remittances

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    UPI Turns 10: India Processes 49% of Global Transactions

    New Delhi, April 11 – As India’s Unified Payments Interface (UPI) celebrates its 10th anniversary on Saturday, the government announced that the country now accounts for 49% of global real-time payment transactions.The instant payments system processed 21.70 billion transactions in January...
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    India's Remittance Flows at Risk Amid West Asia Conflict

    Mumbai, April 10 The conflict in West Asia may impact India's remittance flow, as one-third of the inflows from the diaspora come from Gulf Cooperation Council countries, according to Crisil Ratings on Friday.The current account deficit can be adversely affected due to a reduction in the...
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    Partnership: Kenya Leverages India's DPI

    New Delhi, April 10. Kenya has adopted India’s digital public infrastructure (DPI), including UPI-style instant payments and DigiLocker-style digital document storage, to supercharge its governance structure, a new report has said.Kenya’s administrative system, plagued by bureaucratic delays...
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    Moody's: India's Economy Faces Moderate Growth, Inflation Risks

    New Delhi, April 6 – Moody’s Ratings maintained India’s sovereign credit rating at Baa3 with a stable outlook on Monday.In its latest report, the agency said India’s stable outlook reflects improving fiscal indicators since the pandemic and relatively resilient economic growth compared to...
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    India's GDP Growth Forecasted at 6.7% Despite Global Uncertainties

    New Delhi, April 6: India's economic growth is expected to remain robust despite rising global uncertainties, with GDP projected to expand at 6.7 per cent in FY27, a new report said on Monday.While ongoing geopolitical tensions in West Asia may present some challenges, data compiled by...
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    ADB Warns of Growth and Inflation Impacts from Middle East Conflict

    New Delhi, March 26 The West Asia conflict could reduce economic growth in the Asia-Pacific region by up to 1.3 percentage points over 2026-2027 and increase inflation by 3.2 percentage points if energy market disruptions last more than a year, according to a research by the Asian Development...
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    Expanding Trade Opportunities for Indian Exporters

    India’s Economic Fundamentals Strong as Exports Hold Steady, Says Piyush Goyal Services Growth and Stable Exports Support External Position New Delhi, March 17: Union Minister Piyush Goyal on Tuesday said that India’s economic fundamentals remain robust, supported by steady export performance...
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    India Could Retain $113 Billion by 2040 Through Foreign University Expansion, Deloitte and Knight Frank Report

    India could retain an estimated $113 billion in foreign currency by 2040 if it strengthens the domestic presence of foreign universities, according to a joint report released by Deloitte India and Knight Frank India on Thursday.The report states that enabling Foreign Higher Education...
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    Pakistan Economy Stabilizes Under IMF Program but Poverty and Inequality Surge

    IMF Backs Macroeconomic Stabilization Amid Social Strain New Delhi, February 24: Even as the International Monetary Fund has praised Pakistan for stabilizing its economy under its ongoing support program, new data shows that poverty and income inequality have sharply worsened, raising concerns...
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