Economy

China Adopts ‘One Province, One Policy’ Approach to Financial Risk Management

China's National Financial Regulatory Administration, led by Li Yunze, is introducing a groundbreaking approach to tackle financial risks at the provincial level. This move comes in the wake of concerns about the country's economic struggles, exacerbated by the lingering effects...

Unemployment Trends in Indian States: A Closer Look at July-September 2023

In the recent Periodic Labour Force Survey (PLFS) conducted by the National Sample Survey Office (NSSO), concerning data has emerged regarding unemployment rates in the age group of 15 to 29 years in urban areas during the July-September quarter of...

India’s Robust Construction Sector Propels Economic Growth Amid Housing Boom

India's GDP data for July-September has showcased the construction sector's stellar performance, growing by an impressive 13.3% year-on-year. This surge, the best in five quarters, has propelled India's overall economic expansion to a forecast-beating 7.6%, positioning it as one of...

India’s Fiscal Progress: GST Collections Surge to Record High in FY 2023-24

Finance Minister Nirmala Sitharaman reported a consistent upward trend in India's Goods and Services Tax (GST) collection, emphasizing the fiscal year's remarkable achievements in a Lok Sabha session. Key Figures GST collection surpassed the Rs 1.50 lakh crore mark every...

India’s Manufacturing Sector Shows Resilience in November with a PMI of 56

In November, India's manufacturing Purchasing Managers Index (PMI) exhibited a positive trajectory, reaching 56, a slight uptick from October's 55.5. While still below the September figure of 57.5, this rise indicates a rebound from the slowest rate of expansion recorded...

FDI Landscape: ₹1 Lakh Crore Proposals from India’s Border Neighbors; 50% Cleared

Since April 2020, India has attracted FDI proposals totaling ₹1 lakh crore from countries sharing its land borders, including China, Bangladesh, Pakistan, Bhutan, Nepal, Myanmar, and Afghanistan. A crucial development came in April 2020 when the government mandated prior approval...

Decline in FDI Inflows from Cayman Islands and Cyprus to India

Foreign Direct Investment (FDI) into India witnessed a substantial contraction from the Cayman Islands and Cyprus during April-September in the current fiscal year, contributing to an overall decline of 24% in FDI inflows. Cayman Islands FDI from the Cayman Islands...

Forex Reserves Jump $2.53 b to $597.93 bn

India's foreign exchange reserves witnessed a significant increase of $2.5 billion in the week ending November 24, as reported by the Reserve Bank of India (RBI). This boost, primarily attributed to foreign portfolio flows into the debt market, reflects a...

Economic Growth Forecasts for India: 2023-2025

Various financial institutions have revised India's growth forecasts. Goldman Sachs increased the 2023 projection to 6.7% but maintained 2024 at 6.2%. Morgan Stanley raised the FY 2024 estimate to 6.9%, while Citi cited investment for a 6.7% forecast. SBI Research...

GST Collection Rises 15% y-o-y to ₹1.68 Lakh Crore in November

In a significant economic development, India's Goods and Services Tax (GST) collections for November 2023 surged by an impressive 15% year-on-year, reaching a total of ₹1.68 lakh crore. This marks the sixth instance during the ongoing fiscal year that gross...