On the 31st March 2014 the spot inter-bank market saw:
Open: 1 USD = 59.8249 INR
Close: 1 USD = 59.9265 INR
Average: 1 USD = 60.0317 INR
Lowest: 1 USD = 59.9524 INR
Highest: 1 USD = 60.1109 INR
Present Live U.S. Dollar into Indian Rupee Exchange Rate
Spot: 1 USD = 71.7935 INR
Independent Provider: 1 USD = 71.2909
Avge. UK Bank International Payment: 1 USD = 68.9792 INR
Economists traditionally use gross domestic product (GDP) to measure economic progress. If GDP is rising, the economy is in good shape, and the nation is moving forward. If GDP is falling, the economy is in trouble, and the nation is losing ground.
Indian economy or GDP expanded at lower-than-expected 5% year on year in the April-June quarter, the slowest in over six years, driven by weak investment growth and sluggish demand. ... Slowdown in growth due to endogenous and exogenous factors, said Chief Economic Adviser K.V. Subramanian after GDP data release.Aug 30, 2019
The country's GDP grew at a modest 4.5% in the September quarter, official data released
Nov. 29 showed. This marks the sixth straight fall in quarterly GDP growth and also the first time in almost seven years that it has fallen below the psychologically important 5% mark.
Nov. 29 showed. This marks the sixth straight fall in quarterly GDP growth and also the first time in almost seven years that it has fallen below the psychologically important 5% mark.
According to the International Labour Organization (ILO) – a United Nations agency, unemployment is rising in India and the "unemployment rate in the country [India] will stand at 3.5 percent in 2018 and 2019 – the same level of unemployment seen in 2017 and 2016".
India's unemployment rate in the month of October jumped to 8.5 per cent, which is the highest in over three years.
In the last few years, gross NPAs of banks (as a percentage of total loans) have increased from 2.3% of total loans in 2008 to 9.3% in 2017 (Figure 1). This indicates that an increasing proportion of a bank’s assets have ceased to generate income for the bank, lowering the bank’s profitability and its ability to grant further credit.
The FDI performance of India over the last few years has also not been inspiring in terms of the destination of investment. In 2018, India dropped out of the top 10 destinations for FDI on the AT Kearney FDI Confidence Index for the first time since 2015. This came at a time when other comparable economies were doing relatively well — Southeast Asian economies saw FDI increase in 2018 by 11 per cent.
Government’s much-hyped ‘Make in India’ has failed to create jobs across sectors. In fact, a top corporate honcho has even declared that India is “exporting more jobs than goods”, as of now.
Six years after it was introduced, the 'none of the above' or NOTA option is beginning to increasingly count in elections in the country.
In the recent assembly election in Maharashtra, the number of voters choosing NOTA in Latur (Rural) and Palus-Kadegaon constituencies was second only to those who backed the winning candidates. In Haryana, there was one assembly seat, Thanesar, where the victory margin was less than the votes cast for NOTA.
Indian economy crying for reforms.
