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FDI causes long term growth of the economy

FDI causes long term growth of the economy
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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New Umbrella Entity: Everything you need to know about NPCI's potential rival(s)

March 8, 2021
Some of India’s leading startups, fintechs, large banks and corporates, alongside a few global financial giants and tech companies, have come together, all to grab a piece of India’s burgeoning payments market. Soon, the Reserve Bank of India (RBI) may grant some of them their wish to build and scale new ways for Indian consumers to transact.
While cash remains the dominant form of making transactions in the country, over the last few years the number of consumers and merchants transacting digitally has grown exponentially. This has to do with two factors one the falling cost of data and access to smartphones which enable digital transactions and the second, the increased access to financial services like bank accounts and credit. According to Credit Suisse, digital payments in India now clock an annual payment run-rate of $450 billion and constitute 30% of all retail transactions from 10% in 2018. ....

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India's Forex Reserves Rise By $51.4 Billion During April-September 2020

India s forex reserves rise by $51.4 billion during April-September 2020
The foreign exchange reserves in nominal terms rose by $66.9 billion during April-September 2020 as compared with $20.8 billion recorded during the same period in 2019.
RBI
India s foreign exchange reserves increased by $51.4 billion during April-September 2020 as compared with $19.1 billion during April-September 2019, Reserve Bank of India s balance of payments (BoP) data shows.
Apart from this, the foreign exchange reserves in nominal terms rose by $66.9 billion during April-September 2020 as compared with $20.8 billion recorded during the same period in 2019.
The central bank on December 30 released the BoP for July-September 2020, based on which the sources of variation in foreign exchange reserves during April-September 2020 are measured. ....

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