Discover CitiIS 2.0, a groundbreaking initiative that focuses on city investments to foster innovation, integration, and sustainability. Learn how this program aims to transform urban landscapes, enhance quality of life, and promote sustainable development in cities worldwide
World Milk Day is an annual celebration that highlights the importance of milk and the dairy industry worldwide. Discover the date, theme, historical background, and significance of this global observance, which promotes the nutritional benefits of milk and recognizes the contributions of dairy farmers and industry stakeholders.
India is a land of rich linguistic diversity, boasting several national languages that reflect its multicultural tapestry. From Hindi to Bengali, Tamil to Gujarati, explore the vibrant linguistic landscape of India, where each language represents a unique cultural identity and adds to the country's linguistic heritage.
The Indian government has given the green light to the world's largest food storage scheme in the cooperative sector. With an investment of Rs 1 lakh crore, this initiative aims to bolster food security by establishing a robust infrastructure for the storage and preservation of agricultural produce across the country.
According to a report by BOB Eco Research, India's Gross Domestic Product (GDP) is projected to grow between 6% and 6.5% in the fiscal year 2023-2024 (FY24). The report highlights positive economic indicators and predicts a rebound in various sectors, paving the way for steady growth and recovery.
A recent report by Morgan Stanley predicts that India will make a substantial contribution of 16% to global GDP growth between 2023 and 2024. The report highlights India's economic resilience, structural reforms, and favorable demographics as key factors driving its significant impact on the global economy. This projection solidifies India's position as a major player in shaping the future of the global economic landscape.
According to a recent report by the United Nations, India continues to be a bright spot in the global economy, with a projected growth rate of 6-7% in 2024. The report highlights India's resilience, economic reforms, and favorable demographics as key factors contributing to its sustained growth. Despite global uncertainties, India's growth trajectory signals optimism and reinforces its position as a key player in the world economy.
The foreign exchange reserves of India have experienced a decline of $6.1 billion, reaching $593.48 billion. This decrease in forex reserves suggests a shift in global economic dynamics and highlights the need for prudent management of reserves to navigate potential challenges. Despite the dip, India's forex reserves remain robust, providing a cushion against external shocks and ensuring stability in the country's economy.
The Reserve Bank of India (RBI) has forecasted robust economic growth for India and expects the GDP growth for the first quarter (Q1) to reach 7.6%. This optimistic projection indicates a strong recovery from the challenges posed by the COVID-19 pandemic. The RBI's outlook reflects confidence in the resilience of the Indian economy and the effectiveness of policy measures implemented to stimulate growth.
The Liberalized Remittance Scheme (LRS) has been introduced to streamline and simplify cross-border financial transactions for residents of India. Under this scheme, individuals are allowed to remit money abroad for various purposes, such as education, travel, investments, and more. The LRS provides greater flexibility and convenience to individuals while ensuring compliance with regulatory guidelines. This initiative aims to facilitate international transactions and promote ease of doing business globally.
Discover CitiIS 2.0, a groundbreaking initiative that focuses on city investments to foster innovation, integration, and sustainability. Learn how this program aims to transform urban landscapes, enhance quality of life, and promote sustainable development in cities worldwide
World Milk Day is an annual celebration that highlights the importance of milk and the dairy industry worldwide. Discover the date, theme, historical background, and significance of this global observance, which promotes the nutritional benefits of milk and recognizes the contributions of dairy farmers and industry stakeholders.
India is a land of rich linguistic diversity, boasting several national languages that reflect its multicultural tapestry. From Hindi to Bengali, Tamil to Gujarati, explore the vibrant linguistic landscape of India, where each language represents a unique cultural identity and adds to the country's linguistic heritage.
The Indian government has given the green light to the world's largest food storage scheme in the cooperative sector. With an investment of Rs 1 lakh crore, this initiative aims to bolster food security by establishing a robust infrastructure for the storage and preservation of agricultural produce across the country.
The Indian government has successfully achieved the fiscal deficit target of 6.4% of GDP for the fiscal year 2022-2023. This accomplishment reflects the government's commitment to fiscal discipline and prudent economic management, ensuring stability and resilience in the face of economic challenges.