Reason Why NRIs are Investing Big in the Indian Economy
The Indian diaspora is showing renewed confidence in the Indian economy, with NRI deposit inflows surging to $7.8 billion between April and August this year. ...
Tag : Indian economy
India’s Factory Growth Slowed to an Eight-Month Low in September: PMI
India’s factory growth slowed to an eight-month low in September 2024, with the HSBC final India Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global,...
RBI Sells Bonds for 11th week, Longest Streak in Nearly Three Years
Data published on Friday indicated that the RBI sold bonds worth 11.95 billion rupees (about USD 161.85 million) in the week ending September 20, bringing...
India to Borrow Rs 6.61 Lakh Crore from Market in H2, Accounting for 47.2% of Yearly Plan
The Indian government, in coordination with the Reserve Bank of India (RBI), revealed its intention on Thursday (September 26) to secure Rs 6.61 lakh crore...
Decrease in Crude Oil Prices Affecting India’s Oil Exports: CRISIL
The decrease in crude oil prices has affected India’s oil exports, resulting in a decline in overall exports in August. According to CRISIL, the scarcity...
Gross Direct Tax Collections Surged by 21% to Rs 12.01 Lakh Crores, April-Mid Sept Data
India’s gross direct tax collections for 2024 showed significant growth, with a 21.48% increase as of September 17, 2024. The surge in Securities Transaction Tax...
US Fed Interest Rate Cut by 50 Basis Points and its Impact on India
On Wednesday, September 18, the US Federal Reserve cut interest rates by 50 basis points, marking the first reduction over four years. In its announcement,...
India’s Economic Relationship with China “Unfair”, Lacking Balance: Jaishankar
India’s External Affairs Minister S Jaishankar expressed concerns about the imbalance in economic relations with China, with Indian goods facing limited market access compared to...
Petrol and Diesel Prices may Reduce on Global Crude Rate Cuts: Petroleum Secretary
If global oil prices stay low, petrol and diesel prices may be cut in India. This relief is much needed as current prices encourage inflation...
India’s Economy to Remain Strong Despite Muted Global Growth: World Bank
According to the most recent India Development Update by the World Bank, India’s Trade Opportunities in a Changing Global Economy, India’s economy is continuing to...