India News Insight

wrote by PT India’s economy continues its steady march forward, supported by policy stability, digital innovation, and improving global sentiment. Let’s take a closer look at today’s top economic developments shaping India’s financial landscape. 1. RBI Maintains Rates, Raises Growth Forecast      The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 5.50%, maintaining a balanced stance between inflation control and economic growth. GDP growth for FY 2025-26 has been revised upward to 6.8% from 6.5%. Inflation is projected to ease to 2.6%, showing signs of price stability. The current account deficit narrowed to just 0.2% of GDP, reflecting robust external balance. 💬 “India remains resilient to global uncertainty,” said RBI Governor Shaktikanta Das .

  Overview India’s financial sector is witnessing strong activity this week — from the Reserve Bank’s new digital currency sandbox to major fundraising moves by banks and NBFCs. These developments highlight India’s growing strength in digital finance, global integration, and investor confidence. Key Financial Developments 💠 RBI Launches Retail CBDC Sandbox The Reserve Bank of India (RBI) has rolled out a retail digital currency sandbox to encourage innovation around the e-Rupee . Fintech startups can now build and test digital currency applications in a controlled environment — a big step toward integrating CBDC (Central Bank Digital Currency) into daily financial use. 🌐 Real-Time FX Settlement Coming to GIFT City The RBI and Gujarat International Finance Tec-City (GIFT City) are in advanced discussions to enable real-time foreign exchange settlements for domestic banks. This move will reduce transaction delays and boost global confidence in India’s international f...

  Big Moves in India’s Financial Landscape: RBI Reforms, GIFT City Launch & Growth Outlook India’s finance sector witnessed major developments this week, signaling the country’s push toward a more globally connected and resilient economy. From the Reserve Bank ’s regulatory reforms to the government’s focus on growth and new settlement systems, here’s everything you need to know. 🇮🇳 India Launches Foreign Currency Settlement System via GIFT City India has officially launched its foreign currency settlement system through GIFT City — a big step toward reducing dependency on overseas banking networks . This system allows foreign currency transactions (like USD) to be cleared locally within India. Standard Chartered Bank will handle dollar settlements under this framework. 💡 Impact: This move strengthens India’s financial independence and positions GIFT City as a global financial hub competing with Singapore and Dubai. 🏦 RBI Grants Self-Regulatory Status to NBFC ...