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News   -   Dec 06, 2024 RBI Projects 6.6% Real GDP Growth for FY25 despite industrial slowdown
RBI Projects 6.6% Real GDP Growth for FY25 despite industrial slowdown

The Reserve Bank of India (RBI) has forecasted a 6.6% real GDP growth for FY25, with third-quarter growth at 6.8% and fourth-quarter growth at 7.2%. The first quarter of 2025-26 is expected to see growth of 6.9%, while the second quarter may reach 7.3%. Despite

by Amal Anzari
News   -   Dec 04, 2024 India-US Trade to Increase Under Trump
India-US Trade to Increase Under Trump

According to NITI Aayog (Indian policy think tank) chief, BVR Subrahmanyam, India will have enormous export prospects as a result of US President-elect Donald Trump's promise to slap heavy tariffs on three of its trading partners, including China, and the domestic sector should get ready to take advantage

by Daanish Narayan
News   -   Dec 02, 2024 Government Scraps Windfall Tax
Government Scraps Windfall Tax

Following a drop in global oil prices, the government eliminated the 30-month-old windfall profit tax on locally produced crude oil as well as on the export of jet fuel (ATF), diesel and petrol.

by Daanish Narayan
News   -   Nov 29, 2024 GDP Growth Slows to 5.4% in Q2 FY25, Lowest Since Q3 FY23
GDP Growth Slows to 5.4% in Q2 FY25, Lowest Since Q3 FY23

India's gross domestic product (GDP) growth fell to 5.4% in the July-September quarter, its lowest since Q3 FY23, according to the National Statistics Office (NSO). This marked a sharp decline from 8.1% in the same period last year. Economists had expected 6.5%, but the economy

by Amal Anzari
News   -   Nov 29, 2024 Fiscal Deficit Hits 46.5% of Annual Target by October
Fiscal Deficit Hits 46.5% of Annual Target by October

The Centre's fiscal deficit for April-October 2024 reached 46.5% of the full-year target, totalling ₹7,50,824 crore ($90.2 billion), according to data from the Controller General of Accounts (CGA). This marks a slight increase from 45% during the same period last year. The government aims

by Amal Anzari
News   -   Nov 29, 2024 Core Sector Output Rises to 3.1% in October
Core Sector Output Rises to 3.1% in October

India's eight core industries recorded a 3.1% growth in October 2024, up from 2% in September, according to government data. Coal production increased by 7.8%, while crude oil and natural gas output declined by 4.8% and 1.2%, respectively. Petroleum refinery production, which constitutes 28.

by Amal Anzari
News   -   Nov 28, 2024 India-Japan Dialogue on Economic Security
India-Japan Dialogue on Economic Security

The first round of the India-Japan Dialogue on Economic Security, including Strategic Trade and Technology, took place in Tokyo, co-chaired by Foreign Secretary Vikram Misri and Japan’s Vice Minister of Foreign Affairs Masataka Okano. Discussions centred on building resilient supply chains, safeguarding economic interests, and advancing partnerships in critical

by Amal Anzari
News   -   Nov 14, 2024 India’s October Exports Surge by 17%
India’s October Exports Surge by 17%

India's goods exports rose by 17.25% to $39.2 billion in October, marking the highest monthly tally in recent times, while imports reached $66.34 billion, a 3.9% increase from last year. From April to October, non-petroleum exports set a new high at $211.3 billion,

by Amal Anzari
RBI Projects 6.6% Real GDP Growth for FY25 despite industrial slowdown
News   -   Dec 06, 2024 RBI Projects 6.6% Real GDP Growth for FY25 despite industrial slowdown

The Reserve Bank of India (RBI) has forecasted a 6.6% real GDP growth for FY25, with third-quarter growth at 6.8% and fourth-quarter growth at 7.2%. The first quarter of 2025-26 is expected to see growth of 6.9%, while the second quarter may reach 7.3%. Despite

by Amal Anzari
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Economy Articles 80 Articles
News   -   Dec 06, 2024 RBI Projects 6.6% Real GDP Growth for FY25 despite industrial slowdown
RBI Projects 6.6% Real GDP Growth for FY25 despite industrial slowdown

The Reserve Bank of India (RBI) has forecasted a 6.6% real GDP growth for FY25, with third-quarter growth at 6.8% and fourth-quarter growth at 7.2%. The first quarter of 2025-26 is expected to see growth of 6.9%, while the second quarter may reach 7.3%. Despite

by Amal Anzari
News   -   Dec 04, 2024 India-US Trade to Increase Under Trump
India-US Trade to Increase Under Trump

According to NITI Aayog (Indian policy think tank) chief, BVR Subrahmanyam, India will have enormous export prospects as a result of US President-elect Donald Trump's promise to slap heavy tariffs on three of its trading partners, including China, and the domestic sector should get ready to take advantage

by Daanish Narayan
News   -   Dec 02, 2024 Government Scraps Windfall Tax
Government Scraps Windfall Tax

Following a drop in global oil prices, the government eliminated the 30-month-old windfall profit tax on locally produced crude oil as well as on the export of jet fuel (ATF), diesel and petrol.

by Daanish Narayan
News   -   Nov 29, 2024 GDP Growth Slows to 5.4% in Q2 FY25, Lowest Since Q3 FY23
GDP Growth Slows to 5.4% in Q2 FY25, Lowest Since Q3 FY23

India's gross domestic product (GDP) growth fell to 5.4% in the July-September quarter, its lowest since Q3 FY23, according to the National Statistics Office (NSO). This marked a sharp decline from 8.1% in the same period last year. Economists had expected 6.5%, but the economy

by Amal Anzari
News   -   Nov 29, 2024 Fiscal Deficit Hits 46.5% of Annual Target by October
Fiscal Deficit Hits 46.5% of Annual Target by October

The Centre's fiscal deficit for April-October 2024 reached 46.5% of the full-year target, totalling ₹7,50,824 crore ($90.2 billion), according to data from the Controller General of Accounts (CGA). This marks a slight increase from 45% during the same period last year. The government aims

by Amal Anzari
News   -   Nov 29, 2024 Core Sector Output Rises to 3.1% in October
Core Sector Output Rises to 3.1% in October

India's eight core industries recorded a 3.1% growth in October 2024, up from 2% in September, according to government data. Coal production increased by 7.8%, while crude oil and natural gas output declined by 4.8% and 1.2%, respectively. Petroleum refinery production, which constitutes 28.

by Amal Anzari
News   -   Nov 28, 2024 India-Japan Dialogue on Economic Security
India-Japan Dialogue on Economic Security

The first round of the India-Japan Dialogue on Economic Security, including Strategic Trade and Technology, took place in Tokyo, co-chaired by Foreign Secretary Vikram Misri and Japan’s Vice Minister of Foreign Affairs Masataka Okano. Discussions centred on building resilient supply chains, safeguarding economic interests, and advancing partnerships in critical

by Amal Anzari
News   -   Nov 14, 2024 India’s October Exports Surge by 17%
India’s October Exports Surge by 17%

India's goods exports rose by 17.25% to $39.2 billion in October, marking the highest monthly tally in recent times, while imports reached $66.34 billion, a 3.9% increase from last year. From April to October, non-petroleum exports set a new high at $211.3 billion,

by Amal Anzari
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News   -   Jan 15, 2025 Pixxel Sends Three Hyperspectral Satellites into Orbit with SpaceX
Pixxel Sends Three Hyperspectral Satellites into Orbit with SpaceX

Bengaluru-based startup Pixxel announced the launch of three of the world's highest-resolution commercial hyperspectral satellites from the Vandenberg Space Force Base in California on Wednesday. The Firefly constellation satellites were integrated via Exolaunch and launched aboard the Transporter-12 rideshare mission with SpaceX. The launch took place around 1

by PTI
News   -   Jan 15, 2025 GOP Lawmaker Warns Adani Case Could Harm US-India Relations
GOP Lawmaker Warns Adani Case Could Harm US-India Relations

A Republican lawmaker has asked the US Department of Justice to preserve all records in connection with the "selective prosecution" of billionaire industrialist Gautam Adani and his group of companies by the Biden administration. The demand comes less than a week before the Donald Trump administration takes office.

by PTI
News   -   Jan 15, 2025 Delhi Excise Case: Home Ministry Approves Prosecution of Kejriwal
Delhi Excise Case: Home Ministry Approves Prosecution of Kejriwal

The Union Home Ministry has granted sanction to the Enforcement Directorate to prosecute former Delhi chief minister and AAP national convenor Arvind Kejriwal in the excise policy linked money laundering case, officials said. The federal agency has filed a chargesheet against the 56-year-old politician before a special Prevention of Money

by PTI
News   -   Jan 15, 2025 Armed Forces' Welfare a Govt Priority, says PM Modi
Armed Forces' Welfare a Govt Priority, says PM Modi

Prime Minister Narendra Modi on Wednesday lauded the Indian Army for its determination, professionalism and dedication, and underlined his government's commitment to the welfare of armed forces and their families. In posts on X on Army Day, he said, "Today, on Army Day, we salute the unwavering

by PTI
News   -   Jan 15, 2025 Odisha Eyes Greenfield Steel Plant Deal in Keonjhar
Odisha Eyes Greenfield Steel Plant Deal in Keonjhar

Odisha Chief Minister Mohan Charan Majhi on Tuesday said he is hopeful that the MoU for establishment of a "mega" steel plant in mineral-rich Keonjhar district would be signed during a business conclave in the state on January 28-29. Majhi said he is focusing on signing of the

by PTI
News   -   Jan 15, 2025 Singapore President Arrives in Delhi for Five-Day Visit
Singapore President Arrives in Delhi for Five-Day Visit

President of Singapore Tharman Shanmugaratnam arrived here on Tuesday night on a five-day visit that aims to further boost bilateral ties in a range of areas. Shanmugaratnam, accompanied by a high-level delegation, was received at the airport by Union Minister Jitin Prasada. It is his first visit to India as

by PTI
News   -   Jan 15, 2025 Jaishankar Discusses Bilateral Progress with Spanish Leaders in Madrid
Jaishankar Discusses Bilateral Progress with Spanish Leaders in Madrid

External Affairs Minister S Jaishankar on Tuesday called on Spanish President Pedro Sanchez and reiterated the "long-standing" India-Spain partnership, updating him on the progress in bilateral cooperation. Separately, he also called on the King of Spain Felipe VI. Jaishankar arrived in Spain on Monday for a two-day official

by PTI
News   -   Jan 15, 2025 Fog Disrupts Dialy Life in the National Capital
Fog Disrupts Dialy Life in the National Capital

A thick layer of very dense fog covered New Delhi on Wednesday morning. The national capital's air quality fell into the "very poor" range. The Central Pollution Control Board reports that at 7 a.m. today, the AQI was measured at 344 in Delhi. It was

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