Indian Economy

Global Forex Reserves See A Record Decline Of $1 Trillion

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…

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…

Indian Soft Toy Market Valued $1.35 Billion in 2021

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…

Which Is The Leading Company In FMCG Industry India?

Which Is The Leading Company In FMCG Industry India?

Fast-moving consumer goods or FMCG Industry India sells nondurable products at relatively low prices. The FMCG industry is the fourth largest area to contribute to India’s economy. FMCG companies sell products like packaged foods, toiletries, personal care products and consumables. The most popular FMCG products are vegetable groceries and dairy products that are sold relatively…

India’s Q1 GDP Growth Slows From Previous 2 Quarters

India’s Q1 GDP Growth Slows From Previous 2 Quarters

India’s economic growth is likely to stumble again in the first quarter of this year due to Omicron-related restrictions and higher inflation, according to the reports.  The reason behind this consecutive drop in the GDP is the surge in COVID-19 infection caused by the coronavirus variant – Omicron, which resulted in restrictions on the activity…