RBI monetary policy 2024: The Reserve Bank of India (RBI) kept the real GDP growth estimate for the current fiscal year at 7% during its first bi-monthly committee meeting for FY24–25. The GDP growth target for Q2 FY25 was revised to 6.9%, up from the previous estimate of 6.8%, and for Q1 FY25 it was…
PM Modi stated at the Startup Mahakumbh event on Wednesday that India’s startups will play a major role in the country’s achievement of becoming the third largest economy in the world by 2027, with a $5 trillion GDP. With a bold prediction that India will rank among the world’s top three economies during his most…
Read More “PM Modi: Startups crucial for India’s rise as world’s 3rd largest economy” »
Sensex: During the Saturday special trading session, which ended at 12.30 pm with the second session ending, domestic equities markets finally settled slightly higher, despite the headline indices reaching new highs. Trade took place from 9.15 am to 10 am for the first half of the day. Sensex closes flat, Nifty gains 40 points in…
The National Statistical Office (NSO) on Thursday increased India’s real GDP growth estimate for this year to 7.6% from the 7.3% projected last month, causing a flurry of revisions in the economy’s growth estimates. Additionally, it increased its 2021–22 growth estimate from 9.1% to 9.7% and decreased its 7.2% growth estimate for 2022–2023 to 7%….
Read More “GDP growth is up 7.6% thanks to several data adjustments, with an 8.4% spike in Q3.” »
GDP: The government’s push for capital expenditures, the decline in global commodity prices, and “healthy” corporate performance are the main factors driving India’s economy’s 6.5% growth rate in FY25, according to a report released on Thursday by India Ratings and Research (Ind-Ra). However, the estimate is far less than the Reserve Bank of India’s (RBI)…
Read More “GDP could expand by 6.5% in FY25, according to Ind-Ra” »
