India’s foreign exchange reserves rose to a new record high of $709.41 billion in the week ending January 23, according to data released by the Reserve Bank of India. The reserves increased by around $8 billion compared to the previous week. Key Factors Behind the Increase The rise in reserves
Finance Minister Nirmala Sitharaman is set to present the Union Budget 2026–27 on February 1. According to officials familiar with the plan, the Finance Minister will use Part B of the Budget speech to outline India’s broader economic direction, marking a departure from past practice. Breaking From Past Convention Traditionally, Part A of the Budget […]
The Indian rupee has logged its worst monthly performance in three years, weakening sharply against the US dollar during January. Persistent pressure from foreign fund outflows and strong dollar demand pushed the currency close to record lows. RBI Steps In to Defend Key Level The rupee slipped near the ₹92 per dollar mark during the […]
The second day of the Budget Session 2026 saw Finance Minister Nirmala Sitharaman table the Economic Survey 2025–26 in the Lok Sabha. The survey outlined the government’s assessment of the Indian economy, covering growth trends, fiscal position and key challenges ahead of the Union Budget. PM Modi Addresses Media Prime Minister Narendra Modi addressed the […]
President Droupadi Murmu said India is steadily progressing towards becoming the world’s third-largest economy despite ongoing global economic uncertainty. Addressing the nation ahead of Republic Day, she said India continues to remain among the fastest-growing major economies, supported by strong fundamentals and policy stability. Growth Drivers and Outlook The President
An International Monetary Fund (IMF) spokesperson said India is a major growth engine for the global economy, contributing significantly to world output and expansion. The IMF cited India’s steady economic performance and robust domestic demand as factors supporting global growth prospects. Strong Domestic Growth India has maintained relatively high economic growth
India’s merchandise trade deficit widened to around $25 billion in December as imports rose faster than exports, according to official data. The increase marked a reversal from the previous month, when the trade gap had narrowed. Imports Outpace Exports Merchandise exports recorded marginal growth during the month, supported by sectors such as engineering goods and […]
India’s economy is projected to expand by around 7.4% in 2025, maintaining its position as the fastest-growing major economy. The growth outlook is supported by strong domestic demand, sustained government spending, and policy measures aimed at supporting economic activity amid global uncertainty. The projection reflects confidence in India’s macroeconomic stability and
The government has said that India has become the world’s fourth largest economy, overtaking Japan in terms of nominal gross domestic product. According to official estimates cited by the Centre, India’s nominal GDP has crossed $4 trillion, placing it behind only the United States, China and Germany. Basis of the Government’s Assessment The ranking is […]
Finance Minister Nirmala Sitharaman on Tuesday rejected remarks by U.S. President Donald Trump describing India as a “dead economy,” telling the Lok Sabha that India recorded 8.2 per cent economic growth while the global average stood at around 3.2 per cent. She said the data itself was sufficient to counter claims questioning the strength of […]















