Economy

India entering new industrial era driven by AI, says Ashwini Vaishnaw

Ashwini Vaishnaw outlines the nation's global ambi­tions in AI

Tracking the shift: Urban local govts see a 230% rise in grant allocations

While the 16th FC has set a new record in allotting funds for ULGs, its counterparts in states continue to struggle. Archis Mohan writes

India Inc's bold investment push crucial for Viksit Bharat: PM Modi

These FTAs are tools to ensure that our youth are not just suppliers to the domestic market but active participants in global trade and growth, says PM Modi

Phase out universal subsidies, target benefits better: ADB-PwC study

ADB-PwC study urges India to phase out universal subsidies, tighten Aadhaar-linked targeting and audits, and improve fiscal efficiency without hurting stability

Behind the handshake: Tariff cuts in FTAs may cost India ₹1 trn in FY27

India's customs duty forgone due to FTAs could cross ₹1 trillion in FY27, with Asean accounting for the largest share, Budget documents show

Got India's commitment to stop buying Russian oil: US Secretary of State

US President Donald Trump, while announcing a trade deal with New Delhi early in February, claimed India had agreed to not procure crude oil from Russia

India-UK free trade pact likely to be implemented in April: Report

The two countries have also signed the Double Contributions Convention (DCC) pact to ensure temporary workers would not have to duplicate social levies in either country

US interim trade deal opens door for tractor exports: Escorts Kubota CFO

Under its 2030 mid-term business plan, Kubota Corporation stated that while aiming to capture high-growth markets, it will leverage India as a global hub for R&D, procurement and production

Cabinet nod to multi-tracking projects will reduce logistical cost: PM

The Union Cabinet had met on Friday evening where multiple decisions were taken on infrastructure projects

India-US ITA to cover energy needs, ensure competitive crude prices: Goyal

He said the proposed $500 billion trade would include India's energy requirements, such as crude oil, LNG and LPG

India's AI Moment: Global South needs to set rules, not just host summit

India's opportunity is to show that responsible AI development is not a brake on growth, rather an advantage, and companies doing business in India should expect a model that embraces both objectives

Urban India may account for 70% of GDP in FY26: Dun & Bradstreet report

Urban India to power 70% of GDP in FY26, with Tier-II and Tier-III cities emerging as new growth hubs, says Dun & Bradstreet report

NITI calls for inverted duty correction to boost electronics exports

India faces 14-18 per cent cost disadvantage against peers, says report

India creates 44 tariff lines in Budget 2026 to map US market access

The commerce department on Friday said the trade agreement reflects a calibrated and balanced approach that places farmers' interests at the forefront

New CPI series triggers shakeup in state-level inflation rankings

Revised 2024 base year, fresh consumption weights and expanded market basket recast state inflation rankings; Telangana tops January list under new series

Reliance Industries gets US licence to directly buy Venezuela crude oil

India's largest private refiner gets US general licence to purchase Venezuelan crude directly, potentially diversifying its crude slate and resuming imports after previous sanctions eased

Indian refiners see limited gains from Venezuela as Russian oil dries up

Venezuela's heavy, acidic grades are a poor replacement for higher-quality Russian variants, which are now declining in India's crude oil basket due to US pressure

India's Q1 edible oil imports fall 2% on lower soybean, sunflower purchases

Palm oil imports rose 18 per cent to 1.91 million tonnes in the November 2025-January 2026 quarter from 1.62 million tonnes a year earlier

Nomura drops April rate-cut call on firmer inflation, RBI 'stealth easing'

Last week, Nomura had assigned a 65 per cent probability that ‌the Reserve Bank of India would cut its policy rate by 25 basis points to 5 per cent

As Budget renews push for social sectors, gap in implementation persists

Spending on health and education as percentage of GDP is modest and below policy targets