In a nation with a population of 123.9 million, a mere 727,277 births were recorded last year, a stark decline revealed by data from the Ministry of Health, Labour and Welfare. This downward spiral in fertility is underscored by a drop in the fertility rate, now standing at 1.20, down from 1
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.
Kuldeep Singh Rathore, the AICC spokesperson and Congress MLA in Himachal Pradesh took a jibe at the BJP-led National Democratic Alliance and claimed that the NDA government will not be able to last long.
International gold prices dipped over 2 per cent on Friday, with analysts largely attributing the decline to stronger-than-expected job gains in the US and weak buying from key buyer, China.
The report, authored by Soumya Kanti Ghosh, SBI's Group Chief Economic Adviser, expects first repo rate cut in October meeting. The repo rate is the rate of interest at which the RBI lends to other banks.
Punjab Chief Minister Bhagwant Singh Mann on Friday said that the state government is duty-bound to ensure an uninterrupted supply of ration to the beneficiaries under Ghar Ghar ration scheme.
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.
Indian markets continued their upward trend and Sensex touched all-time high after the Reserve Bank of India (RBI) announced on Friday that it would keep policy rates unchanged at 6.5 percent and Narendra Modi will again take oath of Prime Minister of India.
The RBI's Monetary Policy Committee (MPC) maintained the status quo on the Repo Rate, keeping it unchanged at 6.5 per cent. The decision comes amidst a backdrop of economic uncertainties both domestically and globally.
According to Fitch Ratings, this outcome is expected to maintain broad policy continuity but poses challenges for advancing ambitious reforms due to the coalition dynamics and a weakened mandate.