by OverviewFX | Jul 18, 2024 | Industry
The Reserve Bank of India has reportedly given its ‘fit and proper’ approval on bidders for IDBI Bank ahead of the Union Budget 2024 and all eyes are now on Finance Minister Nirmala Sitharaman.The Narendra Modi government had set the ball rolling for...
by OverviewFX | Jul 18, 2024 | Industry
A latest survey by FICCI predicts an annual median GDP growth forecast for the year 2024-25 at 7.0 per cent and CPI inflation at 4.5 per cent for the same period.Despite persisting headwinds, India’s economic growth remains resilient, and the nation remains amongst...
by OverviewFX | Jul 18, 2024 | Industry
The government has done a deft job on the fiscal side and it is expected that prudence will continue to remain important to ensure macro stability. Nonetheless, the survey highlighted that the government has an opportunity to leverage additional resources from robust...
by OverviewFX | Jul 18, 2024 | Industry
Recently, IMF raised India’s growth projections by 20 basis points to 7 per cent and the Asian Development Bank kept its forecast unchanged at 7 per cent.In June 2024, the Reserve Bank of India announced its bi-monthly monetary policy review, maintaining the repo rate...
by OverviewFX | Jul 18, 2024 | Industry
India is well positioned to be a driver of greater wealth, says a global wealth report by Boston Consulting Group (BCG). In 2023, India has generated roughly USD 590 billion in new financial wealth, marking its largest increase in the history. India will add about USD...
by OverviewFX | Jul 17, 2024 | Industry
Siddhartha Sanyal, Chief Economist at Bandhan Bank, says, “Growth is improving, interestingly from the rural side where there was a lot of concern at some point of time, it looks like some of the indicators have started gradually improving. Globally, the...
