Economy

The Japanese economy grew at an annualised rate of 2.1% in the January-March quarter, the government said Tuesday, showing its resilience despite rising energy prices because of the war in Iran. Japan's real gross domestic product, or GDP, the sum value of a nation's goods and services, grew at a seasonally adjusted 0.5% from the previous quarter. It was the second straight quarter of growth. The annualised number shows what the growth, or contraction, would have been if the quarterly rate continued for a year. Increased spending by consumers and businesses helped contribute to the stronger than expected results. Higher government spending also supported the expansion. Private consumption rose 0.3% quarter-on-quarter, or at an annualised rate of 1.1%, according to the preliminary data from the Cabinet Office. Public demand rose 0.3% from the previous quarter. Japan's economy contracted in July-September last year, then eked out moderate growth in October-December of 0.2% on-quarter

Economies adjust to shocks through prices. The role of policymakers is not to suppress those signals

Mospi Secretary Saurabh Garg said the ministry is open to refining ASUSE to generate more granular and actionable data for the handloom and handicraft sector

Meghalaya CM pushes investment, connectivity and entrepreneurship while backing stronger Bangladesh ties

The CM-designate draws a revival road map amid state's economic challenges, explains Shine Jacob

Mamata Banerjee’s stronghold falls as the Bharatiya Janata Party secures a historic win in West Bengal Assembly Elections 2026. What drove this massive shift? From voter trends to market reaction

Consumer brands across beauty, jewellery and travel are increasingly using creator-led ecosystems and social commerce to drive discovery, engagement and direct sales

Mospi Secretary Saurabh Garg says India's creative economy needs dedicated measurement, stronger legal frameworks and formalisation to unlock growth and integrate informal talent into the IP ecosystem

India must map and monitor key economic vulnerabilities, particularly in areas such as energy, food, fertilisers, metals, and critical minerals, and proactively address both supply disruptions and price volatility to mitigate the impact of future West Asia-like crisis, a top government official said on Monday. Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev in an interview with PTI further said the ongoing West Asia conflict highlights the need for a forward-looking approach to risk management. "India must map and monitor key economic vulnerabilities, particularly in areas such as energy, food, fertilisers, metals and critical minerals, and proactively address both supply disruptions and price volatility," Dev said. He said this calls for a substantial strengthening of physical buffers, including an expansion of strategic petroleum reserves and the creation of stockpiles for essential commodities, going beyond the conventional reliance on foreign ...

India creates the culture. Someone else monetises it. We explain the Orange Economy: what it is, where India stands, and why imagination might just be our biggest untapped economic asset.

Economy wrap April 13-19: Rising fuel-led inflation, job market stress and West Asia risks cloud near-term outlook even as government attempts to sustain growth momentum

As a percentage of India's GDP, it declined to 12.1% from 14.4% in FY21, say experts

Uttar Pradesh plans ₹2,900 crore push to upgrade smaller towns with smart infrastructure, aiming for balanced urban growth and improved ease of living

Government allocates Rs 10,000 crore for capacity building and credit guarantees under Urban Challenge Fund to help cities access market financing

Unemployment rate rose to a five-month high in March as labour force participation and worker population ratio declined across both rural and urban areas

Experts say advance pricing agreements will continue to be preferred by large firms for flexibility, certainty, and cross-border alignment despite simplified safe harbour rules

From bridal skincare to fitness makeovers, India’s pre-wedding industry is evolving fast. Now, weight-loss injections like Mounjaro are becoming part of that transformation, raising questions about he

The Finance Ministry effected the hike through five notifications by raising the Special Additional Excise Duty on diesel to ₹24 per litre and adjusting the Road and Infrastructure Cess

RBI Deputy Governor says remittances to India likely to remain stable as demand for migrant workers may rise despite ongoing conflict in West Asia

Economist Michael Devereux calls for moving beyond incremental reforms, arguing current global tax rules are complex, ineffective, and ill-suited to taxing multinationals