India's Forex Reserves hit a record high.
ā¢ Forex Reserves have jumped now by $7.02 billion to a new high of $681.69 billion.
ā¢ India's GDP grows by 6.7% in April-June
šØIndia's GDP grows by 6.7 per cent in April-June quarter this fiscal against 8.2 per cent a year ago
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Mahendra Lochhab
Content creatorĀ ā¢Ā 1m
As of April 1, 2023, India's estimated coal reserves were 378.21 billion tonnes.
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Mahendra Lochhab
Content creatorĀ ā¢Ā 1m
The travel and tourism industry contributed US $178 billion to India's GDP in 2021.
By 2028, the industry is projected to contribute US$512 billion to India's GDP.
RBIās Record $77.5 Billion Short Positions: Impact on Rupee Liquidity and Forex Reserves
The Reserve Bank of India (RBI) currently holds a record $77.5 billion in net short dollar positions, which could influence rupee liquidity and foreign exchange
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Mahendra Lochhab
Content creatorĀ ā¢Ā 9m
According to a study, AI can add up to USD 957 billion or 15% of India's GDP by 2035.
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Yogesh Jamdade
.....Ā ā¢Ā 9m
A Purchasing Managers' Index (PMI) report indicates that India's business activity grew faster in June, with job creation reaching an 18-year high .
What are your views?
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Mahendra Lochhab
Content creatorĀ ā¢Ā 16d
India's travel and tourism industry is a major economic driver, contributing significantly to GDP and employment, with a projected growth of 7.1% annually. It's expected to reach US$125 billion by FY27.
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Nawal
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SELFĀ ā¢Ā 10m
ā¼ļø A $486-Billion Global Scam ?
In 2023, financial fraud reached $485.6 billion, nearly matching Singaporeās GDP. Payments fraud, driven by tactics like banking trojans, makes up 80% of these losses. Credit card fraud adds another $28.6 billion.
š¤ÆAs of January 5, 2025, here are the updated valuations for some of India's top startups:
-- šByju's: Approximately $21 billion.
-- šFlipkart: Valued at around $37.6 billion; acquired by Walmart.
--šPaytm: Approximately $16 billion.
--šOla:
Zepto, an instant grocery delivery startup, is set to raise $650 million from existing and new investors at a valuation of $3.5 billion. This significant fundraise underscores the high interest in India's booming quick commerce sector