Tag Archives: Indian Economy

The International Monetary Fund (IMF) bumped up India’s growth forecast for FY24, citing strong domestic investment while cautioning that the global economy is not “out of the woods” yet and that the world’s battle against inflation is far from over. The multilateral lender expects India to clock 6.1% growth in …

Nearly 30 years after India’s middle class rose to a considerable size, the decade of the 2020s is witnessing an exciting new trend. The middle class is the fastest-growing segment of India’s income-earning population. In 2021, this segment, classified as households with family incomes of between ₹5 lakh and ₹30 …

India’s forex exchange (forex) reserves swelled by $12.74 billion to $609.02 billion in the week ended 14 July, as per RBI’s data released on 21 July. Earlier on 14 July, the RBI said that India’s forex jumped by $1,229 billion in the week that ended on 7 July, totaling $596,280 …