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…
Retail Inflation Drops to 4-Month Low of 4.87% in October The retail inflation rate in India saw a notable decline, reaching a four-month low of 4.87% in October, as reported by the Ministry of Statistics and Programme Implementation. This drop in the Consumer Price Index (CPI) is attributed primarily to the reduction in food prices,…
India’s Manufacturing PMI Hits 5-Month Low in September The manufacturing sector plays a pivotal role in any country’s economic growth, and monitoring its performance is crucial for policymakers and economists. In recent news, India’s Manufacturing Purchasing Managers’ Index (PMI) has taken a significant dip, hitting a 5-month low in September. This development has far-reaching implications,…
Decline in Wholesale Prices Continues for Fifth Consecutive Month, Reaching 0.52% in August The Indian economy has witnessed a significant trend in recent months – a continuous decline in wholesale prices. As of August, this decline has persisted for the fifth consecutive month, with wholesale prices reaching a mere 0.52%. In this article, we will…
Moody’s Upgrades India’s 2023 GDP Growth Forecast to 6.7% In recent economic developments, global credit rating agency Moody’s has upgraded India’s Gross Domestic Product (GDP) growth forecast for the year 2023 to an optimistic 6.7%. This significant revision comes as a ray of hope for aspirants preparing for government exams, including positions in teaching, police,…
Indian Economy Projected to Grow at 6% in FY24, According to NIPFP Researchers The Indian economy, a cornerstone for various government exams including civil service positions, police officers, and banking, is projected to experience a growth rate of 6% in the fiscal year 2023-24, as forecasted by researchers from the National Institute of Public Finance…
China’s Economy Slips into Deflation: Implications and Countermeasures In a significant economic development, China, one of the world’s largest economies, has recently slipped into a state of deflation. This news holds crucial implications not only for China but also for the global economic landscape. Understanding the reasons behind this deflationary trend and the measures being…
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