india economy

New Delhi, March 30 ICRA said on Monday that it estimates India's GDP growth to moderate to 6.5 per cent in 2026-27, from 7.6 per cent in the current fiscal year, due to the adverse impact of high energy prices and concerns about energy availability amid the West Asia conflict.The growth...

Electronics and IT Minister Ashwini Vaishnaw handed over approvals to companies under the Electronics Component Manufacturing Scheme (ECMS) in New Delhi today. A total of 29 applications have been approved, with an investment of over seven hundred and one crore rupees. This is expected to create...

New Delhi, March 30 The Centre's fiscal deficit stood at Rs 12.52 lakh crore at the end of February, or 80.4 per cent of the annual budget target for 2025-26, compared to 85.8 per cent in the previous year, according to government data released on Monday.The central government estimates the...

New Delhi, March 30 India's industrial production grew by 5.2 per cent in February, mainly due to improvements in the manufacturing sector, according to official data released on Monday.Factory output, measured by the Index of Industrial Production (IIP), increased by 2.7 per cent in February...

New Delhi, March 29 Global optics and optoelectronics major ZEISS is betting big on India, one of its top three fastest-growing markets for vision products, with the country's expanding youth population driving demand not just for basic but also for higher-quality options, according to senior...

New Delhi, March 28 – Chief Economic Advisor V. Anantha Nageswaran said on Saturday that, given the considerable impact of the West Asia conflict on India’s economy, the country should leverage the fallout to redouble its recent reform efforts to enhance India’s competitiveness and preparedness...

Home Minister Amit Shah stated that despite global disruptions caused by tensions in the Middle East, daily life in India has remained unaffected, and the country has effectively managed the crisis.Speaking at a summit organized by a private media outlet in New Delhi last evening, the Home...

Mumbai, March 27 The Reserve Bank on Friday fixed the limit for Ways and Means Advances (WMA) for the first half of 2026-27 at ₹2.5 lakh crore to help the central government meet any temporary mismatch in receipts and payments.The Reserve Bank of India may initiate fresh issuance of market...

March 27, New Delhi: India's Finance Minister Nirmala Sitharaman, while presenting the Finance Bill in the Rajya Sabha, stated that the reform momentum remains strong, with the aim of making India a vibrant and economically prosperous nation. She emphasized inclusivity, ensuring that all...

New Delhi, March 27 There is no possibility of imposing a lockdown in the country, Finance Minister Nirmala Sitharaman said in the Rajya Sabha on Friday, and indicated raising additional resources to compensate for the shortfall arising from the excise duty cut on diesel and petrol.She also...

New Delhi, March 27 Union Finance Minister Nirmala Sitharaman said on Friday that the Centre's decision to reduce excise duty on petrol and diesel by Rs 10 was aimed at protecting citizens from the impact of rising global crude oil prices, asserting that the government has chosen to absorb the...

New Delhi, March 27 – Union Minister Pralhad Joshi on Friday described the opposition's behavior in Parliament as "most unfortunate," accusing the Congress and other parties of acting irresponsibly at a time when the world is grappling with economic challenges, particularly rising crude oil...

New Delhi, March 27 A reduction in excise duty on petrol and diesel by ₹10 per litre, and an increase in export duty on ATF and diesel, will result in a net revenue loss of ₹5,500 crore in two weeks, a top official said on Friday.Chairman of the Central Board of Indirect Taxes and Customs...

New Delhi, March 27 – The reduction in excise duty on petrol and diesel is aimed at the upcoming assembly elections in four states, not because the government cares about consumers, TMC Rajya Sabha member Saket Gokhale said.Participating in a discussion on the Finance Bill 2026 in the Upper...

Mumbai, March 27 The rupee plunged by 86 paise to close at another all-time low of 94.82 (provisional) against the US dollar on Friday, weighed down by high oil prices and a stronger dollar amid uncertainty over the West Asia conflict.A sharp decline in the domestic equity markets and...

New Delhi, March 27 – The Congress party on Friday accused the government of reducing excise duties on petrol and diesel due to upcoming assembly elections, pointing out that consumer prices in India have not decreased even when global crude oil prices have fallen on seven different occasions in...

New Delhi, March 27 – The Congress party on Friday accused the government of reducing excise duties on petrol and diesel due to upcoming state assembly elections, pointing out that consumer prices in India have not decreased even when global crude oil prices have fallen on seven separate...

Union Finance Minister Nirmala Sitharaman stated today that the government is ensuring that there will be no price increases for petrol, diesel, and Aviation Turbine Fuel (ATF). Speaking to the media in New Delhi, Ms. Sitharaman said that, considering the situation in West Asia, the Prime...

The central government has reduced the central excise duty on petrol and diesel by 10 rupees per litre for domestic consumption. In a social media post, Union Finance Minister Nirmala Sitharaman stated that this decision was taken in light of the crisis in West Asia. She explained that this move...

New Delhi, March 27 Union Home Minister Amit Shah on Friday said the central government's decision to cut excise duty on fuel when prices are soaring globally reflects its people-centric governance and decision-making based on sensitivity.In a post on X, Shah wrote, "As the world is grappling...