DDIndia Business: Economic Headlines & Updates

Business

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 9:42 AM

First consignment of Indian onion expected to arrive in Bangladesh tonight: Bangladesh Commerce Minister

The first consignment of Indian onion is expected to arrive in Bangladesh by Sunday night and would be sold to the consumers at Taka 40 per kilogram (kg) at retail level, said Bangladesh State Minister for Commerce Ahsanul Islam Titu. "A total of ...

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 27, 2024 1:34 PM

Pavan Davuluri to lead Microsoft’s Windows and Surface teams

Microsoft has once again merged its Windows and Surface teams internally, with Pavan Davuluri, an alumnus of IIT Madras, entrusted with leading development efforts on both fronts. According to reports from Windows Central, a reputable source for Mic...

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 21, 2024 11:43 AM

Digital payments soar as more Indians opt for UPI

India is witnessing a surge in digital payments as more people are opting for online transactions. In February alone, transactions through the Unified Payments Interface (UPI) soared to an impressive Rs 18.2 lakh crore, totaling 122 crore transaction...