JP Morgan’s Index Open Doors For Massive Investments
The world’s largest bank in terms of market cap, JP Morgan Chase & Co., has announced that they will be including Indian government bonds in their indexes from 28 June 2024. According to various experts, India is expected to raise billions of dollars after the development. Moreover, this listing will give a broad range of…
Bhumika
Rising External Debt, Falling Debt-to-GDP Ratio
In its latest report, the Reserve Bank of India has provided key insights into India’s economic indicators. The report highlights that India’s external debt has increased by $39.7 billion, reaching a total of $663.8 billion by the end of March 2024. These figures would have been slightly higher if the valuation effect had not been…
Shipra Prajapati
India’s Infra To Surge 15.3% In The Next 5 Years
In their latest report, The New India- Infrastructure, Morgan Stanley, a renowned investment bank, anticipated that infrastructure investments in India would grow by a CAGR of 15.3%. This credible projection suggests an anticipated expenditure of $1.45 trillion ( ₹121.16 lakh crore) in India in the coming five years. They further mentioned that this would boost…
Chandan Kumar
Wipro Seals A Big $500 Million Deal With US Firm
The Indian multinational corporation Wipro recently secured a monumental $500 million five-year contract with a US communication service provider. This is a significant milestone for Wipro, marking the first major deal under its new CEO (Chief Executive Officer), Srini Pallia. Under this contract, Wipro will provide the US firm with maintenance services for selected goods…
Sachs Predicts India’s GDP Growth To Soar At 6.7%
The renowned US-based financial institution Goldman Sachs, known to be a global investment bank, has revised its GDP forecast for India by 10 basis points to 6.7% for 2024. This revision is based on sustained growth momentum and the expectation of extra fiscal space due to a dividend transfer from RBI to the government. The…
Retail Inflation In India Touches 11 Months Low In FY24
As of April 2024, the Indian government’s data shows that retail inflation in India has dipped to an 11-month low, reflecting the country’s most recent economic conditions. It was around 4.83%, slightly lower than the 4.85% recorded in the previous month, but it remained within the tolerance limit of RBI (Reserve Bank Of India), i.e….
Himanshu
China Dethrones US As India’s Top Trade Partner In FY24
GTRI (Global Trade Research Initiative) reported a dramatic shift in India’s trade dynamics with its top trading partners in the past few years, from 2019 to FY24. According to the report, imports from neighbouring countries increased by 3.24% to reach $101.7 billion in FY24. Moreover, the report mentioned that exports from the United States declined…
India’s Services Sector On The Path To Resilience
The Indian service sector is witnessing solid growth because of favourable economic growth, robust demand, and an increasing intake of new projects. However, there are signs of weakness. The HSBC India Services Business Activity Index fell from 61.2 in March to 60.8 in April, but it is still at its highest level in the last…
Abdullah Ansari
Renowned Investor Warren Buffett To Invest In IndiaÂ
Warren Buffett, a world-famous investor, sees great investment opportunities in India. The billionaire expressed his interest in Berkshire Hathaway’s annual meeting on Friday. Buffett acknowledged the high growth potential of the Indian economy, which is currently the fifth-largest in the world. In a press conference, he also highlighted the possibility of future ventures in India. …
Russian Oil Impact: India Saves $7.9 Bn On Oil Imports
Lately, the conflict in some parts of the world has increased the price of crude oil, threatening developing economies like India. However, India’s friendship with Russia has paid off again. According to ICRA, India saved more than $7.9 billion on oil imports in FY 23-24 by buying discounted crude oil from Russia. This is a…
