The International Monetary Fund (IMF) has commended India's economic resilience, reforms, and fiscal prudence. An IMF official stated that India responded well to the energy shock.
The IMF noted that India possesses strong economic fundamentals, which aid in navigating current global economic challenges. The ongoing economic reforms have contributed positively to the nation's growth trajectory.
The changing global order is creating opportunities for India, the IMF observed. This shift facilitates flexible, issue-based partnerships.
Union Finance Minister Nirmala Sitharaman defended the NDA government's policies regarding the banking sector, countering criticism from the opposition.
The Reserve Bank of India (RBI) has clarified the scope and calculation of the Foreign Exchange Risk Reserve. This move aims to enhance financial stability.
Hyderabad is likely to experience the highest launch growth in the housing sector, projected at 30-33% by FY2027, among the top seven cities in the country.
