The Reserve Bank of India (RBI), while maintaining the status quo in the repo rate, pegged India's GDP growth for the next financial year 2024-25 (April-March) at 7 per cent.
The Indian economy is projected to grow close to 7 per cent in the financial year 2024-25 that starts this April, said the Ministry of Finance in its monthly review report.
Subramanian said, "The fact that the economy has grown at 7.2 per cent last year and at 7.7 per cent in the first half of this year is telling in itself. And if I look forward to a 7.7 per cent growth in the first half of the year, even with a 6.3 per cent average in the second half of th
India's power demand is expected to rise by around 7 per cent in the financial year ending March 2024 amid robust industrial activity, according to Fitch Ratings.
Shares of Housing and Urban Development Corporation (HUDCO) declined over 10 per cent on WEdnesday as the central government planned to divest up to 7 per cent of stake sale in the state-owned housing finance firm through the offer for sale (OFS) route.
Mumbai (Maharashtra) [India], October 14: Now, one can earn FD-like interest by opening a Zero Balance Savings Account with Kotak811. In a remarkable step towards redefining the personal banking experience, the digital bank is providing customers financial flexibility and growth like never b
The scheme, launched on June 1, 2020, is a micro credit scheme for urban street vendors that aims to provide collateral-free working capital loans up to Rs 50,000. Under the scheme regular repayments are incentivized with a 7 per cent interest subsidy and digital transactions are rewarded wi
India’s gold demand in April-June 2023 quarter dropped by 7 per cent to 158.1 tonnes, attributable to high gold prices which significantly impacted affordability and consumer sentiment, said World Gold Council in a report on Tuesday.
The Indian economy is expected to grow in a range of 6.5-7 per cent in the current financial year 2023-24 per cent, said Chief Economic Advisor Anantha Nageswaran.
Agra (Uttar Pradesh) [India], June 5: Bharat Petroleum Corporation Ltd., a leading provider in the energy sector, and Ashok Leyland have initiated a pilot program to test the effectiveness of ED7 (Diesel blended with 7 per cent Ethanol) fuel. This program aims to transform India's bio-fuel e
Indian economy grew more than various experts and global agencies initially estimated for 2022-23. As per the provisional estimates released by the National Statistical Office (NSO) earlier this week, real GDP growth for 2022-23 stood at 7.2 per cent, higher than the 7 per cent projected.