Core Sector Growth Slows to 6.3% in May 2024 The growth of India’s core sector, comprising eight crucial industries, decelerated to 6.3% in May 2024 from a robust 8% in April 2024. This slowdown reflects mixed performance across the sectors and raises concerns about the economic momentum. The core sectors, which include coal, crude oil,…
“Comprehensive Book List on India’s Budget and Economy” The budget and economy of a country play a pivotal role in various government exams, including those for teaching positions, police officers, banking, railways, defense, and civil service positions like PSCS to IAS. To help aspirants in their preparation, we bring you a comprehensive book list on…
India’s Forex Reserves Surpass $600 Billion Mark after Four-Month Interval India’s economic landscape recently witnessed a significant milestone as its Forex reserves surged past the $600 billion mark after a four-month interval. This achievement stands as a testament to India’s robust economic strategies and resilience in the face of global uncertainties. The steady increase in…
Decline in FDI Inflows from Cayman Islands and Cyprus to India The recent decline in Foreign Direct Investment (FDI) inflows from the Cayman Islands and Cyprus to India has raised significant concerns in the financial and economic sectors. This drop in investment from two major sources demands a closer examination of the underlying reasons and…
India on Track to Become the World’s Third-Largest Economy by 2027 India, under the astute fiscal policies and strategic economic maneuvers, is poised to claim a significant global position. According to recent statements by Finance Minister Nirmala Sitharaman, India is projected to ascend to the coveted spot of the world’s third-largest economy by 2027. This…
IMF Raises India’s FY24 GDP Growth Forecast to 6.3% In a significant development for the Indian economy, the International Monetary Fund (IMF) has raised its GDP growth forecast for India in the fiscal year 2024 to 6.3%. This positive revision comes as a boost to the aspirations of millions of students preparing for various government…
India’s Net Direct Tax Collections Surge by 21.8%, Surpassing Half of Budget Projections India’s economic landscape has been experiencing significant changes, especially in the realm of tax collections. In recent news, the country’s net direct tax collections have seen an extraordinary surge, exceeding even the most optimistic expectations. This article delves into the details of…
India’s Fiscal Deficit Reaches 36% of FY Target in August India, like many nations, grapples with the challenge of managing its fiscal health while striving for economic growth and development. In the pursuit of striking a balance, the country closely monitors its fiscal deficit, a key economic indicator reflecting the gap between government spending and…
OECD Raises India’s Growth Forecast for FY24 to 6.3 Percent The Organisation for Economic Co-operation and Development (OECD) has recently released an encouraging update for India’s economic prospects. In this article, we will explore why this news is significant, provide some historical context, and present five key takeaways for students preparing for various government exams….
India Set to Be Third-Largest Economy by FY28, SBI Research India’s economy is poised for remarkable growth and is on track to become the world’s third-largest economy by FY28, according to a recent report by SBI Research. This prediction comes as a testament to the country’s economic resilience and its potential to emerge as a…
