india economy

Mumbai, March 10 A government-appointed high-level committee on banking for Viksit Bharat could examine issues such as consolidation among lenders and foreign investor voting caps, according to Karthik Srinivasan, senior vice president and group head - financial sector ratings at ICRA."The...

Mumbai, March 10 An escalating conflict in West Asia could pose downside risks to India's economic growth outlook if the conflict persists, according to a report by ICRA.The rating agency said it expects India's real GDP growth to be around 7.1 per cent in FY2027, slightly lower than the 7.6...

New Delhi, March 10 The government on Tuesday sought Parliament's approval to spend an additional net amount of Rs 2.01 lakh crore in the current fiscal year ending March 31, with a significant portion of the expenditure allocated to food and fertilizer subsidies.According to the second batch...

New Delhi, March 10 The government on Tuesday sought approval from the Lok Sabha for an additional expenditure of over Rs 2.81 lakh crore in the current fiscal year.The second batch of Supplementary Demands for Grants was presented in the Lok Sabha by Finance Minister Nirmala Sitharaman...

New Delhi, March 9 The Congress on Monday criticized the government over the implementation of the new Viksit Bharat – Guarantee for Rozgar and Ajeevika Mission (Gramin) Act, saying that details were still being finalized, and this was a perfect example of the Modi government's "FAST" approach...

New Delhi, March 09 India is well-positioned as the next global platform for consumer technology, driven by an expanding manufacturing base, stronger supply chain capabilities, and a shift toward aspirational, global-style preferences, which is reshaping demand in this "strategic market," Akis...

New Delhi, March 9 Opposition MPs, led by the Leader of the Opposition in the Lok Sabha, Rahul Gandhi, staged a protest in the Parliament complex on Monday, accusing Prime Minister Narendra Modi of maintaining "complete silence" on the ongoing Gulf conflict and its potential impact on India’s...

Union Minister for Commerce and Industry Piyush Goyal stated today that India has not compromised on its interests in any trade agreements.Speaking on the third and final day of the Raisina Dialogue 2026 in New Delhi, the Minister said that the government has protected India's national...

New Delhi, March 7 The Vedanta Group aims to increase the representation of women across all organizational levels to 35 per cent from the current 23 per cent.The company has also announced the launch of a nationwide campaign, #HerAtTheCore, and a LinkedIn-led hiring drive, inviting women to...

Commerce and Industry Minister Piyush Goyal highlighted the rapid growth of India's startup ecosystem in the defense and space sectors. He emphasized that this transformation is being driven by the country's MSMEs, which are integrating Indian innovation into global supply chains.Mr. Goyal was...

Bhubaneswar, March 6 Union Home Minister Amit Shah on Friday blamed the opposition BJD for the backwardness of Odisha, which has been ruled by the regional party for 24 years, and accused the Congress of indulging in "negative politics".Shah was addressing a public meeting here after launching...

Pune, March 6 The petroleum lobby, which has a vested interest in the import of fossil fuels worth Rs 22 lakh crore, will not easily allow the country's aim of shifting to alternative fuels, Union minister Nitin Gadkari said on Friday.Addressing the IFGE's compressed bio-gas conclave in Pune...

New Delhi, March 6 The legal review of the free trade agreement (FTA) text between India and the 27-nation European Union is likely to be completed by July this year, an official said.On January 27 this year, India and the EU announced the conclusion of negotiations for the free trade...

Commerce and Industry Minister Piyush Goyal stated today that the government will utilize all available policy tools and the export promotion mission to support the country's exporters. Speaking to the media in New Delhi about trade disruptions caused by the US-Israel and Iran conflicts, the...

New Delhi, March 6 – India is expected to contribute as much as 17 per cent to global real GDP growth in 2026, as it continues to be the world's fastest-growing major economy, according to the latest data compiled by the IMF.Among the other countries in the IMF's top 10 list, the USA is...

New Delhi, March 5 The Congress stated on Thursday that there are clear downward pressures on China's GDP growth, which are now structural in nature, but there is nothing for India to celebrate as its economy is much larger and the trade deficit with China is rising.Congress general secretary...

Mumbai, March 5 Corporate earnings in India could face downside risks if the ongoing Iran conflict persists for more than a few weeks, as higher oil and gas prices threaten to weigh on the economy and markets, according to a report by Kotak Institutional Equities."We expect some downside risk...

Mumbai, March 5 Maharashtra has recorded the slowest pace of economic growth among India's top four states in the past four years, even as it remains the country's largest state economy with a projected GSDP of Rs 42,67,771 crore in 2024-25.In the post-COVID period, the state's GSDP (Gross...

Mumbai, March 4 The conflict in the Middle East poses some immediate challenges for the Indian economy, but it is unlikely to significantly impact long-term economic growth, according to an external member of the RBI's rate-setting panel.Moving forward, there is a need for coordinated fiscal...

Washington, March 5 – Indian economist Krishnamurthy V. Subramanian has been awarded the University of Chicago’s Alumni Award for Professional Achievement. He is the first Indian economist to receive this honor in the award's 85-year history.Subramanian served as Chief Economic Advisor to the...