The Indian government has confirmed it will maintain its borrowing target for the current financial year, planning to raise ₹6.61 lakh crore through the auction of dated securities between October and March 2024-25. This move is aimed at funding the revenue shortfall while bolstering economic growth. The Ministry of Finance announced, “Out of the gross […]
The Asian Development Bank (ADB) has maintained its forecast for India’s economic growth at 7 percent for the current fiscal year (FY25), while projecting a faster growth rate of 7.2 percent in FY26. This forecast, released in ADB’s report on September 25, aligns with the Reserve Bank of India’s (RBI) prediction for 7 percent growth […]