A recent report by the State Bank of India (SBI) highlights a significant reduction in the poverty gap between rural and urban India in FY24, driven primarily by increased rural consumption and targeted government initiatives. The monthly per capita consumption expenditure (MPCE) gap between rural and urban areas has narrowed to 69.7% in FY24, down Read More…
A report from the State Bank of India suggests the rupee could depreciate by 8-10% against the US dollar during Donald Trump’s second term. The expected rise in the dollar is linked to tighter economic policies, including interest rate hikes. However, India’s manufacturing and export sectors could gain from the shifting global landscape. Forex traders Read More…