India’s Core Sector Growth Rises to 6.2% in April India’s core sector growth witnessed a substantial rise, reaching 6.2% in April. This surge marks a significant recovery from the previous month’s growth rate of 6.1%. The core sectors, comprising coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity, play a crucial role…
Indian Economy Grew 7.4% in Q4 FY24, 8% in FY24: SBI Research Report The Indian economy has displayed remarkable resilience in the face of challenges, growing at a robust pace despite global uncertainties. According to a recent SBI research report, the economy surged ahead, recording a growth rate of 7.4% in the fourth quarter of…
India’s Trade Deficit with Top Partners in 2023-24 India has been a key player in the global trade scenario, engaging with various countries across the world. In the fiscal year 2023-24, India’s trade deficit with its top trading partners has garnered significant attention. Analyzing the trade deficit with major partners provides crucial insights into India’s…
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…
China’s Industrial Output Rises 6.7% in April as Manufacturing Gathers Pace China’s industrial output surged by 6.7% in April, showcasing a significant rebound as manufacturing activities accelerated. This growth rate exceeded analysts’ expectations, indicating a robust recovery in the world’s second-largest economy. The expansion in industrial production signifies a positive momentum in China’s manufacturing sector,…
CWUR Report Highlights Indian Higher Education Institutions’ Performance Analysis Introduction: In the global landscape of higher education, India’s institutions have been under scrutiny for their performance and rankings. The recent release of the CWUR (Center for World University Rankings) report has shed light on the performance analysis of Indian higher education institutions. This report encompasses…
UPI Transactions Surge by 56% in India: Worldline Report Introduction: The Unified Payments Interface (UPI) has witnessed a remarkable surge in transactions in India, as reported by Worldline, a leading payment services provider. The report reveals a staggering 56% increase in UPI transactions, reflecting the growing trend of digital payments in the country. Driving Factors…
Mineral Production in the Country Grows by 5.9% during January 2024 The mineral production in India has witnessed a substantial growth of 5.9% during January 2024. This surge indicates a positive trend in the mining sector, which plays a pivotal role in the country’s economy. The increase in mineral production during this period is attributed…
Mumbai Surpasses Beijing as Asia’s Billionaire Capital In a significant shift of economic power, Mumbai has overtaken Beijing to claim the title of Asia’s billionaire capital, as per the latest report by the Hurun Research Institute. This report marks a milestone in the economic landscape of Asia, highlighting the rapid growth and emergence of India…
GOI Approves Electric Vehicle Policy to Boost Local Manufacturing The Government of India (GOI) has recently given the green light to a comprehensive Electric Vehicle (EV) policy aimed at revitalizing the automotive sector and bolstering local manufacturing. This move comes in the wake of escalating concerns regarding environmental sustainability and the urgent need to reduce…
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