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Officially, the Indian rupee has a market-determined exchange rate. However, the Reserve Bank of India trades actively in the USD/INR currency market to impact effective exchange rates. Thus, the currency regime in place for the Indian rupee with respect to the US dollar is a de facto controlled exchange rate.
(in ₹ Crore) Revenue growth Profits (in ₹ Crore) Headquarters State Controlled; 1 Reliance Industries Limited: Oil and gas: 920,274 25% 66,702 Mumbai: 2 Indian Oil Corporation: Oil and gas: 872,093 25% 9,792 New Delhi: Yes 3 Life Insurance Corporation: Insurance 792,427 9% 35,997 Mumbai Yes 4 Oil and Natural Gas Corporation: Oil and gas ...
The economy of Delhi is the 12th largest among states and union territories of India. The Nominal GSDP of the NCR was estimated at 272.603 Billion [1] and the Nominal GSDP of the NCT of Delhi for 2023-24 was estimated at ₹ 11.07 lakh crore (US$130 billion) [10] [11] recording an annual growth of 9.2%. Growth rate in 2014-15 was 9.2%.
The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. [3] The first budget of India was presented on 18 February 1860 by Scotsman James Wilson. [4]
These foreign-currency deposits are the financial assets of the central banks and monetary authorities that are held in different reserve currencies (e.g., the U.S. dollar, the euro, the pound sterling, the Japanese yen, the Swiss franc, the Indian rupees and the Chinese renminbi) and which are used to back its liabilities (e.g., the local ...
India's foreign exchange reserves have steadily risen from $5.8 billion in March 1991 to ₹38,832.21 billion (US$540 billion) in July 2020. [ 359 ] [ 360 ] In 2012, United Kingdom announced an end to all financial aid to India, citing the growth and robustness of Indian economy.
Visakhapatnam district leads in Industrial sector and Service sector, which contributed ₹ 17,598 crore (US$2.0 billion) and ₹ 31,372 crore (US$3.6 billion) respectively. The per capita income of the state for 2014–15 was $$1,780.47
The sector is predicted to grow at an average annual rate of 8.8% to US$9 billion by 2026 (3.1% of GDP). Mumbai's tourism industry accounted for 5.4% of India's total travel and tourism-related GDP in 2016, and employed 2.4% of the country's total workforce. [102] Foreign tourists accounted for 35.7% of all tourism-related spending in Mumbai in ...