Author: InvestPolicy

India foreign exchange reserves created history in march reached more than 645 billion dollars | Forex Reserve: The country's foreign exchange reserves created history in March, reaching $645.6 billion. Money9 Hindi …

Real GDP growth is expected to be 7% in financial year 2025. Keeping in mind the ongoing economic uncertainty around the world and the US Fed's decision not to cut interest rates, RBI has not changed the interest rates this time too. RBI Governor Shaktikanta Das announced to maintain the repo rate at 6.50% in the monetary policy meeting. During this period, the RBI Governor also made many important announcements regarding controlling inflation. He said that the process of bringing down the inflation rate has been successful so far. But for the economic growth of the country, it is…

RBI keeps policy rate unchanged at 6.5% | Photo Credit: Reuters The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on April 5, 2024 decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50%.The decision was made on a majority of 5:1, according the the statement by India’s central bank. Also read: RBI Monetary Policy live updates – April 5The MPC is a six-member committee comprising three members from RBI including Governor Shaktikanta Das and three members appointed by the Central government.The RBI had maintained the status quo on policy rates and…

Announcing the monetary policy, RBI Governor Shaktikanta Das said that currently the repo rate has been maintained at 6.5 percent. Once again no change has been made in the repo rate in the meeting of the Monetary Policy Committee of the Reserve Bank of India. In such a situation, the hope of cheap loan is gone. Announcing the interest rates for the financial year 2024-25 on Friday, RBI Governor Shaktikanta Das said that at present the repo rate will remain at 6.5 percent. This decision was taken in the three-day meeting of RBI MPC starting from April 3. The…

India’s dominant services industry grew faster in March 2024 amid strong demand, according to a private business survey that also showed employment increased at the fastest rate in seven months and export business expanded at a record pace. | Photo Credit: The Hindu India’s services sector witnessed one of the strongest growth rates in over 13-and-a-half years in March on the back of strong demand that spurred sales and business activity, a monthly survey said on Thursday, April 4, 2024.The seasonally adjusted HSBC India Services Business Activity Index rose from 60.6 in February to 61.2 in March, one of the…

Virgin Atlantic announced its fifth flight to India with a second daily connection between Mumbai and London from October 2024.CEO Shai Weiss said, “We see infinite demand out of India. Why? Because I think only 7% of the population have a passport. The number of trips for every 100 people in India is probably around one and a half international trips outbound out of India. China is five times that.”Wednesday’s announcement comes days after the airline’s maiden flight between Bengaluru and London on March 31. The airline awaits a raise in bilateral seat capacity between India and the UK for…

Workforce assembling smartphones in an Indian mobile manufacturing unit in Hyderabad. | Photo Credit: Mohammed Yousuf Tamil Nadu, India’s largest exporter of electronic goods in FY23, accounted for 30% of all electronic goods exports from India in FY24. The State is in fact a late bloomer in this sector, with Uttar Pradesh and Karnataka dominating electronic goods exports until FY22. However, in recent years, among the top exporters of electronics, only Tamil Nadu’s numbers have consistently risen, while the figures of other States have either dropped or become stagnant.Also read:Who is winning the smartphone exports race – Vietnam or India:…

In India, the World Bank said, economic activity surprised on the upside in 2023Q4, with growth of 8.4% from a year ago. File. | Photo Credit: AP The Indian economy is projected to grow at 7.5% in 2024, the World Bank has said, revising its earlier projections for the same period by 1.2%. Overall, growth in South Asia is expected to be strong at 6.0% in 2024, driven mainly by robust growth in India and recoveries in Pakistan and Sri Lanka, the World Bank said in its latest South Asia Development Update on April 2.Also read | South Asia, India…

World bank upgraded fy25 economic growth forecast for indian economy by 20 basis points. The country will progress rapidly, World Bank increased the estimate of India's economic development. Money9 Hindi …

India buys palm oil from Indonesia, Malaysia and Thailand, while it imports soy oil and sunflower oil from Argentina, Brazil, Russia and Ukraine.  File | Photo Credit: KAMAL NARANG India’s sunflower oil imports rose by 51% in March from the previous month to reach the second highest level on record, as lower prices led refiners to increase their purchases while reducing buying of rival palm oil, five dealers told Reuters.Lower palm oil purchases by India, the world’s biggest importer of vegetable oils, could cap the rally in benchmark Malaysian palm oil futures that are trading near their highest in a…