Indian Economy
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Union Budget 2024: Timeline of major milestones that shaped Indian economy
Budget | Jul 22, 2024, 08:04 PM ISTIn over 77 years of India's independence, the nation has taken giant leaps to become the fifth-largest economy in the world. As the country awaits what the budget brings, here are some of the most significant events that changed the course of our economy.
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Indian economy set for stable high growth amid Risks, says RBI's Shashanka Bhide
Business | Jun 30, 2024, 02:07 PM ISTThe current official estimate of GDP growth in 2023-24 is 8.2 per cent, accelerating from 7 per cent in the preceding year. Earlier this month, the Reserve Bank of India pegged the GDP growth rate for FY25 at 7.2 per cent.
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FATF adopts India's mutual evaluation report, lauds efforts in tackling money laundering
World | Jun 28, 2024, 05:21 PM ISTThe adoption of the report marks a significant milestone for India and is greatly advantageous for the economy due to increased investor confidence. India has been included in FATF's 'regular follow-up' category, a distinction shared by only four other G20 countries.
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India to remain fastest growing Asia-Pacific economy in 2024, predicts Moody's
Business | Jun 13, 2024, 08:33 PM ISTIn a report titled Credit Conditions Asia-Pacific H2 2024 Credit Outlook, Moody's Ratings said Indonesia, the Philippines and India led the way in terms of growth in first half of 2024 and should continue to outperform pre-Covid growth numbers.
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Modi 3.0: PM Narendra Modi signs first file to release Rs 20,000 crore for PM Kisan Nidhi
India | Jun 10, 2024, 02:23 PM ISTIn a symbolic gesture affirming the government's dedication to farmer welfare, Prime Minister Narendra Modi's inaugural act of his third term involves authorizing the release of the 17th installment of the PM Kisan Nidhi scheme.
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S&P upgrades outlook on India's sovereign rating to 'positive' based on robust economic expansion
Business | May 30, 2024, 01:07 PM ISTThe rating agency's positive outlook on India is predicated on its robust economic growth, pronounced improvement in the quality of government spending, and political commitment to fiscal consolidation.
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India's rating outlook upgraded to positive on growth, improved government spending
Business | May 29, 2024, 07:17 PM ISTThe last time when the rating agency upgraded India's outlook was in 2014, from negative to stable. And in 2024, the agency has again upgraded it from stable to positive.
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UN raises India's growth rate in 2024 to nearly 7 pc, remains world's fastest-growing large economy
Business | May 17, 2024, 08:30 AM ISTAccording to the latest update, the consumer price inflation in India is projected to decelerate from 5.6 per cent in 2023 to 4.5 per cent in 2024, staying within the central bank’s two to six per cent medium-term target range.
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India all set to overtake Japan as fourth largest economy by 2025, predicts Amitabh Kant
Business | May 12, 2024, 02:40 PM ISTIndia's GDP grew at a massive 8.4 per cent during the October-December quarter of the financial year 2023-24, and the country continued to remain the fastest-growing major economy and is poised to maintain its growth trajectory going ahead.
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JPMorgan CEO lauds 'tough' PM Modi for doing 'unbelievable job' on poverty alleviation
Business | Apr 24, 2024, 06:25 PM ISTJPMorgan Chase CEO Jamie Dimon commended PM Modi for pulling 400 million people out of poverty through inclusive financial programmes. He also called the Indian leader "tough" for breaking old bureaucratic norms and opening bank accounts for 700 million people.
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RBI April's Bulletin claims extreme weather may pose risk to inflation across country
Business | Apr 23, 2024, 07:28 PM ISTThe Reserve Bank, which mainly factors in CPI while arriving at its bi-monthly monetary policy, has kept the key interest rate unchanged at 6.5 per cent since February 2023, citing concerns on the inflation front.
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IMF raises India's growth projection to 6.8 per cent in 2024 citing rising working-age population
Business | Apr 16, 2024, 08:01 PM ISTAs per the World Economic Outlook report, India continues to be the fastest-growing economy of the world, ahead of China's growth projection of 4.6 per cent during the same period.
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Indian economy to grow at 7.5 per cent in 2024, projects World Bank
Business | Apr 03, 2024, 12:20 PM ISTOverall, growth in South Asia is expected to be strong at 6.0 per cent in 2024, driven mainly by robust growth in India and recoveries in Pakistan and Sri Lanka, the World Bank said in its latest South Asia Development Update.
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Indian economy in 'severe distress' but so-called BJP 'doctors' don't care: P Chidambaram
India | Mar 29, 2024, 10:07 AM ISTP Chidambaram, former Union Finance Minister, criticised the BJP-led central government, asserting that the economy is experiencing severe distress. He supported his claim by highlighting a substantial decline in net foreign direct investment.
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India is world leader in vaccines, doing fantastic work in sphere of AI: Bill Gates
India | Feb 29, 2024, 11:42 PM ISTBill Gates exuded confidence about India's growth prospects in the future and said the country has strongly improved in several key areas. He also lauded political competition in India which is providing better amenities to people, while assuring support to the country's efforts in AI.
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'Robust 8.4 per cent GDP growth in Q3 2023-24 shows strength of Indian economy': PM Modi
Business | Feb 29, 2024, 10:26 PM ISTIndian GDP growth: The NSO, in its second advance estimate of national accounts, pegged the country's growth at 7.6 per cent for 2023-24. It had projected a growth of 7.3 per cent for the current fiscal in its first advance estimates released earlier in January 2024.
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'I want to secure the future of coming generation before leaving': PM Modi
India | Feb 10, 2024, 06:25 AM ISTPrime Minister Narendra Modi said that India is a welfare state and the government's priority is that the day-to-day life of the common man becomes easy and there is improvement in the quality of his life.
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UPA's decade of governance was marked by scams, policy misadventures: Sitharaman tables White Paper
India | Feb 08, 2024, 06:40 PM ISTNirmala Sitharman on White Paper: The budget session started with the address by President Droupadi Murmu to the joint sitting of two Houses on January 31.
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Economy to grow by 7.3 per cent in current fiscal against 7.2 per cent in 2022-23, govt estimates
Business | Jan 05, 2024, 06:25 PM ISTThe government on Friday estimated that the Indian economy will grow by 7.3 per cent in current fiscal against 7.2 per cent expansion in Financial Year 2022-23, PTI reported.
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RBI remains committed to prevent any risk to India's fastest growth potential: Shaktikanta Das
Business | Dec 28, 2023, 06:44 PM ISTThe RBI Governor noted that although the world economy is dealing with a number of difficulties, the Indian economy is macroeconomically resilient and has a strong banking system that is sustaining its growth patterns.