Day: June 1, 2024

The Department of Telecommunications (DoT) is exploring the deployment of drones and tethered balloons to re-establish 5G services in the wake of emergencies and natural disasters that disrupt standard telecommunications. An informed official has disclosed that the DoT plans to conduct trials in the near future to assess the effectiveness of this strategy, with the […]

S&P Global Ratings has shifted India’s economic forecast to a positive outlook from a stable one. The agency’s specialists have indicated that the country’s fiscal performance and economic expansion will be crucial determinants for a potential elevation in its credit rating over the forthcoming two-year period. Andrew Wood, the director at S&P Global Ratings for […]

India’s economic growth accelerated to 8.2% in the fiscal year 2024, propelled by a stronger-than-anticipated 7.8% increase in the March quarter, primarily driven by solid manufacturing performance. The provisional figures released on Friday highlight India’s position as the fastest-growing major economy globally. Marking the most substantial annual expansion since FY17, aside from the 9.7% post-Covid […]

India’s foreign exchange reserves have seen a reduction of $2 billion, bringing the total down to $646.67 billion as of May 24, according to the Reserve Bank of India’s recent Friday report. In contrast, the previous week saw a significant increase in forex reserves by $4.54 billion, setting a new record high of $648.7 billion […]