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2 mins read
IMF sees India as 'bright spot' in global economy, says PM Modi
Prime Minister Narendra Modi Wednesday said the International Monetary Fund (IMF) sees India as a "…
PTI
3 mins read
Economic Survey 2024: GDP grew by 8.2%, to sustain 7%+ growth momentum, fiscal deficit down to 6.4% of GDP
Gross Fixed Capital Formation, or investments in long-term, value-generating fixed assets increased…
3 mins read
India is a bright light economy, but key structural reforms needed for $10 trillion GDP: IMF chief economist
India has emerged as "a bright light" at a time when the world is facing imminent prospects of a re…
PTI
1 min read
India's forex reserves jump USD 4.3 billion, hit new all-time high of USD 655.8 billion
India's forex reserves jumped USD 4.307 billion to a new all-time high of USD 655.817 billion for t…
PTI
1 min read
India's forex reserves rise to $531 billion during week ending October 28
In October 2021, the country's foreign exchange reserves had touched $645 billion. However sin…
1 min read
Forex kitty grows for 2nd consecutive week; rises $2.54 bn to $547.25 bn
In the second consecutive week of an increase in the kitty, India's forex reserves have grown by US…
PTI
1 min read
Former chief economic adviser Krishnamurthy Subramanian to be India's ED at IMF
Former Chief Economic Adviser (CEA) Krishnamurthy Subramanian will be the Executive Director for In…
3 mins read
India to surpass Japan, become world's fourth largest economy worth USD 4 trillion, in FY25: EAC-PM member
India will be a USD 4 trillion economy in 2024-25 and surpass Japan by early next fiscal to become …
PTI
1 min read
India's forex reserves jump $2.56 bn to $644.15 bn
For the week ended April 5, the reserves had hit an all-time high of USD 648.562 billion follow…
PTI
3 mins read
India wants to be the new China. Modi's shock election result shows it won't be easy.
Decision-making and policy changes in the world's largest democracy will take far longer than they …
Huileng Tan
2 mins read
World Bank raises GDP projection, says India to keep its fastest-growing economy tag
The World Bank has upwardly revised India's GDP growth forecast for the current financial year 2024…
ANI
3 mins read
Deloitte projects India's FY25 GDP growth at 6.6%
Deloitte India on Friday said it estimates India's GDP growth at 6.6 per cent in the current fiscal…
PTI
2 mins read
India all for peaceful resolution via dialogue, says PM Modi to Volodymyr Zelenskyy at G7 summit
On the sidelines of G7 Summit, PM Modi assured Ukrainian President Volodymyr Zelenskyy that India c…
ANI
2 mins read
About 93% of global central banks are exploring digital currencies - and that could boost de-dollarization, a report by IMF staff says
Central bank digital currencies "could help de-dollarization or counter "cryptoization"," IMF staff…
Joseph Wilkins
3 mins read
IMF slashes India's growth forecast by 0.8 percentage points to 7.4 per cent for 2022
The 2022 cut for India "reflects mainly less favorable external conditions and more rapid policy ti…
4 mins read
Global inflation to drop this year amid subpar economic growth: IMF
In most economies, amid the cost-of-living crisis, the priority remains to achieve sustained disinf…
ANI
1 min read
Forex reserves jump $4.84 bn to new all-time high of $651.5 bn
The previous high for the kitty a crucial guard against any disturbances in the external sect…
PTI
2 mins read
Upside risks for inflation sizable, central banks must stay resolute: IMF's Gita Gopinath
She said central banks must remain resolute in keeping policies tight and recognize that insufficie…
ANI
1 min read
Pakistani rupee sees highest one-day fall in 20 years
The foreign exchange companies had removed a cap on the Pakistani rupee-dollar exchange rate. This …
ANI
7 mins read
Tech titans love Modi's economic powerhouse India — despite mass unemployment and abject poverty
India is on track to become the world's third-largest economy by 2027, but Narendra Modi faces a pi…