The State Bank of India, in its latest report, has revealed that the rupee could undergo a depreciation of 8 per cent-10 per cent against the US dollar with Trump’s return to power, even as the local currency recorded an all-time low of 84.38 on Monday.SBI’s report, titled US Presidential Election 2024: How Trump 2.0…
“He (Modi) has made India very strong. Now he is the only one who can deliver 10% economic growth annually,” Watsa said. Prem Watsa, the billionaire CEO of Fairfax Financial Holdings who has earned the moniker of ‘Canada’s Warren Buffet’, expressed his confidence in India’s ability to achieve double-digit economic growth, which he believes is…
NEW DELHI: External affairs minister, S Jaishankar, citing a Goldman Sachs study said that India is on track to reach a significant milestone by 2030, becoming the world’s third-largest economy.Addressing the NDTV World Summit 2024: The India Century on Monday, Jaishankar elaborated on the study’s projections, which estimate India’s economy to grow to an impressive…
Citing Mobius’ view, PM Modi said, “Mark Mobius is one of the many persons who loves India. Prime Minister Narendra Modi has highlighted renowned global investor Mark Mobius’ ‘love’ for India. PM Modi on Monday emphasized the increasing confidence of global investors in India’s thriving economy, citing the recent comments by Mark Mobius.In August, Mobius…
NEW DELHI: Calling Modinomics a “curse” to India’s economy, Congress president Mallikarjun Kharge Sunday said PM Modi‘s “stale lectures with old spins” cannot hide his “outright failures” that have landed all aspects of the economy in crisis. Kharge said household liabilities/indebtedness has grown by 241% from 2013-14 to 2022-23 in actual terms, household debt as…
NEW DELHI: Referring to escalating regional conflicts in Ukraine and West Asia, PM Narendra Modi on Friday struck a confident note on the Indian economy, suggesting that the world was upbeat on an “Indian era” in light of decade-long transformation changes.“The two regions are very crucial for the global economy and from the point of…
NEW DELHI: India’s growth momentum remains strong with Asia’s third-largest economy expected to expand 6.5-7% this year on the back of a good monsoon that is expected to help boost farm growth and rural demand as well as private investment, chief economic adviser V Anantha Nageswaran said on Friday.“In the medium term, the Indian economy…
Government plans 12 new industrial parks and multiple mega textile parks: Piyush Goyal The government is setting up 12 new industrial parks across the country and has 5-6 mega textile parks lined up, Minister of Commerce and Industry Piyush Goyal said on Tuesday. He urged the private sector to take advantage of these initiatives. Speaking…
Budget 2024: Prime Minister Narendra Modi on Tuesday addressed a CII post-Budget 2024 conference, stating that in 10 years, his government has tripled India’s Budget. The last Budget presented by the Manmohan Singh government in 2014 was of Rs 16 lakh crore. Ten years later, the Union Budget 2024 presented by us a few days…
NEW DELHI: IMF on Tuesday revised the growth projection for India to 7% during the current financial year, compared to the earlier estimate of 6.8%, citing upward revisions to growth last year and improved prospects for private consumption, especially in rural areas. The assessment will provide comfort to analysts and policymakers as rural demand is…
