Without a doubt, this RBI policy meeting has been historic. The Reserve Bank of India has emerged from its five-year hiatus, reducing the key policy repo rate by 25 basis points to 6.25%, down from 6.50%. After 2020, this is the first instance of the RBI making a rate cut. In May 2020, the Reserve…
The strength of the currency, rising US bond yields, and prospects of a dismal earnings season have caused foreign investors to withdraw Rs 44,396 crore from Indian stocks this month. According to data from the depositories, this followed an investment of Rs 15,446 crore in December. The change in attitude coincides with both internal and…
The Reserve Bank of India’s “state of economy” report, which was released on Wednesday, projects that real GDP growth in India would likely reach 6% in FY25. The current estimate, which follows the upward revision of the projected growth rate for FY24 from 6.5% to 7%, is less than the 6.5% forecast in the Monetary…
The actual Gross Domestic Product (GDP) is expected to expand by 7% from 6.5% according to the Reserve Bank of India (RBI). In addition to announcing the bi-monthly monetary policy on Friday, RBI Governor Shaktikanta Das also forecast real GDP growth for the upcoming fiscal year 2024–2025. Real GDP growth is anticipated to be 7%…
Many analysts have increased their GDP growth projections for FY24 in light of the 7.6% GDP growth in Q2FY24, which was stronger than anticipated and driven by a substantial increase in manufacturing activity and investments. Growth estimates for the current fiscal year have been revised upward by as many as ten experts, ranging from 20…
India’s real GDP growth in the second quarter of FY24 may have exceeded the 6.5% growth rate the Reserve Bank of India (RBI) had predicted. The forecasts vary from 6.2% to as high as 6.9%, while the majority have updated their projections upward. Economists cite sequentially higher government consumption spending and relatively strong consumption demand…
India’s economy is anticipated to do well in its most recent assessment due to robust growth in the services sector and an uptick in manufacturing despite high-interest rates. According to the consensus estimate in a Bloomberg survey conducted before the release of the data on Thursday, the gross domestic product increased by 7.8% over the…
According to a projection, a large increase in domestic travel and foreign arrivals will lead the Indian hotel industry’s direct contribution to the GDP to reach USD 1 trillion by 2047. The Hotel Association of India (HAI) and Benori Knowledge released a report titled “Vision 2047: Indian Hotel Industry” that estimates the direct GDP contribution…
