Economy and Finance

News and views related to the Indian Economy and Financial sector

Economy and Finance

How realistic is Prime Minister Modi’s target of making India a $5 trillion economy by 2024

Shashank Goyal - 4 November, 2019

India’s Prime Minister Mr Narendra Modi has declared his vision of making India a $5 trillion economy by 2024.

Economy and Finance

All you wanted to know about the RCEP, the trade deal forming the world’s largest economic block

OpIndia Staff - 4 November, 2019

The RCEP will provide the Indian industry with a large market with low trade barriers

Fact-Check

Government clarifies that there is no ‘Gold Amnesty Scheme’ after media publishes misleading reports

OpIndia Staff - 31 October, 2019

Media houses had reported earlier today that the government may soon announce a 'gold amnesty scheme' which will fix a holding limit for gold and will tax Indians over a certain amount of gold.

Economy and Finance

India’s economic slowdown temporary, will reverse in coming quarters: RIL chairman Mukesh Ambani expresses confidence in govt reforms

OpIndia Staff - 30 October, 2019

PM Modi, who was also in Saudi Arabia as the keynote speaker at the FII in Riyadh listed the attractiveness of the Indian economy and invited global businessmen to invest in the country.

News Reports

Reserve Bank of India clarifies that it has not sold any gold or trading in it, refutes the ET report categorically

OpIndia Staff - 27 October, 2019

Tweaking its headline a bit, the ET had falsely reported that RBI has begun to sell some of its gold again despite their own reports suggested that RBI had bought more gold rather than selling from its reserves.

Economy and Finance

India among 10 most improved economies, jumps 14 places to reach 63rd rank in the World Bank’s Ease of Doing Business rankings

OpIndia Staff - 24 October, 2019

India, which was ranked 77th among 190 countries in the previous Ease of Doing Business ranking, has shown an improvement of 23 places compared to its position in 2018.

Economy and Finance

Hua to Hua? Manmohan Singh now says ‘what happened did happen’

Abhishek Banerjee - 19 October, 2019

Manmohan Singh had this simple comeback to Nirmala Sitharaman pointing out the financial disaster that the UPA government created in Public Sector Banks.

News Reports

PM Modi was gracious in congratulating me, economic slowdown not India specific: Esther Duflo on India, PM Modi and the Economy

OpIndia Staff - 19 October, 2019

Esther Duflo, who belongs to France also stated how President Macron only congratulated her and did not mention the other two for winning the prestigious award, but hailed PM Modi for being gracious

News Reports