India’s foreign exchange reserves increased by $300 million to $654.27 billion as of March 14, reaching a more than three-month high. The Reserve Bank of India has been actively managing volatility through dollar sales and swaps to boost rupee liquidity … Read More
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India is set to become the consumption capital of the world: Report
India is set to become the consumption capital of the world, outpacing major economies says a report by Angel One, Iconic asset.
India’s $23 billion plan to rival China factories to lapse after it disappoints
Many firms that participated in the program failed to kickstart production, while others that met manufacturing targets found India slow to pay out subsidies.
Japan’s core inflation hits 3% in February, keeps alive BOJ rate-hike bets
Japan’s core inflation reached 3.0% in February, with an index excluding fuel costs accelerating at the fastest rate in nearly a year, indicating broadening price pressure. This has reinforced market expectations for potential interest rate hikes, driven by rising food … Read More
India’s GDP to expand by 6.7 pc in FY25, fastest growing in Asia-Pacific: S&P Global
An S&P Global Ratings report on Thursday projected India’s GDP to expand by 6.7 per cent in fiscal 2025 (year ending March) — the fastest growing economy in the Asia-Pacific region.
Millennials rely on side hustles for extra income, earning an average of up to $12,689 annually: Survey
A survey by Academized.com of 2,500 millennials (ages 26-41) found that 52% take on side hustles, with 33% juggling four or more jobs. Financial stability (31%), personal interests (24%), and career growth (17%) drive this trend. On average, side gigs … Read More
Household savings flow to financial market could pose risks, says finance ministry
The finance ministry has informed the Parliament about the risks households face when shifting deposits from banks to market-linked products in search of higher returns. The committee also discussed liquidity concerns, FDI in insurance, grievance redressal, and the activation of … Read More
Economy resilient amid global uncertainties: RBI report
India’s economy shows strong resilience amid global uncertainty, driven by robust agricultural output and recovering consumption. Inflation has moderated, and key sectors remain buoyant. However, risks such as trade tensions and potential global slowdown pose threats to sustainability.
Fitch Retains India’s GDP Forecast at 6.5% for FY26
Fitch Ratings has maintained India’s GDP forecast for FY26 at 6.5%, with anticipated growth driven by increased consumer spending and government expenditure. Business confidence remains strong, and inflation is expected to decline to 4% by the end of December. The … Read More
Household savings flow to financial market could pose risks, says finance ministry
The finance ministry has informed the Parliament about the risks households face when shifting deposits from banks to market-linked products in search of higher returns. The committee also discussed liquidity concerns, FDI in insurance, grievance redressal, and the activation of … Read More