Indian stocks firm on Q2 GDP numbers, Nifty reaching a record high

01 Dec 2023

On Friday morning, the final session before the weekend, Indian stock indices saw strong trading following the country's announcement of higher-than-expected GDP growth in the July-September quarter of the 2023–24 fiscal year. At 20,263 points, the Nifty hit an all-time high today, closing 0.6% higher than it did in the...

IMF Executive Director: India’s GDP growth boosts quality, quantity of employment

07 Nov 2023

KV Subramanian, the Executive Director of the International Monetary Fund(IMF) and a former Chief Economic Advisor to the Indian government, discussed the benefits of India's GDP growth for the employment situation. Subramanian stressed that there have been notable advancements in India's employment quantity and quality, as evidenced by the trustworthy data from the Periodic Labour Force Survey (PLFS). Subramanian...

World Bank President Ajay Banga :”India’s G20 presidency set path for world”

10 Sep 2023

Ajay Banga, the president of the World Bank, claimed on Sunday that India's G20 presidency had paved the way for the rest of the world and praised the G20 declaration's anonymous adoption by all G20 countries. "I consider the fact that there was a declaration, a tribute to the fact...

Indian stocks continue to rise with all sectoral indices in green

05 Sep 2023

The majority of sectoral indices tracked in the green in early trade on Tuesday, as Indian stock indices continued to hold steady. The benchmark indices Sensex and Nifty closed at 65,775.44 and 19,579.00, respectively, up 0.2-0.3% from the previous day. "A significant trend in the market is the strength in...

Indian market indices continue to remain firm; near all-time high

19 Jun 2023

As a result of a number of favourable factors, including a solid GDP projection, controlled inflation, and significant purchases by foreign investors, Indian stock indices moved slightly higher on monday morning. The stock indices are very close to reaching record highs. The Sensex and Nifty were up 0.1 to 0.2%...

Indian stocks marginally increase after GDP numbers beat estimates

01 Jun 2023

The Indian stock markets began trading thursday slightly higher and maintained their upward trend. Overestimated GDP figures in India, consistent foreign investment, and the passage of the US debt ceiling bill by the US House of Representatives, which indicates that the debt impasse will be resolved and will lessen pressure...

Bangladesh’s GDP growth to overtake China, IMF report forecasts

08 May 2023

Bangladesh's Gross Domestic Product (GDP) growth rate in the current fiscal year will overtake China, the International Monetary Fund's latest report on the Asia-Pacific region forecast, according to Daily Sun citing United News of Bangladesh. According to the latest report from the IMF, Bangladesh will be in the second position,...

Income loss of 5.4 pc to India due to heatwave

21 Oct 2022

An income loss of 5.4 per cent of Gross Domestic Product (GDP) was suffered by India. It is the highest among the G20 nations in 2021, according to the new report by Climate Transparency. Experts from 16 partner organisations from the majority of the G20 group countries developed the "Climate...

RBI raises the repo rate by 50 basis points to a three-year high of 5.9%, with GDP expected to grow at 7%

30 Sep 2022

RBI Governor Shaktikanta Das announced on Friday that the Monetary Policy Committee (MPC) of the central bank raised the repo rate, or key lending rate, by 50 basis points (bps) to a three-year high of 5.9 percent. The country is expected to have a real GDP of 7%, which has...

PM MODI TARGETS AATMANIRBHAR BHARAT GROWTH IN ‘V’ SHAPE

16 Dec 2020

The growth rate of the GDP is usually considered the primary indicator of the health of a country’s economy, along with its forex reserves, fiscal deficit/surplus and current account deficit/surplus, tax collections and debt to GDP. Deficit is not always a negative factor, if it is reasonable and within the...