Indian Economy

India #1 In Population: Exploring The Good And Bad

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…

WPI Inflation Rate Dropped 29-Month Low Of 1.34% In March

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

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…

World Bank Cuts India’s GDP Forecast to 6.5%

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…

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…