India Likely to Grow at 7.5% in FY25: NCAER Economic Forecast by NCAER The National Council of Applied Economic Research (NCAER) has forecasted that India is likely to witness a growth rate of 7.5% in the fiscal year 2025 (FY25). This optimistic projection is driven by a combination of factors, including robust domestic demand, increased…
Launch of Website and Mobile App for World Food India 2024 Union Minister of Food Processing Industries, Chirag Paswan, and Union Minister of State for Food Processing Industries and Railways, Ravneet Singh, launched the website and mobile application for World Food India 2024. This initiative aims to promote collaboration and partnerships among global and Indian…
India’s Wholesale Prices Accelerate to 15-Month High of 2.61% in May Rising Wholesale Price Index (WPI) India’s Wholesale Price Index (WPI) rose to a 15-month high of 2.61% in May 2024, reflecting an upward trend in wholesale prices. This significant increase marks the highest level since February 2023, driven by a surge in the prices…
Indian Economy Grew by 8.2% in FY 24: NSO The National Statistical Office (NSO) has released its latest report indicating that the Indian economy grew by 8.2% in the fiscal year 2023-24. This impressive growth rate has significant implications for various sectors and the overall economic landscape of India. Here is an in-depth analysis of…
India’s Fiscal Deficit for FY24: Government Data Analysis Fiscal Deficit Overview India’s fiscal deficit for FY24 improved to 5.6% of GDP, down from the Revised Estimates of 5.8%. This improvement was driven by higher-than-expected tax receipts. The fiscal deficit stood at Rs 16.54 trillion against the budgetary target of Rs 17.86 trillion, showcasing effective financial…
Gross GST Revenue Collection in May 2024: ₹1.73 Lakh Crore; Records 10% YoY Growth The Gross Goods and Services Tax (GST) revenue collection for May 2024 stands at an impressive ₹1.73 lakh crore, marking a significant 10% Year-on-Year (YoY) growth. This achievement reflects the resilience and stability of the Indian economy amidst various global and…
Gautam Adani Reclaims the Title of Asia’s Richest Person Surge in Wealth and Market Capitalization Gautam Adani, the chairman of the Adani Group, has reclaimed his position as Asia’s richest person, surpassing Mukesh Ambani of Reliance Industries. According to the Bloomberg Billionaires Index, Adani’s net worth now stands at $111 billion, placing him 11th globally….
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…
An In-depth Look at India’s Rice Bowl: Andhra Pradesh and Telangana India, known for its diverse agricultural heritage, has certain regions famous for their specific crops. One such region is often referred to as the “Rice Bowl of India.” This term specifically highlights Andhra Pradesh and Telangana, two states renowned for their extensive rice production….
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…
