indian economy

External Affairs Minister S Jaishankar has rejected recent remarks by US President Joe Biden describing India as "xenophobic"

India will be the fastest growing economy among the G-20 nations in 2024, the big rating agencies have projected

"Indian economy witnessed profound positive transformation in the last 10 years," said Sitharaman, while presenting Budget 2024 in the Parliament

Following the announcement of JP Morgan, it is now expected that India will be included in the global bond index of other banks as well.

SBI’s Chief Economic Advisor, Ghosh added that the first quarter of 2023-24 saw a huge increase in capital expenditure both by the centre (63%) and the states (41%).

The net profit of banks increased from ₹809 trillion to 2,480 trillion between Financial Year 2013-2014 and Financial Year 2022-2023.

“We realised that the banking sector needs to be healthy and therefore we took a lot of measures. Banks are able to work without political interference, they are working with professional integrity. 'Banks mein failaya hua aapka raita hum saaf kar rahe hai’,” Minister Sitharaman said. 

PM Modi said, "I came out of my home with a resolve. Every part of me and every moment of time is dedicated to my countrymen."

The Indian economy is on track to surpass 7 per cent growth rate in Fiscal Year 2023 with manufacturing being the key driver, according to a report released by the State Bank of India. 

The Economist noted that the bankruptcy reforms introduced by the Narendra Modi government in 2016 helped in the rapid liquidation of failing companies and also forced 'delinquent businesses to pay up.'