PLI Scheme Attracts Rs 1.46 Lakh Crore Investment, Boosts FDI Inflows by 26%
Anurima Das -
​​​​​​​While the PLI scheme saw Rs 12.5 lakh crore in production, Rs 4 lakh crore in exports and generating 9.5 lakh jobs, over 1,300 manufacturing units were established across 14 sectors and 27 states/UTs under the scheme this year.
S&P Global Ratings Forecasts 6.8% Growth for Indian Economy in FY25
Monika -
The growth projection by S&P Global Ratings is higher than the latest Reserve Bank of India's (RBI) forecast for India's GDP growth for 2024-25 at 6.6 per cent, from 7.2 per cent earlier.
S&P Global Ratings Forecasts 6.8% Growth for Indian Economy in FY25
Monika -
The growth projection by S&P Global Ratings is higher than the latest Reserve Bank of India's (RBI) forecast for India's GDP growth for 2024-25 at 6.6 per cent, from 7.2 per cent earlier.
Domestic Air Travel in India Expected to Soar with 7-10% Growth by FY25
Kumar Manoj -
During the first half of 2024-25, Icra said domestic air passenger traffic stood at 79.3 million with an annual growth of 5.3 per cent, that was partly marred by the severe heat wave and other weather-related disruptions.
India Sees Strong Growth in Iron Ore and Non-Ferrous Metal Production
Anurima Das -
Production of iron ore has gone up from 152.1 MMT in the first seven months of FY 2023-24 (April-October) to 158.4 MMT in FY 2024-25 (April-October). That indicates a good 4.1 per cent growth.
Industry Predicts India's Total Exports Will Exceed $800 Billion in the Coming Months
Kumar Manoj -
India's exports accelerated into over $73 billion in October from more than 61 billion in the same month last year, thereby registering above 19 per cent growth.
India's Public Sector Banks Record 11% Growth, Reaching Rs 236 Lakh Crore in H1 FY25
Kumar Manoj -
India's overseas credit and deposit portfolio increased by 12.9% and 9.5% year on year, respectively, and had reached Rs 102.29 lakh crore and Rs 133.75 lakh crore, said a statement issued by the Ministry of Finance.
Property Purchase Time in India Drops to 26 Days, Ultra-Luxury Homes Selling Faster
Monika -
The ultra-luxury homes, which come priced above Rs 3 crore, saw the lowest conversion time - 15 days in H1 FY25. In the last fiscal (FY24), it was 22 days, reducing by a whole week according to data coming from realty analytics firm Anarock Group.
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