Economy

India Ratings Forecasts Moderation in GDP Growth to 6.5% for FY25

India Ratings and Research projects a moderation in India's GDP growth to 6.5% for the financial year 2024-25, slightly lower than the Reserve Bank of India's estimate of 7%. Despite the base effect, the agency notes positive indicators for economic...

Morgan Stanley Projects India’s GDP growth for FY25 to 6.5%

In its latest analysis, Morgan Stanley Research projects India's GDP growth for FY25 to moderate to 6.5%, down from the 6.9% projected for FY24. Despite this moderation, the report maintains a constructive outlook on the Indian economy, citing improvements in...

Government Raises Authorized Capital of FCI from ₹10,000 crore to ₹21,000 crore

The government has increased the authorized capital of the Food Corporation of India (FCI) from ₹10,000 crore to ₹21,000 crore, demonstrating a significant commitment to enhancing its operational capacities. This initiative, announced by the Food Ministry, underscores the government’s dedication...

India’s Outward FDI in January 2024 Rises 25.7% to $2.1 billion

According to recent data released by the Reserve Bank of India (RBI), In January 2024, India's outward foreign direct investment (FDI) commitments surged by 25.7% year-on-year to $2.09 billion. However, there was a sequential decline from December 2023 figures. Equity...

National Coal Index Dips 4.75% In Dec, 2023

The National Coal Index (Provisional) has shown a significant decline of 4.75% in December 2023 at 155.44 points compared to December 2022, where it was at 163.19 points. This notable decrease indicates sufficient availability of coal in the market to...

India’s Services Trade Surplus Hits Record High to $44.9 billion in the October-December quarter

India's services trade surplus reached an unprecedented $44.9 billion in the October-December quarter of FY24, marking a 16% year-on-year increase. This surge in surplus, amidst challenging global conditions, is anticipated to alleviate the current account deficit (CAD) for the period....

India’s Wholesale Price Index (WPI) Moderates to 3-Month Low at 0.27% in Jan

India's Wholesale Price Index (WPI) recorded a notable moderation, reaching a three-month low of 0.27% in January. This decline was attributed to reduced prices in both food articles and manufacturing products, as per data released by the Ministry of Commerce...

India’s Retail inflation is at 3-mth low to 5.1% in Jan, IIP witnessed 3.8% growth in Dec

In January 2024, India's retail inflation reached a three-month low of 5.1%, while the Index of Industrial Production (IIP) exhibited a growth of 3.8% in December 2023, showcasing a favorable trend in both sectors. Retail Inflation at 3-Month Low Consumer...

Urban Jobless Rate in India Declines to 6.5% in Q3FY24: PLFS Data Analysis

The latest Periodic Labour Force Survey (PLFS) data released by the National Statistical Office indicates a continued improvement in India's urban labour markets. The urban jobless rate for Q3FY24 dropped to 6.5%, showcasing a marginal decrease from the previous quarter...

EPFO Raises Interest Rate on PF Deposits to 8.25%, A Three Year High

During a meeting of the Central Board of Trustees (CBT), the apex decision-making body of the Employees' Provident Fund Organization (EPFO), it was decided to increase the interest rate on employees' provident fund (EPF) deposits to 8.25% for the fiscal...