india economy

Lucknow, April 11 – Defence Minister Rajnath Singh said on Saturday that despite global geopolitical challenges, India remains one of the world's fastest-growing major economies today.Speaking at an event in Lucknow, he said that the vision of building "Viksit Bharat@2047" can only be achieved...

New Delhi, April 10 A key government scheme for processing critical minerals is at an advanced stage of finalization, Mines Secretary Piyush Goyal said on Friday, as India races to secure its supply chain amid global competition for lithium and other vital resources needed for clean energy and...

Mumbai, April 10 The conflict in West Asia may impact India's remittance flow, as one-third of the inflows from the diaspora come from Gulf Cooperation Council countries, according to Crisil Ratings on Friday.The current account deficit can be adversely affected due to a reduction in the...

April 09, New Delhi – The World Bank has revised India's growth forecast from 6.3 percent to 6.6 percent for the current fiscal year, citing strong domestic demand and free trade agreements.In its latest report, the World Bank expects India to remain the primary engine of growth in South Asia...

In New Delhi, on April 9, India's online retail market reached a new high, with gross merchandise value (GMV) reaching nearly USD 65-66 billion, representing a 19-21% increase in value terms. This growth was reported in a Bain & Company report, in collaboration with Flipkart.The report, titled...

Washington, April 9 – India’s economy is maintaining strong growth momentum, driven by robust domestic demand, resilient services exports, and sustained reforms, the World Bank said in its latest report.Growth is estimated at 7.6 per cent in the fiscal year 2025-26, higher than earlier...

Mumbai, April 8 Bankers described the Reserve Bank's decision to maintain interest rates in its policy review on Wednesday as a prudent and well-calculated measure.Specific measures for individual sectors, such as the removal of the Investment Fluctuation Reserve requirement and easing of CRAR...

Mumbai, April 8 Reserve Bank Governor Sanjay Malhotra expressed confidence on Wednesday that interest rates will remain low in the medium to long term, given the benign inflationary conditions.Addressing the media at a post-monetary policy conference, Malhotra said the Indian economy is very...

Mumbai, April 8 The relative attractiveness of India as an investment destination is likely to improve this year due to various factors, such as strong macroeconomic fundamentals and attractive valuations, Reserve Bank Deputy Governor Poonam Gupta said on Wednesday.The Reserve Bank of India...

New Delhi, April 8 Women borrowers in India hold a credit portfolio of ₹76 lakh crore, which represents 26 per cent of the total system credit as of 2025, and marks a 4.8 times increase since 2017, according to a NITI Aayog report.The Aayog, in the report titled 'From Borrowers to Builders...

In Kolkata, on April 8, S. Mahendra Dev, Chairman of the Prime Minister's Economic Advisory Council (EAC-PM), stated that the Indian Rupee is expected to stabilize around the 92-93 level against the US dollar. He expressed optimism that foreign investment flows would improve in the near future...

Mumbai, April 8 Reserve Bank Governor Sanjay Malhotra on Wednesday termed the ceasefire between the US and Iran as "pleasant news," which was taken into account while making the policy decision hours later."At 5:30 am, we received some pleasant news, perhaps not entirely unexpected," Malhotra...

Mumbai, April 8 The benchmark indices Sensex and Nifty ended nearly 4 per cent higher on Wednesday, following a strong rally in global markets and a drop in crude oil prices, after the US and Iran announced a two-week ceasefire.For the fifth day in a row, the 30-share BSE Sensex jumped...

April 08, New Delhi: The Reserve Bank of India announced its latest monetary policy decision on Wednesday. The Monetary Policy Committee, led by RBI Governor Sanjay Malhotra, has maintained the repo rate at 5.25 percent, while maintaining a "neutral" policy stance.This decision comes amid...

The Reserve Bank of India has maintained interest rates at 5.25 percent. Announcing the first bi-monthly monetary policy for the current fiscal, RBI Governor Sanjay Malhotra stated that the Monetary Policy Committee has unanimously decided to keep the repo rate at 5.25 percent with a neutral...

New Delhi, April 8 – The Pradhan Mantri MUDRA Yojana (PMMY), the flagship program of the Modi government, has completed 11 years of operation, aimed at funding "unfunded" micro enterprises, small businesses, and setting the stage for their growth.Since its inception on this day in 2015, the...

Mumbai, April 8 – The Reserve Bank of India maintained its key policy rate unchanged on Wednesday, adopting a cautious approach while assessing the impact of the six-week Iran conflict on energy supplies, inflation, and economic growth.The central bank's Monetary Policy Committee voted...

Mumbai, April 8 Indian bond yields eased by around 0.12 percent on Wednesday, following the conditional two-week ceasefire between the US and Iran, while the Reserve Bank of India (RBI) kept policy rates unchanged.The yield on the 10-year benchmark bond, GS 2035 at 6.48 percent, fell to 6.92...

Mumbai, April 7 Veteran of the finance industry, Uday Kotak, cautioned on Tuesday that the conflict in West Asia, triggered by the US-Israel attack on Iran's port, portends a return of colonialism.Kotak, a non-independent director and founder of the private sector lender, Kotak Mahindra Bank...

Finance Minister Nirmala Sitharaman stated today that India's tax system has evolved towards simplification, technology, trust, and transparency, which are strengthening fiscal capacity. Addressing the Golden Jubilee celebrations of the National Institute of Public Finance and Policy in New...