India has emerged as the world’s fifth-largest economy, boasting a GDP of $3.89 trillion in FY 2023-24, with an impressive growth rate of 8.2%. Despite challenges such as global economic uncertainties and high inflation, the country has demonstrated resilience, reflected in robust GDP growth,...
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Value of bank assets in India FY 2013-2023 Published bySandhya Keelery,Aug 30, 2024 The assets of banks in India amounted to about 2.9 trillion U.S. dollars in financial year 2023. During this period, public sector banks accounted for the highest share in assets compared to private and fo...
The expenditure associated with the elections is substantial. According to the Delhi-based Center for Media Studies, the 2019 general election cost 8.6 billion U.S. dollars and this year's cost is estimated to surpass 1.2 trillion rupees (14.4 billion dollars). MAIN ISSUES Modi assumed office a...
With India seeking over a trillion dollars of investment in infrastructure by 2025,9 and with an attractive growth profile, the country is increasingly becoming the central focus of investor interest in the Asia-Pacific region.This relationship with global finance is also assisting India’s efforts ...
100. India’s GDP in 2075 is projected at $52.5 trillion and per capita GDP at $31,300. Bangladesh is projected to be a $6.3 trillion economy with per capita income of $31,000. By 2075, China will be the top global economy, followed by India 2nd, US 3rd, Indonesia 4th, Nigeria ...
India proposed a defence budget of 6.81 trillion rupees for 2025-26, up 9.5% from the previous year. The allocation focu The Economic Times 1 Feb 2025 5:48 pm Direct, indirect taxes comprise 66 paise of every rupee in govt coffer: Budget documents For the fiscal year 2025-26, the In...
The value of government net debt in India in 2024 was forecasted to be almost 254 trillion Indian rupees, an increase from 150 trillion rupees in 2020. The government debt is estimated to reach over 423 trillion in 2029. Government net debt forecast in India from 1991 to 2029(in trillion ...
Based on the average exchange rate for 2023 on a Purchasing Power Parity basis, the Indian rupee dropped by -20.8% against the US dollar since 2019 and depreciated by -5.1% from 2022 to 2023. India’s weaker local currency makes Indian exports paid for in stronger US dollars relatively less...
With India seeking over a trillion dollars of investment in infrastructure by 2025,9 and with an attractive growth profile, the country is increasingly becoming the central focus of investor interest in the Asia-Pacific region.This relationship with global finance is also assisting India’s efforts ...