As we step into 2025, the Indian economy is set to face a series of pivotal events that will influence financial markets and shape future economic trends. Key developments, such as central bank policies, the Union budget and crucial economic data releases, will have profound implications for inflation, interest rates, and global growth. Market participants, …
India’s domestic air cargo industry is on the brink of remarkable growth, with a forecasted annual growth rate of 6.9% over the next two decades, as highlighted by the businessline. This growth is attributed to several factors, including a booming e-commerce sector, a strong manufacturing base, and supportive government reforms. Key Drivers of Growth 1. …
As we enter 2025, several important changes are set to reshape the financial and regulatory landscape. These updates simplify processes, enhance user benefits, and improve accessibility across various sectors. Here’s a breakdown of the significant updates to look out for in January 2025. EPF ATM Service Starting in 2025, Employee Provident Fund (EPF) account holders …
ICICI Bank has projected India’s Current Account Deficit (CAD) to remain at 1.1% of GDP for the fiscal year 2024-25 (FY25). The bank’s report highlights key shifts in India’s external economic position, influenced by a widening trade deficit and outflows of foreign portfolio investments (FPI). On December 30, 2024, ICICI Bank share price traded up 0.95%, reaching …
In its India Progress Report released last month, CRISIL, a credit rating agency, highlighted that India’s smartphone exports have grown at an impressive 50% CAGR between 2019 and 2023, making it the second-largest mobile handset manufacturer by volume. However, India’s electronics market remains relatively nascent, comprising only 4% of the global market. The global electronics …
Ratan Naval Tata, known for his immense contribution to business and philanthropy, was born on December 28, 1937, in Mumbai and passed away on the night of October 9, 2024, at the age of 86, in a hospital in Mumbai. Tata’s early life shaped his values of resilience and determination. Raised by his grandmother, Navajbai …
India’s foreign exchange reserves dropped by $8.4 billion to $644.39 billion as of December 20, 2024, marking a decline to over a 7-month low. The reserves had reached a record high of $705 billion in the week ending September 27, 2024. Reserves Declined Last Week For the week ending December 13, 2024, India’s foreign exchange …
The textile industry is a crucial part of India’s economic growth, contributing significantly to employment, value addition, and export earnings. With 45 million people working in this sector, it stands as one of India’s largest employers. Traditional areas such as handlooms, handicrafts, and power looms are significant in rural and semi-urban employment, while SMEs play …
With the passing of Manmohan Singh, India mourns the loss of one of its most transformative leaders. As the architect of India’s 1991 economic reforms, Mr Singh’s vision and policies reshaped the Indian economy, moving it from a closed, license-driven economy to one that embraced globalisation and market-driven growth. His initiatives, including liberalisation, privatisation, and …
On Thursday, December 26, 2024, former Prime Minister of India, Manmohan Singh, passed away at the age of 92 after being admitted to the emergency ward at Delhi’s All India Institute of Medical Sciences (AIIMS). He served as Prime Minister for two terms from 2004 to 2014, leading a Congress-led government. Prior to this, he …
