BUSINESS
Deloitte Projects India's Annual GDP Growth to Range Between 7% and 7.2% in FY25
Dr. Rumki Majumdar, Deloitte India said that after a high-stakes elections period, India's economy is emerging with resilience as the dust settles. "Its gross domestic product grew 6.7 per cent year over year in the April-to-June quarter.".
IMF Projects India's GDP Growth to Slow to 7% in 2024 and 6.5% in 2025
The IMF said that the war against inflation has been won generally, although price pressures remain in place in some countries, with headline inflation rates now forecast to reach 3.5% by the end of 2025, having peaked at 9.4% year over year in the third quarter of 2022. This is below the average level of 3.6% between 2000 and 2019, it said.
Staying Vigilant Amid Rapidly Changing Global Landscape, Shaktikanta Das
"Inflation is on a declining trend, though we still have a distance to cover. The external sector reflects the robustness of the economy. Forex reserves are reaching new heights. Fiscal consolidation is underway. The financial sector remains sound and resilient," he said in the latest RBI monthly bulletin.
India’s Growth Story Remains Strong, Real GDP Projected to Grow at 7.2% in FY25, RBI Governor
Private consumption - the pivot on which aggregate demand turns - prospects look bright going forward supported by a better agricultural outlook and rural demand.
Zepto’s Rapid Ascent to $5 Billion Valuation, Revolutionizing 10-Minute Grocery Delivery
Looking back, he says the reason for dropping out of college sounds like a cliché Silicon Valley story. But before leaping, Aadit Palicha and his co-founder Kaivalya Vohra had calculated their options for a year.
Indian Stock Market Opens in the Green, Sensex Jumps 429 Points
Market trend positive. On the NSE, 1,509 stocks traded green, while 602 stocks traded in red.
On the BSE, simultaneously 1,727 stocks traded green, and 807 stocks traded red.
Maldives President Muizzu Announces Plan to Implement UPI System Nationwide
This decision comes after India has agreed to share its know-how in the roll out of digital and financial services, besides contributing to the development of Digital Public Infrastructure (DPI) through the launch of UPI and the Unique Digital Identity during Muizzu's State Visit to India earlier this month.
NSE Study Projects 11.2% Average GDP Growth for 21 Indian States in FY25
These 21 states account for over 95 per cent of India's GDP (Rs 326 lakh crore in FY25BE). The lowest capital spending ratio is seen in Punjab at 6.2%. Gujarat occupies the top position with a spending ratio of 36.2%. States in general have been steadily reducing their reliance on market loans over the years as a result of higher loans received from the Centre.
Sensex Gains 218 Points as Ola Electric Shares Extend Decline
Stock has declined more than 45 per cent from the peak so far. Ola Electric's stock has given a low of Rs 85.02 and a high of Rs 88 on Friday.
Walmart Brings Indian Snacks and Sweets to Select US Stores
Regal Kitchen and VAHDAM are well-known brands that the firm would be selling to Walmart US. Jayanti Spices and Hyfun Foods have their products manufactured under Walmart's Great Value brand.
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