India can become the second largest economy by 2031 and the largest economy in the world by 2060, said Michael Debabrata Patra, Deputy Governor, Reserve Bank of India (RBI) during a program at the Lal Bahadur Shastri National Academy of Administration, Mussoorie.
State Bank of India (SBICAPS) report titled "Indian Economy: Maintaining Momentum on a Deteriorating Global Pitch" observed a positive demand momentum in major sectors of the economy.
Mumbai (Maharashtra) [India], June 28: Cash flow, the lifeblood of any business, is especially critical for Micro, Small and Medium Enterprises (MSMEs). At Shriram Finance, we understand the unique challenges faced by MSMEs and recognize that effective cash flow management is fundamental to
The global economy is currently facing significant risks stemming from ongoing geopolitical tensions, high levels of public debt, and slow progress in reducing inflation, according to the Reserve Bank of India's (RBI) 29th Financial Stability Report (FSR) released on Thursday.
The report said, "We expect India's infrastructure investment to steadily increase from 5.3 per cent of GDP in F24 to 6.5 per cent of GDP by F29. Indeed, this implies that infrastructure investments are expected to register a strong 15.3 per cent CAGR, resulting in cumulative spending of USD
Mumbai (Maharashtra) [India], June 26: India is at the threshold of a major structural shift in its growth trajectory, moving towards 8 percent GDP growth in a sustained manner, said RBI Governor Shaktikanta Das. He was speaking at the 188th AGM of Bombay Chamber of Commerce & Industry.
Investment banking company Morgan Stanley anticipated a 15.3 per cent compound annual growth rate (CAGR) in infrastructure investments, which is projected to result in a cumulative expenditure of USD 1.45 trillion over the next five years.
The prospects for Indian agriculture are brightening with the early landfall of the southwest monsoon, highlights the monthly bulletin released by the Reserve Bank of India (RBI) on Wednesday.
According to a press release by the Ministry of Finance, these figures underscore the country's strong economic performance and a healthy tax compliance environment.
Newly elected President of the Confederation of Indian Industry (CII) and Managing Director of ITC, Sanjiv Puri, stated that within a few years, India will undoubtedly be among the world's top three economies.