India exceeds RBI estimates with 7.6% growth in GDP for the September quarter

India’s Economy Grows at 7.6% in September Quarter, Manufacturing, Mining, and Services Sectors Contribute to GDP Growth India’s economy grew at 7.6% in the September quarter of this fiscal year, making it the fastest-growing large economy, according to government data released on Thursday. The growth was primarily attributed to the better performance of the manufacturing,…

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October 2023 Report on PCE Inflation

Inflation measured by personal spending rose in October in line with expectations, potentially signaling to the Federal Reserve to hold interest rates steady and consider cutting in 2024, data released on Thursday showed. The personal consumption expenditures price index, excluding food and energy prices, increased by 0.2% for the month and 3.5% year-over-year, according to…

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India gives the green light to defense acquisition projects totaling Rs 2.23 lakh crore

Defense acquisition projects worth Rs 2.23 lakh crore were given initial approval by the government of India on Thursday, a move aimed at significantly enhancing the combat capabilities of the armed forces. The projects include the procurement of 97 Tejas light combat aircraft and 156 Prachand combat helicopters. The Defence Acquisition Council, chaired by Defense…

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“The Most Successful Wealth Creators in New India are Born in the 90s Without Inheritance”

Self-made entrepreneurs in India have created a staggering amount of wealth, equivalent to the GDP of Denmark, according to a report by Hurun and IDFC First. Leading the pack is Radhakrishna Damani’s DMart, valued at ₹2.3 lakh crore, followed by Flipkart, co-founded by Binny Bansal and Sachin Bansal. Startups dominate the list of top companies,…

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