India's Path to a $30 Trillion Economy
Prime Minister Narendra Modi shared a long-term vision for transforming India into a $30 trillion economy by 2047, aiming for a per capita income of $18,000. This ambitious target will require the country to harness various economic drivers, including robust infrastructure development and digital advancements
Deposits Overtake Credit Growth in Banks
For the first time in 30 months, deposit growth in Indian banks has surpassed credit growth, indicating greater stability in the financial sector and an improvement in liquidity within banks
Swiggy's IPO Details Announced
Swiggy, backed by SoftBank, is set for its IPO on November 6, 2024, with a price band of ₹371 to ₹390 per share. Early investors in Swiggy are anticipated to see gains between 3x and 35x, marking one of the most awaited IPOs in the Indian startup sector
RBI Projects GDP Growth at 7.2%
The Reserve Bank of India (RBI) forecasts a 7.2% GDP growth for India in FY 2024-25, driven by strong consumption and investment demand. This projection reflects continued growth in private consumption, boosted by positive rural demand and a healthy agricultural outlook. Urban demand and capital expenditure by the government are also expected to sustain the economic momentum
Ather Energy Sets Record with Scooter Sales
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