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India’s Consumer Market to Reach $ 4.3 Trillion by 2030, Becoming World’s 2nd Largest

India’s Consumer Market to Reach $ 4.3 Trillion by 2030, Becoming World’s 2nd Largest

3 February 2025

As per news reports, India’s consumer spending is set to witness a 46% surge over the next 6 years, reaching a staggering ₹372 lakh crore (US$ 4.3 trillion) by 2030, up from ₹208 lakh crore (US$ 2.4 trillion) in 2024. This growth is attributed to rising incomes, a young workforce, and increased digital penetration, making …

India to Unveil Its Own AI Model Within 10 Months, Says Union Minister

India to Unveil Its Own AI Model Within 10 Months, Says Union Minister

3 February 2025

As per news report, India is gearing up to launch its own large language model (LLM) within the next 10 months, as announced by Union Minister of Information & Broadcasting, Railways, Electronics & IT, Mr Ashwini Vaishnaw. This initiative is part of the India AI Mission, aiming to develop an AI ecosystem that aligns with …

Economic Survey 2025 Highlights Strong Banking Sector Performance with Lower NPAs and Higher Profits

Economic Survey 2025 Highlights Strong Banking Sector Performance with Lower NPAs and Higher Profits

1 February 2025

India’s monetary and financial sectors have demonstrated strong performance in the first nine months of the Financial Year 2024-25 (FY25), as highlighted in the Economic Survey 2024-25. The survey was tabled in Parliament on January 31, 2025, by FM Nirmala Sitharaman. Banking Sector Performance According to the Economic Survey, bank credit has maintained a steady …

Union Budget 2025: FM Allocated ₹11.21 lakh Crore for Capital Expenditure

Union Budget 2025: FM Allocated ₹11.21 lakh Crore for Capital Expenditure

1 February 2025

On February 1, 2025, FM Nirmala Sitharaman allocated ₹11.21 lakh crore for capital expenditure (capex), in Union Budget 2025. This indicates the government’s focus on infrastructure-driven growth. This allocation represents a 0.9% increase from the capex allocation in FY25. The government’s projected effective capital expenditure for FY26, which includes both the Centre and states, is …

Budget 2025: Government Modifies Udaan Scheme for Better Connectivity

Budget 2025: Government Modifies Udaan Scheme for Better Connectivity

1 February 2025

Finance Minister Nirmala Sitharaman, in her Union Budget 2025 speech on February 1, announced a modified Udaan Scheme to enhance regional air connectivity. The revamped scheme aims to add 120 new destinations across India, significantly expanding travel options for millions. Since its inception, the Udaan Scheme has facilitated over 1.5 crore middle-class travellers, operationalised 698 …

India’s Forex Reserves Rise by $5.57 Billion to Reach $629.55 Billion as of Week Ending Jan 24, 2025

India’s Forex Reserves Rise by $5.57 Billion to Reach $629.55 Billion as of Week Ending Jan 24, 2025

1 February 2025

India’s foreign exchange reserves rose by $5.57 billion to $629.55 billion in the week ending January 24, 2025, following a previous decrease. Key components like foreign currency assets and gold reserves saw increases, the Reserve Bank of India data showed on Friday. Uptick in Forex Reserves India’s foreign exchange reserves saw an increase of $5.57 …

FM Nirmala Sitharaman Projects Fiscal Deficit at 4.4% of GDP for FY26 in Union Budget 2025

FM Nirmala Sitharaman Projects Fiscal Deficit at 4.4% of GDP for FY26 in Union Budget 2025

1 February 2025

Finance Minister Nirmala Sitharaman, in her Budget speech on Saturday, February 1, 2025, announced that the fiscal deficit for the fiscal year 2025–26 is estimated to be 4.4% of India’s Gross Domestic Product (GDP). Sitharaman had previously stated that the government targets achieving a fiscal deficit of 4.5% in 2026–27. The government’s fiscal deficit represents …

India to Host BRICS Youth Council Entrepreneurship Working Group Meeting in March 2025

India to Host BRICS Youth Council Entrepreneurship Working Group Meeting in March 2025

1 February 2025

The Department of Youth Affairs, Ministry of Youth Affairs and Sports, Government of India, is set to organise the BRICS Youth Council Entrepreneurship Working Group Meeting from March 3 to 7, 2025. Themed ‘Youth Entrepreneurship for Sustainable Growth,’ the meeting will witness participation from approximately 45 youth representatives from BRICS nations. Key Objectives of the …

India’s Banking System Faces Deepest Liquidity Deficit in 15-Year

India’s Banking System Faces Deepest Liquidity Deficit in 15-Year

27 January 2025

For the first time since April 2010, India’s banking system has recorded a cash deficit of ₹3.3 lakh crore. This deficit, as measured by banks’ borrowings from the Reserve Bank of India (RBI), highlights a sharp contraction in systemic liquidity, raising concerns about borrowing costs and overall financial stability. Key Reasons Behind the Liquidity Crunch …

Union Budget 2025: Will It Impact Stock Market?

Union Budget 2025: Will It Impact Stock Market?

31 January 2025

The Union Budget is one of the most closely watched events in India’s economic calendar. It has a significant influence on the country’s financial landscape, often sparking dramatic fluctuations in the stock market. Investors, analysts, and businesses eagerly await the government’s proposed measures to better understand how they might affect different sectors of the economy. …

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