Economy

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...

Centre Releases ₹1.73 Trillion to States to Boost Capital Spending

On January 10, 2025, the Indian government disbursed ₹1.73 trillion to state governments, a substantial increase from the ₹89,086 crore released in December 2024. This enhanced allocation aims to expedite capital expenditure and support development and welfare initiatives across states....

India Targets $100B Food & Beverage Exports: Piyush Goyal

India aims to achieve $100 billion in combined exports from the Food & Beverage (F&B), agriculture, and marine product industries within the next five years. Union Minister of Commerce & Industry, Shri Piyush Goyal, highlighted this potential during a keynote...

India’s Economic Growth Projections: United Nations’ “World Economic Situation and Prospects 2025” report

The United Nations' "World Economic Situation and Prospects 2025" report forecasts India's economy to grow by 6.6% in 2025 and 6.7% in 2026, driven by robust private consumption and investment. Infrastructure Investment as a Growth Catalyst The public sector's significant...

India’s Economic Growth Projections for FY2025-26: Bank of Baroda

Recent forecasts indicate that India's economy is poised for significant growth in the fiscal year 2025-26, with projections ranging from 6.6% to 6.8%. This anticipated expansion underscores India's resilience and its pivotal role in driving regional economic development. Bank of...

Indian Microfinance Sector: 2,100% Growth in 12 Years

Over the past 12 years, India's microfinance sector has experienced an extraordinary expansion, with its business increasing from ₹17,264 crore in March 2012 to ₹3.93 lakh crore by November 2024—a growth of over 2,100%. This significant rise underscores the sector's...

India’s FY25 Outlook: Per Capita GDP to Rise by ₹35,000

The State Bank of India (SBI) has revised its GDP growth forecast for the financial year 2024-25 (FY25) to 6.3%, slightly below the National Statistical Office's (NSO) projection of 6.4%. This adjustment reflects concerns over a slowdown in lending and...

RBI Lifts Lending Restrictions on Asirvad Micro Finance and DMI Finance

The Reserve Bank of India (RBI) has lifted the restrictions imposed on Asirvad Micro Finance Limited and DMI Finance Private Limited, allowing them to resume loan sanctioning and disbursal operations immediately. Background of Restrictions On October 21, 2024, the RBI...

Fiscal Deficit Target on Track Despite Revised GDP Growth

Despite a downward revision in India's GDP growth forecast for the fiscal year 2024-25, the government's fiscal deficit target of 4.9% of GDP remains attainable. The National Statistics Office (NSO) has projected a nominal GDP growth of 9.7% for FY25,...