India – US Trade: Prime Minister Narendra Modi got huge applause during the NDA parliamentary meeting on Tuesday after India and the United States reached a significant trade agreement. The news came after a telephonic conversation between PM Modi and US President Donald Trump. US…
Tag: IndianEconomy
RBI Sells $400 Billion in Forex in FY25, Net Sale at $34.51 Billion
In the fiscal year 2024–25, the Reserve Bank of India (RBI) engaged in foreign exchange transactions totaling approximately $400 billion, culminating in a net sale of $34.51 billion. This marks the second-largest annual net sale by the RBI, surpassed only by the $34.92 billion sold…
RBI Slashes Repo Rate by 25 bps: Home, Personal, and Vehicle Loans Set to Decline; GDP Growth Slashed to 6.5%
In a significant policy move aimed at supporting the economy, the Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points (bps), bringing it down to 6.25%. This decision is expected to have a direct impact on borrowing costs across various…
Government Hikes LPG Cylinder Prices by ₹50 from April 8
LPG Gas Price Hike: ₹50 Increase to Impact Household Budgets – Check New Rates After the recent hike in petrol and diesel prices, the Indian government has now increased the price of LPG gas cylinders as well. Union Minister for Petroleum and Natural Gas, Hardeep…
Poonam Gupta Appointed as RBI Deputy Governor for Three-Year Term
The Central Government has appointed Poonam Gupta as the Deputy Governor of the Reserve Bank of India (RBI) for a three-year tenure. Gupta, currently serving as the Director General of the National Council of Applied Economic Research (NCAER), will succeed Michael D. Patra, whose term…
Trump’s Reciprocal Tariff Announcement Triggers a Global Stock Market Sell-Off
Trump’s ‘Tariff Bomb’ Shakes Global Stock Markets: Impact on India Donald Trump’s Tariff Bomb Effect on Stock Markets: U.S. President Donald Trump has announced reciprocal tariffs on India and several other countries, leading to a major sell-off in Asian markets. Trump has imposed a 26%…
India’s Electronics Exports Expected to Cross ₹3 Lakh Crore in FY 2025, Driven by Smartphone Growth
Electronics Exports Set to Surpass ₹3 Lakh Crore for the First Time Apple accounts for 43% of total electronics exports and 70% of total smartphone exports. Ahmedabad: India’s electronics exports are poised to exceed ₹3 lakh crore for the first time in the financial year…
India’s Oil Import Dependency Set to Reach New High in FY25 Amid Rising Demand and Stagnant Domestic Production
India’s reliance on imported crude oil is projected to reach a new high in the fiscal year 2024-25 (FY25), driven by escalating domestic demand and stagnant local production. In the first 11 months of FY25, the country’s import dependency exceeded 88%, surpassing the previous fiscal…