Economy

Debunks reports of poor working conditions, safety standards India is aiming to reach Rs 1 trillion in marine product exports in next two years by increasing its processing capacity and.

Ines Lam, Economist at HSBC, said, “India’s services PMI rose in March, following a small dip in February, on the back of strong demand that spurred sales and business activity.”.

The RBI MPC meeting commenced on April 3 and the six-member committee headed by RBI Governor Shaktikanta Das, will announce its decision on India’s benchmark interest rate at 10 am.

Economists forecast Q4 GDP growth to be significantly higher than NSO estimate of 5.9%. India’s foreign trade is likely to push the country’s gross domestic product (GDP) growth by about.

Barclays maintained its forecasts for the annual current account at $35 billion or 1 per cent of the GDP in FY23-24, but stated that it sees a downside to this.

RBI steps creating more robust financial system, says rating agency. S&P Global on Tuesday raised its forecast for India’s real economic growth in the next financial year (2024-25) by 0.4.

Overall, engineering exports entered the positive growth zone by February stood at $ 98.03 billion as against $ 96.84 billion during April-February of last year, securing 1.23% growth. Engineering goods.

Panagariya said Prime Minister Narendra Modi worked hard over the past 10 years to make India a friendly place for businesses, so investment is coming in. India can realistically push.

The Reserve Bank of India’s (RBI) FX reserves rose to a record high of $642.49 billion as of March 15. India’s central bank will keep building its forex reserves as.

Per the data released by RBI, the CAD in the October-December quarter amounted to 1.2 per cent of India’s GDP. India’s current account deficit (CAD) declined to $10.5 billion in.