India's GDP growth dropped to 5.4 percent in Q2 FY25, primarily due to a manufacturing-led slowdown, with full-year growth expected to fall below 6.5 percent, as per an SBI report
30 November,2024 09:26 AM IST | New Delhi
Forex traders said the dollar demand from importers for meeting month-end payment obligations weighed on the rupee, while the GDP data released by the government later in the day adversely impacted the currency market, toppling the local unit to its record low
29 November,2024 09:23 PM IST | Mumbai | mid-day online correspondent
The report also notes that the export growth in India may face hurdles in the upcoming months due to weakening demand in developed markets
26 November,2024 10:06 AM IST | New Delhi | mid-day online correspondent
CBDT chairman Ravi Agarwal expressed confidence in exceeding the Rs 22.07 lakh crore direct tax collection target for FY25, citing strong growth in corporate and non-corporate tax revenues. He also urged taxpayers to disclose foreign assets before the December deadline
18 November,2024 02:43 PM IST | New Delhi
Bank of Baroda’s report highlights India’s resilience in handling current rupee challenges, citing strong macroeconomic fundamentals, controlled deficits, and robust foreign exchange reserves.
18 November,2024 08:44 AM IST | New Delhi
India’s real GDP expanded 6.7 per cent year-over-year in the second quarter of 2024
16 November,2024 07:34 AM IST | New Delhi | Agencies
Inflation in potato and onion remained high at 78.73 per cent and 39.25 per cent, respectively, in October
15 November,2024 07:41 AM IST | New Delhi | Agencies
SBI Research has stated that a rate cut by the RBI is unlikely in February 2025 due to persistent inflation. While inflation is expected to ease slightly from January, it will mainly be driven by base effects, not a significant reduction in price pressures.
13 November,2024 09:25 AM IST | New Delhi
India is confident of reaching USD 100 billion in annual trade with Russia well ahead of the 2030 target, says External Affairs Minister S. Jaishankar, highlighting progress in economic collaboration
12 November,2024 02:39 PM IST | New Delhi
Bank of Baroda projects India’s GDP growth at 6.9 percent for Q2 FY25, citing strong domestic demand and positive economic indicators. The festive season and increased government spending are expected to support sustained growth, though inflationary pressures may affect future policy decisions.
12 November,2024 12:37 PM IST | New DelhiADVERTISEMENT
