Amid mounting optimism that the Iran-Israel crisis won’t develop, oil prices dropped in Asian trade on Monday, consolidating losses from the previous week. Crude prices had also suffered sharp declines over the previous week due to concerns about a slowdown in demand and the bad state of the global economy, which somewhat countered rising tensions…
In recent days “World Economic Outlook” report, the International Monetary Fund (IMF) increased India’s GDP growth forecast for FY24 by 40 basis points (bps) to 6.7% and for FY25 by 20 bps to 6.5%, citing “resilient domestic demand. ” India’s major economy would continue to grow at the fastest rate in the world, at 6.7%….
According to Ashima Goyal, a member of the RBI’s Monetary Policy Committee (MPC), the Indian economy has begun to perform well despite the unfavorable global environment since the Modi-led administration has carried out numerous reforms over the past nine years that have improved important macroeconomic indices. Goyal argued that it is foolish to extrapolate too…
