The monetary policy committee of the Reserve Bank of India (RBI) in its December review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the fifth straight occasions.
According to S&P Global, India standing at the forefront of this economic transformation, is poised to become the third-largest economy by 2030, showcasing robust and rapid growth unparalleled among major economies.
The latest inflow comes at a time when India reported strong quarterly growth maintaining its fastest-growing major economy tag, inflation in a comfortable zone, and political stability in the run-up to General Elections 2024.
Fiscal risks, especially on the spending side, take centre stage as a potential disruptor to this equilibrium. Fitch emphasizes that fiscal policy's role has been expanding steadily for over a decade, a trend set to continue in 2024.
The neutral outlook is driven by resilient business models, an increasing share of recurring non-volume revenue, and the overall adaptability of FMIs to market fluctuations.
Secretary, Economic Relations, Ministry of External Affairs (MEA), Dammu Ravi, on Tuesday met a delegation of the International Energy Agency (IEA) in the national capital.
New Delhi [India], November 23: Fairfax-backed IIFL Finance Limited, which is one of India's largest non-banking financial companies, today said that leading rating agency CRISIL has upward revised its outlook to 'Positive' from 'Stable'. The agency has also reaffirmed the long-term rating a