Inward foreign remittances to India surged by 26% to $112.5 billion in the last fiscal year, the highest growth in five years, driven by economic recovery post-pandemic. Leading contributors include the US, UAE, UK, Singapore, and others. The World Bank expects a slight slowdown due to subdued growth in OECD economies. In 2022, remittances were buoyed by strong oil prices in GCC countries and robust US labor markets. These remittances act as buffers against external shocks, making up 3.2% of India's GDP. Goldman Sachs predicts a stronger current account balance for India in 2023 due to robust remittance inflows. Despite global weaknesses, economists anticipate India's remittances to remain resilient this fiscal year.
28 Aug 2023Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you.
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28 Mar 2023The video highlights the fact that the Indian government plans to develop and deploy 6G network technologies by 2030, shortly after beginning to roll out 5G. Prime Minister Narendra Modi released the Bharat 6G Vision Document and launched a 6G R&D Test Bed to support this goal. Indian telcos Airtel and Jio dominated the 5G auctions, while a local chip maker, Polymatech Electronics, plans to mass-produce components for both 5G and 6G. 6G will bring faster speeds and better connectivity and is expected to transform the future of the telecom industry in India.
28 Mar 2023Nepal reported 525 new coronavirus cases, taking the country's COVID-19 tally to 24,957
1 min read13 Aug 2020Nepal has recorded a total 17,994 COVID-19 cases and 40 deaths due to the coronavirus infection, the Kathmandu Valley has recorded 8 coronavirus cases in the past 24 hours
1 min read21 Jul 2020India’s macro stability and prospects of higher earnings growth remain intact for FY20
3 min read21 Mar 2019The site, owned by China's ByteDance, boasted 500 million users as of June following its purchase last year of Musical.ly, which greatly expanded its reach in the US
3 min read26 Dec 2018In Madhya Pradesh, where the Congress was leading in more seats than the BJP, party leader Jyotiraditya Scindia said trends reflect people's desire for change, while state Congress chief Kamal Nath exuded confidence that they will form the government in the state.
1 min read11 Dec 2018Former RBI governor Raghuram Rajan says this is something all Indians should be concerned about
5 min read10 Dec 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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