ENLIGHTENED POST

Explore, Engage, Enlighten

HEADLINE RECAP

World Bank raises South Asia growth forecast to 6.4%, citing strong Indian demand

The World Bank has revised its South Asia growth forecast for 2024 upward to 6.4%, up from the earlier estimate of 6.0%, driven by strong domestic demand in India and quicker-than-expected recoveries in countries like Sri Lanka and Pakistan. India’s economic growth forecast for the fiscal year ending in March 2025 was raised to 7%, […]

World Bank raises South Asia growth forecast to 6.4%, citing strong Indian demand Read More »

RBI holds repo rate at 6.5%, shifts stance to neutral

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) maintained the repo rate at 6.5% for the tenth consecutive meeting on October 9, 2024, with five out of six members voting in favor of the status quo. However, the MPC unanimously shifted its policy stance from “withdrawal of accommodation” to “neutral”, allowing

RBI holds repo rate at 6.5%, shifts stance to neutral Read More »

India and UAE to establish $2 billion food corridor, boosting farmers’ income and job creation

India and the United Arab Emirates (UAE) are set to create a food corridor with an investment of $2 billion aimed at catering to the UAE market and beyond, while also benefiting Indian farmers and generating employment, announced Union Minister Piyush Goyal. During the 12th India-UAE High-Level Task Force on Investment, Goyal revealed that a

India and UAE to establish $2 billion food corridor, boosting farmers’ income and job creation Read More »

Computer, Electronics sectors lead employment growth post-covid: ASI data

According to the Annual Survey of Industries (ASI), the computer, electronics, and optical products sectors have recorded the highest employment growth between the pre-pandemic period (2019-20) and 2022-23. The total number of people employed in these sectors surged nearly 50%, growing from 283,000 to 425,000. This was followed closely by the furniture sector, which saw

Computer, Electronics sectors lead employment growth post-covid: ASI data Read More »