Economy
India's Economic Activity Sees 8-Month High Growth in October: Report
According to the report by ICRA, a credit rating agency, the acceleration in growth momentum was largely due to the favorable impact on sectors such as mining and electricity of the departure of the monsoon, healthy demand during the festive period fuelled vehicle registrations, fuel consumption, air travel and export growth.
India’s Insurtech Sector Achieves 12X Revenue Growth Over Five Years
With more than 150 insurtech companies, 10 unicorns, and soonicorns, and more than 45 minicorns, the sector has seen 12 times increase in revenue over the last five years to reach $750 million, according to the report by Boston Consulting Group (BCG) in collaboration with the India InsurTech Association (IIA).
India Named Fastest-Growing G20 Economy, GDP Growth Projected at 7% for 2024
"India tops the G20 in 2024 with an excellent 7 percent GDP growth rate! This achievement flaunts the robust nature of India's economy and its fast-growing growth amidst world challenges, a MyGov post on X said after the list was released during the on-going G20 summit in Brazil.
RBI Governor: Indian Economy Well-Equipped to Handle Global Shocks
Again, the external sector of the country is also not too weak and the current account deficit has remained within manageable limits as it presently stands at 1.1 percent of GDP.
Report Predicts Indian Economy Will Reach $7 Trillion by 2031
It would almost be similar to the 6.6 per cent witnessed in the pre-pandemic decade driven by the capex push and the associated surge in productivity.
Moody’s: India’s Economy Positioned for Strong Growth, Inflation Expected to Ease
The global ratings agency projects India's growth at 7.2 percent for the year 2024, 6.6 percent for 2025, and 6.5 percent for 2026.
India Records 74% Drop in Income Disparity Since AY15; Direct Tax Collection Hits 14-Year High
Economic department of State Bank of India in a comparison of disparity in income during AY15 and AY24 pointed out that there is clear rightward shift in income distribution curve in India. This implies that people belonging to lower income brackets are increasing their income to converge toward their share in population.
ADB Maintains India's Growth Forecast at 7%, Citing Government Spending and Agriculture as Key Boosters
According to the ADO September update, exports in the current fiscal are going to be higher than earlier projected, led by larger services exports. However, growth in merchandise exports will be relatively muted through the next fiscal.
FIIs Invest ₹14,064 Crore in Indian Equity Market This Week, Trend Expected to Continue
Total FII investments up to 20 September stood at ₹33,699 crore. According to NSDL, this means total FII investment in India for the fiscal year at ₹76,585 crore. Market analysts believe the trend of FIIs buying will continue in the days ahead.
India on Track to Become World’s Third-Largest Economy by FY 2030-31: S&P Global
This report focuses on infrastructure development and, therefore, strategic geopolitical effort in which these will be determinant while trying to maximize on larger benefits of trades to the country.
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