Indian economy
How the Muthoot Family Built a $13 Billion Fortune From India's Gold Obsession
Nov 20, 2025 03:11 pm CST
India's Muthoot Finance has leveraged the country's deep cultural connection to gold into a thriving lending empire. As gold prices surge, this family-run business with nearly nine decades of experience offers quick loans against jewelry collateral, dominating India's shadow banking sector with outstanding loans worth 1.25 trillion rupees. Despite growing competition from both local banks and foreign investors, the Muthoot family's straightforward business model continues to flourish, with their collective fortune now exceeding $13 billion.
Finance Minister Nirmala Sitharaman Announces Plans for World-Class Banking Institutions in India
Nov 06, 2025 08:46 pm CST
Finance Minister Nirmala Sitharaman has outlined the government's vision for creating world-class banking institutions in India, confirming ongoing discussions with the Reserve Bank and financial sector leaders. The initiative comes amid continued banking consolidation efforts and the strategic divestment of IDBI Bank, as India aims to strengthen its financial infrastructure while expanding credit flow to support industrial growth.
How India Is Becoming The World's Most Important AI Consumer Market
Nov 04, 2025 02:08 pm CST
India is emerging as a critical player in the artificial intelligence landscape, not as a developer of AI technology but as its largest consumer base. Major AI companies including OpenAI, Google, and Perplexity are offering free premium services to hundreds of millions of Indian users, creating an unprecedented social experiment that could potentially transform India's productivity and economic growth by empowering its vast workforce with AI tools.
India Emerges as Premier Global Investment Destination Under Modi Leadership, Says Lok Sabha Speaker Om Birla
Nov 04, 2025 10:51 am CST
Lok Sabha Speaker Om Birla highlights India's transformation into a global investment hub at the Bharat Chamber of Commerce's 125th anniversary event, crediting the country's democratic strength, transparent governance, and infrastructure development for attracting entrepreneurs worldwide under PM Modi's leadership.
RBI Data Shows Rs 5,817 Crore Worth of Rs 2,000 Notes Still in Circulation: 98.37% Already Returned
Nov 02, 2025 01:21 am CST
The Reserve Bank of India reports that Rs 2,000 denomination notes worth Rs 5,817 crore remain in circulation, representing just 1.63% of the original amount when withdrawal was announced in May 2023. Despite still being legal tender, 98.37% of these high-value notes have been returned, with multiple options available for exchanging or depositing remaining notes through RBI's 19 issue offices nationwide.
India's Export Diversification: Textiles, Gems, and Marine Products Show Strong Growth in Non-US Markets
Nov 01, 2025 09:42 am CST
India's exports of textiles, gems and jewellery, and marine products have shown remarkable growth across non-US markets in 2025, with significant increases in UAE, Vietnam, Belgium, and Saudi Arabia. This strategic diversification reflects India's expanding global trade footprint and reduced dependence on traditional markets, with marine exports rising 15.6% year-on-year and new opportunities emerging in Asia, Europe, and West Asia.
India's Wedding Season Set to Boost Economy with Rs 6.5 Lakh Crore and 1 Crore Jobs
Oct 30, 2025 10:32 pm CST
India's upcoming 45-day wedding season starting November 1 is projected to generate Rs 6.5 lakh crore from 46 lakh weddings, creating over 1 crore temporary jobs. With Delhi contributing Rs 1.8 lakh crore, the season highlights a significant shift toward locally-made products, with over 70% of wedding purchases now being Indian-made. The jewellery sector leads with a 15% contribution to this economic activity.
India's Domestic-Driven IPO Boom: How Local Investors Are Transforming the $200 Million-An-Hour Market
Oct 29, 2025 12:27 pm CST
India's IPO market is experiencing unprecedented growth, with offerings like LG Electronics' $1.3 billion IPO selling out at $200 million per hour. Unlike previous cycles, domestic investors—including mutual funds, insurance companies, and retail participants—now dominate with 75% of investment, reducing dependency on foreign capital. This structural shift is creating a self-sustaining ecosystem despite concerns about valuations, as the pipeline remains robust with over 200 companies seeking listings in what could be a record-breaking market transformation.
Mark Mobius Endorses Adani Group: "An Investment In Adani Is An Investment In India"
Oct 29, 2025 01:15 am CST
Veteran investor Mark Mobius strongly endorses the Adani Group's role in India's infrastructure development, stating that investing in Adani equates to investing in India's future. He dismisses recent controversies as overblown, defends LIC's investments in Adani companies, and expresses optimism about India's economic outlook with its impressive 6% GDP growth rate.
Washington Post Faces Credibility Crisis in India Over Adani Group Reporting
Oct 27, 2025 02:27 pm CST
The Washington Post's reporting on India's economic growth and Adani Group faces intense scrutiny as Indians question its journalistic integrity. Following allegations of government-directed investments without verifiable evidence, the publication's history of retractions and corrections has eroded trust, with many viewing its coverage as geopolitically motivated rather than factual reporting about India's economic advancement.