December 07, 2021
Every day we compile the latest news on the Indian economy to keep you abreast and updated on the current state of commercial affairs. So that Indian economy news stays fresh and crisp as your daily newspaper, with inputs from the best resources. Our compilations bring business news reports that are relevant today and tomorrow, giving vital inputs on the various sectors of the Indian Industry and trade. The news gathered from across the financial and political hubs of India so that you know the shape of things to come in the Indian economy.
Payment transactions grew 53% in volume terms and 28% in value terms during the last 12 months, according to Mr. P Vasudevan, Chief General Manager, Payment and Settlement Systems, Reserve Bank of India (RBI).
India's foreign exchange reserves of US$ 640.4 billion are the fourth largest in the world, as per Mr. Pankaj Chaudhary, Minister of State for Finance.
As per Careernet, salaries offered to candidates during the recovery phase of the pandemic grew by 29%.
Yet to be invented ancillary digital asset-related businesses could lead most of India's US$ 1.1 trillion in total economic growth in the next 11 years, as per an US India Strategic and Partnership Forum (USISPF) and Crosstower report.
IIFL Home Finance Ltd reported a 12% YoY growth in its Assets Under Management (AUM) figures and disbursed loans to the tune of approximately Rs. 3,000 crore (US$ 398.4 million) between April-September FY21-22.
A positive progressive regulatory framework could propel India to the forefront of Blockchain technology via a proposed bill to be introduced in the winter session of the parliament.