RBI Bags Risk Manager of the Year Award 2024 by London’s Central Banking Publication The Reserve Bank of India (RBI) has been honored with the prestigious “Risk Manager of the Year Award 2024” by London’s Central Banking Publication. This accolade recognizes the RBI’s exceptional risk management practices and its proactive approach in navigating the complex…
India’s Foreign Exchange Reserves Surge by $2.56 Billion to Reach $644.15 Billion Significant Increase in Reserves India’s foreign exchange reserves saw a substantial increase of $2.56 billion, reaching $644.15 billion for the week ending May 10, 2024. This surge comes after a previous increase of $3.668 billion, marking a positive trend following three consecutive weeks…
India’s Internet Economy Poised to Reach $1 Trillion by 2030, Experts Predict The digital landscape in India is on a trajectory of unprecedented growth, with experts forecasting that the country’s internet economy is set to soar to a staggering $1 trillion by the year 2030. This projection comes on the heels of a remarkable surge…
India’s Factory Output and Industrial Production Highlights India’s industrial production witnessed a significant uptick in the latest data released by the government. The Index of Industrial Production (IIP) rose by 12.9% in March compared to the same period last year. This surge comes after a period of sluggish growth, indicating a potential rebound in the…
India’s Industrial Production Growth Slows to 4.9% in March 2024 India’s industrial production growth rate decelerated to 4.9% in March 2024, indicating a slowdown in the country’s manufacturing sector. This figure, released by the government’s National Statistical Office (NSO), is a cause for concern as it signifies a notable drop compared to the previous month’s…
India’s Fiscal Update 2023-24: Deficit and Revenue Surge In the fiscal year 2023-24, India witnessed significant developments in its fiscal landscape, marked by a notable surge in both deficit and revenue. This fiscal update holds paramount importance for aspirants preparing for various government exams, including those aspiring for positions in teaching, police services, banking, railways,…
Moody’s Analytics Forecasts India’s Economy to Grow by 6.1% in 2024 Moody’s Analytics, a renowned financial intelligence company, has recently forecasted India’s economic growth rate to reach 6.1% in the year 2024. This projection comes amidst a backdrop of global economic shifts and domestic policy changes, indicating both challenges and opportunities for India’s development trajectory….
India’s Economic Update: Retail Inflation Dips to 10-Month Low, IIP Surges India’s economic landscape has recently witnessed significant shifts, with noteworthy updates in retail inflation and industrial production. These developments carry implications for various sectors and stakeholders across the nation. Retail Inflation at 10-Month Low The latest data reveals a welcome decline in retail inflation,…
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,…
India’s GDP Growth Forecast at 6.2% for 2024 India’s economic landscape has been under scrutiny with the recent release of a significant report by the United Nations, projecting a GDP growth rate of 6.2% for the year 2024. This promising forecast comes after a period of economic turbulence exacerbated by the global pandemic. Understanding the…
