Automobile retail sales in 2024 grew by 9% year-on-year, driven by strong demand for two-wheelers and passenger vehicles, despite a challenging business environment. Total vehicle registrations for the year reached 26,107,679 units, up from 23,928,293 units in 2023. This increase reflects a growth of 9%, as reported by the Federation of Automobile Dealers Associations (Fada). …
On January 07, 2025, the Indian rupee traded at 85.72 to the U.S. dollar, down nearly 0.02% against 85.83 at the previous close yesterday. The currency hit its all-time low of 85.84 yesterday. Dollar Index Rally Pause The dollar index slipped around 1% against major currencies after a news report indicated that Donald Trump’s advisors …
According to Indian Railways estimates, the Ministry of Railways had utilised 76% of its allocated capital expenditure (capex) for the financial year 2024-25 (FY25) by December 2024. The total expenditure as of January 5, 2025, amounts to ₹2.02 trillion out of the ₹2.65 trillion budgeted for the year. Breakdown of Expenditures Gross Budgetary Support: ₹1.91 …
On January 6, 2025, at 12:30 PM, Prime Minister Shri Narendra Modi inaugurated and laid the foundation stone for multiple railway projects via video conferencing. These projects are set to enhance connectivity, infrastructure, and socio-economic growth across key regions in India. Jammu Railway Division: Fulfilling Long-Pending Aspirations The highlight of the event is the inauguration …
On January 4, 2025, the Ministry of Coal reported outstanding achievements in coal production and dispatch for the year 2024, underscoring its dedication to enhancing energy security and supporting the Atmanirbhar Bharat (Self-Reliant India) vision. Record-Breaking Coal Production In 2024, coal production reached a historic high of 1,039.59 million tonnes (MT) (provisional), marking a 7.28% …
India’s foreign exchange reserves dropped by $4.11 billion to $640.279 billion as of December 27, 2024. This was the fourth straight weekly fall in reserves maintained with the Reserve Bank of India. Reserves Declined Last Week In the previous week, India’s total reserves decreased by $8.478 billion, reaching $644.391 billion. As per news reports the …
The Indian economy, once riding high on post-pandemic recovery, now finds itself at a crossroads as it steps into 2025. Signs of deceleration have tempered a promising growth story marked by resilience and opportunity. As the global economic environment remains fraught with uncertainties, the outlook for India’s economy presents a complex mix of hope, challenges, …
During Nov 2024, the coal sector recorded remarkable growth with a provisional increase of 7.5%, reaching 199.6 points compared to 185.7 points in November 2023. This performance is part of the overall results from the Index of Eight Core Industries (ICI), which is released by the Ministry of Commerce & Industries. The base year for …
Finance Minister Nirmala Sitharaman will present the Union Budget for 2025-26 on February 1, 2025. In preparation, she chaired the seventh Pre-Budget Consultation meeting with key stakeholders from the financial sector and capital markets. The discussions highlighted significant demands, including tax sops to encourage savings, measures to deepen financial markets, and fiscal interventions aimed at …
India’s textile and apparel exports, including handicrafts, grew by 7% during the April-October period of FY25, reaching USD 21.35 billion. This is up from USD 20 billion during the same period last year. Top Export Categories The largest share of exports came from Ready Made Garments (RMG), which contributed USD 8.73 billion (41%) of the …
