Foreign portfolio investment (FPI) inflows into India are projected to remain positive in FY25, with an expected inflow of USD 20-25 billion, according to a report by Bank of Baroda.
The Indian rupee is expected to remain under pressure in the near term, trading in a range of 84-84.5 per US dollar, according to a report by Bank of Baroda.
Executive Director of India-Brazil Chamber of Commerce Leonardo Ananda Gomes highlighted the successful bilateral trade between the two countries, which as of now has crossed the USD 15 billion mark.
India could potentially save about USD 10 billion annually by expanding insurance penetration to those people and assets that are still uninsured, according to a report by global consultancy management firm McKinsey.
India's textile industry is on the brink of expansion, with total textile exports projected to reach USD 65 billion by FY26, according to Invest India, which is the central government's investment promotion and facilitation agency.
India's foreign exchange (forex) reserves dropped for a sixth consecutive week to hit a near three-month low of USD 675.65 billion as of November 8, data from the Reserve Bank of India (RBI) showed on Friday, November 15.
Notably, over 200 Indian companies have invested over USD 27 billion in Nigeria, making them the second-largest employers after the Nigerian government.
Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, highlighted the factors behind the price drop, stating, "Gold's weakness persisted with prices falling below USD 2,550 and near Rs73,500 on MCX as the dollar climbed above 106.50 and edged closer to 107. The US CPI
India has achieved a significant milestone by recording its highest-ever merchandise exports of USD 39.2 billion for October month in the last decade, highlighting the country's growing strength in global trade, as per the official data released by the Directorate General of Commercial Intel
The Russia-India Business Forum, held in Mumbai on November 11, set a central goal of achieving USD 100 billion in trade turnover between the two countries by 2030