Page-9 of Economy & Banking Current Affairs

India’s Data Centre set for $100 Billion Investment by 2027

December 16, 2024

India’s data centre industry is transforming, with investments projected to surpass $100 billion by 2027. The sector has attracted approximately $60 billion in investment from 2019 to 2024, reflecting its appeal to global and local investors. Key Investment Destinations Maharashtra ..

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3rd India-UK Financial Markets Dialogue

December 14, 2024

Senior officials from India’s Ministry of Finance and the UK’s HM Treasury convened to discuss financial cooperation. This dialogue involved key regulatory bodies, including the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), and the ..

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Union Budget 2025: India’s Fiscal Deficit Challenges Ahead

December 14, 2024

India is currently grappling with hurdles in its efforts to reduce the fiscal deficit to 4.5% of GDP by the fiscal year 2025-26. which peaked at 9.5% of GDP during the pandemic, and has seen slow recovery. Analysts expressed skepticism ..

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Banking System Liquidity Tightens Ahead of Tax Payments

December 13, 2024

Liquidity in the banking system is tightening as mid-month payments for GST and advance taxes approach, which has led to increased demand for funds at the Reserve Bank of India’s (RBI) variable rate repo (VRR) auction. The recent VRR auction ..

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India’s Economic Growth Forecast for 2024

December 12, 2024

The Reserve Bank of India (RBI) has recently revised its growth forecast for 2024-25 and estimate stands at 6.6%. In contrast, S&P Global maintains a slightly higher projection of 6.8%, marking differing perspectives on India’s economic trajectory. Current Economic Landscape ..

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Consumer Confidence Survey(CCS)

December 12, 2024

The Reserve Bank of India (RBI) conducted a survey, Consumer Confidence Survey, from November 2-11, 2024, indicating concerns about the economy, employment, income, and spending. Expectations for rising inflation further contribute to this sentiment. Survey Overview The RBI’s survey gathered ..

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RBI Releases Handbook of Statistics on Indian States 2023-24

December 11, 2024

The Reserve Bank of India has published the latest edition of the Handbook of Statistics on Indian States for 2023-24, which presents crucial data on the regional economies of India. It includes vital information about demographics, health, and economic indicators. ..

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India Surpasses $1 Trillion in FDI

December 10, 2024

India has achieved the milestone in foreign direct investment (FDI), with inflows surpassing $1 trillion between April 2000 and September 2024. This achievement puts stress on India’s status as a secure investment destination. FDI Inflows Overview FDI inflows totaled $1,033.40 ..

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