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Tax Collections Surge As AI Enhances Compliance And Monitoring
Nominal GDP growth averaged 8.85% in the first two quarters, slightly below the Union Budget's forecast of 10.5% for the year, according to the statistics ministry's latest data.
RBI Maintains Repo Rate at 6.5%; Projects Economic Growth For FY25
The RBI has opted to keep the repo rate steady at 6.5% for the 11th straight time, reinforcing its neutral monetary policy stance.
Moody’s Forecasts 7.2% GDP Growth For India In 2024; Cautions On Inflation Risks
Moody’s has forecasted a strong 7.2% GDP growth for India in 2024, driven by favorable economic conditions and solid growth prospects.
India Maintains Position As Fastest-Growing Economy; IMF Reports Strong Outlook
The latest report by the IMF confirms India as the world's fastest-growing economy, driven by strong investment and private consumption.
RBI Keeps Repo Rate Steady At 6.5%; Maintains GDP Growth Forecast
On Wednesday, the RBI's MPC decided to maintain the repo rate at 6.5% and upheld its GDP growth forecast for India at 7.2% for FY25.
RBI Projects Robust GDP Growth For FY25 Over Strong Economic Fundamentals
The Reserve Bank of India (RBI) is optimistic about India's economic prospects, forecasting a real GDP growth of 7.2% for FY25.
India’s Per Capita Income Projected To Increase By $2,000 In Next Five Years
Nirmala Sitharaman announced on Friday that India will likely see its per capita income rise by at least $2,000 over the next five years.
S&P Global Ratings Maintains India’s GDP Growth Forecast At 6.8% For FY25, Cuts China’s Projection
S&P Global Ratings has affirmed India's GDP growth forecast at 6.8% for the fiscal year 2024-25, while simultaneously reducing China's economic growth outlook by 0.2 percentage points to 4.6% for the calendar year 2024.
GST Collections Rise 10% Year-on-Year In August To Rs 1.75 Lakh Crore
Domestic transactions contributed significantly, with gross GST revenues from these transactions growing by 9.2% to about Rs 1.25 lakh crore. Revenues from imports also saw a rise of 12.1%, reaching Rs 49,976 crore
NITI Aayog Proposes $300 Billion Roadmap For Mumbai Metropolitan Region By 2030
The NITI Aayog presented a strategic roadmap to the Maharashtra government on Thursday, outlining a plan to boost the Mumbai Metropolitan Region.
