Economy National

India Launches Nationwide Drive to Formalize Informal Economy

By BPN News Desk May 22, 2025

In a significant move to strengthen India’s economic framework, the government has launched a pan-India drive aimed at formalizing the informal economy and boosting compliance under the Goods and Services Tax (GST) regime. The initiative, led by the Ministry of Finance and coordinated with state governments, aims to bring unregistered businesses, traders, and workers under

Economy National

India Leads Global Growth with 6.3% GDP in 2025: UN Report

By BPN News Desk May 17, 2025

India has been projected to be the fastest-growing major economy in 2025, with a GDP growth rate of 6.3%, according to the United Nations’ mid-year World Economic Situation and Prospects (WESP) report. While the projection has been slightly revised down from the earlier 6.6%, it still places India ahead of China (4.6%), the United States […]

Economy National

RBI Poised for Rate Cuts as Inflation Drops Below 4%

By BPN News Desk May 15, 2025

India’s retail inflation has fallen below the Reserve Bank of India’s (RBI) target for three straight months, triggering widespread anticipation of interest rate cuts. With consumer inflation easing to 3.16% in April 2025—its lowest in six years—economists forecast a series of repo rate reductions aimed at reviving domestic demand and investment. Inflation Trends and

Economy National

RBI Forecasts 6.5% GDP Growth Amid Global Challenges

By BPN News Desk April 28, 2025

The Reserve Bank of India has projected that India’s economy will grow by 6.5% in the fiscal year 2024–25, reinforcing its status as the fastest-growing major economy in the world. Despite the global turbulence and economic slowdowns seen in various parts of the world, India’s growth outlook remains strong, showcasing remarkable resilience. The RBI noted […]

Economy National

FIIs Pour ₹30,000 Crore Into Indian Equities in 10 Days

By BPN News Desk April 27, 2025

Foreign Institutional Investors (FIIs) have injected nearly ₹30,000 crore into Indian equities over the past 10 days, marking a sharp reversal in market sentiment and signaling renewed confidence in India’s growth story. This surge follows a prolonged period of net selling that began in October 2024, with a modest recovery first noted in March. FII […]

Economy National

India Lifted 170 Million People Out of Poverty in a Decade – World Bank

By BPN News Desk April 27, 2025

In a remarkable achievement, India has lifted 170 million people out of extreme poverty between 2011-12 and 2022-23, according to a new report. The proportion of Indians living on less than $2.15 per day declined sharply from 16.2% to just 2.3% during this period, marking a major stride in the country’s battle against poverty. India […]

Economy National

RBI Adds 57.5 Tonnes to Gold Reserves Amid Global Instability

By BPN News Desk April 26, 2025

The Reserve Bank of India (RBI) significantly expanded its gold holdings in the fiscal year 2024-25, adding 57.5 tonnes to its reserves. This marks the second-largest annual gold purchase by the RBI since 2017, highlighting a strategic shift towards strengthening financial stability amid rising global uncertainties. The RBI’s total gold reserves stood at 879.6 tonnes […]

Economy National

India’s Economic Resilience Amid Global Turmoil

By BPN News Desk April 22, 2025

As much of the world grapples with economic uncertainty, India has emerged as a relatively stable and resilient economy, weathering global turbulence better than many of its peers. The country’s performance is underpinned by solid domestic demand, resilient investment activity, and strong macroeconomic fundamentals that continue to inspire confidence across global markets.

Economy National

RBI Flags Liquidity Risks in Money Market, Urges Policy Transmission

By BPN News Desk April 20, 2025

Reserve Bank of India (RBI) Governor Sanjay Malhotra has sounded an alert over tightening liquidity conditions in the money market, expressing concern over the widening divergence in key short-term interest rates. Addressing a financial industry conference, he highlighted how gaps between the call money rate, market repo rate, and TREPS rate could pose significant hurdles

Economy National

RBI’s Gold Reserves Surge by Nearly ₹12,000 Crore in a Week Amid Global Price Rally

By BPN News Desk April 19, 2025

The Reserve Bank of India (RBI) witnessed a sharp rise in the value of its gold reserves, which jumped by nearly ₹12,000 crore in just one week, driven primarily by a global surge in gold prices. According to the latest RBI weekly statistical supplement, the total value of gold held by the central bank reached […]