday that the country’s gross domestic product (GDP) is expected to grow at 9.5% this fiscal year (2021-22). As a result, GDP will be slightly higher than in FY2008. (ANI)

It’s a reflection of what’s happening worldwide: TV Narendran

Source link It’s a reflection of what’s happening worldwide: TV Narendran