Economy

India Is On The Path To Become Third-Largest Economy

India Is On The Path To Become Third-Largest Economy

On the episode of Newstrack, Forum President Borge Brende had a discussion with Microsoft Vice-Chairman and President Brad Smith about India’s efforts to become a catalyst in establishing a new global order. Borge Brende mentioned that India will become the world’s third-largest economy in just a few years. He also said that India will surpass…

UAE Emerges As Fourth Largest Investor In India, FY23

UAE Emerges As Fourth Largest Investor In India, FY23

In a significant development for India’s economy, the United Arab Emirates (UAE) has emerged as the fourth largest investor in the country during the fiscal year 2023. This remarkable feat not only underscores the strengthening of bilateral relations between the two nations but also highlights the growing confidence of foreign investors in India’s business landscape….

Indian IT Braces for Slowing Growth and Challenging Hiring Prospects

Indian IT Braces for Slowing Growth and Challenging Hiring Prospects

In a recent report, domestic rating agency Icra has projected a further deceleration in the revenue growth of Indian IT companies, which are already grappling with headwinds in the industry. The nearly USD 250 billion sector is expected to witness a slowdown to mid-single digits, placing significant pressure on the sector’s stability and prospects. The…

Biden Strikes Debt Ceiling Deal, Easing Concerns of Catastrophic Default

Biden Strikes Debt Ceiling Deal, Easing Concerns of Catastrophic Default

In a significant development, U.S. President Joe Biden and House Speaker Kevin McCarthy have come to a mutual understanding on a budget agreement that entails the suspension of the $31.4 trillion debt ceiling until January 1, 2025. Biden expressed his satisfaction with the deal, emphasising that it safeguards the American people, removes the threat of…

Impending Catastrophe: Impact of US Debt Default on Citizens

Impending Catastrophe: Impact of US Debt Default on Citizens

Nation Holds its Breath as Financial Chaos, Economic Turmoil, and Social Programs Hang in the Balance With the United States teetering on the edge of a potential debt default, the consequences for American citizens could be devastating. Experts are sounding the alarm, emphasising the dire implications that could reverberate across the nation as a result….

Latest Update: All You Need To Know About New GST Rule

Latest Update: All You Need To Know About New GST Rule

A new rule has been launched for businesses whose turnover is â‚ą100 crores or above. The GST Network has announced that these businesses have to upload their electronic invoices on Invoice Registration Portal (IRP) within 7 days of the issue of such invoices, which will come into effect from 1 May 2023.  Currently, businesses upload…

Adani Group’s Total Debt Surpasses 1% of Indian Economy

Adani Group’s Total Debt Surpasses 1% of Indian Economy

Gautam Adani’s troubles continue as the total debt of his companies surpasses 1% of the Indian Economy. After Hindenburg Research issued a staggering report that alleged Adani group in accounting fraud and stock manipulation, the stock price of Adani’s various companies kept stumbling. In between this, various economic forums find out the amount of debt…

Union Budget 2023: Key Highlights Of The Budget 

Union Budget 2023: Key Highlights Of The Budget 

Yesterday, Finance Minister Nirmala Sitaraman presented the Union budget 2023-24. There were high expectations from this budget, especially from the middle class. During her speech, the finance minister announced the changes in the tax slab and the boosting of capital investment for creating new jobs for youth. The Modi Government presents this budget as accelerating…

The Best Business Newspaper In India For Latest Update

The Best Business Newspaper In India For Latest Update

Every shareholder and businessman needs to stay updated with the latest update on the stock market. Missing one key information, big corporate announcements, new deals, and other information such as frauds, scams, and allegations can change the entire game. But how will you stay updated with the current happenings in the stock market? A simple…

World Economy Is Battered, India’s Q1 GDP Numbers Are Out

World Economy Is Battered, India’s Q1 GDP Numbers Are Out

Europe’s economy is encountering severe inflation due to the Russian-Ukraine war and endangering energy shortage, and now all eyes are on India, as its Quarter 1 GDP growth is 13.5%.  2022 was expected to be the year of bouncing back after two tough phases of the pandemic, but the economies worldwide are not completely recovered…

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