Economy

India’s fiscal deficit stood at 50.7% of annual estimates: Basics Explained

According to data released by the Controller General of Accounts (CGA) on, December 29 the government’s fiscal deficit at the end of November stood at ₹9.06 lakh crore or 50.7…

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IMF relabel India’s exchange rate from floating to stabilize

IMF (The International Monetary Fund) has reclassified India’s “de facto” exchange rate regime to “stabilized arrangement” from “floating” for December 2022 to October 2023, According to the IMF’s staff assessment,…

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Retail Inflation Rises in November: Basics Explained

According to data released by the National Statistical Office (NSO), retail inflation rose to a three-month high of 5.55 percent in November. The Reserve Bank of India(RBI) has projected that…

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UPI added another billion to reach 11 billion transactions: Basics Explained

The Reserve Bank in its monthly bulletin said  The Unified Payments Interface (UPI) added another billion to reach 11 billion transactions in a short span of two months. LEARNING FROM…

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India’s GDP crossed the $4 trillion mark: Basics Explained

Referring to a purported screenshot of a live GDP tracker of all economies based on the International Monetary Fund  data , several media reports on Sunday said, India’s economy crossed…

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What is the Gross Domestic Product

Gross Domestic Product (GDP) is a measure of economic activity in a country/ Level of output produced by the country. the final value of the goods and services produced within…

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CPI-based inflation rate fell to 4.87 percent in October:  Basics Explained

As per the data released by the National Statistical Office (NSO) India’s consumer price index (CPI)-based inflation rate fell to 4.87 percent in October (it was 5.02 percent in September)….

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WHAT IS INFLATION

                INFLATION: It is an economic condition in which prices of goods and services rise and the value of money falls or money circulation exceeds the production of goods and…

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Current account deficit amounted to 1.1% of GDP in First quarter: Basics Explained

As per the data released by the Reserve Bank of India (RBI) India’s current account deficit (CAD) rosed to $9.2 billion in the first quarter(April-June) of 2023-24. It amounted to…

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India’s Q1 GDP data released: Basics Explained

The Ministry of Statistics and Programme Implementation (MoSPI) today released quarterly GDP data economic growth data — Gross Domestic Product (GDP). India’s gross domestic product (GDP) reached a growth rate…

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