Hyderabad: India has the potential to become a USD 55 trillion economy by 2047 if state and central governments work hard to implement policies that will take the country’s growth from “what has been historically 7 % to 8% (in rupee terms)”, Krishnamurthy V Subramanian, Executive Director of the International Monetary Fund (IMF) said on … Read more
Finance Minister today released the Economic Survey for the financial year 2023-2024. In the economic survey highlighting the performance of Indian economy, the ministry has also touched upon the topic of Chinese challenge. The Economic Survey has called it the Chinese Conundrum. The Survey highlights that it would be wrong to presume that India will … Read more
Home Business India’s Forex Reserves Hit All Time High At $642.292 Billion: RBI Data As per latest Reserve Bank of India (RBI) data, India’s foreign exchange reserves have hit an all-time high of 642.292 billion US dollars. Representational Image India’s foreign exchange reserves have hit an all-time high of 642.292 billion US dollars by the … Read more
Durable, high GDP growth requires inflation to be under control but real interest rates above 2% may not be sustainable when it comes to supporting the growth needs of the Indian economy, said Shashanka Bhide, member of the Monetary Policy Committee of the Reserve Bank of India. If one goes by the MPC’s projection of … Read more
RBI Monetary Policy: Shaktikanta Das Addresses Media RBI Governor Shaktikanta Das says, “…The Reserve Bank undertook six fine-tuning variable rate reverse repo auctions, that is, VRRR auctions from February 2 to February 7, 2024 to absorb surplus liquidity. Financial market segments have adjusted to the evolving liquidity conditions to varying degrees. While the short-term rates … Read more
Home Business RBI Monetary Policy: RBI Keeps Repo Rate Unchanged At 6.5%, Projects 7% Growth For Next Financial Year | 10 Points The RBI governor said the MPC also decided by a majority of 5 out of 6 members to remain focused on the withdrawal of accommodation to ensure that inflation progressively aligns with the … Read more
New Delhi: At a time when the global economy is set to see a “protracted period of low growth”, India remains a bright spot, not only retaining its position as the fastest-growing large economy but also bucking global trends of contracting manufacturing activity and investment slowdowns, according to a new United Nations report. The UN … Read more
Private sector capital expenditure needs to make a comeback for rebalancing the Indian economy towards investment and manufacturing – from a consumption driven one – V Anantha Nageswaran, India’s Chief Economic Advisor (CEA) said Thursday.“Balance sheets have been largely repaired both in the financial sector and the corporates. The gross savings of the private non-financial … Read more
NEW DELHI: In a significant development for the global economy, S&P Global Ratings has forecasted that India is on a trajectory to become the world’s third-largest economy by 2030. This growth is underpinned by a combination of demographic advantages, policy initiatives, and a shift in the global economic landscape. As India positions itself to surpass … Read more
Home News Viksit Bharat @2047: Vision Document Being Prepared To Make India $30 Trillion Economy, Says NITI Aayog CEO In 2023, NITI Aayog was entrusted with the task of consolidating the 10 sectoral thematic visions into a combined vision for Viksit Bharat @2047. Prime Minister Narendra Modi will releases the vision document in January next … Read more