RBI Eases FCNR(B) Deposit Rates to Boost Foreign Inflows Amid Global Softening Overview of the RBI’s Decision On December 8, 2024, the Reserve Bank of India (RBI) announced its decision to ease the Foreign Currency Non-Resident (FCNR) Deposit rates in an attempt to enhance foreign inflows into the country. The move comes amid global economic…
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…
RBI Lifts Supervisory Restrictions on Navi Finserv The Reserve Bank of India (RBI) has recently removed the supervisory restrictions placed on Navi Finserv. These restrictions were imposed on the financial services company due to certain regulatory concerns. The lifting of these restrictions marks a significant step for Navi Finserv in its operations and governance, as…
India’s GDP Slows to Seven-Quarter Low of 5.4% in Q2 2024-25: NSO Report In a recent report by the National Statistical Office (NSO), India’s Gross Domestic Product (GDP) has recorded a growth rate of 5.4% for the second quarter of the financial year 2024-25. This marks the lowest growth rate in the past seven quarters,…
Government Should Include Coking Coal in Critical Minerals List Introduction The Indian government has been urged by industry experts and policymakers to include coking coal in its list of critical minerals. Coking coal, which is primarily used in the production of steel, plays a crucial role in supporting India’s infrastructure and industrial growth. Currently, India…
Moody’s Optimistic About India’s Economic Growth Despite Volatility Overview of Moody’s Economic Outlook on India Moody’s Investors Service, a leading global credit rating agency, has shown an optimistic outlook for India’s economic growth despite the ongoing global financial volatility. Moody’s predicts that India’s economy will continue to grow at a robust pace, driven by strong…
WPI Inflation Soars to 4-Month High of 2.36% in October Amid Surge in Food Prices Introduction The Wholesale Price Index (WPI) inflation in India surged to a four-month high of 2.36% in October 2024, primarily driven by a sharp increase in food prices. This inflationary pressure, which measures the average change in prices of goods…
NIPFP Lowers India’s FY25 GDP Growth Estimate to 6.9-7.1% The National Institute of Public Finance and Policy (NIPFP) has recently revised its growth forecast for India’s Gross Domestic Product (GDP) for the fiscal year 2024-25 (FY25). The new estimate stands at a range of 6.9% to 7.1%, a downward adjustment from previous forecasts. This revision…
Decline in FDI in India’s Food Processing Sector in 2023-24 Introduction: Decline in FDI in India’s Food Processing Sector In the financial year 2023-24, India has witnessed a notable decline in Foreign Direct Investment (FDI) within its food processing sector. This sector, once a burgeoning area of growth, has faced challenges that have led to…
Retail Inflation Eases to 5-Year Low of 3.5% in July Overview of the News In July 2024, India’s retail inflation rate dropped to a five-year low of 3.5%, according to recent data released by the Ministry of Statistics and Programme Implementation. This marked a significant decline from previous months, reflecting a favorable shift in the…
