IMF cuts India’s FY24 GDP forecast to 5.9%: The International Monetary Fund (IMF) has lowered India's GDP growth forecast for fiscal year 2023-24 by 20 basis points to 5.9 percent. This latest forecast is slightly below the Reserve Bank of India’s projection of 6.4 percent. Despite the downward ...

India will be third largest economy by 2027-28: Piyush Goyal-- In a recent address to the Indian diaspora community in France, Union Minister Piyush Goyal announced that India is set to become the third-largest economy in the world by 2027. India, the world's fifth-largest economy, has experienced ...

Global trade expected to grow 1.7% in 2023: WTO: Despite ongoing concerns about the Ukraine conflict, high inflation, and financial insecurity, the World Trade Organization (WTO) has increased its forecast for global trade growth in 2023 from 1% to 1.7%. This updated outlook indicates that the ...

India could become world's second-largest solar manufacturer by 2026: With 110 gigawatts (GW) of solar photovoltaic (PV) module capacity set to come online in the next three years, India will quickly become self-sufficient and the second-largest PV manufacturing country after China, finds a new ...

Fiscal deficit till February hits 83 per cent of FY23 target at Rs 14.5 lakh crore: According to data released by the Controller General of Accounts (CGA), the central government's fiscal deficit reached 82.8% of the full-year target at the end of February. The fiscal deficit represents the gap ...

India’s forex reserves rise $5.98 billion to $578.78 billion: The Reserve Bank of India (RBI) reported that India's foreign exchange reserves increased for the second week in a row, reaching USD 578.778 billion in the week ending March 24. This indicates a rise of USD 5.978 billion in the week. ...

India’s Fixed Communication Services Predicted to Grow at 6.4% CAGR: According to a recent GlobalData report, India's fixed communication services revenue is expected to grow at a compound annual growth rate (CAGR) of 6.4%, rising from $10.2 billion in 2022 to $13.9 billion in 2027. The growth ...

S&P keeps India’s economic growth forecast unchanged at 6% for FY24: S&P Global Ratings has maintained its earlier forecast for India's economic growth rate of 6% in the fiscal year beginning April 1, with an increase to 6.9% the following year. In its latest quarterly economic update for ...

Government hikes raw jute MSP Rs 300 to Rs 5,050 per quintal : Cabinet Committee on Economic Affairs (CCEA) on 24 March increased the minimum support price (MSP) of raw jute by Rs 300 to Rs 5,050 per quintal for 2023-24 season. March 2023 Current Affairs QuizAn overview of the newsThe approval ...

Indian economy to grow at 7%; inflation set to moderate: Finance Ministry-- Indian economy is expected to grow at 7 per cent in FY23 despite global headwinds while retail inflation would moderate in line with wholesale inflation which fell to a 25-month low in January, the Finance Ministry said on ...