Facing a severe balance of payments crisis in 1991, the Indian economy liberalized with a slew of economic reforms aimed at reducing import tariffs and “opening up” sectors to foreign investment. As a result, foreign direct investment to the country trended upwards, gathering steam at the star...
During the Ninth Plan period, India’s balance of payments position remained mostly comfortable. Exports increased by 5.6 percent as against the target of 11.8 per cent. On the other hand, imports increased by 4.1 percent as against the target of 10.8 percent. The trade deficit for the plan ...
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BENGALURU (Reuters) - Shares of Indian digital payments firm Paytm jumped more than 6% on Monday to their highest levels in nearly six months, after the company's parent firm One 97 Communications Ltd posted an 89% surge in its quarterly revenue. Higher number of monthly u...
Other research has found more consistent increases in urban consumption inequality over time until the end of the last decade. Ding and He (2018) showed increasing inequality with the CHIP between the years 1995, 2002, and 2007, showing that Gini in consumption was higher than in income. ...
BENGALURU (Reuters) -Walmart-backed PhonePe said on Thursday it raised $350 million from private equity firm General Atlantic at a $12 billion valuation, making it India's most valuable payments firm and giving it funds to expand into the lucrative lending space. A second tranche o...
debt has weakened corporate India’s balance sheets. These were shaky to begin with: nonperforming loans held by India’s banks amounted to some 10 lakh crore Indian rupees ($130 billion) at the end of 2019. As a result, the quarters or even years ahead could see considerable de...
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Selling merchandise onmarketplacescan be a sustainable online business model. Seller platforms like eBay, Bonanza,Etsy, OfferUp, or Facebook Marketplace make the process of listing products, capturing contact information, and receiving payments easy. ...
- 5 hours ago 10 Dec 24, 9:17pm - newMobiKwik looks well placed to take advantage of growing digital payments trend MobiKwik is raising Rs 572 crore through an IPO to fund business expansion. The company offers online payment solutions and financial services. It has a large user base and...