RBI Data Shows Significant Decline in Net FDI to $10.5 Billion in FY24 RBI Report Highlights Decline The Reserve Bank of India’s (RBI) recent data indicates a significant decline in net Foreign Direct Investment (FDI) to $10.5 billion in the fiscal year 2024 (FY24). This marks a substantial drop compared to the previous fiscal year’s…
OECD Raises Indian Economy Growth Forecast to 6.6% for 2024-25 The Organisation for Economic Co-operation and Development (OECD) has recently revised its growth forecast for the Indian economy, projecting a growth rate of 6.6% for the fiscal year 2024-25. This upward revision reflects the positive outlook for India’s economic recovery amidst global uncertainties. The OECD’s…
Exploring the Top 10 Cotton Producing Countries in the World Cotton, often referred to as ‘white gold’, holds significant importance in global trade and economies. Its versatility and widespread usage make it a crucial commodity across various industries, from textiles to fashion and beyond. Understanding the dynamics of cotton production and the leading countries in…
Unveiling the State of Global Startup Ecosystem: Hurun Global Unicorn Index 2024 In the dynamic landscape of global entrepreneurship, the Hurun Global Unicorn Index 2024 has emerged as a beacon, shedding light on the current state of the startup ecosystem worldwide. This index, compiled annually by the renowned Hurun Research Institute, provides a comprehensive overview…
Global Trade Overview 2023 and 2024 Outlook: UNCTAD Report Global trade, the backbone of the world economy, stands at a crucial juncture as we delve into the insights provided by the UNCTAD report on the overview for 2023 and the outlook for 2024. In this comprehensive analysis, we uncover the key trends, challenges, and prospects…
Core Sector Output Growth Hits Six-Month Low at 7.8% in November The Core Sector, a significant contributor to India’s industrial output, witnessed a slowdown in growth, marking a six-month low at 7.8% in November. This slowdown, reported by the Ministry of Commerce and Industry, unveils crucial insights into the country’s economic health, signaling potential challenges…
Surge in Deposits and Advances for Scheduled Banks to Over ₹2 Lakh Cr Each in December 1 Fortnight The recent surge in deposits and advances for scheduled banks to over ₹2 lakh crore each during the December 1 fortnight has unveiled a significant upturn in the banking sector. This notable increment in both deposits and…
Crude Oil Dips Below $78 a Barrel – Industry Data Reveals Crude oil prices have taken a significant downturn, dipping below the $78 mark per barrel, according to the latest industry data. This substantial drop has sparked discussions and market analysis, impacting various sectors globally. The fluctuations in crude oil prices have always been a…
Global Grain Price Outlook for 2024: Anticipated Decline with Rice as a Standout Exception The world of agriculture faces a pivotal juncture as experts prognosticate a nuanced trajectory for global grain prices in the upcoming year. Amidst projections of an overall decline, the exceptional ascent of rice prices stands as a striking outlier. This foresight…
India on Track to Become the World’s Third-Largest Economy by 2027 India, under the astute fiscal policies and strategic economic maneuvers, is poised to claim a significant global position. According to recent statements by Finance Minister Nirmala Sitharaman, India is projected to ascend to the coveted spot of the world’s third-largest economy by 2027. This…
