December 2024

Average Indian became wealthier

Approximately 85% of the India's $5.5 trillion market cap is now domestically held, along side an accumulated wealth of
- $5-6 trillion in real estate,
- $2 trillion in gold,
- $4-4.5 trillion in stocks.
Banking assets stand around $3 trillion.
So if you put this together the average Indian has become wealthier. - Manish Chokhani, Director, Enam Holdings.

Gold moved out of Bank of England - October 2024

The Reserve Bank of India has reported that a further 102 tonnes of its gold reserves have been moved back to India from the Bank of England.
This now means that ~60% of its gold reserves are stored domestically.
Many countries keeps its Gold at BOE for balance payment, Bharat also do it because we use to be net importer as compared exports, so we need to pay out and hence its becomes easy to just switch a Gold brick from one Vault to another within a Bank because every time shipping from Bharat we very expensive and takes time
Over last 10 years, Bharat has transformed itself to a Export Nation, hence the need to keep at BOE dropped. Also, because of our growing economics power, the trust and stability of Bharat has increased many folds and Balance of payment is not any issue.
Third and most important point, to ensure stability and trust on our currency, it needs to be backed by yellow metal.
The amount of metal we hold locally is directly proportional to trust in INR. This trust is important in bilateral trade, expansion of UPI based system in other countries. BRICS Pay is also based on strength of INR.
Why most countries use SWIFT or US dollar, because they have trust in USD, TRUST is the new currency and that is INR now. It also because of stability of Government
Now the most important part, When the TRUST is bestowed on INR, this is the time Indian Govt can issue Treasury bonds in INR to other countries just like what US do.
This will help Bharat to grow and replace blackmailing by USD.
This also saved Bharat from 1991 Balance of Payment crisis
India already got his entire Gold back from the Bank Of England.
The BoE fears that in future if they move the Gold to NY it will be expensive because of New tariffs.
Now, the BoE is moving its entire Gold to New York Current updates - Video

Recovers from Bank looters

Narendra Modi Govt recovers ₹22,280 crore from Congress Era Bank Looters! 🔹 ₹14,121 crore: Vijay Mallya's group 🔹 ₹1,052 crore: Nirav Modi's group 🔹 ₹2,565 crore: Mehul Choksi's assets
FM Sitharaman confirms relentless efforts to reclaim looted funds from the Congress era offenders.

Statement of Vijay Mallya

The Debt Recovery Tribunal adjudged the KFA debt at 6,203 crores including 1,200 crores of interest.
The FM announced in Parliament that through ED, banks have recovered 14,131.60 crores from me against the judgement debt of 6,203 crores and I am still an economic offender.
Unless the ED and banks can legally justify how they have taken more than 2 times the debt, I am entitled to relief which I will pursue.

🇨🇦 Canada: 103%
🇬🇧 UK: 80%
🇺🇸 US: 73%
🇫🇷 France: 63%
🇨🇳 China: 62%
🇩🇪 Germany: 52%
🇪🇸 Spain: 48%
🇮🇹 Italy: 39%
🇮🇳 India: 37%
🇿🇦 South Africa: 34%
🇧🇷 Brazil: 34%
🇸🇦 Saudi Arabia: 32%
🇷🇺 Russia: 22%
🇮🇩 Indonesia: 16%
🇲🇽 Mexico: 16%
🇹🇷 Turkey: 11%

January 2024

How middle class benefitted under BJP government

GST savings:

Pre GST tax rate - 15%
Post GST tax rate - 12.2% (March, 2023)
Through this, household saves ₹45,000 crores monthly since December, 2017

Income Tax Relief

Taxable income threshold increased from 2 lakh per year in 2013 - 2014 to 7.75 lakh per year in 2024 - 2025
Tax now applies only above ₹64,500 per month compared to ₹17,000 per month earlier

Affordable healthcare

There are 14,600+ Jan Aushadi Kendras offering 2000+ drugs at 50 - 90% lower costs, saving consumers ₹30,000 crores.
AIIMS increased from 7 in 2014 to 22 in 2024, with many under construction.
1.73 lakh Ayushman Aarogya Kendras have served more than 317 crores of people.

Housing and Real Estate Reforms

PM Awas Yojana has built 4.21 crore houses
SWAMIH funds for 50,000 homes reviving middle class housing dreams
1.24 lakh projects registered with 1.21 lakh complaints resolved.

Education and Skill Development

Number of universities increased from 760 to 1168 and colleges from 38,500 to 45,450 in 2024.
Number of medical seat grew from 51,348 to 1,12,112 in UG and 31,185 to 72,627 in PG.
The enrolment rate in higher education rose to 4.33 crore from 3.42 crore
There is also an significant growth in female enrolment

Business

Improved in the rank of Global Innovation Index from 81 to 39.
Manufacturing growth rate increased from 6% to 15% in 2014 to 2024.
The rate of jobs creation was 6 times faster than the previous government.

MSME and Startups

Over ₹51 crores collateral free loans disbursed under MUDRA scheme since 2015.
Number of startups increased from 471 in 2016 to 1.52+ lakhs in 2024 with 110+ unicorns

Financial stability

The profits of public sector banks increased from ₹36,270 crore in 2014 to ₹1.41 lakh crores in 2024
NPAs reduced from 14.58% in 2018 to 1.12% in 2024.- DGP

RBI buys 60,000 crore of government bonds

RBI to buy 60,000 cr. of govt bonds to make up for the liquidity shortage created by the dollar sales

November 2024

Journey of economy: 1951 - 2025

1951 = India 6th largest economy of world (after wealth drain by britishers, when they came we are at 2nd Rank)
1991 = India 17th largest economy
2024= India 5th Largest Economy
1951-1996 :- Largest WORLD BANK Borrower ? = India
1961-1991 :- Largest IMF Borrower? = India
1900-1947 = 0.7% pa GDP Growth
1947-1979= 1.2% pa GDP Growth
IMF forced India for LPG Reforms in 1991 but credit goes to Dr Manmohan Singh
That's why Late Economist Raj Krishna coined Hindu Rate of Growth

February 2025

India cuts import duties on high end imported cars and bikes

India cuts import duties on high-end imported cars and bikes from 50% to 30% benefiting companies like Tesla and Harley Davidson

FM Chidambaram vs FM Nirmala Sitharaman

Tax exemption

2014 : Rs 2 lakh 2025 : Rs 12 lakh

Bank NPA

2014- 11% 2024- 0.6%

Infra spending

2009-14 - ₹1.57 Lakh Cr 2019-26 - ₹55 Lakh Cr

Wealth Created

2009-2014 - ₹ 13 Lakh Cr 2019-2024 - ₹ 310 Lakh Cr

Forex Addition

2009-14 $50 B 2019-24 $350 B

GDP Rank

2014- 10th 2024- 5th

Scams

2009-14 : 78 2019-24 : yet to be identified

RBI cuts repo rate by 25BPS

The first rate cut in 5 years
This brings the repo rate to 6.25% from 6.5%
This lowers borrowing costs and positive for markets and businesses

Middle class to cross 1 Billion by 2046 - 2047

2.4 times increase from the 2020 - 2021 level
It will reach 715 million in 2030 from 432 million in 2020 - 2021

Highest GDP growth estimated

Real GDP growth of 2023-24 was 9.2% revised data from the earlier 8.2%. Highest in the last 12 years.

March 2025

Indian economy is fast growing

Create in India Production Fund

Government announces One billion dollar ‘Create in India’ Production Fund to support the creator economy.
Union Minister Ashwini Vaishnaw says the fund will be used to enable creators to enhance their skills, upgrade their production and expand into global markets.

India's 100% GDP growth in 10 years - IMF

Top 15 countries GDP growth in last 10 years

April 2025

India Surpasses U.S & Europe in Locomotive Manufacturing

India has set a new benchmark in railway manufacturing by producing 1,681 locomotives in FY 2024-25, a 19% jump from 1,472 units in FY 2023-24.
This feat puts India ahead of the United States and Europe combined, cementing its position as a global leader in locomotive production

August 2025

Is India a dead economy, as claimed by Trump

Growth Rate

India - 6.50%
America - 1.50% INDIAN ECONOMY
2014 - 11th Position
2025 - 4th Position GDP
2014 - $ 2 Tn
2025 - $ 4.187 Tn PER CAPITA INCOME
2014 - Rs 86,647
2025 - Rs 188,892 FOREIGN CURRENCY RESERVE
2014 - $ 304.20 Billion
2025 - $ 690.21 Billion SENSEX
2014 - 21,222
2025 - 82,500 NIFTY BANKs
2014 - 12336
2025 - 55800 MULTIDIMENSIONAL POVERTY RATE
2014 - 29.17%
2025 - 11.18% INFLATION RATE
2013 - 11.75%.
2025 - 6.00% START UPs
2014 - 350
2025 - 161,150 FOREIGN TOURISTS
2014 - 77 Lacs
2025 - 192 Lacs NO OF AIRPORTS
2014 - 74
2025 - 157
*CITIES HAVING METRO
2014 - 5
2025 - 21 EXPRESSWAYS
2014 - 1021 Kms
2025 - 5145 Kms Income tax exemption for Salaried Class
2014 - Rs 2 50 lakhs
2025 - Rs 12.00 lakhs GST COLLECTION Double and increasing month after month

Index of Industrial Production, July 2025

released by Ministry of Statistics and Programme Implementation (MoSPI)
Industrial growth jumped to a 4 month high of 3.5%
But, slower pace than 5% growth seen in July 2024

Sectors included

Manufacturing
Electricity
Mining
Capital goods
Metals and Machinery Segments
Non Metallic minerals products
Consumer durables
Consumer non durables

November 2025

India sets for over 7% GDP growth in FY26 and to cross $4trillion mark - CEA Anantha Nageswaran

The economy continued its strong momentum in the July–September quarter, with GDP rising 8.2 per cent, sharply higher than the 5.6 per cent growth recorded in the same quarter last financial year, and quicker than the 7.8 per cent in the first quarter of the current fiscal year.

Reasons for the growth

Rural demand remains resilient, and
urban demand is strengthening
Manufacturing - 9.1%
Construction - 7.2%
Services, Financial, Real estate and professional segments - 10.2%
Agriculture and allied activities - 3.5%
Electricity, gas, water supply and other utilities - 4.4%

Estimates by IMF - 6.6%

The International Monetary Fund (IMF) earlier this week estimated the Indian economy would grow at 6.6 per cent in FY26. Business Standard

RBI estimated 7% for Q2 FY26

The latest estimates are well above the Reserve Bank of India’s (RBI’s) projection of 7 per cent for Q2 FY26.

Quarterly growth since 2022-23

Business Standard

December 2025

How much India owes and which countries lend the most

Whether India is a borrower or a responsible debt manager?

$558.5 billion - March 2020

By the end of March 2020 India's total external debt reached around $558.5 billion

Commercial borrowing

This includes commercial borrowing, non resident Indians deposits and loans from multilateral institutions

Multilateral institutions as Key lenders

Multilateral institutions such as the World Bank and the Asian Development Bank have also been the key lenders.

NRI deposits in India's external debt system

NRI deposits play a vital role in India's external debt system. Capital deposited by Indians living abroad provides India with a stable and relatively safe source of funding.

Risk in commercial borrowing

Commercial borrowing allows Indian companies to raise capital from global markets competitive rates supporting production, exports and employment. However such loans carry risks including interest rate fluctuations and currency exchange volatility.

Major contributor to global development

India is also a major contributor to global development. The country provides economic assistance to more than 65 countries through lines of credit, grants, technical cooperation and humanitarian aid. MSN