The Reserve Bank of India (RBI) in its August Monetary Policy Statement raised its projected CPI inflation rate for the current fiscal year (2023-24) to 5.4%, compared with its 5.1% y/y projection made in the June Monetary Policy Statement. This nevertheless represents...
In 2023, India’s GDP surpassed $3.73 trillion, solidifying its position as the fifth-largest global economy and the third-largest in purchasing power parity (PPP), trailing only the United States and China. India’s transition into a digital-first economy is particularly noteworthy. With one ...
Companies can be a powerful engine for India’s economy. Here’s how they can achieve extraordinary business growth.
Siddharth Srivastava
NEW DELHI — India’s goal of becoming a $5 trillion economy calls for policies that promote sustainable and inclusive growth and the Union Budget 2025-26 can act as a catalyst for growth while ensuring equity and efficiency in the economy, a
He added that the country has struggled to create additional employment in the last six years, with the number of jobs stagnant at 405 million India has had a phenomenal transformation — from an impoverished nation in 1947 into an emerging global power whose $3 trillion economy is Asia’...
China’s neighbor India is also among the leaders on building the metaverse. With the government seeking to foster a digital economy worth up to US$1 trillion, the market for video streaming and gaming is seeing fresh heights...
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All told, India’s GDP could more than double from $3.5 trillion today to surpass $7.5 trillion by 2031. Its share of global exports could also double over that period, while the Bombay Stock Exchange could deliver 11% annual growth, reaching a market capitalization of $10 trillion in the...
according tomedia reports. The surge has been driven by increased local value addition (15–20 percent depending on the model) and a 46 percent rise in domestic production to INR 1.48 trillion (US$17.5 billion). In 2023, Apple exported US$9 billion worth of iPhones, accounting for 75...