India GDP Growth Forecast 2025: RBI Repo Rate Cut & Economic Outlook India’s economic landscape is poised for steady growth, with projections indicating a 6.4% expansion in both FY25 and FY26. This forecast, provided by S&P Global Market Intelligence, reflects a resilient economy navigating global challenges and domestic policy shifts. The Reserve Bank of India…
The Reserve Bank of India (RBI) has announced a significant measure to address the prevailing liquidity crunch in the banking sector by initiating a $10 billion foreign exchange (forex) swap. This three-year swap auction is scheduled for February 28, 2025, and aims to infuse approximately ₹870 billion into the banking system. This move underscores the…
RBI Maintains SBI, HDFC Bank, and ICICI Bank as D-SIBs (Domestic Systemically Important Banks) Introduction On November 13, 2024, the Reserve Bank of India (RBI) announced that it has maintained the status of State Bank of India (SBI), HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs). These banks, being crucial to the…
Meta Partners with IndiaAI: A Leap Towards Open Source AI Innovation In a significant move to promote open-source artificial intelligence (AI) innovation, Meta has partnered with IndiaAI, a government initiative aimed at advancing AI research and applications in India. This collaboration is expected to foster a vibrant ecosystem for developers, researchers, and businesses to innovate…
India’s Forex Reserves Surge to $623.2 Billion, Registering a $2.75 Billion Increase India’s foreign exchange reserves have witnessed a substantial surge, reaching a remarkable figure of $623.2 billion. This substantial rise marks an increase of $2.75 billion, showcasing the country’s robust economic fortitude in the global financial landscape. Amidst global economic volatility, India’s continuous efforts…
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