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Economy India is one of the largest media on the Indian economy. It provides updates on economy, business and corporates and allied affairs of the Indian economy. Economy India features news, views, interviews, articles on various subject matters related to the economy of India and business world.

Economy

Economic Activity Slows in September Quarter: Survey Reflects Mixed Business Sentiment

by Economy India

October 19, 2024

Economic Activity Slows in September Quarter: Survey Reflects Mixed Business Sentiment

Economy

10 Years of Direct Tax Growth: Collections Soar 182% Under Modi Government

by Economy India

October 17, 2024

10 Years of Direct Tax Growth: Collections Soar 182% Under Modi Government

Economy

India’s Exports Rise Marginally to $34.58 Billion in September

by Economy India

October 16, 2024

India’s Exports Rise Marginally to $34.58 Billion in September

Economy

India Failing to Generate Sufficient Jobs Despite 7% Economic Growth: Raghuram Rajan

by Economy India

September 29, 2024

India Failing to Generate Sufficient Jobs Despite 7% Economic Growth: Raghuram Rajan

SEBI Clears SCOPE’s $50 Million Venture Capital Fund

Economy

SEBI Approves SCOPE’s $50 Million Venture Capital Fund

by Economy India

September 28, 2024

SEBI Approves SCOPE's $50 Million Venture Capital Fund

India's Forex Reserves Reach Record High of $683.99 Billion Subheading: India’s foreign exchange reserves hit an all-time high, reflecting economic stability and growing investor confidence. Introduction: India's foreign exchange reserves have soared to a new peak of $683.99 billion, marking the highest level ever recorded. The Reserve Bank of India's (RBI) latest data reveals a $2.3 billion increase in the reserves, signaling robust economic stability and increased confidence among foreign investors. Forex Reserves Surge to New Heights India's foreign exchange reserves have climbed to a record $683.99 billion as of September 2024, following a $2.3 billion boost. This increase is primarily driven by a rise in foreign currency assets, gold reserves, and Special Drawing Rights (SDRs). The reserves provide a crucial cushion for the economy, enhancing India's ability to manage external shocks. Financial experts emphasize the significance of this milestone. "This surge in forex reserves strengthens India's economic position on the global stage," says Dr. Rakesh Sharma, a prominent economist. "It acts as a buffer against global economic uncertainties and stabilizes the rupee." Economic Stability and Investor Confidence The record-high forex reserves underscore the growing confidence of foreign investors in India's economic policies. The reserves play a vital role in maintaining the country’s financial security, ensuring that India is well-prepared to handle any potential international financial crises. According to economic analysts, this level of reserves also supports India's import needs and contributes to the overall stability of the national currency. The strength of these reserves reflects the effectiveness of government strategies aimed at boosting economic growth and maintaining fiscal discipline. Future Implications The unprecedented level of forex reserves is expected to have long-term benefits for the Indian economy. With a solid reserve base, India is better equipped to navigate global financial challenges. This financial buffer allows the government to implement economic policies more effectively, promoting sustained growth. Looking ahead, experts believe that maintaining and further increasing these reserves will be crucial. It will help India to continue attracting foreign investments and maintain its economic resilience. Keywords: Foreign Exchange Reserves Economic Stability Investor Confidence Foreign Currency Assets Special Drawing Rights (SDRs)

Economy

GDP and CPI Forecast Discussion Held in Mumbai

by Economy India

September 25, 2024

GDP and CPI Forecast Discussion Held in Mumbai.

Economy

Moody’s Upgrades India’s GDP Growth Forecast for 2024 to 7.1%

by Economy India

September 25, 2024

Moody's Upgrades India's GDP Growth Forecast for 2024 to 7.1%

In a significant step to strengthen India's growing startup sector, Piyush Goyal unveiled the 'Bharat Startup Knowledge Access Registry' (BHASKAR) portal.

Economy

‘Jan Vishwas Bill 2.0’ to Be Tabled in Budget Session 2024: Piyush Goyal

by Economy India

September 25, 2024

'Jan Vishwas Bill 2.0' to Be Tabled in Budget Session 2024: Piyu.sh Goyal I Economy India

Economy

India on Track to Become World’s Third Largest Economy by 2030: S&P Report

by Economy India

September 19, 2024

India on Track to Become World's Third Largest Economy by 2030: S&P Report.

India's merchandise exports in August declined by 9.3%, dropping to $34.7 billion (₹2.90 lakh crore).

Economy

India’s Trade Deficit Hits ₹2.48 Lakh Crore in August as Exports Plummet and Imports Increase

by Economy India

September 17, 2024

India's merchandise exports in August declined by 9.3%, dropping to $34.7 billion (₹2.90 lakh crore).

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Gold Hits New All-Time High, Silver Follows Rally Amid Festive Demand

Economy

Economy India is one of the largest media on the Indian economy. It provides updates on economy, business and corporates and allied affairs of the Indian economy. Economy India features news, views, interviews, articles on various subject matters related to the economy of India and business world.

Economic Activity Slows in September Quarter: Survey Reflects Mixed Business Sentiment

10 Years of Direct Tax Growth: Collections Soar 182% Under Modi Government

India’s Exports Rise Marginally to $34.58 Billion in September

India Failing to Generate Sufficient Jobs Despite 7% Economic Growth: Raghuram Rajan

SEBI Approves SCOPE’s $50 Million Venture Capital Fund

GDP and CPI Forecast Discussion Held in Mumbai

Moody’s Upgrades India’s GDP Growth Forecast for 2024 to 7.1%

‘Jan Vishwas Bill 2.0’ to Be Tabled in Budget Session 2024: Piyush Goyal

India on Track to Become World’s Third Largest Economy by 2030: S&P Report

India’s Trade Deficit Hits ₹2.48 Lakh Crore in August as Exports Plummet and Imports Increase

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