Indian Economy

First ‘Startup Mahakumbh’: All The Highlights Of The Event

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

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…

Union Budget 2024-25: What To Expect?

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

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

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…

RBI To Retain Repo As Inflation Remains In Check

RBI To Retain Repo As Inflation Remains In Check

The Reserve Bank of India is all set to retain 6.5% short-term interest rates in its monetary policy review as inflation remains in its comfort zone and the economy’s growth rate increases steadily. The Governor of RBI, Shaktikanta will lead the 3-day deliberation of MPC from 6 to 8 December and can make the said…

India’s Equity Market Cap Touches $4 Trillion Mark

India’s Equity Market Cap Touches $4 Trillion Mark

A few weeks ago we heard that that India will soon cross the $4 trillion mark, and now that news has come to fruition. Indian Equity market cap has finally reached the $4 trillion mark. The total market cap of all the stocks listed on the  BSE hit an all-time high figure of ₹ 333…

India’s G20 Summit: A Mission Towards Stronger Economy

India’s G20 Summit: A Mission Towards Stronger Economy

In the growing economic realm, India has taken the wheel of the G20, a key international organization focused on promoting economic cooperation among nations to tackle global challenges. With a rapidly growing economy, India is going towards more than 6% GDP growth, according to the World Bank. India has become the world’s fifth-largest economy by…

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 ₹100 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…

India Perseveres On Amidst Global Slowdown

India Perseveres On Amidst Global Slowdown

“Headwinds from a slowing global economy are beginning to weigh more on exports,” believes Rahul Bajoria, an economist from Barclays Plc. However, that doesn’t bode well for India, whose exports declined for four months straight. The exports registered a decline of 13.9% in March, while the imports decreased by 7.90% compared to the figures of…

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