India won the bid against UAE and Switzerland. The department for promotion of industry and internal trade (DPIIT) said that India's leading research and academic institutes, National Council for Cement and Building Materials (NCCBM) along with IIT Delhi successfully presented India's bid before the steering committee members of the conference during the ongoing 16th ICCC at Bangkok, Thailand.

India’s real GDP growth was 7.8 percent on year-on-year (y/y) basis in Q1 FY24 as per the Income or Production Approach. Former Chief Economic Advisor Arvind Subramanian, in an article, argued that India’s GDP is not measured from the expenditure side rather than productivity side.

The implications of labour shortage can be far-reaching. It could hamper India's ability to meet domestic demand and fulfil international orders and undermine its potential as a global manufacturing hub.

The RBI picked nine banks — State Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, YES Bank, IDFC First Bank and HSBC — for its pilot project for wholesale CBDC.