IMF raises India's GDP growth forecast by 30 bps to 6.8% for FY25

IMF upgrades India's GDP growth forecast for 2024-25 to 6.8%, citing strong domestic demand, while warning of global investment needs for a green future.

India fastest growing economy during the last three financial years: Union Finance Minister, Ms. Nirmala Sitharaman

Union Finance Minister, Ms. Nirmala Sitharaman, highlights India's consistent growth as the fastest-growing economy for three consecutive years, foreseeing sustained development ahead.

Mutual fund assets soar 35% to a new peak of US$ 638.83 billion (Rs. 53.4 trillion) in FY24

In FY24, mutual fund assets soared to a record US$ 638.83 billion (Rs. 53.40 lakh crore), propelled by increased retail investor participation and robust equity markets.

Spending in IT sector to hit US$ 139 bn in 2024, growing at 13.2%: Gartner

Indian IT sector set for robust growth in 2024, fuelled by increased spending on software and devices, while global IT expenditure rises driven by demand for GenAI processing.

TCS has one of the world's largest AI-ready workforce: CEO, Mr. Krithivasan

Tata Consultancy Services (TCS) boasts a vast AI-ready workforce of 300,000 employees, trained in foundational AI skills, fostering innovation and growth.

India's electronics exports increase 23.6% to US$ 29.12 billion in FY24

India's electronics exports soared to US$ 29.12 billion in FY24, up 23.6%, expanding into new territories like Montenegro, Cayman Islands, and El Salvador.