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India's per capita nominal GDP to increase by Rs 35k in FY25 despite slowe
Updated : 1 year, 2 months ago IST
Despite a slowdown in real GDP growth and stagnant nominal GDP growth, per capita nominal GDP is expected to rise significantly in FY25, according to a report by the State Bank of India (SBI).
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SBI downgrades India's GDP growth forecast to 6.3% for FY25 after NSO esti
Updated : 1 year, 2 months ago IST
The State Bank of India (SBI) has revised its forecast for India's GDP growth in FY25 to 6.3 per cent, slightly lower than the National Statistical Office's (NSO) estimate of 6.4 per cent.
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EXIM Bank raises USD 1 billion through 10-year bond
Updated : 1 year, 2 months ago IST
India Exim Bank (Export-Import Bank of India) has raised USD 1 billion by issuing 10-year bonds in the international market, the bank announced on Tuesday. This makes it the first Indian organisation to issue dollar bonds in 2025.
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India's Fiscal impulse improves in Nov'24; further pickup likely in rest o
Updated : 1 year, 2 months ago IST
India is on the path of fiscal prudence as the government has spent around 52.5 per cent of the budget estimate (BE) of its deficit in the first seven months of FY25, says a report by the Union Bank of India.
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Become your own power producer, increase income: Tripura Electricity Minis
Updated : 1 year, 2 months ago IST
Electricity Minister Ratan Lal Nath has urged the residents of the state to become self-reliant in electricity production and enhance their income instead of solely depending on conventional power generation centers. He made this appeal during a special camp organised under the PM Surya Ghar
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Trump's second term will be good for equity mkt and dollar but not so good
Updated : 1 year, 2 months ago IST
The upcoming second term of the US President Donald Trump (Trump 2.0) will be beneficial for the equity market and US Dollar while it is negative for the bonds markets, according to a report by Union Bank of India.
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India's forex reserves continue to fall, kitty now stands 10% below peak
Updated : 1 year, 2 months ago IST
In the week that ended December 27, the country's foreign exchange kitty declined by USD 4.112 billion to USD 640.279 billion, data from the Reserve Bank of India (RBI) showed.
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Indians' consumption of pulses, cereals declines by 5 pc as spending patte
Updated : 1 year, 2 months ago IST
Indian households have significantly altered their spending patterns over the past 12 years, shifting focus from food to non-food items, according to an analysis by the State Bank of India (SBI).
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Extreme Poverty reduced to minimal in India: SBI Research
Updated : 1 year, 2 months ago IST
As the poverty rates in the country declined below 5 per cent in 2024, a research study by State Bank of India (SBI) also highlighted that the extreme poverty in the country has reduced to minimal.
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RBI may reduce policy rates by 50 basis points in the first half of 2025:
Updated : 1 year, 2 months ago IST
The Reserve Bank of India (RBI) is likely to cut policy rates by 50 basis points (bps) in the first half of 2025, says a report by Jefferies.
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Consumption inequality declining mostly due to direct benefit scheme: SBI
Updated : 1 year, 2 months ago IST
India is witnessing a significant decline in consumption inequality across rural and urban regions, according to a report by the State Bank of India (SBI).
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Rupee will marginally depreciate against USD in CY25, will outperform many
Updated : 1 year, 2 months ago IST
The Indian Rupee (INR/RS) depreciated by 2.8 per cent in CY24 but still outperformed many of its peers. The Reserve Bank of India (RBI) has actively intervened in the forex market to manage currency fluctuations.
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