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…
Monika Gola
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…
Ojasvi
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…
India #1 In Population: Exploring The Good And Bad
“India is projected to have a population of 1.66 billion by 2050, as per Business Standard.” Reports say that India’s population might already have exceeded that of China. While different predictions have slightly varying results, one thing is for sure. That India would be the world’s most populous nation by the end of April. The…
Vipin
WPI Inflation Rate Dropped 29-Month Low Of 1.34% In March
The Wholesale Price Index (WPI) inflation rate dropped to its 29-month low in March. Due to the moderation in the price of manufacturing goods and commodities, the inflation rate of goods was 1.34% in March from 3.85% in February. As per the data released by the Ministry of Commerce on Monday, the manufacturing items rate…
India’s Q3 GDP Growth Data: Key Things To Know
Yesterday, the Government released India’s Q3 growth data for October-December 2022. The National Statistical Office(NSO) released an estimate of the growth rate in FY23 along with some numbers that show the slowdown in the economy due to inflation. According to the Government’s data, the estimated GDP growth for FY23 is expected to increase by 7…
abhinav singh
World Bank Cuts India’s GDP Forecast to 6.5%
The World Bank reduced India’s growth prediction for 2022-23 (April-March) by 100 basis points, forecasting that the Indian economy will grow at 6.5 per cent, down from 7.5 per cent in June. India’s GDP registered a growth of 8.7 per cent in 2021-22. The Bank marked in its latest South Asia Economic Focus, issued ahead…
Roopa
Global Forex Reserves See A Record Decline Of $1 Trillion
Global foreign-currency reserves are declining rapidly as the central banks of India and the Czech Republic step in to support their currencies. This year reserves have fallen by around 7.8% ($1 trillion). It is the biggest decline since Bloomberg began gathering data. Valuation changes have contributed significantly to this downturn. The dollar’s rise to two-decade…
Shipra Prajapati
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…
Indian Soft Toy Market Valued $1.35 Billion in 2021
The Indian toys market witnessed immense growth last year, valued at $1.35 billion. Looking forward, IMARC (International Market Analysis Research and Consulting) Group expects the market to reach US$2.73 billion by 2027, exhibiting a CAGR (Compound Annual Growth Rate) of 12.6% during 2022-27. “Keeping in mind the uncertainties of COVID-19, we are continuously tracking and…
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