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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.

The Ministry of Agriculture and Farmers' Welfare has released a progress report on Kharif crop sowing coverage as of September 17, 2024.

Economy

Kharif Crop Sowing Surpasses Normal Levels in Rice, Millets, Oilseeds, and Sugarcane

September 17, 2024

The Ministry of Agriculture and Farmers' Welfare has released a progress report on Kharif crop sowing coverage as of September...

Amit Shah announced on Tuesday that, in the first 100 days of its third term, the central government has introduced multiple farmer-friendly policies aimed at boosting agricultural productivity and promoting exports.

Economy

Amit Shah Highlights Government’s Farmer-Centric Policies and Export Boost in First 100 Days

by Economy India

September 17, 2024

Amit Shah announced on Tuesday that, in the first 100 days of its third term, the central government has introduced...

Wholesale Inflation Falls to 4-Month Low of 1.31% in August

Economy

Wholesale Price Index (WPI) for the Month of August 2024 (Base Year: 2011-12)

by Economy India

September 17, 2024

India Wholesale Price Index (WPI), the annual inflation rate for August 2024, compared to August 2023, stood at 1.31% (provisional).

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

India Emerges as the Global GCC Capital

by Economy India

September 17, 2024

Over 1,700 Global Capability Centers now operational, providing jobs to 1.9 million people MUMBAI (Economy India): India is rapidly establishing...

India's wholesale inflation dropped to a 4-month low of 1.31% in August 2024, providing some relief as essential goods became cheaper.

Economy

Wholesale Inflation Falls to 4-Month Low of 1.31% in August

by Economy India

September 17, 2024

India's wholesale inflation dropped to a 4-month low of 1.31% in August 2024, providing some relief as essential goods became...

Prime Minister Narendra Modi inaugurated Semicon India 2024 today in Greater Noida, unveiling an ambitious vision to propel India into a leading position in the global semiconductor industry by 2030.

Economy

India Lays Foundation for 1,000 Years of Growth, PM Modi Highlights Early Achievements of Third Term

by Economy India

September 16, 2024

PM Modi Speaks at RE-INVEST in Gujarat, Outlines Government’s Progress and Future Goals.

Economy

No Export Ban: Farmers Get Relief as Govt Lifts Restrictions on Onion and Basmati Rice

by Economy India

September 15, 2024

no-export-ban-farmers-get-relief-as-govt-lifts-restrictions-on-onion-and-basmati-rice.

Economy

India Cannot Achieve Developed Nation Status with ‘Backward Agriculture’: Bayer’s South Asia President

by Economy India

September 13, 2024

Revolutionary reforms are essential to elevate the country's agriculture sector and ensure India's status as a global player by 2047.

Economy

Income Tax Collection Grows 11 Times Faster Than Corporate Tax; Govt Revenue Surges by 32%

by Economy India

September 12, 2024

Income Tax Growth Far Outpaces Corporate Tax.

Plan to Connect 25,000 Unconnected Habitations, Build Bridges on New Routes

Economy

Cabinet Approves PMGSY-IV for FY 2024-25 to 2028-29 with ₹70,125 Crore Allocation

by Economy India

September 12, 2024

Plan to Connect 25,000 Unconnected Habitations, Build Bridges on New Routes.

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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.

Kharif Crop Sowing Surpasses Normal Levels in Rice, Millets, Oilseeds, and Sugarcane

Amit Shah Highlights Government’s Farmer-Centric Policies and Export Boost in First 100 Days

Wholesale Price Index (WPI) for the Month of August 2024 (Base Year: 2011-12)

India Emerges as the Global GCC Capital

Wholesale Inflation Falls to 4-Month Low of 1.31% in August

India Lays Foundation for 1,000 Years of Growth, PM Modi Highlights Early Achievements of Third Term

No Export Ban: Farmers Get Relief as Govt Lifts Restrictions on Onion and Basmati Rice

India Cannot Achieve Developed Nation Status with ‘Backward Agriculture’: Bayer’s South Asia President

Income Tax Collection Grows 11 Times Faster Than Corporate Tax; Govt Revenue Surges by 32%

Cabinet Approves PMGSY-IV for FY 2024-25 to 2028-29 with ₹70,125 Crore Allocation

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