Explore the latest developments in India's dynamic economy, from its robust growth trajectory to the challenges it faces. Our coverage delves into government...
India's economy is currently one of the fastest-growing major economies globally, driven by domestic demand, government spending, and a robust services sector.
Key drivers include a large domestic market, strong service and manufacturing sectors, infrastructure development, and increasing foreign direct investments.
Challenges include managing inflation, creating sufficient employment opportunities, reducing income inequality, and ensuring sustainable fiscal policies amid global uncertainties.
The RBI sets monetary policy, manages inflation, regulates banks, and maintains financial stability, directly impacting interest rates and credit availability.