India Beat China To Be The Biggest Gold Jewellery Buyer
As per the latest report from the World Gold Council, India beat China and emerged as the world’s biggest buyer of gold jewellery in 2024. In the previous year, India’s jewellery consumption stood at 563.4 tons, but China’s was 511.4 tons, 52 tons less. The report from the World Gold Council highlights that the Indian…
ABHYUDAYA MITTAL
How Will The Oil Price Surge Impact The Indian Economy?
Russia and Ukraine’s missile exchange caused International crude oil prices to spike 2% on Thursday, November 21. The last time Brent crude prices rose from $1.04 (1.4%) to $73.85. The WTI (West Texas Intermediate) recovered $1.46 (2.1%) to $70.22. This week, WTI gained 4.8%, while Brent Crude went up 1.8%. Crude oil traded 1.49% higher…
India’s New Shipyards Eye 3M Tonnes Cargo Capacity!
India is all set to build new shipyards by 2030, with the aim of dominating the global shipbuilding market with a share of $100 billion. Moreover, these shipyards will play a crucial role in upgrading the current cargo capacity from 1.25 million tonnes to 3 million tonnes. Sarbananda Sonowal, the minister of Ports and Shipping,…
abhinav singh
Reliance Layoff Raises Economic Red Flags in India
India’s largest conglomerate, Reliance, announced an 11% reduction in its workforce, laying off 42,000 employees. According to Livemint, most of these employees were either contract workers or part-time employees. The company also hired 33% fewer fresh recruits than the previous year. RIL has recruited merely 1.17 lakh new recruits in this fiscal year. These changes…
Can India Expect Changes In Union Budget 2024-25?
The final Union Budget 2024-25 is set to be presented on July 23. The interim budget for 24-2025 was launched in February, and now India is expecting some changes in the final budget, according to reports. According to the officials, the centre might propose changes in the customs rules to remove heavy anomalies, retain certain…
Suryansh
First ‘Startup Mahakumbh’: All The Highlights Of The Event
The Indian economy is the fastest-growing in the world, and startups have played a huge role in its growth. As many as 100,000 startups were started in 2023 alone. For this reason, the government of India introduced a three-day event in Delhi called the ‘Startup Mahakumbh’. The event’s sole purpose was to bolster the Indian…
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…
Yash Sharma
Union Budget 2024-25: What To Expect?
Finance Minister of India, Dr Nirmala Sitaraman, will present the 2024-2025 union budget today, February 1, with high expectations for the healthcare, education, infrastructure, and income tax fronts. With this new budget, the government hopes to sustain the nation’s economic growth and attain a lower than previous year and acceptable fiscal deficit target. In its…
RBI Estimates India’s Annual Growth At 7% For FY2023-24
The Reserve Bank of India has estimated that the growth rate of India’s GDP in the fiscal year 2023-24 will be around 7%. Previously, the predicted growth was at 6.5%. The Indian economy grew more than expected, with 7.6% growth in the quarter ending in September and then recorded a growth of 7.8% in the…
India Expects Its Agriculture Exports To Hit $53 Billion
This fiscal year, India reached the milestone of $53 billion in agriculture exports. However, after having banned the export of many agricultural commodities, India still expects the same revenue of $53 billion. The country banned the export of various commodities including rice, wheat and sugar. This export ban is expected to cost the country around…
Vipin