Inflation is slowly falling, but economic growth continues to be at historical lows. Apart from this, financial risks have increased. That being said, the global economy’s systematic recovery from both pandemic and Russia-Ukraine war remains on track. Much of this support comes from China as the country’s economy continues to rebound strongly. Supply chain disruptions
Gold imports may have fallen due to higher prices, however a look at the Reserve Bank- RBI of India’s annual report indicates that their gold holdings had risen in the financial year ending 31 March 2023. Imports dropped 24.2% to 35 tonnes, while their total holdings were 794.63 metric tonnes compared to 760.42 metric tonnes
In what has been a tough period for the global economy, India has been one of few success stories in recent months. But a recent State of the Indian Economy report issued by the Reserve Bank of India (RBI) has revealed the positive growth seen in the last quarter of the 2022/23 fiscal year has
On the surface, India’s overtaking China as the world’s most populous nation seems like a positive development. Another impressive statistic about India is the 40% of its young population. If and when we become the world’s No. 1 economy and actualise the aspirations of 1.4 billion Indians, these numbers and milestones will become meaningful. What
With the growing order book of aircraft original equipment manufacturers, Boeing has said India may need more than 31,000 pilots and some 26,000 mechanics in the next 20 years. Salil Gupte, President of Boeing India, said that the South Asian region will continue to grow the fastest in the next 20 years on the sidelines
Shaktikanta Das, the governor of the Reserve Bank of India(RBI), gave the country’s banking system a thumbs-up, stressing the importance of banking sector regulation and supervision in light of recent developments in the US. “India has a well-regulated and well-supervised banking sector. The same would apply to the NBFC sector and other financial entities under
New Delhi, February 21, 2023: It is not at all inconceivable for India to achieve an economy of $47 trillion by 2047, given the continuance of good governance that the country has seen over the past eight-nine years, its immense talent pool, and diasporic support the nation commands. Shri Piyush Goyal, Union Minister of Commerce
Despite India’s 8.7% GDP growth in FY22, this was only in comparison to a nearly 6.6% GDP contraction in FY21, implying that the Indian economy is still limping back to health with much of the gains realized during pre-pandemic times. This study looks at how sectors fared during those two years and how capacity utilization
In talks with US President Joe Biden, Indian PM Narendra Modi mentioned India could feed the world. Furthermore, the Ukraine war has added to the 10-year high in commodity prices due to global harvest issues. As per the UNFAO food-price index, commodity prices soared after the war while being at their highest since 1990. India
India’s growth trajectory will remain highest among the leading economies in 2022-23 supported by various dynamic reforms undertaken by the government during the last two years, said Mr. Pradeep Multani, President, PHD Chamber of Commerce and Industry in a press statement issued here today. India is expected to attract a US $ 100 billion FDI
