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Economy

April 1, 2024 3:33 PM

“Transformation occurred due to honesty, consistency in our efforts”: PM Modi lauds RBI

Prime Minister Narendra Modi on Monday applauded the transformation that the Reserve Bank of India witnessed in the last decade and said that the changes occurred in the banking system due to the honesty and consistency in the efforts of the governme...

April 1, 2024 3:45 PM

India’s growth momentum continues as credit rating agencies revise projections upward

Major credit rating agencies have revised India’s 2024 growth projections upwards, indicating growing confidence in the nation's economic potential. India’s economy witnessed impressive growth rates in the first three quarters of FY 2024, record...

April 1, 2024 9:23 AM

PM Modi to address ceremony marking 90 years of RBI in Mumbai today

Prime Minister Narendra Modi will address a ceremony marking 90 years of the Reserve Bank of India in Mumbai today (Monday), the central bank said. The event will also be attended by Union Finance Minister Nirmala Sitharaman and RBI Governor Shaktika...

March 28, 2024 4:57 PM

“8.3% growth for three continuous quarters”, says Finance Minister Sitharaman

Union Finance Minister Nirmala Sitharaman expressed confidence in India's economic growth momentum by citing three consecutive quarters with growth rates exceeding 8 percent, with the third quarter registering a remarkable 8.3 percent growth. This o...

March 27, 2024 4:58 PM

Morgan Stanley raises India’s GDP growth forecast to 6.8 per cent for FY25

After S&P Global, Morgan Stanley has revised its GDP growth forecast upwards for the financial year 2024-25 (FY25) to 6.8 per cent, up from its previous estimate of 6.5 per cent. The firm also revised its growth forecast for the ongoing financial...

March 26, 2024 8:39 PM

Positive shifts emerge in India’s labour market despite challenges

Amidst ongoing challenges, India's labour market is witnessing positive developments, as highlighted in the India Employment 2024 report. Despite the pandemic's impact, the report indicates encouraging trends such as a visible return on investment in...

March 26, 2024 4:15 PM

India’s growth forecasted at 6.8%, inflation expected to drop to 4.5%: S&P ratings

S&P Global Ratings has revised India's growth projection from 6.4 percent to 6.8 percent. After a better-than-expected 7.6% growth in fiscal year 2024 estimated by the National Statistical Office, S&P India pegged real GDP growth to moderate ...

March 23, 2024 1:14 AM

Indian economy shines bright amid global slowdown, says Finance Ministry report

India's robust economic performance stands out amidst sluggish global growth, according to the monthly economic review report from the Department of Economic Affairs, Ministry of Finance. Recent data reveals that India's economic growth hit a six-qu...

March 20, 2024 5:48 PM

As Startup Mahakumbh wraps up, budding entrepreneurs express gratitude to PM Modi for inspiration

The Startup Mahakumbh, a three-day event that brought together startups, investors, incubators, accelerators and industry leaders across various sectors, concluded on Wednesday in the national capital. Organized at the Bharat Mandapam by ASSOCHAM, N...

March 20, 2024 5:23 PM

Direct sales in India grew 12% in 2022-23, crosses Rs 21,000 crore in turnover: Survey

The direct selling industry in India has registered growth of more than 12 per cent, on a yearly basis, with the gross industry turnover at Rs 21,282 crore in 2022-23, according to an annual survey report released by the Indian Direct Selling Associa...

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