macro India’s population surges to 144 cr: UNFPA The report elaborated that approximately 24% of India's population is aged 0-14, while 17% falls within the 10-19 age bracket. By Shabeeh Azeem
macro RBI proposes draft rules to regulate PoS for payment aggregators As per the RBI release, the banking regulator has asked the payment aggregators to apply for PoS authorisation from RBI by May 31, 2025. By fortuneindia.com
macro India's outward FDI surges to $3.91 bn in March: RBI Equity commitments more than doubled to $2.03 billion in March 2024 from $758.22 million in March 2023, surpassing the $616.46 million recorded in February 2024. By fortuneindia.com
macro India to grow at 6.5% in 2024: UNCTAD An increasing trend of multinationals extending their manufacturing processes into India will have a positive impact on Indian exports, says UNCTAD. By fortuneindia.com
macro IMF upgrades FY25 India GDP forecast to 6.8% The IMF says the "robustness" of the Indian economy reflects "continuing strength" in domestic demand and a rising working-age population By Manoj Sharma
macro Govt again hikes windfall tax on petroleum crude to ₹9,600 per tonne Notably, diesel and aviation turbine fuel will remain unaffected and maintain a zero windfall tax rate By fortuneindia.com
macro Rate cuts in India are now off the table: Morgan Stanley A strong growth trend domestically, driven by capex and productivity, implies that rates could be higher for longer, says Morgan Stanley By fortuneindia.com
macro Banks cannot slip in extra charges beyond KFS: RBI Applies to all new retail and MSME term loans sanctioned from October 1 onwards. By Shabeeh Azeem
macro Southwest monsoon rains to be above-normal: IMD IMD forecasts above-normal rainfall during monsoon. By fortuneindia.com
macro Indian real estate PE deal value plummets 30% to $3.7 billion: Anarock Anarock Capital revealed that FY21 marked the highest value of PE deals in the past five years, reaching $6.4 billion. By fortuneindia.com