Rupee Hits Record Low of ₹86 Against US Dollar In a major development in India’s financial landscape, the Indian rupee has hit a record low of ₹86 against the US dollar. This sharp depreciation of the rupee has raised concerns among economists, policymakers, and the general public. The rupee’s value has been under pressure for…
10 Years of NITI Aayog – Shaping India’s Future Introduction: NITI Aayog’s Role in India’s Development NITI Aayog (National Institution for Transforming India) has played a crucial role in shaping India’s policy framework and guiding the nation’s growth trajectory. Established on January 1, 2015, NITI Aayog replaced the Planning Commission, focusing on achieving sustainable development,…
India Revises GDP Base Year to 2022-23 India has revised its Gross Domestic Product (GDP) base year to 2022-23, a move aimed at improving the accuracy and reliability of national economic data. The decision was taken after the release of the 2022-23 GDP data by the National Statistical Office (NSO), replacing the earlier base year…
OECD Raises India’s FY25 Growth Forecast to 6.8% India’s Economic Growth Projection Revised by OECD The Organisation for Economic Co-operation and Development (OECD) has raised India’s GDP growth forecast for the financial year 2025 to 6.8%, a notable revision from its earlier projection. This adjustment underscores India’s robust economic performance and resilience amidst global economic…
India’s Exports Soar by 17% in October, Trade Deficit Hits $27 Billion India’s export performance in October 2024 has shown remarkable growth, with exports soaring by 17% compared to the previous year. This growth has been attributed to strong demand for goods in key sectors, including petroleum products, chemicals, engineering goods, and textiles. The overall…
Most Expensive Countries in the World: An Insight into Global Living Costs Introduction: Overview of the Most Expensive Countries The rising costs of living have become a global concern, with various countries witnessing dramatic increases in the price of everyday goods and services. The latest data reveals that some countries have emerged as the most…
Shaktikanta Das Earns ‘A-‘ in Central Bank Report Card 2024 Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), has been awarded an impressive ‘A-‘ grade in the Central Bank Report Card 2024. This accolade highlights his significant contributions and leadership in steering the Indian economy through challenging times. The report, published by…
The Top 10 Richest Global Central Banks in 2024 Introduction to Central Bank Wealth In 2024, the global financial landscape is significantly influenced by the wealth and assets held by central banks. These institutions play a crucial role in managing national economies and their financial stability. The top 10 richest central banks globally are pivotal…
Klaus Schwab Steps Down from Executive Role at WEF Transition to New Governance Structure Klaus Schwab, the founder and long-time executive chairman of the World Economic Forum (WEF), will transition from his executive role to become the chairman of the board of trustees by January next year. This change marks a significant shift in the…
RBI Projects CPI Inflation at 4.5% for FY25 The Reserve Bank of India (RBI) has recently projected the Consumer Price Index (CPI) inflation to be at 4.5% for the fiscal year 2024-25 (FY25). This projection comes amidst the backdrop of various economic factors influencing inflation rates. The RBI’s forecast holds significance for government exam aspirants,…
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