Virmani, who had earlier predicted a GDP growth in the range of 6.5-7.5 per cent, adjusted the projection to 6.5-7 per cent now with high probability of it being sub-7 per cent
The latest downgrade reflects ongoing economic challenges in the country, although the IMF did not provide specific reasons for the revision
These two metrics, while similar on the surface, provide different perspectives on economic health and growth trends
Cargoes must be loaded before Jan 10 to evade sanction laws: Treasury Dept
Under the proposed rules, 18 countries -- including close US allies such as the UK, Canada, Germany, Japan, and South Korea -- will enjoy unrestricted access to chips for verified companies
Banks reluctant to lend in money markets amid tight liquidity conditions
"Growth in India had slowed more than expected, led by a sharper-than-expected deceleration in industrial activity"
India's shipments to 4 of top 10 destinations declined
Union minister of information and broadcasting Ashwini Vaishnaw said that with this revival package, many of the legacy problems that RINL used to face will be resolved
A major hurdles in the way of talks has been EU's stance on sustainable development, since trade bloc is set to implement regulations such as CBAM, deforestation regulation law, and supply chain law
As of January 2025, India's fiscal deficit for FY25 is projected at 4.9 per cent of GDP, amounting to approximately Rs 16.1 trillion
Foreign currency assets fell by $9.5 billion, while the value of gold reserves went up by $792 million
RBI Bulletin said, the headline inflation eased for the second successive month in December, although the stickiness in food inflation warrants careful monitoring of second order effects
The official said that 59 plants in different sectors including medicine, packaging material, engineering, textile manufacturing and food processing are running in Indore SEZ spread over 572 hectares
For the week ended January 10, foreign currency assets, a major component of the reserves, decreased by $ 9.469 billion to $ 536.011 billion, the data released on Friday showed
In the last ten years, between January 2015 and 2025, the INR has weakened by 41.3 per cent against the US dollar, falling from Rs 61.4 to Rs 86.7, the Global Trade Research Initiative (GTRI) said
The rupee's depreciation bias is likely to persist next week, with the focus squarely on any policy changes announced by Trump, especially about trade tariffs, said Dilip Parmar, a foreign exchanger
The deceleration is underpinned by a long-term moderation in credit growth, foreign direct investment, export competitiveness and earnings potential, UBS said
Prime Minister Narendra Modi's "Make in India" campaign has also got lost somewhere in the labyrinths of this bureaucratic maze
In theory, sectors with low import dependence, like textiles, should gain the most from a weaker rupee, while high-import sectors like electronics should benefit the least