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…
India Rises to 39th Position in WEF Travel & Tourism Development Index 2024 India has marked a significant milestone in the global tourism landscape by ascending to the 39th position in the prestigious Travel & Tourism Development Index (TTDI) 2024, released by the World Economic Forum (WEF). This advancement underscores India’s growing prominence as a…
Mukesh Ambani and Gautam Adani Secure Positions Among the World’s Top 15 Super-Rich In a remarkable achievement for Indian business magnates, Mukesh Ambani and Gautam Adani have secured positions among the world’s top 15 super-rich individuals. This news not only highlights their personal success but also underscores the growing influence of Indian entrepreneurs on the…
India’s April Trade Performance: Exports Inch Up, Trade Deficit Widens Overview of India’s April Trade Performance India’s trade performance in April 2024 has shown a mixed bag of results, with a slight increase in exports coupled with a significant widening of the trade deficit. According to the latest data released by the Ministry of Commerce…
Indian Public Sector Companies Seek Overseas Critical Mineral Assets In a strategic move to secure essential minerals, Indian public sector giants Coal India, NMDC, and ONGC Videsh are actively pursuing overseas assets. This initiative is aimed at reducing India’s dependence on imports and ensuring a stable supply of critical minerals necessary for various industries. The…
India’s Retail Inflation Marginally Eases to 4.83% in April India’s retail inflation, as measured by the Consumer Price Index (CPI), marginally eased to 4.83% in April compared to 5.52% in March, mainly due to lower food prices. The data released by the Ministry of Statistics and Programme Implementation indicates a slight relief from the recent…
Indian Export Performance in 2023-24 Under Minister Piyush Goyal India’s export performance in the fiscal year 2023-24 has shown promising growth under the leadership of Minister Piyush Goyal. Despite global economic challenges, India has managed to strengthen its position in the international market, marking a significant milestone in its trade endeavors. India’s export sector plays…
P-Note Investments in Indian Markets Soar to Nearly 6-Year High In recent developments, investments through participatory notes (P-Notes) in the Indian markets have surged to a nearly six-year high, reaching a staggering figure. This significant increase in P-Note investments indicates growing investor confidence in the Indian market despite global uncertainties. Let’s delve deeper into this…
GetVantage Secures NBFC License from RBI: Pioneering RBF Start-up Introduction: In a significant development, GetVantage, a pioneering Revenue-Based Financing (RBF) start-up, has successfully secured a Non-Banking Financial Company (NBFC) license from the Reserve Bank of India (RBI). This milestone marks a pivotal moment in the realm of alternative financing in India, opening new avenues for…
OECD Raises Indian Economy Growth Forecast to 6.6% for 2024-25 The Organisation for Economic Co-operation and Development (OECD) has recently revised its growth forecast for the Indian economy, projecting a growth rate of 6.6% for the fiscal year 2024-25. This upward revision reflects the positive outlook for India’s economic recovery amidst global uncertainties. The OECD’s…
