DDIndia Business: Economic Headlines & Updates

Business

December 31, 2024 4:26 PM

Year Ender: 2024 marked a year of ‘firsts’ for India on the global stage

The year 2024 has been a landmark period for India, marked by groundbreaking achievements and a series of "firsts" that underscore the nation's growing global stature. These milestones reflect India's commitment to innovation, inclusivity, and leader...

December 31, 2024 1:32 PM

India targets $1 billion banana exports as sea route trial proves successful

India has achieved a tenfold increase in banana exports over the past decade and aims to reach $1 billion in exports within the next five years, according to the Agricultural and Processed Food Products Export Development Authority (APEDA). The surg...

December 31, 2024 1:10 PM

Gross NPA ratio of India’s banks falls to 12-year low of 2.6%

India’s banking sector has witnessed continued improvement in asset quality, with the gross non-performing assets (GNPA) ratio dropping to 2.6% of total advances in September 2024, marking the lowest level in the past 12 years, according to the Res...

December 31, 2024 12:42 PM

India’s out-of-home coffee market projected to reach up to $3.2 billion by 2028

As coffee gains popularity among urban consumers in a traditionally tea-loving nation, India’s out-of-home coffee market is expected to grow at a compound annual growth rate (CAGR) of 15-20 percent, reaching $2.6-$3.2 billion by 2028, according to ...

December 31, 2024 12:20 PM

India’s current account deficit to stay at 1% of GDP for FY2025: CRISIL report

India's current account deficit (CAD) is projected to remain at a safe 1% of GDP for fiscal year 2025, rising from 0.7% in the previous year, according to a report by CRISIL. While geopolitical risks may pose challenges, strong financial inflows and ...

December 31, 2024 10:51 AM

Indian shares open lower amid global weakness and valuation concerns

Domestic benchmark indices opened lower on Tuesday with selling pressure in IT, realty, auto, financial services, FMCG, media, and private bank sectors on the Nifty. At approximately 9:25 am, the Sensex was down 434.64 points (0.56%) at 77,813.49, w...

December 30, 2024 7:24 PM

India’s economy, banks in robust health: RBI

The Indian economy and the domestic financial system are underpinned by strong macroeconomic fundamentals, healthy balance sheets of banks and non-banks with returns on assets at decadal highs, according to the RBI financial stability report released...

December 30, 2024 3:40 PM

India’s smartphone market reaches record high in Q3 2024, driven by 5G models

India’s smartphone market hit a new milestone in Q3 2024, registering a 3% year-on-year growth in volume and a remarkable 12% increase in value, according to Counterpoint’s monthly India Smartphone Tracker. 5G smartphones dominated the market, a...

December 30, 2024 3:34 PM

Mixed Fortunes for Commodities in 2025: Gold Bull Run to continue amidst energy and agricultural volatility

The gold market thrived throughout 2024, delivering substantial gains for investors in the yellow metal. It is anticipated that this precious metal will continue to shine as we move into the new year. Publicly available data shows that gold yielded ...