Financial Updates

Moody’s lifts India’s 2023 GDP growth forecast but lowers 2024 outlook.

Moody’s, the rating agency, has increased its GDP growth forecast for India in 2023 to 6.7% from 5.5% due to the strong GDP growth of 7.8% in Q1FY24. However, they have lowered their outlook for India’s GDP in 2024 to 6.1% from 6.5% because the Q1 GDP performance created a high base. The agency attributed …

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RBI Monetary Policy Update: No Change in Interest Rates, UPI Lite Limit Increased

The Reserve Bank of India (RBI) recently announced its latest decisions regarding the country’s monetary policy. The key highlights from this announcement include the decision to keep the repo rate (a key interest rate) unchanged at 6.5% and an increase in the payment limit for UPI Lite transactions to ₹500. These decisions were made by …

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RELIANCE SHARE PRICE SURGED AFTER COMPANY ANNOUNCE DEMERGER OF JIO FINANCIAL SERVICES

Bulls on the Indian stock market showed a significant purchasing interest in Reliance Industries Ltd. (RIL) shares during Monday morning trading as the firm announced the value unlocking via demerger of Jio Financial Services. The share price of Reliance increased today after an upbeat start, reaching an intraday high of $2756 per share on the …

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India to become 2nd largest economy by 2075?

According to a research report from international investment banking giant Goldman Sachs, India will have the second-largest economy in the world after China by 2075 as a result of expanding service exports, advancements in innovation and technology, and a favorable environment for private sector capital expenditure. However, it stated that a significant downside risk is …

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6 years of GST: India’s tax reform that revolutionised the economic Prospect

India woke up to an alteration in its tax landscape on July 1st, 2017 as the Goods and Services Tax (GST) took center stage, promising to be the answer to demands for a streamlined indirect taxation system for the entire country. It’s motto being “One nation, One market, One tax,” GST aimed to bring benefits …

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Indian Economy Making Solid Recovery: RBI Governor

  The Indian economy has made a solid recovery and is among the fastest-growing large economies despite intense uncertainties and formidable headwinds affecting the growth of economy, said Reserve Bank Governor Shaktikanta Das.  He also added that the financial stability is non-negotiable and all stakeholders in the financial system must work to preserve this at …

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RISE IN INDIAN export: acheiving $2 trillion target by 2030

India’s recent growth in the field of merchandise export has been increasing in value at high pace. According to a report by Standard Chartered Bank, India’s export is expected to grow higher than the world average. The global growth in goods trade will be 5% on average till 2030 to touch $32.6 trillion, whereas, India’s …

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