India’s GDP growth for the July-September quarter (Q2FY25) dropped sharply to 5.4%, marking the lowest growth rate since Q3FY23. This is a significant slowdown compared to the 8.1% recorded in the same period last year and 6.7% in the previous quarter (April-June 2024), as per data released by the National Statistics Office on Friday. GVA …
Unified Payments Interface (UPI), a flagship initiative by the National Payments Corporation of India (NPCI), has transformed India’s financial ecosystem. In October 2024, UPI processed a record-breaking 16.58 billion transactions, worth ₹23.49 lakh crore, showcasing its pivotal role in driving the country’s shift towards a cashless economy. The Numbers Behind UPI’s Success The growth trajectory …
The Indian stock markets have been riding a high wave throughout much of 2024, with benchmark indices like the BSE Sensex and NSE Nifty reaching record peaks in September. The Sensex hit an all-time high of 85,978.25, while the Nifty touched 26,277.35. However, the euphoria was short-lived as the markets entered a correction phase from …
India’s rapidly advancing semiconductor industry is exemplified by the development of a cutting-edge semiconductor unit in Morigaon, Assam. Spearheaded by Tata Semiconductor Assembly and Test Pvt Ltd (TSAT), this facility is poised to become one of the country’s flagship manufacturing sites. With a planned investment of ₹27,000 crore, it aims to produce up to 48 …
In October 2024, India’s retail inflation rose to 6.2%, the highest in 14 months, up from 5.5% in September. Onion and tomato prices, which are major components of a typical thali, surged by 46% and 51%, respectively, due to poor harvests caused by heavy rainfall in key growing regions, as per the CRISIL MI&A Research …
In recent weeks, financial markets have shown significant volatility. The equity market has witnessed a decline, with indices dropping sharply. The benchmark index fell to 23,535.40, marking a 6.34% drop over the past month. Similarly, another key index declined by 5.37%, reaching 77,573.12. Despite these downturns, investor sentiment appears more resilient compared to previous periods …
India’s retail inflation rose to 6.2% in October, the highest in 14 months, up from 5.5% in September. This spike has been primarily driven by a sharp increase in food inflation, particularly in vegetable prices, which push overall inflation upward. Key Drivers of Inflation in October Food inflation reached double digits in October, hitting 10.9% …
In Q3 2024 (per the US financial calendar), India secured its position as a dominant player in the global IPO landscape, achieving a 36% share of all global listings. This impressive feat outpaced even the United States, which accounted for just 13%. India recorded its highest quarterly listings in the last two decades with record-breaking …
India’s Gen Z, an estimated 37.7 crore strong, is reshaping the country’s consumer market. This tech-savvy, trend-driven generation is set to become a major economic force, influencing up to 43% of household consumption. With many entering the workforce, their impact on spending patterns is undeniable. Gen Z currently contributes $860 billion to the economy, with …
India possesses a significant amount of coal reserves, having 5th rank across the world. India is the 2nd largest consumer of coal globally, driven by its rapidly growing economy. However, the country faces a critical shortfall in domestic reserves for specific types of coal, notably coking coal and high-grade thermal coal, which are vital for …
