Foreign Exchange Reserves Soar to 20-Month High, Reaching $616 Billion The nation’s foreign exchange reserves have hit a significant milestone, ascending to a staggering $616 billion, marking a peak not seen in 20 months. This surge is a testament to the robustness and stability of the country’s economic fundamentals, positioning it favorably amidst global economic…
Trade Deficit Narrows to Nearly $21 Billion in November The trade deficit, a key economic indicator, demonstrated a promising shift in India’s economic landscape as it narrowed to almost $21 billion in November. This encouraging development reflects a substantial decrease compared to the corresponding period last year, signifying an upward trajectory in the nation’s trade…
India’s Manufacturing Sector Shows Resilience in November with a PMI of 56 The Indian manufacturing sector has demonstrated commendable resilience in the month of November, showcasing a Purchasing Managers’ Index (PMI) of 56. This significant indicator, released by IHS Markit, reflects a noteworthy expansion despite global economic challenges. In a time when economies worldwide are…
“Growth of Core Industries Surges by 12.1% in October 2023” The growth of India’s core industries soared remarkably by 12.1% in October 2023, marking a significant upsurge compared to the previous months. This notable expansion is a promising sign for the country’s economic prospects, especially considering the crucial role these industries play in driving various…
India’s Wholesale Price Index (WPI) Records Seventh Consecutive Month of Deflation in October India’s Wholesale Price Index (WPI) has marked a significant economic trend, registering a seventh consecutive month of deflation in October. The WPI, a key metric gauging inflation at the wholesale level, dipped by 0.17% in October 2023. This decline is primarily attributed…
UBS Raises India’s GDP Forecast to 6.3% for FY24 In a positive turn of events, the global financial services firm UBS has revised India’s GDP forecast for the fiscal year 2023-24 to 6.3%. This upward revision from its earlier projection of 6% demonstrates the potential for economic growth in India. This news holds significant importance…
Euro Zone PMI Hits Lowest in Nearly 3 Years, Stirs Recession Worries The Euro Zone Purchasing Managers’ Index (PMI) has recently hit its lowest point in nearly three years, sparking concerns about a possible recession. This development has significant implications for students preparing for various government exams, including positions in teaching, law enforcement, banking, railways,…
India’s Fiscal Deficit Reaches 36% of FY Target in August India, like many nations, grapples with the challenge of managing its fiscal health while striving for economic growth and development. In the pursuit of striking a balance, the country closely monitors its fiscal deficit, a key economic indicator reflecting the gap between government spending and…
The Race for Wealth: Which Country Tops the List as the Richest in the World? In the ever-evolving landscape of global economics, the question of which country holds the title of the world’s richest is a topic of considerable interest and debate. This article explores the recently released data on the richest country in the…
ICRA Forecasts India’s GDP Growth of 8.5% in Q1 2023 The Indian economy is a topic of utmost importance for aspirants preparing for various government exams, from civil services like IAS to banking and police officer positions. Keeping a keen eye on economic forecasts is crucial, and the latest prediction by ICRA (Investment Information and…
