News Updates

Find out the latest news on deVere Group India Investment Advisors Private Limited featuring top financial and economic updates.

Economy

WPI inflation in India edges up to 1.84% in September

India’s wholesale price index (WPI)-based inflation rose to 1.84% year-on-year in September, compared to a four-month low of 1.31% in August, according to provisional data released by the Ministry of Commerce & Industry on Monday.

Economy

Finance minister forecasts hike in India’s per capita income growth

Union finance minister Nirmala Sitharaman has expressed optimism about the nation's economic growth, forecasting a substantial increase in per capita income over the next five years.

Economy

India’s economy forecast to grow 6.5-7% in FY2024/25

India’s economy is projected to grow at a rate of 6.5-7% for the current financial year on a steady-state basis, according to Chief Economic Advisor (CEA) to the Union government, V Anantha Nageswaran.

Economy

India to become world’s 3rd-largest economy by 2030/31: S+P Global

India is on track to become the world's third-largest economy by 2030–31 according to S&P Global India, with an expected annual growth rate of 6.7%.

Economy

WPI inflation in India edges up to 1.84% in September

India’s wholesale price index (WPI)-based inflation rose to 1.84% year-on-year in September, compared to a four-month low of 1.31% in August, according to provisional data released by the Ministry of Commerce & Industry on Monday.

Economy

Finance minister forecasts hike in India’s per capita income growth

Union finance minister Nirmala Sitharaman has expressed optimism about the nation's economic growth, forecasting a substantial increase in per capita income over the next five years.

Economy

India’s economy forecast to grow 6.5-7% in FY2024/25

India’s economy is projected to grow at a rate of 6.5-7% for the current financial year on a steady-state basis, according to Chief Economic Advisor (CEA) to the Union government, V Anantha Nageswaran.

Economy

India to become world’s 3rd-largest economy by 2030/31: S+P Global

India is on track to become the world's third-largest economy by 2030–31 according to S&P Global India, with an expected annual growth rate of 6.7%.

Economy

India’s growth potential at least 7.5% this financial year: RBI governor

Governor of the Reserve Bank of India (RBI), Shaktikanta Das stated that India’s growth potential is around 7.5% or higher, surpassing the central bank’s forecast of 7.2% for the current financial year.

Economy

India’s FDI soars 47.8% in Q2, growth forecast to continue

Foreign direct investment (FDI) in India surged by 47.8% to $16.17 billion during April-June 2024.

Economy

World Bank hikes India’s FY25 growth forecast to 7%

The World Bank has revised its growth forecast for India's economy to 7% for the current fiscal year, driven by a recovery in agriculture and rising rural demand.

Economy

India’s economic growth forecast to fall to 6.5% in Q1FY25

Economic growth in India is projected to have decelerated to a five-quarter low of 6.5% in the first quarter of FY25, falling short of the Reserve Bank of India's (RBI) recent forecasts.

Economy

India’s GDP could hit $55trn by 2047, says IMF

According to the International Monetary Fund (IMF), India could become a $55 trillion economy by 2047 if both state and central governments implement policies that boost the nation’s growth rate from its historical average of 7% to 8% (in Rupee terms).

Economy

RBI holds rates steady for ninth straight meeting

India’s central bank held its key interest rate unchanged as broadly expected on Thursday, as efforts continue to return inflation in a sustainable manner to its 4% target.

Economy

Services growth slowdown in India in July

Activity in India's dominant services sector remained strong in July due to robust demand, resulting in significant job creation, according to the findings of a survey out on Monday.

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Date for the month ending September, 2024

Sr. No. Received From Pending at the end of the month Received Resolved Total Pending# Pending complaints > 3 months Average Resolution Time^ (in days)
1 Directly from Investors NIL NIL NIL NIL NIL N/A
2 SEBI (SCORES) NIL NIL NIL NIL NIL N/A
3 Other Sources (if any) NIL NIL NIL NIL NIL N/A
  Grand Total NIL NIL NIL NIL NIL N/A

^Average Resolution time is the sum total of time taken to resolve each complaint in days, in the current month divided by total number of complaints resolved in the current month. If you have a complaint, send it to this email, [email protected]