Economy

India’s Projected Economic Growth: World Bank

India is projected to maintain its position as the fastest-growing major economy, with an anticipated growth rate of 6.7% for both fiscal years 2025-26 and 2026-27, according to the World Bank's latest Global Economic Prospects report. Current Economic Outlook Growth...

India’s GDP Growth Projected to Reach 6.7% in FY25

India's GDP growth is projected to improve to 6.7% in the fiscal year 2025 (FY25), according to a CRISIL Intelligence report. This anticipated growth follows a moderation to 6.4% in the current fiscal year, down from 8.2% in the previous...

Wholesale Price Inflation Increases to 2.37% in December 2024

India's wholesale price inflation rose to 2.37% in December 2024, up from 1.89% in November, driven by higher prices in manufactured products, non-food articles, and fuel and power. Key Drivers of Inflation Manufactured Products: Prices increased by 2.14% in December,...

Govt Approves 56 Watershed Projects Worth ₹700 Crore

The Ministry of Rural Development has sanctioned 56 new Watershed Development Projects under the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) at a total cost of ₹700 crore. These projects aim to enhance agricultural productivity, address land degradation, and bolster climate...

India’s Retail Inflation Drops to 5.22% in December

India's retail inflation, as measured by the Consumer Price Index (CPI), decreased to 5.22% in December 2024 from 5.48% in November, marking a four-month low. This decline is primarily attributed to a slowdown in food price increases, particularly in vegetables,...

India’s Direct Tax Collection Sees Significant Growth in FY25

India's net direct tax collection has experienced a significant year-on-year growth, reaching approximately ₹16.90 lakh crore by January 12, 2025. This marks a 15.88% increase compared to the same period last fiscal year. The government's target for direct tax revenue...

Smartphones to Laptops: India’s IT Revolution

In a landmark development for India’s electronics manufacturing sector, Union Minister Ashwini Vaishnaw inaugurated Syrma SGS Technology's advanced laptop assembly line in Chennai. This new facility symbolizes India’s growing dominance in IT hardware production, expanding its success in mobile manufacturing...

E-Way Bills Surge in December, Second-Highest in Two Years

In December 2024, e-way bills reached their second-highest level in two years, indicating a strong recovery in India's economy. Data shows that a total of 8.8 crore e-way bills were generated during the month, marking a significant 9.3% increase from...

Rupee Hits Record Low of ₹86 Against US Dollar

On January 10, 2025, the Indian rupee depreciated to an all-time low of ₹86 against the US dollar, closing 14 paise lower than the previous day. This marks the first instance the rupee has breached the ₹86 threshold, reflecting significant...

India’s Factory Output Grows 5.2% in November, Highest Since May

India's factory output, measured by the Index of Industrial Production (IIP), recorded a significant rise of 5.2% in November 2024, the highest in six months. This increase comes after a 3.7% growth in October and is mainly attributed to a...