Economy

  • Wholesale Inflation Eases to 1.9% in November Amid Cooling Food Prices

    India's wholesale inflation moderated to 1.9% in November, down from 2.4% in October, with food price inflation easing significantly from a 25-month high of 11.6% in October to 8.9%. Despite this, prices for manufactured products, such as food products, furniture,...

    Last updated on December 17th, 2024 01:05 pm
  • Centre Earns ₹8,625 Crore via Disinvestment in 2024-25

    The Indian government has so far collected ₹8,625 crore through various minority stake sale disinvestment transactions during the current financial year 2024-25, according to MoS Finance Pankaj Chaudhary in a written reply to the Lok Sabha. While no specific disinvestment...

    Last updated on December 17th, 2024 12:15 pm
  • India’s Data Centre Industry Set to Surpass $100 Billion by 2027

    India's data centre market is undergoing a significant transformation, with investments expected to exceed $100 billion by 2027, marking a massive leap from the $60 billion invested between 2019 and 2024. Maharashtra and Tamil Nadu have emerged as the primary...

    Last updated on December 17th, 2024 11:47 am
  • RBI Raises Collateral-Free Agricultural Loan Limit to ₹2 Lakh

    In a significant move to enhance financial access for farmers, the Reserve Bank of India (RBI) has raised the limit for collateral-free agricultural loans from ₹1.6 lakh to ₹2 lakh. Effective January 1, 2025, the directive aims to address inflationary...

    Last updated on December 17th, 2024 10:16 am
  • India’s GDP Growth Projections for FY25 Revised Downward

    India's GDP growth projections for FY25 have been revised downward by multiple agencies, reflecting cautious optimism amid global and domestic challenges. CARE Ratings has lowered its FY25 GDP growth estimate from 6.8% to 6.5%, citing a contraction in corporate profitability,...

    Last updated on December 14th, 2024 11:04 am
  • Industrial Output Growth Slows to 3.5% in October 2024

    India's industrial output growth slowed to 3.5% in October 2024, a sharp drop from 11.9% recorded in the same month last year. The Index of Industrial Production (IIP) for October 2024 stood at 149.9, up from 144.9 in October 2023....

    Last updated on December 13th, 2024 12:21 pm
  • India’s Retail Inflation Eases to 5.48% in November

    India's retail inflation moderated to 5.48% in November from 6.21% in October, marking a significant decline driven by easing food prices, particularly vegetables. This shift brought inflation back within the Reserve Bank of India’s (RBI) target range, raising expectations of...

    Last updated on December 13th, 2024 11:29 am
  • ADB Revises India’s GDP Growth Forecast to 6.5% for FY25, 7% for FY26

    The Asian Development Bank (ADB) has downgraded India's GDP growth forecast for FY25 to 6.5% from 7% and for FY26 to 7% from 7.2%, citing weaker-than-expected industrial output, subdued public capital spending, and tight monetary policies. The slowdown in Q2FY25,...

    Last updated on December 12th, 2024 10:54 am
  • S&P Global Maintains 6.8% Growth Forecast for FY25

    S&P Global has maintained its projection for India's GDP growth at 6.8% for FY25, despite a weaker-than-expected 5.4% growth in Q2FY25. This forecast comes in the wake of the Reserve Bank of India (RBI) lowering its own growth estimate to...

    Last updated on December 11th, 2024 12:42 pm
  • Retail Inflation Eases for Farm and Rural Workers in October 2024

    Retail inflation for agricultural and rural workers showed a decline in October 2024, easing to 5.96% for farm workers and 6% for rural labourers, down from 6.36% and 6.39% in September 2024. This shift represents a positive trend from the...

    Last updated on December 10th, 2024 12:54 pm