Drop in India’s Foreign Exchange Reserves to $688.26 Billion India’s foreign exchange reserves have witnessed a notable decline, now standing at $688.26 billion as of October 20, 2023. This decrease, amounting to $4.84 billion, is a significant concern for the Indian economy, as these reserves play a crucial role in maintaining the country’s financial stability…
India’s Forex Reserves Hit Record High of $692.3 Billion Introduction to Forex Reserves India’s foreign exchange (Forex) reserves have reached an unprecedented milestone of $692.3 billion, according to the Reserve Bank of India (RBI). This marks a significant increase from the previous week’s total of $690 billion. This surge in reserves can be attributed to…
The Reserve Bank of India (RBI) has released a survey highlighting that the United States (US) has surpassed the United Arab Emirates (UAE) as the largest source of remittances to India. This marks a significant shift in India’s remittance inflows, demonstrating the increasing contribution of the Indian diaspora in the US. The findings of the…
Introduction: A Strategic Leap into Quantum Computing The recent partnership between tech giants IBM and Tata Consultancy Services (TCS) marks a significant milestone in India’s technological advancement. With a focus on quantum computing, this collaboration aims to foster innovation and research in emerging technologies. The initiative is centered in Amaravati, Andhra Pradesh, signaling a regional…
India’s Foreign Exchange Reserves Reach Record High India’s foreign exchange reserves have recently hit a record high, showcasing the resilience and strength of the nation’s economy. The Reserve Bank of India (RBI) reported that the country’s forex reserves surged to a remarkable $642.453 billion in the week ending March 25, 2024. This achievement marks a…
India Sets a New Export Record India’s exports have hit an all-time high, reaching a remarkable $824.9 billion in the fiscal year 2024-25, according to the Reserve Bank of India (RBI) data. This milestone marks a significant achievement in India’s international trade, reflecting strong growth in multiple sectors, including technology, pharmaceuticals, and engineering goods. The…
NITI Aayog Unveils Fiscal Health Index 2025 in New Delhi Introduction to the Fiscal Health Index 2025 On January 25, 2025, NITI Aayog unveiled the Fiscal Health Index (FHI) 2025 in New Delhi. The index is a significant step in India’s economic planning, aimed at evaluating the fiscal health of states and union territories across…
UPI’s Dominance in India’s Digital Payments Landscape The growth of India’s digital payments ecosystem has been remarkable over the past few years, and one of the key drivers of this revolution is the Unified Payments Interface (UPI). The UPI system, launched in 2016 by the National Payments Corporation of India (NPCI), has significantly transformed the…
Introduction: Asia’s Richest Families in 2025 As per a recent report by Bloomberg, the wealthiest families in Asia have shown extraordinary resilience in the face of global economic challenges. These families, who control billions in assets, have diversified their wealth across multiple industries, ranging from technology and finance to real estate and consumer goods. The…
SP Global Ratings Forecasts 75 Basis Points Repo Rate Cut in India in 2024-25 In a recent forecast by SP Global Ratings, a significant monetary policy move is anticipated for India in the fiscal year 2024-25. The forecast suggests a substantial reduction of 75 basis points in the repo rate, a key monetary policy tool…
