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Economy

Govt preps groundwork for talks to seal bilateral trade deal with US

The commerce department has initiated preliminary discussions with various government departments and ministries to gain a deeper understanding of sector-specific dynamics

Govt preps groundwork for talks to seal bilateral trade deal with US
Updated On : 20 Feb 2025 | 9:33 PM IST

'India to become high-income nation by 2047 on back of services sector'

By 2047, the services sector is projected to make up 60 per cent of India's GDP, while manufacturing will account for 32 per cent, both becoming crucial drivers of economic growth

'India to become high-income nation by 2047 on back of services sector'
Updated On : 20 Feb 2025 | 8:13 PM IST

Gujarat govt presents Rs 3.70 trillion Budget, no new tax proposed

Desai informed the House that the budget outlay of Rs 3,70,250 crore for 2025-26 indicates an increase of Rs 37,785 crore, or 11.3 per cent, compared to the previous fiscal

Gujarat govt presents Rs 3.70 trillion Budget, no new tax proposed
Updated On : 20 Feb 2025 | 6:11 PM IST

India's GDP growth rate to slow to 6.4% in 2025: Moody's Analytics

In its report titled 'Asia-Pacific Outlook: Chaos Ahead', Moody's Analytics said growth across the Asia-Pacific economy will slow in 2025 as trade tensions knock the region's fortunes

India's GDP growth rate to slow to 6.4% in 2025: Moody's Analytics
Updated On : 20 Feb 2025 | 5:45 PM IST

Govt removes caste, income restrictions for free coaching under PM-CARES

Originally launched during the Sixth Five-Year Plan, the free coaching scheme has undergone multiple revisions over the years to enhance its effectiveness

Govt removes caste, income restrictions for free coaching under PM-CARES
Updated On : 20 Feb 2025 | 5:25 PM IST

Rupee performed well due to strong forex reserves, says Piyush Goyal

He also said that a skill development centre and a startup incubation centre will come up at AURIC

Rupee performed well due to strong forex reserves, says Piyush Goyal
Updated On : 20 Feb 2025 | 2:54 PM IST

Tax audit is the forte of chartered accountants: ICAI President Nanda

The finance ministry has asked the chartered accountants' body to review the new Income Tax Bill 2025 and suggest improvements

Tax audit is the forte of chartered accountants: ICAI President Nanda
Updated On : 19 Feb 2025 | 11:54 PM IST
Updated On : 19 Feb 2025 | 11:45 PM IST

Union Budget balances fiscal and growth objectives, says RBI report

According to the report, the budget reaffirms the government's commitment to fiscal discipline while fostering inclusive, long-term economic growth in line with the vision of Viksit Bharat

Union Budget balances fiscal and growth objectives, says RBI report
Updated On : 19 Feb 2025 | 11:40 PM IST

Economy on recovery path, rate cut to boost demand, says RBI report

Commenting that economic momentum is poised to be sustained, the report said strong rural demand is expected to receive a further fillip from the robust performance of the agriculture sector

Economy on recovery path, rate cut to boost demand, says RBI report
Updated On : 19 Feb 2025 | 11:38 PM IST

US tariff hike may hit India's GDP growth by up to 0.6 pp: Goldman Sachs

This forecast considers various scenarios, including the US government's planned reciprocal tariffs in early April and the price elasticity of US demand for Indian exports

US tariff hike may hit India's GDP growth by up to 0.6 pp: Goldman Sachs
Updated On : 19 Feb 2025 | 11:24 PM IST

Govt faces an uphill task in providing social protections to gig workers

While Budget 2025 laid out plans to provide health insurance to gig and platform workers, awareness of government initiatives remains low among the target group

Govt faces an uphill task in providing social protections to gig workers
Updated On : 19 Feb 2025 | 10:24 PM IST

Sectoral growth, tech to power India's $23-35 trn 'Economic Vision': Report

By 2047, the services sector is expected to contribute 60 per cent of India's GDP, while manufacturing will account for 32 per cent

Sectoral growth, tech to power India's $23-35 trn 'Economic Vision': Report
Updated On : 20 Feb 2025 | 6:01 AM IST

US reciprocal tariffs to have limited impact on Indian economy: S&P

S&P believes that the government will meet its fiscal deficit target of 4.8%and 4.4% for the current and the next fiscal

US reciprocal tariffs to have limited impact on Indian economy: S&P
Updated On : 19 Feb 2025 | 1:52 PM IST

GDP growth during current fiscal estimated to be 6.3%: SBI research

The report said that a healthy rural economy is reinforcing stability and sustains momentum in other sectors

GDP growth during current fiscal estimated to be 6.3%: SBI research
Updated On : 19 Feb 2025 | 1:41 PM IST

Confident of Indian economy thriving in coming decades: Qatar's Amir

Highlighting the importance of renewable energy cooperation, the Amir underscored its role in shaping future strategies between the two nations

Confident of Indian economy thriving in coming decades: Qatar's Amir
Updated On : 19 Feb 2025 | 7:37 AM IST

India's GDP growth likely rebounded to around 6.4% in Q3FY25: Poll

Poll of 12 forecasters shows pickup in rural demand, govt capex

India's GDP growth likely rebounded to around 6.4% in Q3FY25: Poll
Updated On : 18 Feb 2025 | 11:39 PM IST

Urban unemployment rate unchanged at 6.4% in Q3FY25, shows PLFS data

Female jobless rate improved to 8.1% in Q3: PLFS data

Urban unemployment rate unchanged at 6.4% in Q3FY25, shows PLFS data
Updated On : 18 Feb 2025 | 11:34 PM IST

Corporate bond yields continue to harden despite RBI's repo rate cut

SBI, PNB, BoI expected to tap market for fund raise

Corporate bond yields continue to harden despite RBI's repo rate cut
Updated On : 18 Feb 2025 | 11:31 PM IST

Proteins vs beverages: Gnawing spending gaps in some states, shows data

The gaps in urban areas were even wider, with urban Gujarat spending ₹17 and urban Punjab ₹12 on beverages and processed foods for every ₹1 spent on eggs, fish and meat

Proteins vs beverages: Gnawing spending gaps in some states, shows data
Updated On : 18 Feb 2025 | 11:20 PM IST