Economic Update: March 2025

Economic Update: March 2025

A tariff is a tax charged on the import of goods from foreign countries. Tariffs are used to generate revenue and as a protectionist measure, to shield domestic industries from foreign competitors. Tariff wars occur when nations escalate trade tensions by imposing...
Economic Update: February 2025

Economic Update: February 2025

Maha Kumbh Mela 2025: A Major Economic Driver for Uttar Pradesh Being held in Prayagraj, Uttar Pradesh, is poised to become one of the largest economic events in the region, with an anticipated turnout of 40-45 crore devotees and tourists. Spanning 10,000 acres, this...
Economic Update: January 2025

Economic Update: January 2025

The International Monetary Fund (IMF) upgraded India’s GDP projections by 20 basis points to 7 percent, from previous estimate of 6.8 percent in April, reflecting carryover from upward revisions to growth in 2023 and improved prospects for private consumption,...