Economy National

India Set to Outpace G7 Economies by 2030, Says Equirus

By BPN News Desk June 25, 2025

India is poised to become one of the world’s leading engines of economic growth, with a recent report projecting that it will contribute more than 15% of global GDP growth between 2025 and 2030. According to an analysis by wealth advisory firm Equirus, India is structurally better positioned than many of the G7 nations, thanks […]

Economy National

India to Become World’s Third-Largest Economy by 2027, Says Piyush Goyal

By BPN News Desk June 25, 2025

Union Commerce and Industry Minister Piyush Goyal recently stated that India is on track to become the world’s third-largest economy by 2027, a goal driven by sweeping economic reforms, robust infrastructure investment, and enhanced global competitiveness. Speaking at an industry event, he emphasized that “great economies are not built in calm waters,” underlining India’s

Economy National

80% of Middle-Class Indians May Outlive Their Retirement Savings

By BPN News Desk June 25, 2025

A staggering 80% of middle-class Indians are at risk of outliving their retirement savings, according to leading wealth advisor Mohit Beriwala. The warning underscores the growing financial vulnerability of India’s salaried population as they approach retirement with insufficient savings and no pension fallback. The Retirement Crisis Despite decades of earning, many

Economy National

Rupee Posts Biggest Single-Day Gain as Oil Prices Plunge

By BPN News Desk June 25, 2025

The Indian rupee recorded its strongest single-day rally in over a month on Tuesday, surging by nearly ₹0.78 as global crude oil prices dropped sharply following a ceasefire agreement between Iran and Israel. The relief in energy markets and improved investor sentiment pushed the rupee to close around ₹85.97–₹85.98 against the US dollar, a level […]

Economy National

Sitharaman Champions Simpler, Taxpayer‑Friendly Compliance

By BPN News Desk June 25, 2025

Finance Minister Nirmala Sitharaman has urged a transformation of India’s tax framework into one that is more taxpayer‑friendly, transparent, and efficient. Speaking to officials from both the direct and indirect tax departments in New Delhi on June 24, 2025, she underscored the importance of fostering a compliance environment based on trust rather than enforcement. Tax

Economy National

S&P Lifts India’s FY26 GDP Outlook to 6.5%

By BPN News Desk June 24, 2025

India’s economic trajectory has received a major boost with S&P Global Ratings revising its GDP growth forecast for FY2025–26 to 6.5%, up from earlier projections. The upgrade reflects growing optimism over India’s domestic economic stability, even as the global economic environment remains volatile. Strong Domestic Demand Fuels Growth S&P cited a combination of

Economy National

Rupee Nears ₹87 Amid Oil Surge, Global Unrest

By BPN News Desk June 23, 2025

The Indian rupee is once again under strain, flirting with the ₹87 per dollar mark amid a turbulent mix of global geopolitical tensions and sharply rising crude oil prices. Market analysts are cautioning that the domestic currency may soon breach this level unless stabilizing factors emerge quickly. Rupee Volatility Driven by Global Demand The demand […]

Economy National

India Nears Major Oil Find in Andaman, Says Minister Puri

By BPN News Desk June 17, 2025

India is on the cusp of a potentially massive oil discovery in the Andaman Sea, which could unlock a hydrocarbon reserve worth approximately ₹2 lakh crore, according to Union Petroleum and Natural Gas Minister Hardeep Singh Puri. Describing the scale of the find as comparable to the recent discoveries in Guyana, the minister suggested that […]

Economy National

Maharashtra, Karnataka Draw 51% of India’s FDI in FY25

By BPN News Desk June 10, 2025

 India’s foreign direct investment (FDI) landscape saw a significant upswing in FY25, reaching a three-year high of USD 81.04 billion. In a trend that underscores the centralisation of foreign investment, Maharashtra and Karnataka together accounted for more than half of the total inflows, collectively drawing 51% of the national FDI pie. FDI inflows surge in […]

Economy National

India’s Extreme Poverty Rate Falls to 5.3%: World Bank

By BPN News Desk June 7, 2025

India has recorded a major achievement in poverty alleviation, with its extreme poverty rate falling dramatically from 27.1% in 2011–12 to just 5.3% in 2022–23. According to the World Bank, this translates to nearly 269 million people being lifted out of extreme poverty over an 11-year period. This progress comes despite a revised global poverty […]