Economy & Policy News

From scarce dollars to global buffers: Has India outgrown its 1991 crisis?

Thirty-five years after the 1991 crisis, India's external sector is far stronger. But have larger reserves, stronger exports, and reforms eliminated the risk of another balance-of-payments crisis?

Indian banks have raised $32 billion under dollar-inflow schemes: RBI Guv

Most of the $32 billion raised so far has come from the foreign currency non-resident deposit scheme, Malhotra said

35 years of liberalisation: Which sectors emerged as biggest winners?

India's economic reforms changed the course of industries from IT and pharma to retail and aviation. Here's a look at the biggest winners and the challenges that continue today

From Vizag to Surat: Non-metro cities are driving India's jobs boom

Lower costs, infrastructure investments, GCC expansion and changing workforce preferences are turning India's tier-2 and tier-3 cities into the country's fastest-growing employment hubs

From scarcity to scale: How the 1991 reforms transformed India's economy

Thirty-five years after the landmark reforms of 1991, the numbers show how India's economy, businesses and households have changed - and why the next phase of reforms will matter just as much

No plan to adjust Budget numbers yet, says FM Nirmala Sitharaman

FM Nirmala Sitharaman says the government has adequate fiscal buffers to tackle risks from the West Asia conflict and sees no need to revise Budget estimates

US tariff plan wakes up Indian pharma to diversify, innovate: Experts

Industry leaders say proposed US tariffs on generic drugs should push Indian pharma to diversify exports, boost innovation and reduce dependence on the US market

Statsguru: Mobile phone exports thrive, but domestic value addition lags

India's electronics production is rising rapidly, but growing dependence on imported components continues to limit domestic value addition and widen the trade deficit

India's digital trade dilemma deepens after WTO duty moratorium lapses

With the WTO moratorium on electronic transmissions having lapsed, India must weigh tariff flexibility against its growing stake in open, predictable digital trade

MCE-linked capital expenditure likely to reach ₹10 trillion by 2030

India's annual capex in mining and construction equipment-linked sectors is projected to nearly double to ₹10 trillion by 2030, driven by infrastructure and industrial investments

Trade talks with US helped secure lower tier of additional tariff: Govt

The commerce ministry said negotiations with the US helped place India in the lower tier of additional tariffs, with exemptions covering about 45 per cent of exports

45% of India's exports to US out of Section 301's 10% tariff net: Govt

The Centre said 45% of India's exports to the US remain outside the new 10% Section 301 duty. India was placed in the lower tariff tier after USTR cut the proposed levy from 12.5%

US slaps 10% tariff on India under Sec 301 probe linked to forced labour

The new tariff announcement on Friday comes as Washington's baseline tariff of 10 per cent for all trading partners expires

India's private sector activity fell to 4-year low in July: Flash PMI

Business activity weakened as sales and output growth moderated while inflationary pressures intensified amid renewed tensions in West Asia

FM Sitharaman nudges I-T authorities to speed up appeal disposals

Finance Minister Nirmala Sitharaman said the tax department must strengthen litigation management and prevent disputes as over 5.4 lakh first appeals remain pending

India's forex reserves rise to $676.24 bn on higher foreign currency assets

The country's foreign exchange reserves increased by $1.08 billion in the week ended July 17 as gains in foreign currency assets offset a decline in gold reserves

US' 10% tariff to raise landed cost of Indian products, says FIEO

The United States has imposed a 10 per cent tariff on goods imported from India and 16 other countries as part of its efforts to combat the use of forced labour in the production of such items

Foreign firms rent 105 mn sq ft space since 2022 to establish GCCs in India

There were more than 2,100 GCCs in India at the end of 2025 and the number is projected to grow at over 4,000 centres by 2030, as per the report

Allowing Chinese firms in power bids to address supply gap: CEA official

CEA said the decision to allow four Chinese power equipment manufacturers to bid for projects was taken consciously to ease supply constraints in critical equipment

Half a lifetime after the 1991 reforms: Lotuses bloom in muddy waters

Thirty-five years after the 1991 reforms, India has grown dramatically but unfinished reforms, weak public services and job creation remain major challenges