RBI's repo rate (the rate at which the central bank lends to commercial banks) was at 8.5% 10 years ago in FY12. It had since gradually reduced by 4.5% in the decade until FY22. But FY23 is seeing a reversal of that trend.
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Budget 2023: 10-Yr Declining Trend In RBI Repo Rate Reversing
It had since gradually reduced by 4.5% in the decade until FY22. But FY23 is seeing a reversal of that trend.
Infographics
Expenditure on Central schemes up 20% in FY24
India's expenditure on Central schemes in FY23 rose from budgeted ₹16.2 lakh crore to ₹18.6 lakh crore.
Retail, NBFCs drive credit offtake in FY23
India's gross bank credit off-take rose 15% in FY23 to ₹136.8 lakh crore. The growth was led by sectors such as NBFCs, personal loan and services segments.
The Start-up Boom
The Indian start-up ecosystem is now the third-largest in the world, thanks to the rise of digital technologies and growth in the number of young entrepreneurs.
Infographic: Rail accidents decline sharply
In FY22, there was only one level crossing accident and two collisions
Infographics
Expenditure on Central schemes up 20% in FY24
India's expenditure on Central schemes in FY23 rose from budgeted ₹16.2 lakh crore to ₹18.6 lakh crore.
Retail, NBFCs drive credit offtake in FY23
India's gross bank credit off-take rose 15% in FY23 to ₹136.8 lakh crore. The growth was led by sectors such as NBFCs, personal loan and services segments.
The Start-up Boom
The Indian start-up ecosystem is now the third-largest in the world, thanks to the rise of digital technologies and growth in the number of young entrepreneurs.
Infographic: Rail accidents decline sharply
In FY22, there was only one level crossing accident and two collisions
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