India’s foreign exchange reserves dropped by $4.11 billion to $640.279 billion as of December 27, 2024. This was the fourth straight weekly fall in reserves maintained with the Reserve Bank of India. Reserves Declined Last Week In the previous week, India’s total reserves decreased by $8.478 billion, reaching $644.391 billion. As per news reports the …
During Nov 2024, the coal sector recorded remarkable growth with a provisional increase of 7.5%, reaching 199.6 points compared to 185.7 points in November 2023. This performance is part of the overall results from the Index of Eight Core Industries (ICI), which is released by the Ministry of Commerce & Industries. The base year for …
The Indian economy, once riding high on post-pandemic recovery, now finds itself at a crossroads as it steps into 2025. Signs of deceleration have tempered a promising growth story marked by resilience and opportunity. As the global economic environment remains fraught with uncertainties, the outlook for India’s economy presents a complex mix of hope, challenges, …
On January 03, 2025, the Indian rupee traded at 85.79 to the U.S. dollar, up nearly 0.02% against 85.75 at the previous close yesterday. The currency depreciated by 2.8% in 2024, marking its seventh consecutive year of decline. The Indian Rupee hit an all-time low of 85.8075 last Friday. Strong US Data Release Aids Dollar …
India’s textile and apparel exports, including handicrafts, grew by 7% during the April-October period of FY25, reaching USD 21.35 billion. This is up from USD 20 billion during the same period last year. Top Export Categories The largest share of exports came from Ready Made Garments (RMG), which contributed USD 8.73 billion (41%) of the …
Finance Minister Nirmala Sitharaman will present the Union Budget for 2025-26 on February 1, 2025. In preparation, she chaired the seventh Pre-Budget Consultation meeting with key stakeholders from the financial sector and capital markets. The discussions highlighted significant demands, including tax sops to encourage savings, measures to deepen financial markets, and fiscal interventions aimed at …
On January 02, 2025, the Indian rupee traded at 85.73 to the U.S. dollar, up nearly 0.09% on the second trading day of the year against 85.65 at the previous close yesterday. The currency depreciated by 2.8% in 2024, marking its seventh consecutive year of decline. Performance of Regional Currencies Asian currencies recovered in today’s …
As India steps into 2025, the nation emerges as a global leader in sustainable development, driven by the Ministry of New & Renewable Energy’s (MNRE) extraordinary accomplishments. Union Minister Pralhad Joshi, reflecting on the past year, said, “2024 marked a transformative moment in India’s renewable energy journey. Our achievement of 214 GW from non-fossil sources …
India’s GST collections climbed to ₹1.77 trillion in December 2024, marking the 10th straight month of revenues exceeding ₹1.7 trillion, according to government data released on Wednesday. This represents a 7.3% increase compared to ₹1.65 trillion collected in December 2023 but remains lower than the peak of ₹2.1 trillion achieved in April 2024. December’s collection …
The Indian government reported a fiscal deficit of ₹8.47 trillion ($98.9 billion) for the period from April to November 2024, reaching 52.5% of its annual target. Here’s a breakdown of the key details: Tax Collections Show Modest Growth Net tax receipts for the first 8 months stood at ₹14.43 trillion, meeting 56% of the annual …
