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Indian Economy and Business: Market Downturn, Rupee Depreciation, and Long-Term Growth Projections

October 31, 2025

Indian markets experienced a significant downturn on October 30, 2025, with both the Sensex and Nifty falling due to global cues, including the US Federal Reserve's cautious stance on future interest rate cuts. The Indian Rupee also depreciated against major currencies, primarily driven by a decline in capital inflows. Despite these short-term challenges, Commerce and Industry Minister Piyush Goyal projected India to become a $30 trillion economy within 20-25 years, a forecast supported by analysis of historical growth trends. The Chief Economic Advisor also noted the economy is performing better than expected, with strong growth anticipated. Meanwhile, Telangana has emerged as India's fastest-growing service economy, and progress is being made on the India-EU Free Trade Agreement.

Question 1 of 15

What was a primary global factor contributing to the sharp decline in Indian benchmark indices on October 30, 2025?

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