Economy
QCI Commemorates World Accreditation Day 2025 and Launches Revamped NABL Portal
In New Delhi, QCI, the Quality Council of India, celebrated World Accreditation Day 2025 at the India Habitat Centre by pointing out how accreditation benefits SMEs. There was a
Extreme Poverty in India Falls to 5.3% in 2022–23: World Bank Report
It has been noted by the World Bank that India’s rate of extreme poverty reduced from 27.1% in 2011–12 to 5.3% in 2022-23. At the same time, the poverty
India’s GDP growth drops to 6.5% in 2024-25, slowest since the pandemic
India’s GDP growth in 2024-25 slowed to 6.5% since the pandemic year of 2020-21 which was due to both global and domestic problems. While the economy grew by 7.4%
Government Meets Fiscal Deficit Target of 4.8% of GDP for FY25 Amid Revenue Shortfalls
The Government of India achieved its fiscal deficit goal of 4.8% of GDP for financial year 2024-25 as per preliminary data from the Controller General of Accounts. Fiscal responsibility
PM Modi Declares Successful Production of India’s First Chip at a Semiconductor Factory in the Northeast
According to the Prime Minister, the first semiconductor chip designed and built in India could be produced soon by the plant in Assam in the Northeast. Officials highlighted that
In FY25, net FDI fell sharply by 96%, despite a strong year for total investment inflows.
The Reserve Bank of India reports that FDI coming into India has dropped by a huge margin, dropping almost 96%, to $353 million in the financial year 2024-25. Even
IMF Approves $1 Billion Loan to Pakistan in the Face of Concerns over Terrorism Funding by India
The International Monetary Fund (IMF) has cleared the release of USD 1 billion to Pakistan under its Extended Fund Facility (EFF) in the face of the objections raised by
India remains the 4th largest Economy globally, predicted by the IMF
India maintains its position among the 4 biggest economies in the world while holding the top spot as the fastest-developing significant economy with its current GDP of $4.39 trillion.
India’s Triumph in Combating Poverty: 171 Million Lifted from Extreme Poverty
The World Bank issued its Spring 2025 Poverty and Equity Brief as a detailed overview of poverty and inequality throughout more than 100 countries that are developing. India stands
Stalin Launches Kalaignar Kaivinai Thittam as an Alternative to PM Vishwakarma Scheme
Tamil Nadu Chief Minister M.K. Stalin established Kalaignar Kaivinai Thittam as an artisan development scheme which provides financial assistance together with skill development programs for artisans and workers. This initiative
