India Surpasses Japan to Become the World’s Fourth-Largest Economy In a landmark achievement, India has overtaken Japan to become the world’s fourth-largest economy, with a nominal GDP of approximately $4.187 trillion, according to the International Monetary Fund (IMF). This milestone was confirmed by NITI Aayog CEO B.V.R. Subrahmanyam during the 10th Governing Council meeting, underscoring…
Economic Survey 2025: Nirmala Sitharaman Tables the 2024-25 Report – A Detailed Analysis Overview of the Economic Survey 2025 The Economic Survey 2025, presented by Union Finance Minister Nirmala Sitharaman, outlines the state of India’s economy for the year 2024-25. The report, which serves as a precursor to the Union Budget, provides a detailed analysis…
Overview of the Rating Upgrade Morningstar DBRS, a prominent global credit rating agency, has elevated India’s long-term foreign and local currency issuer ratings from ‘BBB (low)’ to ‘BBB’, maintaining a stable trend. This upgrade signifies a positive assessment of India’s economic policies and fiscal management. Additionally, the short-term foreign and local currency issuer ratings have…
Government Imposes 12% Tariff on Steel Imports to Protect Domestic Producers In a significant move aimed at strengthening the domestic steel industry, the Government of India has imposed a 12% import tariff on select categories of steel. This measure is designed to counter the influx of cheap steel imports, particularly from countries like China, which…
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,…
Introduction: A Major Boost to Adani Group In a significant financial development, BlackRock, the world’s largest asset manager, has reportedly extended its support to a $750 million private bond issuance by the Adani Group. This move signals renewed confidence in the conglomerate after a turbulent year marked by allegations of stock manipulation and financial mismanagement….
The Reserve Bank of India (RBI) has been honored with the Digital Transformation Award 2****025 for its innovative digital initiatives PRAVAAH and SARTHI. This prestigious recognition highlights RBI’s commitment to leveraging technology for streamlining operations and enhancing financial inclusivity across India. What are PRAVAAH and SARTHI? PRAVAAH: Digital Facilitation System PRAVAAH (Platform for Regulatory Application,…
Economic Survey 2025: Key Insights and Takeaways for Aspirants Introduction to Economic Survey 2025 The Economic Survey 2025, presented by the Government of India, is a crucial document that highlights the economic performance of the country. Released annually before the Union Budget, this survey assesses the overall health of the economy, identifies key challenges, and…
How Budgets Have Shaped India’s Economy: A Historical Perspective Introduction: Understanding the Role of Budgets in India’s Economy The Indian Union Budget is one of the most critical financial documents for the country. It reflects the government’s priorities, fiscal policies, and vision for the country’s economic growth. Since the first budget presented in 1947, budgets…
India’s GDP Growth Projected to Reach 6.7% in FY25 India’s economy is poised for a significant growth trajectory in FY25, with the projected GDP growth rate reaching 6.7%. This forecast, issued by various economic experts and agencies, highlights India’s resilience and steady economic recovery in the face of global challenges. Several factors, including strong domestic…
