Page 5 - Indian Economy

Govt prepares city logistics plan for Delhi, Bengaluru to tackle pollution

Thakur noted that the plan aligns with the government's Ease of Doing Business (EoDB) agenda and India's goal of achieving carbon Net Zero by 2070

Inflation other than in food sector is not a challenge: Ajay Seth

Economic affairs secy refuses to comment on rate cut, saying 'that's a monetary policy action'

India's REER in FY24 lower than consistent levels, says RBI Bulletin

In October 2024, the rupee appreciated by 1.8 per cent month-on-month (M-o-M) in terms of the 40-currency REER

Gross FDI in India rises 25.7% in H1FY25; net FDI moderates to $3.6 bn

With rising global investments in artificial intelligence start-ups, India is well-positioned to leverage its rapidly growing AI ecosystem to attract further investments and stimulate innovation

TOP, precious metals accounted for 1/3rd of Oct inflation: CEA Nageswaran

Premature to say slowdown in urban consumption going to persistent

Posco chases India dream again, thanks to IBC and rising steel capacity

The location of the new plant is not yet final, but Odisha is an option. If that happens, Posco's two-decade-long journey in India will have come full circle

Jaishankar, China FM agree to resume boundary talks, discuss direct flights

India and China to resume special representative-level talks on boundary issues, focus on stabilising ties and direct flights

NextGen CEOs to focus on innovation and inclusion to build Viksit Bharat

During a panel discussion on young leadership at the 11th SBI Banking and Economics Conference, young CEOs explored strategies to future-proof Indian enterprises

India's smartphone exports surpasses $2 bn mark in Oct, sets new record

In 7 months of FY25, total outbound shipments breach $10 bn on the back of iPhones

FM Sitharaman responds to X user seeking tax relief for middle class

Finance Minister Nirmala Sitharaman on Sunday responded to an X user seeking tax relief for the middle class, saying the Prime Minister Narendra Modi-led government attends to people's concerns. "PM @narendramodi's government is a responsive government. Listens and attends to people's voices. Thanks once again for your understanding. Your input is valuable," Sitharaman replied to the user on X. The user had posted: "I humbly request you to consider providing some relief for the middle class. I understand the immense challenges involved, but it's just a heartfelt request." Sitharaman also said, "I recognise and appreciate your concern.

India's economy strong, inflation moderating, says RBI Governor Das

Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said that the Indian economy and financial sector are well placed to handle any kind of spillovers from global events. The country's external sector is also strong and our current account deficit has remained within manageable limits and stood at 1.1 per cent. "Today, the growth of the Indian economy presents a picture of stability and strength," he said, while addressing a programme as part of the launch of the Kochi International Foundation here. Earlier, in 2010 and 2011 it was in the range of six to seven per cent, he pointed out. Das also cited that India has one of the largest foreign exchange reserves in the world at about USD 675 billion. On inflation, the RBI Governor said, "it is expected to be moderate despite periodic humps," India's inflation rose to 6.2 per cent in October from 5.5 per cent in September because of food inflation. He compared inflation to an elephant in the room. "Now the elephant has

With huge infra, India becomes biggest lab in digital world: NITI Aayog CEO

Backed by huge digital infrastructure, India has become the biggest laboratory in the digital world where one can experiment at a scale, NITI Aayog CEO BVR Subrahmanyam said on Friday. In his keynote address at Indian School of Business (ISB) here, he said the country is expected to become a USD 30 trillion economy by 2047 surpassing the present size of US and Chinese economies. According to him, though one university and two colleges were opened every week in the past ten years, only 29 per cent of the age cohort enroll in the varsities. India has become the biggest laboratory in the digital world. A laboratory where you can experiment at a scale, which is impossible and inconceivable anywhere else, probably except the United States. Maybe we even leapfrog them for a variety of reasons, he said. Subrahmanyam said India has created a huge architecture called digital public infrastructure by going the public route rather than the private. The official further said, Estonia was the

Moody's says Indian economy in 'sweet spot,' predicts 2024 growth of 7.2%

India's real GDP expanded 6.7 per cent year-on-year in the June quarter of 2024, driven by a revival in household consumption, robust investment, and strong manufacturing activity

Nigeria, Guyana visits: Stronger oil trade tops PM Narendra Modi's agenda

Nigeria among India's top crude suppliers; OVL eyes offshore Guyanese blocks

CLSA does U-turn on China, ups India exposure after Donald Trump win

Reverses overweight; India once again biggest OW in Asia-Pac portfolio

Moody's says Indian economy in sweet spot, forecasts 7.2% growth in 2024

Indian economy is in a sweet spot, with a mix of solid growth and moderating inflation, Moody's Ratings said, forecasting a 7.2 per cent GDP growth in the 2024 calendar year and 6.6 per cent in the next. In its Global Macro Outlook 2025-26, the rating agency said the global economy has shown remarkable resilience in bouncing back from supply chain disruptions during the pandemic, an energy and food crisis after the Russia-Ukraine war began, high inflation and consequent monetary policy tightening. "Most G-20 economies will experience steady growth and continue to benefit from policy easing and supportive commodity prices," it said. However, post-election changes in US domestic and international policies could potentially accelerate global economic fragmentation, complicating ongoing stabilisation. The aggregate and net effects of trade, fiscal, immigration and regulatory policy changes will expand the range of outcomes for countries and sectors. On India, Moody's said the real GDP

US crude production may rise and ease prices, says Hardeep Singh Puri

Government hoping to pass Oilfield Amendment Bill in upcoming winter session of Parliament, oil minister says

India's merchandise exports surge 17% in Oct, fastest pace in 28 months

Trade deficit widens to $27 bn as imports hit a high

Rupee settles at new low of 84.41 as US dollar strengthens, FII outflows

The dollar index rose to 106.66 per cent on Thursday post the US CPI data. Dollar index measures the strength of the greenback against a basket of six major currencies

WPI inflation hits 4-month high of 2.36% in October on food price spike

The latest WPI data comes days after Consumer Price Index data showed retail inflation hit a 14-month high of 6.2 per cent, also spurred by a rise in food prices