Indian Economy

IMF's Deputy Managing Director Gita Gopinath highlighted on July 16 that India and China are projected to drive nearly half of global economic growth in 2024. Quoting the World Economic Outlook update Gopinath noted, “Growth in major advanced economies is more aligned: Euro area growth picks up as the US shows signs of cooling after a strong year.

NEW DELHI: India’s real GDP (Gross Domestic Product) witnessed a growth rate of 7.8% in the fourth quarter of FY24. While, the real GDP is estimated to grow at 8.2% in FY24, far higher than a GDP of 7.0% in FY23. These estimates were released in the latest report by MoSPI (Ministry of Statistics and […]

The RBI’s Monetary Policy Committee kept the repo rate unchanged at 6.5%, signaling stability amid a complex economic landscape.

India’s recent economic performance has once again demonstrated its resilience and dynamism, with a remarkable GDP growth of 8.4% in the October-December quarter of 2023-24, marking the highest growth rate in six quarters. This stellar achievement has firmly established India as the fastest-growing major economy globally, outpacing economic powerhouses like China, the US, and the […]

NEW DELHI: Last year saw an unexpected development in geopolitics with the expansion of BRICS, as five new nations were welcomed into the fold: Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. However, the invitation extended to Ethiopia was particularly surprising, given its status as an unconventional BRICS contender. Just before 2024, Fitch downgraded Ethiopia […]

In a debate over the 'White Paper on Indian Economy and its impact on the lives of people of India', Sitharaman asserted that Congress prioritised the family over the nation's welfare, leading to the infamous fragile five status of the economy.

NEW DELHI: Prime Minister Narendra Modi, during a recent speech, ahead of the General Elections, restated his commitment to boost the Indian economy. Instead of specifying a figure, he expressed that in his third term, India would become the world’s third-largest economy. In Delhi, during his response to the Motion of Thanks on President Droupadi […]

NEW DELHI : India is poised to become the world’s third-largest economy with a GDP of $5 trillion within the next three years, and it aspires to reach $7 trillion by 2030, according to a report released by the finance ministry just ahead of the interim budget announcement. Chief Economic Adviser V Anantha Nageswaran emphasised […]

India has graduated to a higher position in the comity of nations in recent days. Global financial firm Morgan Stanley has upgraded India as an investment destination while downgrading China. This comes on the heels of leading credit rating agency, Fitch Ratings actually downgrading the credit rating of the world’s biggest economy, the United States. […]

Interstate migration of labour is not a zero sum game, it observes.