India’s Index of Industrial Production (IIP) registered a notable growth of 5.0% in January 2025, improving from the 3.2% growth recorded in December 2024. This rise indicates a strengthening industrial sector, with increased production across various industries contributing to this positive development. Manufacturing Sector Leads the Growth The manufacturing sector played a pivotal role in…
India’s FY25 Outlook: Per Capita GDP to Rise by ₹35,000 India’s economy is poised for significant growth in fiscal year 2024-25 (FY25), with projections indicating that the country’s per capita GDP is set to rise by ₹35,000. This growth reflects the continuing recovery in various sectors of the economy and an optimistic outlook for India’s…
Manish Singhal Appointed Secretary-General of ASSOCHAM Introduction to the News Manish Singhal has recently been appointed as the new Secretary-General of the Associated Chambers of Commerce and Industry of India (ASSOCHAM). This move is a significant development for the industry, as ASSOCHAM plays a crucial role in shaping the economic landscape of India. Manish Singhal’s…
Morgan Stanley Cuts India’s FY25 GDP Growth Forecast to 6.3% Overview of the News Morgan Stanley, a leading global financial services firm, has revised India’s GDP growth forecast for FY25 down to 6.3%, citing factors such as weak consumption, investment, and global economic uncertainty. The previous forecast had estimated a growth rate of 6.5%. This…
SBI Raises ₹10,000 Crore via 15-Year Infrastructure Bonds at 7.36% Coupon State Bank of India (SBI), India’s largest public sector bank, has successfully raised ₹10,000 crore through 15-year infrastructure bonds with a coupon rate of 7.36%. This fundraising initiative aims to bolster the bank’s capital base and support the financing of critical infrastructure projects across…
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