Economy

India’s Index of Industrial Production (IIP) Records 5.0% Growth in January 2025

The Ministry of Statistics and Programme Implementation (MoSPI) released the Quick Estimates of Index of Industrial Production (IIP) for January 2025 on March 12, 2025. The data indicates a significant improvement in industrial growth, with the IIP expanding by 5.0%...

Consumer Price Index (CPI) Numbers for February 2025

The Ministry of Statistics and Programme Implementation (MoSPI) has released the Consumer Price Index (CPI) data for February 2025. The report highlights a decline in overall inflation, marking the lowest year-on-year inflation rate since July 2024. A significant drop in...

India’s Retail Inflation Drops to Seven-Month Low in February

India's retail inflation eased to a seven-month low of 3.61% in February 2025, as food inflation fell below 4% for the first time in nearly two years. This decline strengthens expectations of a back-to-back rate cut in the upcoming April...

India Becomes the Top Source of FDI into Dubai

India has emerged as the leading source of Foreign Direct Investment (FDI) into Dubai, surpassing the United States, France, and the United Kingdom in 2024. Dubai retained its position as the world’s top destination for Greenfield FDI projects for the...

Holi Boosts Indian Economy: Traders Expect ₹60,000 Crore in Sales

The Holi festival has once again proven to be a significant economic driver for traders and businesses across India. According to the Confederation of All India Traders (CAIT), this year's Holi sales are expected to surpass ₹60,000 crore, marking a...

MSME Sector Sees Continued Growth as NPAs Decline Over the Past 5 Years

The Micro, Small, and Medium Enterprises (MSME) sector in India has witnessed significant growth in credit availability while experiencing a sharp decline in Non-Performing Assets (NPAs) over the last five years. According to data from the Reserve Bank of India...

Government Initiatives to Enhance Credit Access and Finance for MSMEs

Micro, Small, and Medium Enterprises (MSMEs) play a crucial role in India's economy, contributing significantly to employment and GDP. To ensure their growth and financial stability, the Government of India, along with the Reserve Bank of India (RBI), has implemented...

Digital Payment Transactions Cross 18,000 Crore in FY 2024-25

India's digital payment ecosystem has witnessed a remarkable surge, with total transactions crossing 18,000 crore in FY 2024-25 (till January 2025). This growth is primarily driven by UPI adoption, enhanced fintech collaborations, and government initiatives to promote cashless transactions. To...

Digital Payment Transactions Grow by 46% from FY 2021-22 to FY 2023-24

The total digital payment transactions in India increased from 8,839 crore in FY 2021-22 to 18,737 crore in FY 2023-24, registering a 46% CAGR (Compound Annual Growth Rate). This growth was primarily driven by the Unified Payments Interface (UPI), which...

Credit Disbursement to Priority Sectors Jumps 85% from ₹23 Lakh Crore in 2019 to ₹42.7 Lakh Crore in 2024

The credit disbursement to priority sectors, including agriculture, MSME, and social infrastructure, has grown significantly over the past six years. The total lending to priority sectors increased from ₹23.01 lakh crore in 2019 to ₹42.73 lakh crore in 2024, marking...