Prime Minister Narendra Modi has highlighted India's poverty reduction progress, citing a World Bank report that shows extreme poverty falling from 27.1% in 2011 to 2.6% in 2023. The report estimates that 49.6 crore people moved out of poverty under the broader lower-middle-income poverty threshold.
SBI Research has proposed a 50 basis points off-cycle RBI rate hike and a wider interest rate corridor, while calling for measures to address currency market volatility and revise export proceeds timelines
Finance Minister Nirmala Sitharaman is visiting Singapore from October 9 to 11 for meetings with the country’s top leadership, global CEOs and institutional investors to strengthen bilateral trade, investment and financial cooperation.
Finance Minister Nirmala Sitharaman said the next phase of GST reforms will focus on simpler compliance, greater certainty for businesses and taxpayer relief.
India has the strongest FY27 growth outlook in the WEF Chief Economists Outlook, with economists projecting 6.7% GDP growth amid resilient domestic demand.
Recently, when India’s GDP and product growth figures were released, they surprised India’s opposition parties more than the world. The figures showed that India’s GDP growth rate in the first quarter of 2026-27 was 7.8 percent, compared to 6.9 percent in the first quarter of the previous year. Critics voiced strong opposition, supported by former.
India’s foreign exchange reserves surged $44.90 billion to a record $785.71 billion in the week ended September 4, with foreign currency assets driving the increase.
India wants to become a developed economy. It wants more factories, more investment, more jobs and the infrastructure to support them. But while we speak about building a $5 trillion economy and becoming a global manufacturing hub, another question deserves attention: Are we creating enough institutions that build, produce and create wealth? The figures in.
A rupee nearing Rs 96 against the US dollar is more than just a market number. For an Indian family planning a foreign holiday, paying a child’s college fees abroad or buying imported products, every fall in the rupee can mean spending more money. To understand it simply: when $1 costs Rs 83, buying $5,000.
