Economy

OECD raises FY24 India growth forecast to 5.9 per cent

The Organisation for Economic Cooperation and Development (OECD) has increased its growth projection for India by 20 basis points to 5.9% for the fiscal year 2024, according to its latest interim outlook report titled "Fragile Recovery." Buy Prime Test Series...

CRISIL forecasts India’s GDP growth at 6% for next FY against NSO’s projection of 7%

CRISIL expects India’s gross domestic product (GDP) growth to touch 6% in fiscal 2024, compared with 7% estimated by the National Statistics Office (NSO) for fiscal 2023. Buy Prime Test Series for all Banking, SSC, Insurance & other exams Why...

India’s retail inflation drops to 6.44% in February 2023

India's retail inflation for February slows down to 6.44 percent as against 6.52 percent in January 2023, according to data published by the Ministry of Statistics and Programme Implementation on March 13. Buy Prime Test Series for all Banking, SSC,...

India’s WPI inflation eases to 3.85 per cent in February

India's Wholesale price index (WPI)-based inflation eased below the 4 per cent-mark in February and was recorded at 3.85 per cent, data released by the Ministry of Commerce and Industry showed. In January, the WPI inflation figure was 4.73 per cent....

India’s per capita income doubles since 2014-15: NSO

India's per capita income in nominal terms doubled to Rs 1,72,000 since 2014-15 when the Narendra Modi-led NDA came to power but uneven income distribution remains a challenge. As per the National Statistical Office (NSO), the annual per capita (net national...

India’s Unemployment rate rose to 7.45% in Feb: CMIE

Joblessness as measured by the CMIE All India unemployment rate remained elevated in February 2023 and rose to 7.45% from 7.14% in the previous month. Buy Prime Test Series for all Banking, SSC, Insurance & other exams About the Rural-Urban...

1,49,577 Crore gross GST revenue collected in February 2023

The gross goods and service tax (GST) revenue collection in the month of February 2023 stood at Rs 1,49,577 crore, up around 12% on an annual basis. With this, the monthly GST revenues remained over Rs 1.4 lakh crore for...

India’s manufacturing PMI slips to 4-month low of 55.3 in February

India’s purchasing managers' index (PMI) declined to a 4-month low at 55.3 in February owing to a rise in input costs, according to the S&P Global India Manufacturing PMI report. In January, the manufacturing PMI stood at 55.4. The headline...

Moody’s expects India to report real GDP growth of 5.5 percent in 2023

Moody's now expects India's real GDP growth to be 5.5% in 2023, up from the earlier projection of 5%, and to be 6.5% in 2024. The upward revisions for India also incorporate a significant increase in capital expenditure budget allocation...

India’s UPI likely to extend to UAE, Mauritius, Indonesia

UPI likely to extend to UAE, Mauritius, Indonesia India's Unified Payments Interface (UPI) is shortly to be connected to comparable networks in Indonesia, Mauritius, and the United Arab Emirates (UAE). This occurs a week after Singapore's PayNow launched cross-border connection...