January 16, 2024 11:51 AM
India's merchandise exports showed positive momentum in December, registering a 0.96% increase to USD 38.45 billion, up from USD 38.08 billion in the corresponding period in 2022. The growth was driven by key sectors, with engineering goods leading ...
January 11, 2024 1:20 PM
Finance Minister Nirmala Sitharaman has said that India will become a 30 trillion dollar economy by 2047. She said the country will become a 5 trillion dollar economy by 2028, adding that India has received 919 billion US dollars in foreign direct in...
December 18, 2023 3:54 PM
In a strategic move to channelize domestic savings into financial instruments, the Government of India has launched the Sovereign Gold Bond Scheme 2023-24 (Series III). Stemming from the inaugural scheme in November 2015 under the Gold Monetisation S...
December 6, 2023 10:36 AM
Global rating agency S&P Global Ratings has said that India will become the world's third-largest economy by the year 2030. The rating agency has also estimated the country's gross domestic product (GDP) growth rate to reach seven percent in the ...
November 24, 2023 10:36 AM
Sri Lanka's central bank lowered interest rates on Friday in an unexpected move to boost growth but signalled a pause in easing for the time being while projecting inflation would remain subdued over the medium term. Helped by an International M...
November 15, 2023 9:48 AM
Japan's economy contracted in July-September, snapping two straight quarters of expansion on soft consumption and exports, complicating the central bank's efforts to gradually phase out its massive monetary stimulus amid rising inflation. Gross dome...
November 7, 2023 4:34 PM
China's economy is set to grow 5.4% this year, having made a "strong" post-COVID recovery, the International Monetary Fund (IMF) said on Tuesday (November 7), making an upward revision to its earlier forecast of 5% growth, while expecting slower grow...
November 2, 2023 9:46 AM
Goods and Services Tax (GST) revenue collection jumped by 13% Year over Year (Y-o-Y) to ₹1.72 trillion in October this year. This is the second highest-ever GST revenue collection ever. Notably, this is the second-highest gross GST revenue co...
October 17, 2023 8:57 PM
India has witnessed deflation in the Wholesale Price Index (WPI) for September 2023. The provisional data reveals a contraction of 0.26% compared to September 2022, marking a slight improvement from the 0.52% deflation recorded in August 2023. The W...
September 26, 2023 11:23 AM
The India Meteorological Department (IMD) recently announced that the monsoon's retreat from India commenced on September 25, 2023, marking an eight-day delay from the usual withdrawal date of September 17. This marks the 13th consecutive year of a d...
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