Economy

  • India to Become $10-Trillion Economy by 2035: CEBR

    The Centre for Economics and Business Research (CEBR), which is a UK-based economics consultancy, predicted that India will become the third-largest economy by 2037. 14th edition of the report noted that over the next five years, the annual rate of...

    Published On December 27th, 2022
  • RBI Emerges As The Largest Gold Buyer Among The Central Banks Across The Globe

    With 132.34 metric tonnes (MT) of gold purchase, RBI emerged as the largest buyer of the yellow metal among central banks between April 2020 and September 2022. Also, RBI was the top gold buyer among its peers in 2020 while...

    Published On December 26th, 2022
  • IMF decreases FY23 India’s GDP growth forecast to 6.8%

    IMF decreases FY23 India's GDP growth forecast: In light of lower-than-anticipated output in the second quarter and more sluggish external demand, the International Monetary Fund (IMF) reduced India's growth prediction for FY23 from 7.4% forecasted in July to 6.8%. India's...

    Published On December 24th, 2022
  • NSE Gets Sebi Nod to Set up Social Stock Exchange

    One of the leading stock exchanges in India - The National Stock Exchange of India (NSE) received in-principle approval from the capital markets regulator Securities Exchange Board of India (Sebi) to set up a Social Stock Exchange (SSE) as a...

    Published On December 24th, 2022
  • CCEA Increases the Minimum Support Prices for Copra for 2023 Season

    The Cabinet Committee on Economic Affairs(CCEA) chaired by Prime Minister Shri Narendra Modi has approved Minimum Support Prices (MSPs) for copra for 2023 season.  The approval is based on recommendations of the Commission for Agricultural Costs and Prices and views...

    Published On December 24th, 2022
  • Gross Direct Tax Collections for FY 2022-23 Register Growth of 25.90%

    The Gross collection of Direct Taxes has registered a growth of 25.90 percent which stood at 13,63,649 crore rupees in the financial year 2022-23. The Gross collection in the corresponding period stood at 10,83,150 crore rupees. According to the Finance...

    Published On December 22nd, 2022
  • Note in Circulation Rise 8% Annually to Rs 32 Lakh Crore: FM

    Finance Minister Nirmala Sitharaman said note in circulation (NiC) has witnessed an annual growth of 7.98 per cent to Rs 31.92 lakh crore as of December 2, 2022. The demand for currency depends upon several macroeconomic factors, including economic growth...

    Published On December 22nd, 2022
  • World Bank hints that Global Economy on a steep Slowdown

    Global Economy on a steep Slowdown: According to the most recent World Bank study, the global economy is experiencing a sharp decline after almost a year of uncertainty in 2022. The World Bank report noted that the COVID-19 pandemic's repercussions...

    Published On December 21st, 2022
  • India’s GDP Growth Rate: Economic Growth & Its Future Forecasts

    India has emerged as the fastest-growing major economy in the world and is expected to be one of the top three economic powers in the world over the next 10-15 years, backed by its robust democracy and strong partnerships. The...

    Published On December 20th, 2022
  • Overall Trade Deficit Down at $11.11 bn in November

    India’s overall trade deficit for goods and services in November this year has fallen to $11.11 billion, lower than year-ago and month-ago levels. Moreover, thanks to a recovery in exports, India’s monthly merchandise trade deficit came down to a six-month...

    Published On December 20th, 2022