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Nirmala Sitharaman believes that India will become the largest economy by 2027, Indian Finance Minister Nirmala Sitharaman has expressed confidence that India will become the world's third-largest economy by 2027, overtaking Japan and Germany. She made this statement during an event at the Indo-Pacific Regional Dialogue 2023 in New Delhi on November 15, 2023. Nirmala Sitharaman  Is India likely to become 3rd largest economy by 2027 as per IMF calculation? Sitharaman pointed to India's strong economic growth prospects, which have been projected by the International Monetary Fund (IMF) to be among the highest in the world in the coming years. She also highlighted the country's growing middle class, its expanding digital economy, and its favorable demographic trends as factors that will support its continued economic growth. The prospect of India becoming the world's third-largest economy is a significant one, and it would mark a major milestone in the country's devel...

India and the United States signed a Memorandum of Understanding (MoU) on November 14, 2023, to promote cooperation among startups, address regulatory hurdles, and share best practices on fundraising by entrepreneurs. The MoU was signed in San Francisco during an industry roundtable meeting attended by Indian Commerce and Industry Minister Piyush Goyal. USA India promote start-ups company. The MoU aims to strengthen the startup ecosystems in both countries and promote innovation in critical and emerging technologies (CET) as identified under the India-US Initiative for Critical and Emerging Technology (iCET). The specific objectives of the MoU include Connecting the two sides' dynamic startup ecosystems Addressing specific regulatory hurdles to cooperation Sharing information and best practices for startup fundraising Promoting innovation and job growth, particularly in CET areas The MoU is expected to have a positive impact on economic activity, attract investment, and generate e...

Mutual Fund Investment in India was Rs. 85 lakh crore. The decline was primarily due to the withdrawal of the debt section that saw the 63 and 882 crores of net discharge. However, most other property classes find net credits, and Equity funds are Rs. 46, 553 crores and hybrid funds Rs. 36, 040 crores and solution -based funds Rs. 16, 624 crore. Share market news  What are the mutual fund inflows in September 2023? The overall decline of mutual financial investment may be due to increasing interest rates, concerns of inflation, and many factors, including the global economic uncertainty. These factors have led to an increase in fluctuations in the markets, which have withdrawn investors with high risk and credit equipment. Despite the decline in the September quarter, the Mutual Fund sector is confiden...

According to a statement released by the Society of Indian Automobile Manufacturers (SIAM), Automobile sector  22,11,457 vehicles were exported from India in the first six months of the current financial year from April to September last year. This number was 26,80,527 during the April-September period of the last financial year 2022-23.  Compared to that, exports of vehicles have now declined by 17 percent. While exports of passenger vehicles increased during the assessment months, exports of two-wheelers, three-wheelers and passenger vehicles declined. As a result overall exports of vehicles have seen a decline. Exports of passenger vehicles in the first half of the current financial year stood at 3,36,754.  The figure was 3,20,506 during the same period of the previous financial year 2022-23.  Compared to that, the export of passenger vehicles has now increased by 5 percent. Exports of passenger vehicles during the assessment months stood at 31,864.  This is...

Stock markets have seen a decline since the beginning of the week.  The alarming voices of global investors also pushed domestic traders to such a sentiment. This caused the market to fall. Stock market, thanks iamge help freepik With the country's Retail Price Inflation data expected to be released after the market close, stock traders were hesitant due to inflation wariness. As was the case on Friday last week, on Monday, market trading started sluggishly with no sign of a major upswing and saw a dip towards the end of trading. Stocks in information technology, financials and home appliances sectors were selling off sharply, which was a major reason for the decline in the market. Foreign investors continue to pull out their investments.  This is also a factor affecting the market.  190 crore rupees were ta...

Public sector Power Finance has a market capitalization of Rs. 1 lakh crore crossed on November 14, 2023. A public sector enterprise, has crossed the market capitalization of Rs. 1 lakh crore as of November 2023. According to the data from [NSE] the share price of Power Finance Corporation Ltd was Rs. 307.5 on November 13, 2023, which implies a market capitalization of Rs. 94,943.93 crore.  Power Finance Corporation This is a significant milestone for the company, And it is a testament to its strong financial performance and growth prospects. Power Finance is a leading provider of financial services to the power sector in India. The company offers a wide range of products and services, including project financing, term financing, working capital financing, and advisory services. Power Finance has played a key role in the development of the power sector in India, and it continues to be a major player in the industry. The crossing of the Rs. 1 lakh ...