7% GDP Growth? India’s Economy Defies All Odds
The World Bank upgraded India’s GDP growth forecast by 0.4% to 7% in FY 2025 despite ongoing external economic turbulences, war, and post-pandemic rebound effects. They further mentioned that geopolitical tensions could inflate commodity prices, and resurgent inflation will keep global interest rates high for a long time. The report mentioned, “These risks notwithstanding, medium-term…
JYOTI
RBI Report Highlights Major Digital Economy Concerns
Recently, the RBI released its Report on Currency and Finance (RCF), which highlights some of the major concerns in the Indian banking and financial sector. The report mentions that the financial sector in India has undergone some major changes in the last decade due to the mass adoption of technological advancements. This shift has negatively…
Vikas
The Rise of India’s Digital Artisans: Crafting a New Economy
The director of YouTube India, Ishan John Chatterjee, revealed in an interview with CNBC TV 18 that a recent study conducted jointly by YouTube and Oxford Economics found that YouTube’s content creation and creative ecosystem contributed around INR 16,000 crore to the Indian GDP, which is equivalent to almost 7.5 lakh full-time jobs. This is…
India’s Economy Aspirations Facing Quality Job Roadblock
India, the second most populous country in the world, is also the 5th largest economy in the world. According to the Governor of the Reserve Bank Of India, Shaktikant Das, the country is projected to grow at an average rate of 7.2%. Looking at the growth of the Indian economy in FY 2024, it’s safe…
General Election Result, Good Or Bad For Economy?
The general elections of the biggest democracy in the world, India, have commenced, and the BJP-led NDA (National Democratic Alliance) has successfully gained the majority to hold power for the third consecutive time. PM Modi is the only national leader other than Jawaharlal Nehru to become the nation’s prime minister thrice. However, the uncertainty in…
Stalled Global Trade, Stagnant Global Economy
Exports are the lifeblood of the global economy. After years of steady growth, international trade has encountered significant obstacles. The recent unrest in the Middle East and Eastern Europe has altered global dynamics, resulting in decreased export figures. According to the World Trade Organization’s (WTO) Global Trade Outlook and Statistics report, total global trade declined…
abhinav singh
Indian Economy Retain The Fastest Growing Economy Title
The economic growth number of India is here, and nobody was expecting the results. India has retained its title of the world’s fastest-growing economy, with a growth rate of 8.4% in the last three months. Indian Prime Minister Narendra Modi also posted a tweet, where he said that this shows the strength and potential of…
Vishal Prajapati
How Embedded Finance is Disrupting the Modern Economy?
The seamless inclusion of financial services in people’s everyday lives is progressing into a new phase. Many individuals and businesses find financial services most effective when they’re part of an interconnected customer experience rather than being separate interactions alongside that experience. People and businesses now increasingly anticipate that financial products and services will be closely…
John David
Tackling e-waste through circular economy
One of the pitfalls of our technology-intensive life is e-waste, which to put it simply, comprises discarded electrical and electronic devices or such electrical and electronic devices which are at the end or nearing the end of their ‘useful life’. E-waste, large amount of which is generated on a daily basis in our increasingly consumption-driven…
Indonesia’s Economy Expected To Surpass Russia’s By 2026
The landscape of the global economy is changing every so often. Recently India surpassed the UK to become the 5th largest Nominal economy in the world. Now, according to the data from the IMF (International Monetary Fund) Indonesia is all set to surpass Russia to become the 6th largest economy in terms of PPP (Purchase…