Delhi-NCR [India], June 10: For the eighth consecutive time, the RBI has decided to keep the repo rate unchanged at 6.5%. This decision, combined with optimistic GDP growth projections, massive infrastructural development, an increased pace of project launches, and robust demand, is expected
This optimistic outlook aligns with the Reserve Bank of India's (RBI) latest monetary policy report, which predicts a robust growth rate of 7.2 per cent for India in the fiscal year 2025.
Industry leaders and economists widely accepted RBI's monetary policy stand of no change in interest rates. Besides upward projection of GDP growth for FY25 from 7 per cent to 7.2 per cent is welcomed by the Industry.
This projection stands out as an exception compared to the trend observed in other emerging economies, where central bank rate actions typically mirror those of advanced economies.
New Delhi [India], June 3: While Solana's price prediction paints a bullish picture, a growing number of Cardano addresses have faced losses. BlockDAG, on the other hand, has caused a frenzy in the crypto world by dropping a new keynote video 'from the moon', becoming the highest trending cr
They said that with IMD predicting a good monsoon, the agriculture sector growth is expected to be better in the current financial year. The manufacturing sector is also expected to continue its growth momentum. Before 2020, companies had balance sheet issues and the growth was stagnant. Now
Despite the challenges faced by the global economy, including geopolitical tensions and extreme weather events, global growth remains resilient, supported by easing inflationary pressures and strong employment conditions.
According to recent projections, the value added in the chemicals market is expected to reach USD 29.7 billion in 2024, with a compound annual growth rate (CAGR) of 3.26 per cent from 2024 to 2029.
National Security Advisor (NSA) Ajit Doval on Friday emphasized the necessity of strong border security in light of India's projected growth to a USD 10 trillion economy and becoming the world's third-largest economy within the next decade, with a particular focus on technological advance
Earlier, in the Reuters poll, several economists anticipated the growth to be around 2.5 per cent. But the final numbers have exceeded the projections. The economy grew 4.1 percent year-on-year in the third quarter of 2022.
The Current Sentiment Index Score soared to 72, ascending from last quarter's 69, and setting a decadal high. Driven by a strong domestic economy, the Future Sentiment score also saw an uplift, climbing from 70 in Q4 2023 to 73 in Q1 2024, as highlighted in the report.
The United Nations upwardly raised India's economic growth projections for 2024 from 6.2 per cent to 6.9 per cent mainly driven by strong public investment and resilient private consumption, joining IMF that recently upped the country's growth forecast.