India Economy

News and Trends

India's Economy Set to Grow by 7% in 2024-25, Boosted by Strong Industrial and Service Sectors: ADB Report

The central government's debt is expected to decrease from 58.2 per cent of GDP in FY 2023-24 to 56.8 per cent by FY 2024-25, while the general government deficit, including state governments, is predicted to fall below 8 per cent of GDP

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How MSMEs uphold the backbone of India's economy

This sector has emerged as a highly vibrant and dynamic area of the Indian economy over the last five decades.

News and Trends

Bangladesh Crisis Presents Indian RMG Sector With $250 Million Monthly Export Opportunity: Report

The socio-political uncertainties prevailing in Bangladesh may result in global RMG (readymade garment) brands and retailers in India to gain around 6-8 per cent of Bangladesh's monthly export orders

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We Want To Be Part Of India's Economic Miracle, Says US Official

According to Donald Lu, the United States is proud to host more than 200,000 Indian students who are studying at US universities

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World Bank Cuts India's Growth Forecast For 2023-24: Report

The World Bank also signified that the Indian government is likely to meet its fiscal deficit target of 5.9% of GDP in 2023-24

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India's Manufacturing Sector Hits 3-Month High In March: Survey

In a nutshell, the survey supports views that Asia's third-largest economy is better placed than many to weather the impact of a potential global downturn

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India's Growth May Benefit From Accelerated Implementation Of Reform Agenda, Says World Bank

The report said addressing the aftermath of financial sector distress in India could unlock significant growth

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Indian Economy Is Likely To Grow 6.5% In Coming Decade, Says CEA

According to him, the global exports growth volumes may be somewhat tepid in terms of their growth rates due to the kind of uncertainties the world is facing

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Indian Economy Will Contribute 15% Of Global Growth In 2023, Says IMF MD

Kristalina Georgieva further noted that India continues to be a shining light at a time when the IMF expects 2023 to be challenging due to a slowdown in global GDP from 3.4% last year to 2.9% in 2023

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India And China Likely To Account For Half Of 2023 Global Economic Growth: IMF

IMF also said that it is expecting some slowdown in the Indian economy next fiscal year and projected the growth to 6.1% from 6.8% during the current fiscal ending March 31

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Richest 1% Indians Own More Than 40% Of Country's Wealth: Report

The report stated that the top 5% own 61.7% of the total wealth; nearly 20 times more than the 3% owned by the bottom half

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India's Current Account Deficit Is Likely To Be At 3 Per Cent: SBI Report

A positive shock to oil prices leads to immediate and sharp increase in CAD but the same dissolves completely in about eight quarters

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India's BoP Is Likely To Slip Into Deficit Of $40-$50 Billion: Report

The International Monetary Fund has estimated India's FY23 current account deficit (CAD) at $121 billion or 3.5 per cent of GDP

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Cash With Public At Record High Of INR 30.88 Lakh Crore

According to reports, at INR 30.88 lakh crore, the currency with the public is 71.84 per cent higher than the level for the fortnight ended November 4, 2016

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India To Become Third-Largest Country In Market Capitalization: Report

The report states that, India's GDP is likely to surpass $7.5 trillion by 2031, more than double the current levels, making it the third-largest economy