Economy
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RBI to Inject $10 Billion Through Forex Swap to Ease Liquidity Crunch
The Reserve Bank of India (RBI) has announced a $10 billion foreign exchange (forex) swap to inject liquidity into the banking system and address the prevailing cash crunch. The three-year swap auction is scheduled for February 28, 2025. This move...
Last updated on February 24th, 2025 04:31 pm -
India’s Road to High-Income Status by 2047
India is on track to become a high-income nation by 2047, with its GDP projected to reach between $23 trillion and $35 trillion, according to a recent report by Bain & Company in collaboration with Nasscom. The services sector is...
Last updated on February 24th, 2025 12:36 pm -
India’s GDP Growth to Slow to 6.4% in 2025: Moody’s
India's economic growth is expected to slow down to 6.4% in 2025, according to a report by Moody’s Analytics. This marks a slight decline from the 6.6% GDP growth in 2024. The report highlights key global factors affecting the slowdown,...
Last updated on February 24th, 2025 11:09 am -
India’s Q3 FY25 GDP Growth Set at 6.4%
India’s economy is set to grow at 6.4% in Q3 FY25, according to a projection by ICRA, up from 5.4% in the previous quarter. This growth is being driven by higher government spending and a rebound in exports, strengthening key...
Last updated on February 21st, 2025 12:59 pm -
Odisha CM Mohan Majhi Unveils ₹2.90 Lakh Cr Budget for 2025-26
Odisha Chief Minister Mohan Charan Majhi has presented the state budget for the financial year 2025-26, setting the total expenditure at ₹2.90 lakh crore. This budget, which was tabled on February 17, 2025, focuses on agriculture, irrigation, and rural development,...
Last updated on February 20th, 2025 03:15 pm -
India’s Exports Surge by 7.2% YoY in Apr-Jan 2025
India’s total exports recorded a 7.2% year-on-year (YoY) growth during the April 2024 to January 2025 period, as per data from the Ministry of Commerce and Industry. This marks a significant increase in India's global trade engagement, driven by key...
Last updated on February 20th, 2025 02:39 pm -
India’s Smartphone Exports Reach ₹1.5 Trillion, Boosted by PLI Scheme
India's smartphone exports have reached an all-time high of Rs 1.55 trillion in the April 2024 to January 2025 period, reflecting a 56% surge from Rs 991.2 billion in the same period last year. This growth has been primarily fueled...
Last updated on February 19th, 2025 02:17 pm -
Urban Unemployment Rate Steady at 6.4% in Q3 FY25
The urban unemployment rate in India stood unchanged at 6.4% in the October-December quarter of FY25, according to the latest Periodic Labour Force Survey (PLFS) released by the Ministry of Statistics and Programme Implementation (MoSPI) on February 18, 2025. This...
Last updated on February 19th, 2025 01:22 pm -
Wholesale Price Index (WPI) for January 2025: Inflation Rate and Key Highlights
The Department for Promotion of Industry and Internal Trade (DPIIT) has released the Wholesale Price Index (WPI) for January 2025, reporting an annual inflation rate of 2.31% (provisional) compared to January 2024. The increase in inflation is primarily due to...
Last updated on February 15th, 2025 10:30 am -
India’s Industrial Output Growth Slows to 3.2% in December 2024
India's industrial output growth slowed to 3.2% in December 2024, a drop from 5% in November, according to the Index of Industrial Production (IIP). The decline was largely driven by weaker manufacturing sector performance, while electricity generation saw a strong...
Last updated on February 13th, 2025 11:10 am