India
Follow India’s top news stories in politics, business, and society with Economic Edge India News coverage. Have something on your mind? We welcome your feedback, corrections, or story ideas that could inform our coverage. 📧 Email us at: reconomicedge24@gmail.com
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S&P Global and Morgan Stanley Forecast India’s GDP Growth at 6.4% in 2024
S&P Global and Morgan Stanley Forecast India’s GDP Growth at 6.4% in 2024 In a positive outlook for India’s economic trajectory, both S&P Global and Morgan Stanley have released forecasts projecting a robust Gross Domestic Product (GDP) growth rate of 6.4% for the year 2024. These predictions signal optimism for India’s economic recovery and underscore the country’s resilience and potential in the global landscape. 1. Economic Resilience Amid Global Challenges: The projections by S&P Global and Morgan Stanley reflect a vote of confidence in India’s ability to navigate and rebound from the challenges posed by the global economic landscape. Despite uncertainties and disruptions, the forecasted growth rate suggests that India…
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India Emerges as the Least Sensitive to a Slowdown in China, Shows Data
India Emerges as the Least Sensitive to a Slowdown in China, Shows Data In the ever-evolving landscape of global economics, the interconnectedness of nations often means that economic fluctuations in one country can have a ripple effect worldwide. However, recent data suggests that India has emerged as a standout among nations, demonstrating resilience and insensitivity to the economic slowdown in its neighbor, China. 1. Economic Independence: India’s economic landscape has undergone significant transformations in recent years, fostering a level of independence from external influences. The diversification of its economic activities, ranging from technology and services to manufacturing, has played a crucial role in insulating India from the repercussions of a…
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Supertech Case Enforcement Directorate (ED) Conducts Search Operation at DLF Headquarters (Sources)
Supertech Case Enforcement Directorate (ED) Conducts Search Operation at DLF Headquarters In a significant development related to the Supertech case, the Enforcement Directorate (ED) has reportedly initiated a search operation at the headquarters of DLF, according to sources cited by ETNow. The move comes as part of the ongoing investigation into financial irregularities and alleged misconduct in the real estate dealings of Supertech, a prominent player in the real estate sector. Sources indicate that the Enforcement Directorate, known for its role in investigating economic offenses and enforcing economic laws in India, conducted a search operation at the DLF headquarters in connection with the Supertech case. The nature and scope of…
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Khichdi Scam Case Aaditya Thackeray’s Alleged Close Aides Suraj Chavan and Amol Kirtikar (UBT Leader) Reach EOW Office
Khichdi Scam Case Aaditya Thackeray’s Alleged Close Aides Suraj Chavan and Amol Kirtikar (UBT Leader) Reach EOW Office In a significant development related to the ongoing Khichdi scam case, two key figures, alleged to be close aides of Aaditya Thackeray, have made their way to the office of the Economic Offences Wing (EOW). Suraj Chavan and Amol Kirtikar, the latter identified as a leader associated with the United Bharatiya Tamasha (UBT), arrived at the EOW office for questioning regarding their alleged involvement in the financial irregularities under investigation. The Khichdi scam, which has been making headlines in recent weeks, revolves around allegations of fraudulent practices in government contracts, specifically related…
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Telangana Assembly Polls Live Updates Amit Shah Announces Plan to Reevaluate Reservation Policies
Telangana Assembly Polls Live Updates Amit Shah Announces Plan to Reevaluate Reservation Policies In a significant turn of events during the Telangana Assembly Polls, Union Home Minister Amit Shah made a bold announcement, stating that if his party secures victory and comes to power, they plan to reevaluate the reservation policies in the state. Addressing a gathering of supporters, Shah declared, “Once voted to power, we will carefully review and, if necessary, abolish the 4% reservation for Muslims in Telangana. Our focus is on creating a more inclusive and equitable system that addresses the needs of all communities.” This statement by the Union Home Minister has sparked intense discussions and…
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Rajasthan Election 2023 Polling Live Nearly 25% Voter Turnout Recorded Till 11 AM, Says EC
Rajasthan Election 2023 Polling Live Nearly 25% Voter Turnout Recorded Till 11 AM, Says EC In a dynamic display of democratic participation, the state of Rajasthan witnesses a vibrant electoral process as citizens exercise their right to vote in the 2023 elections. The Election Commission (EC) has reported a significant turnout, with nearly 25% of eligible voters casting their ballots by 11 AM. The polling stations across the state opened their doors early in the morning to welcome voters, and the turnout has been steadily increasing since then. The Election Commission, responsible for overseeing the electoral process, has been actively monitoring and reporting the progress of the polls. As of…
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Prime Minister Narendra Modi Soars the Skies in Tejas Fighter Jet
Prime Minister Narendra Modi Soars the Skies in Tejas Fighter Jet In a historic and awe-inspiring moment, Prime Minister Narendra Modi took to the skies in the indigenous Light Combat Aircraft (LCA) Tejas. The event, held at an undisclosed location, showcased the prowess of India’s homegrown defense technology and the commitment of the nation to strengthen its defense capabilities. The Prime Minister, known for his bold initiatives, donned a pilot’s flight suit as he boarded the Tejas fighter jet. The aircraft, manufactured by Hindustan Aeronautics Limited (HAL), has been a testament to India’s technological advancements in the field of aviation. The flight, which lasted for approximately 30 minutes, included maneuvers…
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IREDA IPO Robust Demand Surges as Issue Witnesses Fourfold Subscription on Day 2
IREDA IPO Robust Demand Surges as Issue Witnesses Fourfold Subscription on Day 2 In a testament to investor confidence, the Initial Public Offering (IPO) of the Indian Renewable Energy Development Agency (IREDA) has garnered significant attention, recording a remarkable fourfold subscription on the second day of the offering. This article explores the factors contributing to the overwhelming demand, implications for IREDA, and the broader significance for the renewable energy sector. Key Points: Subscription Frenzy: The article kicks off by highlighting the impressive subscription figures, emphasizing the fourfold surge in demand for IREDA’s IPO on its second day. It delves into the factors fueling this heightened interest among investors. Investor Appetite…
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Ugro Capital’s Shares Surge 3% Following Company’s Clarification on RBI Circular Addressing Credit Risk
Ugro Capital’s Shares Surge 3% Following Company’s Clarification on RBI Circular Addressing Credit Risk In a notable market development, Ugro Capital has witnessed a 3% surge in its shares, propelled by the company’s recent clarification on the Reserve Bank of India’s (RBI) circular related to credit risk. This article delves into the details of Ugro Capital’s response to the RBI directive, the impact on investor sentiment, and the broader implications for the company in navigating credit risk dynamics. Key Points: Ugro Capital’s Response to RBI Circular: The article begins by outlining Ugro Capital’s official clarification regarding the RBI circular addressing credit risk. It delves into the company’s stance on compliance,…
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Gold’s Forward March A Symphony Fueled by a Weakening US Dollar
Gold’s Forward March A Symphony Fueled by a Weakening US Dollar In a rhythmic dance of economic forces, gold has taken center stage, advancing against the backdrop of a weaker US dollar. This captivating movement in the precious metal market beckons an exploration into the dynamics that have orchestrated gold’s march and the implications it carries for investors and global financial landscapes. Key Points: The Melody of a Weaker US Dollar: The article opens by dissecting the correlation between gold’s ascent and the diminishing strength of the US dollar. It explores how a weakened dollar, influenced by economic indicators, monetary policy, and global market conditions, sets the stage for gold…
