India Economy: Page 2
Richest 1% Indians Own More Than 40% Of Country's Wealth: Report
The report stated that the top 5% own 61.7% of the total wealth; nearly 20 times more than the 3% owned by the bottom half
India's Current Account Deficit Is Likely To Be At 3 Per Cent: SBI Report
A positive shock to oil prices leads to immediate and sharp increase in CAD but the same dissolves completely in about eight quarters
India's BoP Is Likely To Slip Into Deficit Of $40-$50 Billion: Report
The International Monetary Fund has estimated India's FY23 current account deficit (CAD) at $121 billion or 3.5 per cent of GDP
Cash With Public At Record High Of INR 30.88 Lakh Crore
According to reports, at INR 30.88 lakh crore, the currency with the public is 71.84 per cent higher than the level for the fortnight ended November 4, 2016
India To Become Third-Largest Country In Market Capitalization: Report
The report states that, India's GDP is likely to surpass $7.5 trillion by 2031, more than double the current levels, making it the third-largest economy
India Will Beat Germany To Become Fourth Largest Economy By 2026
The statement came weeks after the IMF forecast revealed that Germany and Italy will slip into recession next year
India Deserves To Be Called Bright Spot, Says Kristalina Georgeiva
The IMF MD also said that India will leave a mark in the areas of digitalization and digital money
Cryptocurrencies Poses Serious Challenge To Country's Financial Stability: RBI Note
The central bank also said that CBCDs are the next step in the evolutionary progression of sovereign currency
India's Manufacturing Slows A Tad, But Remains In Expansion Mode: Survey
The survey encompasses responses collected by sending questionnaire to the purchasing managers in a panel of around 400 manufacturers
Adani Group To Invest Over $100 Billion In Next Decade
The world's second-richest person also said that India is full of incredible opportunities and the real growth story is just starting
India Inc's Path Towards Being Atmanirbhar
While India remains to be one of the fastest-growing economies in the world, the pandemic created an unexampled impact on individuals, enterprises and the government alike
Enable the Creation Of a High-Trust, High-Performance Economy
The bridge between reality and ambition comprises three pillars: enabling consumption to drive demand, investment to create wealth and healthy financial habits to manage wealth
Can Cryptocurrencies And Security Tokens Help Boost the Indian Economy?
Digital assets' regulation will play a major role in allowing hundreds of billions of dollars of investments to flow into Indian companies
India's Projected GDP Decline of 10.3% This Fiscal is Worst Among All Emerging Economies: IMF
The 10.3% GDP contraction for India is for the current fiscal year, ending on March 2021, as opposed to projections for all other economies based on the calendar year 2020. IMF's outlook for India for the current calendar year 2020 is pegged at 8.6% decline
The Govt Wants You to Spend; Announces Festival Advance to Boost Consumer Spending
To encourage consumer spending, Sitharaman announced two schemes- a leave travel concession (LTC) cash voucher and special festive advance-mainly aimed at benefitting central government employees