Union Finance Minister Nirmala Sitharaman presented the Economic Survey 2025 in Parliament on January 31. The report highlights India’s expected GDP growth of 6.3-6.8% in FY26, despite global uncertainties. It also projects controlled inflation, stable financial markets, and strong contributions from all major sectors. This survey follows the Economic Survey 2024, which was presented in …
On Monday, February 3, the Indian rupee dipped below the 87 per dollar threshold for the first time in history, falling from its previous close of 86.61/$ on January 31. This drop came amid rising global trade tensions following new tariffs imposed by US President Donald Trump on Mexico, Canada, and China. Tariffs Imposed by …
Finance Minister Nirmala Sitharaman has allocated ₹6,81,210.27 crore for the Ministry of Defence (MoD) in Union Budget 2025 for FY 2025-26. This is a 9.53% increase compared to the Budgetary Estimate for FY 2024-25 and represents 13.45% of the total Union Budget, the highest share among all ministries. Of this allocation, ₹1,80,000 crore (26.43%) is …
As per news reports, India’s consumer spending is set to witness a 46% surge over the next 6 years, reaching a staggering ₹372 lakh crore (US$ 4.3 trillion) by 2030, up from ₹208 lakh crore (US$ 2.4 trillion) in 2024. This growth is attributed to rising incomes, a young workforce, and increased digital penetration, making …
As per news report, India is gearing up to launch its own large language model (LLM) within the next 10 months, as announced by Union Minister of Information & Broadcasting, Railways, Electronics & IT, Mr Ashwini Vaishnaw. This initiative is part of the India AI Mission, aiming to develop an AI ecosystem that aligns with …
India’s monetary and financial sectors have demonstrated strong performance in the first nine months of the Financial Year 2024-25 (FY25), as highlighted in the Economic Survey 2024-25. The survey was tabled in Parliament on January 31, 2025, by FM Nirmala Sitharaman. Banking Sector Performance According to the Economic Survey, bank credit has maintained a steady …
On February 1, 2025, FM Nirmala Sitharaman allocated ₹11.21 lakh crore for capital expenditure (capex), in Union Budget 2025. This indicates the government’s focus on infrastructure-driven growth. This allocation represents a 0.9% increase from the capex allocation in FY25. The government’s projected effective capital expenditure for FY26, which includes both the Centre and states, is …
Finance Minister Nirmala Sitharaman, in her Union Budget 2025 speech on February 1, announced a modified Udaan Scheme to enhance regional air connectivity. The revamped scheme aims to add 120 new destinations across India, significantly expanding travel options for millions. Since its inception, the Udaan Scheme has facilitated over 1.5 crore middle-class travellers, operationalised 698 …
India’s foreign exchange reserves rose by $5.57 billion to $629.55 billion in the week ending January 24, 2025, following a previous decrease. Key components like foreign currency assets and gold reserves saw increases, the Reserve Bank of India data showed on Friday. Uptick in Forex Reserves India’s foreign exchange reserves saw an increase of $5.57 …
Finance Minister Nirmala Sitharaman, in her Budget speech on Saturday, February 1, 2025, announced that the fiscal deficit for the fiscal year 2025–26 is estimated to be 4.4% of India’s Gross Domestic Product (GDP). Sitharaman had previously stated that the government targets achieving a fiscal deficit of 4.5% in 2026–27. The government’s fiscal deficit represents …
