Trump signals 25% tariffs on auto, semiconductor, and drug imports by April: Report
Feb 19, 2025, at 07:48 pm
Washington DC: President Donald Trump indicated he is likely to impose tariffs of around 25% on automobile, semiconductor, and pharmaceutical imports, with an announcement expected as early as April 2, Bloomberg reported.
ICRA projects India’s Q3 GDP growth at 6.4% on higher govt spending
Feb 18, 2025, at 09:28 pm
New Delhi: ICRA on Tuesday estimated India’s GDP to grow by 6.4% in the December quarter, citing increased government spending despite uneven consumption trends, reported The Economic Times.
Rising state debts in India widen fiscal divide, posing economic risks: NCAER report
Feb 12, 2025, at 10:02 pm
New Delhi: India's state-level debt has surged significantly, with some states now facing debt-to-GDP ratios nearing 50%, raising concerns about fiscal sustainability.
India’s retail inflation drops to 4.6% in Jan, industrial growth slows to 3.2%
Feb 12, 2025, at 06:06 pm
New Delhi: India's retail inflation eased to 4.6% in January 2025, down from 5.22% in December, as food price pressures subsided.
100% FDI in insurance to boost innovation, sector growth: Moody’s
Feb 04, 2025, at 10:56 pm
New Delhi: Moody’s Ratings stated on Tuesday that increasing the foreign investment limit in India’s insurance sector from 74% to 100% is expected to attract more global players and strengthen the industry's growth, reported PTI.
RBI likely to cut policy rate by 75 bps in 2025, starting with 25 bps in Feb: SBI Research
Feb 04, 2025, at 05:59 pm
Mumbai: The Reserve Bank of India (RBI) is expected to cut its policy rate by 75 basis points (bps) during the upcoming easing cycle, beginning with two successive reductions in February and April 2025, according to an SBI Research report.
Jan 31, 2025, at 09:56 pm
New Delhi: The Economic Survey 2024-25 has highlighted that real average monthly wages for both self-employed and salaried workers in 2023-24 were below 2017-18 levels.
India's forex reserves rise by $5.5 billion to $629.55 billion
Jan 31, 2025, at 08:02 pm
Mumbai: India's foreign exchange reserves rose by $5.5 billion, reaching $629.55 billion as of the week ending January 24, 2025, according to data from the Reserve Bank of India (RBI).
India’s manufacturing share on the rise, but still far behind China: Economic Survey 2024-25
Jan 31, 2025, at 07:46 pm
New Delhi: India's contribution to global manufacturing is currently only a tenth of China's, but the gap is narrowing, NDTV Profit reported, citing the Economic Survey 2024-25.
India's July-Nov 2024 capex growth shows strong focus on defence, railways, roads: Economic Survey
Jan 31, 2025, at 06:43 pm
New Delhi: From July to November 2024, India's government capital expenditure (capex) rose by 8.2%, with sectors like defence, railways, and road transport making up 75% of the total outlay, according to the Economic Survey 2024-25 released on Friday.
India’s fiscal deficit reaches Rs 9.14 trillion in Apr-Dec, 56.7% of annual target
Jan 31, 2025, at 06:21 pm
New Delhi: India’s fiscal deficit for April-December stood at Rs 9.14 trillion ($105.58 billion), accounting for 56.7% of the annual target, according to government data released on Friday.
Jan 31, 2025, at 02:21 pm
The Economic Survey 2024-25 estimates that India's GDP growth for the financial year 2025-26 (FY26) is expected to be between 6.3% and 6.8%.
Jan 22, 2025, at 11:28 am
Laxman Jaiswal on Government Fiscal Policies: Addressing Rupee Depreciation and Shrinking Market Investments
IMF retains India’s FY26-27 growth forecast at 6.5%, highlights global risks and opportunities
Jan 17, 2025, at 09:58 pm
New Delhi: The International Monetary Fund (IMF) maintained its growth forecast for India on Friday at 6.5% for FY26 and FY27, stating that this projection aligns with the country's potential.
India’s fiscal deficit to narrow as tax revenues grow: World Bank
Jan 17, 2025, at 05:29 pm
New Delhi: India's fiscal deficit is forecasted to narrow steadily, supported by increasing tax revenues, as per the latest World Bank report.
India's WPI inflation rises to 2.37% in December; retail inflation eases to four-month low
Jan 14, 2025, at 07:26 pm
New Delhi: India’s wholesale price index (WPI) inflation climbed to 2.37% in December, up from 1.89% in November, driven by rising prices of manufactured goods and a favourable base effect, according to government data released on Tuesday.
India's December retail inflation eases to four-month low of 5.22 percent
Jan 13, 2025, at 06:37 pm
India's retail inflation eased to touched a four-month low of 5.22 percent in December, from 5.48% in the previous month, as per government data released on Monday.
Core sector growth rebounds to 4.3% in November, driven by cement and electricity
Dec 31, 2024, at 11:49 pm
New Delhi: Growth in the output of eight key infrastructure industries, known as the core sector, rebounded to a four-month high of 4.3% year-on-year (Y-o-Y) in November, up from a revised 3.7% in October, despite a high base effect.
Dec 27, 2024, at 05:09 pm
New Delhi: India is evaluating a proposal to lower income taxes for individuals earning up to Rs 15 lakh annually in the February 2024 Budget, Reuters reported, citing sources.
Inflation for farm, rural workers dips in November; CPI indices rise slightly
Dec 23, 2024, at 11:59 pm
New Delhi: Retail inflation for agricultural and rural workers eased in November, with rates declining to 5.35% for agricultural labourers and 5.47% for rural labourers, compared to 5.96% and 6% in October, respectively.
India's foreign exchange falls to a six-month low of $652.87 billion
Dec 20, 2024, at 10:58 pm
New Delhi: India's foreign exchange reserves declined by nearly $2 billion, reaching a six-month low of $652.87 billion as of December 13, according to data released by the Reserve Bank of India (RBI) on Friday.
Dec 17, 2024, at 11:13 pm
New Delhi: Finance Minister Nirmala Sitharaman told the Lok Sabha on Tuesday that the government views the GDP growth slowdown in Q2FY25 as "a temporary blip" and expects improvement in the upcoming quarters.
Sitharaman bats for capex over free cash transfers to boost consumption
Dec 17, 2024, at 09:53 pm
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday asserted that capital expenditure (capex) is a more effective way to boost consumption than simply “putting money in the hands of the people,” media reports said.
Dec 16, 2024, at 11:58 am
Kolkata: Infosys co-founder NR Narayana Murthy defended his ‘70-hour work week’ remark at an event in Kolkata, emphasizing its importance in making India a global leader, according to an NDTV report.
India's retail inflation eases to 5.48% in November
Dec 12, 2024, at 08:32 pm
New Delhi: India's retail inflation moderated to 5.48% in November, retreating from October's breach of the Reserve Bank of India's (RBI) upper tolerance limit of 6%.
ADB lowers India's FY25 growth forecast to 6.5% from 7%
Dec 11, 2024, at 07:45 pm
New Delhi: The Asian Development Bank (ADB) on Wednesday revised its economic growth forecast for India, lowering it to 6.5% for the current financial year, down from the earlier estimate of 7%, media reports said.
RBI to announce key interest rate decision tomorrow morning as 3-day MPC ends
Dec 06, 2024, at 04:37 am
Mumbai: The Reserve Bank of India (RBI) is set to announce its interest rate decision on Friday morning following the conclusion of a three-day meeting of the Monetary Policy Committee (MPC), amid persistent inflation and sluggish GDP growth.
India's service PMI strong at 58.4 in Nov despite decade-high price surge
Dec 05, 2024, at 04:03 am
New Delhi: India's services sector maintained robust growth in November despite facing the sharpest price rise in over a decade, according to a business survey.
Declining wages in India hit economic growth
Nov 30, 2024, at 05:35 am
New Delhi: India witnessed a contraction in wages last quarter for the first time since the pandemic, slowing the economy as consumers reduced spending amid a corporate profit slump, reported Bloomberg News.
India's fiscal deficit reaches 46.5% of the FY25 target
Nov 30, 2024, at 02:00 am
New Delhi: India's fiscal deficit for the first seven months of the 2024-25 financial year reached 46.5% of the full-year target, according to data released by the Controller General of Accounts (CGA) on Friday.