Economy | deVere India

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.

posted on 16.09.2024

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.

posted on 09.09.2024

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.

posted on 04.09.2024

Economy

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

posted on 16.09.2024

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.

posted on 09.09.2024

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.

posted on 04.09.2024

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.

posted on 02.09.2024

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).

posted on 19.08.2024

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.

posted on 08.08.2024

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.

posted on 06.08.2024

Economy

RBI may allow Rupee to weaken to keep it “competitive”, says BofA

The Reserve Bank of India (RBI) may permit a slight depreciation of the Rupee to correct its somewhat high real effective exchange rate and keep the currency “competitive,” according to a note from BofA Securities on Thursday.

posted on 26.07.2024

Economy

Natural rate of interest in India forecast to edge higher

India's natural rate of interest has increased in the post-pandemic period and is anticipated to rise further, fuelled by the growth of potential output, according to the Reserve Bank of India's (RBI)

posted on 18.07.2024

Economy

India will need 1m high tech engineers in 2-3 years

The technology sector in India will require over 1 million engineers with advanced skills in AI (artificial intelligence) and others within the next 2-3 years, according to an industry body.

posted on 16.07.2024

Economy

India boosts foreign currency accounts at GIFT City

Indians now have broader access to foreign currency accounts at Gujarat International Finance Tec-City (GIFT City), enhancing business opportunities for the finance hub promoted by Prime Minister Narendra Modi.

posted on 12.07.2024

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SEBI (SCORES)

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Other Sources (if any)

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

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

RBI holds rates steady for ninth straight meeting

Services growth slowdown in India in July

RBI may allow Rupee to weaken to keep it “competitive”, says BofA

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