Indian Economy: News
14 Jan 2025
InflationIndia's wholesale inflation rises in December, food inflation nears 9%
India's wholesale inflation, measured by the Wholesale Price Index (WPI), increased to 2.37% in December from 1.89% in November, despite a marginal change in food prices.
13 Jan 2025
StartupsIndian fintech start-ups raised $1.9B in 2024, down 32% YoY
Indian fintech start-ups raised a total of $1.9 billion in funding last year, according to Tracxn's annual Fintech Report.
13 Jan 2025
Indian Rupee (INR)Indian rupee weakens to lifetime low of 86.2 per USD
The Indian rupee opened at a record low of 86.20 against the US dollar, depreciating five paise from its previous close.
10 Jan 2025
SensexHSBC downgrades India to 'neutral,' sees 10% upside for Sensex
HSBC has downgraded its India outlook from 'overweight' to 'neutral,' with a BSE Sensex target of ₹85,990 for 2025.
07 Jan 2025
Reserve Bank Of India (RBI)India's GDP growth projected to hit 4-year low in FY25
India's Gross Domestic Product (GDP) is expected to grow at 6.4% in FY25, the slowest pace in four years. This is a sharp decline from the previous fiscal year's growth rate of 8.2%.
03 Jan 2025
InflationRural poverty in India falls below 5% for first time
Rural poverty in India has witnessed a sharp decline, dropping below 5% for the first time in FY 2023-24. The finding comes from a recent SBI Research study.
02 Jan 2025
InflationIndia's manufacturing activity hits 12-month low in December 2024
India's manufacturing sector slowed down in December 2024, with the Purchasing Managers's Index (PMI) falling to a 12-month low of 56.4.
27 Dec 2024
Manmohan SinghINR devaluation to 9% GDP: Manmohan Singh's critical economic reforms
Manmohan Singh, the architect of India's economy and former Prime Minister, has died at the age of 92.
25 Dec 2024
Indian Rupee (INR)Indian rupee in freefall? Why it keeps hitting record lows
The Indian rupee has witnessed a record fall against the US dollar, hitting an all-time low of 85.21 on Tuesday. This is the six straight session of decline for the currency.
06 Dec 2024
InflationRBI lowers FY25 GDP growth forecast from 7.2% to 6.6%
The Reserve Bank of India (RBI) has lowered its growth projection for India's Gross Domestic Product (GDP) for the fiscal year 2025.
India's Q2 GDP growth shrinks to 5.4%, lowest in 7-quarters
India's Gross Domestic Product (GDP) growth fell to a seven-quarter low of 5.4% in the second quarter of FY25, data released by the Ministry of Statistics and Programme Implementation today showed.
25 Nov 2024
Reserve Bank Of India (RBI)Why S&P has lowered India's growth targets for FY26, FY27
S&P Global Ratings has kept its GDP growth forecast for India unchanged at 6.8% for fiscal year 2024-25.
14 Nov 2024
IndiaIndia's trade deficit widens to over $27 billion in October
India's merchandise trade deficit widened to $27.14 billion in October, significantly up from $20.8 billion in September due to a faster growth rate in imports, data released today shows.
14 Nov 2024
InflationIndia's wholesale inflation hits 4-month high on rising food prices
India's wholesale inflation rose to a four-month high of 2.4% in October, significantly up from last month's 1.84%.
06 Nov 2024
Reserve Bank Of India (RBI)India's services sector soars in October, hiring at 2-year high
India's services sector has shown remarkable growth in October, after a minor slowdown in September.
04 Nov 2024
InflationIndia's manufacturing activity rebounds from 9-month low in October
India's manufacturing sector has staged a remarkable comeback, with the Purchasing Managers's Index (PMI) climbing to 57.5 in October.
19 Oct 2024
IndiaKarva Chauth to boost India's economy by ₹22,000cr: Here's how
The upcoming festival of Karva Chauth is set to give a major boost to the Indian economy.
14 Oct 2024
InflationInflation: Food prices rise 9.5% year-on-year in September
India's Wholesale Price Index (WPI) based inflation has risen to 1.84% in September.
11 Oct 2024
Indian Rupee (INR)Indian rupee drops to lifetime low against US dollar
The Indian rupee (INR) has witnessed a sharp fall, breaching the 84 mark against the US dollar for the first time ever today.
04 Oct 2024
Nirmala SitharamanSitharaman predicts $2,000 increase in per capita income by 2029
Finance Minister Nirmala Sitharaman has projected a significant increase in India's per capita income over the next five years.
02 Oct 2024
Unified Payments Interface (UPI)India's digital economy projected to reach $1 trillion by 2028
India is on track to become a $1 trillion digital economy by 2028, according to a report by Ask Capital.
01 Oct 2024
Reserve Bank Of India (RBI)India's manufacturing growth hits 8-month low in September
India's manufacturing sector is feeling the pinch, hitting an eight-month low in September.
27 Sep 2024
Monetary Policy CommitteeRBI poised to cut interest rate starting December: UBS report
The Reserve Bank of India's Monetary Policy Committee (MPC) is expected to initiate a reduction in interest rate from December this year, as per a report by UBS.
27 Sep 2024
Stock MarketForeign investors pour $5.9 billion into Indian markets in September
India has emerged as a leading destination for foreign portfolio investors (FPIs), attracting a net investment of $5.9 billion into domestic stocks this month alone, according to Bloomberg data.
18 Sep 2024
AsiaIndia topples China to lead MSCI Emerging Markets index
India has outperformed China to become the world's largest MSCI Emerging Markets (EM) market, according to the latest data from the MSCI EM Investable Market Index (IMI).
17 Sep 2024
InflationWholesale inflation in India cools down to 1.31% in August
India's wholesale inflation has dipped below 2% for the first time in four months. The decrease is attributed to a reduction in commodity and food prices.
30 Aug 2024
Gross Domestic ProductIndia's Q1FY25 GDP growth decelerates to 5-quarter low at 6.7%
India's gross domestic product (GDP) growth for the first quarter (April-June) of the current financial year 2024-25 has dipped to a five-quarter low of 6.7%, government data released on Friday has revealed.
29 Aug 2024
BengaluruAt 21, Zepto co-founder youngest on 2024 Hurun India Richlist
The latest edition of the Hurun India Richlist is now official.
31 Jul 2024
Nirmala SitharamanIndia's fiscal deficit decreases significantly to 8% of annual target
India's fiscal deficit, a crucial indicator of its financial health, has narrowed significantly in the first quarter of FY25.
15 Jul 2024
FoodIndia's wholesale food inflation touches 20-month high in June
India's wholesale inflation in June soared to a 16-month high of 3.4%, a significant increase from May's 2.6%, according to government data released today.
04 Jul 2024
InflationTax relief imperative? Why Budget 2024 needs standard deduction hike
India's Finance Minister Nirmala Sitharaman is anticipated to increase the standard deduction limit in the upcoming budget, potentially bringing good news to individuals earning salary and pension.
03 Jul 2024
BusinessIndia's service sector booms in June, record exports fuel growth
India's service sector activity experienced a surge in June, reaching 60.5 from May's five-month low of 60.2, according to HSBC India Services Business Activity Index.
01 Jul 2024
BusinessIndia's manufacturing expands in June, PMI rises to 58.3
India's manufacturing sector experienced a surge in June, with the Manufacturing Purchasing Managers's Index (PMI) rising to 58.3 from May's three-month low of 57.5.
18 Jun 2024
Fitch RatingsFitch raises India's FY25 economic growth forecast to 7.2%
Fitch Ratings has revised its economic growth forecast for India in FY25 to 7.2%, up from the previous projection of 7% made in March.
07 Jun 2024
Monetary Policy CommitteeRBI ups India's GDP growth forecast to 7.2% for FY25
The Reserve Bank of India (RBI) has revised its real gross domestic product (GDP) projection for the fiscal year 2024-25 to 7.2%, a slight increase from the earlier estimate of 7%.
05 Jun 2024
InflationIndia's service sector growth hits five-month low in May
India's service sector growth slowed to a five-month low in May, as indicated by the final HSBC India Services purchasing managers' index (PMI) compiled by S&P Global.
India's GDP exceeds expectations with 7.8% growth in Q4
India's gross domestic product (GDP) has surpassed analysts' predictions, registering a growth of 7.8% in the final quarter of FY24, as per data from the Ministry of Statistics and Programme Implementation (MOSPI).
30 May 2024
Reserve Bank Of India (RBI)RBI's balance sheet grows by 11% to nearly ₹70.5L crore
The Reserve Bank of India (RBI) has reported an 11.08% increase in its balance sheet size for FY2024, reaching ₹70.48 lakh crore as of March 31.
29 May 2024
Nirmala SitharamanS&P upgrades India's economic outlook for first time since 2010
S&P Global Ratings has revised its outlook for the Indian economy from 'stable' to 'positive', while maintaining rating at 'BBB-', the lowest investment grade rating.
17 May 2024
United Nations (UN)UN raises India's 2024 GDP growth forecast to 6.9%
The United Nations (UN) has updated its economic growth projections for India in 2024, predicting a nearly 7% expansion, an increase from the previous forecast of 6.2% made in January.
16 Apr 2024
Federal ReserveMorgan Stanley forecasts no rate cuts for India in 2024-25
Morgan Stanley's team of analysts predicts that India is unlikely to lower its interest rates in the fiscal year 2024-25.
31 Aug 2023
InflationIndian economy to see its fastest growth in a year
India's economy surged from 6.1% in the January-March quarter to 7.7% in the April-June quarter, the fastest since April-June 2022, according to the median projection in a Reuters poll of economists.
12 Apr 2023
International Monetary FundIndian economy 'very strong,' will grow at 5.9%: IMF chief
The International Monetary Fund (IMF) on Tuesday slashed the growth projection for India from 6.1% to 5.9% for the financial year 2023-24. However, Daniel Leigh, the division's World Economic Studies chief, praised India, calling it one of the bright spots in the current global economy.
01 Feb 2023
Union BudgetWill Union Budget 2023 boost Indian economy, what to expect
Finance Minister Nirmala Sitharaman will present the Union Budget 2023 today at 11 am.
