Economy

MoSPI panel proposes a federated framework to measure India's knowledge economy, with dedicated accounts for AI, research, human capital and other knowledge-based sectors

A very consequential award for economic policy and people's lives

High global interest rates, elevated oil prices and capital outflows driven partly by investments in artificial intelligence (AI) are likely to continue weighing on Indian financial markets,

In the 43 quarters since 2016, the average small savings rate has been above the formula in 31 quarters

From piano and saxophone lessons to live gigs and jam sessions, jazz is creating a small but distinctive music economy in India. But learning it involves more than paying for classes

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Culture and Tourism Minister Gajendra Singh Shekhawat says cultural capital must gain a larger role in economic policy, alongside technology and human capital

The International Monetary Fund has said the US Federal Reserve's decision to hike interest rates would contribute to tighter global financial conditions and suggested that India allow the exchange rate to act as a shock absorber. An IMF spokesperson on Friday said rate hikes by the Federal Reserve have historically created some pressure for emerging markets through capital flows, financing conditions, and exchange rate movements. On September 17, the Federal Reserve raised interest rates for the first time since July 2023 and indicated another hike could follow, as part of its effort to combat inflation. The spokesperson said that, as with other countries, the impact on India would depend on the magnitude, pace, and persistence of the tightening cycle, as well as domestic economic conditions. "However, India enters this period from a position of strength. Strong growth momentum, a credible inflation-targeting framework, ample external buffers, and healthy corporate and financial .

'Don't take growth for granted amid global shocks'

Economic Affairs Secretary Anuradha Thakur said India must build capacity in strategic sectors such as semiconductors to shield the economy from an uncertain global environment

The policy provides financial and administrative support to companies establishing Global Capability Centres in Uttar Pradesh

Delhi, currently world's 63rd-largest city economy, may rise to 14th by 2050, as 55 Indian cities feature among the world's top 100 urban growth leaders, the Oxford Economics Global Cities Index says

India built the best digital payment rails with a regulator that set the architecture before the volume arrived, and the physical rails deserve the same

Achieving India's 'Viksit Bharat' vision will require critical private sector investment, as public expenditure alone cannot bridge the massive financing gap, Economic Affairs Secretary Anuradha Thakur said on Friday. Speaking at a conference of finance ministers and finance secretaries of states and Union Territories, Thakur highlighted the sovereign rating upgrades from major international rating agencies received by India over the past one-and-a-half years, and said such global recognition underscores India's growing economic strength, improving business climate, and strengthening position in the global investment landscape. Stating that India holds "firm promise" to move forward on the already achieved goals and scale new heights, he said Centre-state partnership on policy issues, on tapping financial sources, and on implementation can spearhead towards Viksit Bharat decisively. "We know that we meet today in the backdrop of ongoing global difficulties. Under these circumstances

RBI's Housing Price Index rose 3.6 per cent in Q1FY27, with Chandigarh, Jaipur, Kanpur, Lucknow and Thiruvananthapuram recording the strongest gains

The merchandise trade deficit widened to $31.7 billion in July, while strong capital inflows helped push the balance of payments surplus to $20.8 billion.

Regulator IBBI has proposed changes to the norms governing the insolvency resolution process for personal guarantors to corporate debtors, including the exclusion of related parties of the guarantor from voting on the repayment plan. Besides, the watchdog plans to make valuation of a personal guarantor's assets mandatory during the resolution process, as well as put in place the framework for recording creditors' deliberations on the repayment plan. In the proposed amendments in the rules to strengthen safeguards in the insolvency resolution process for personal guarantors to the corporate debtors, IBBI has also called for identification and reporting of avoidance transactions (preferential, undervalued, fraudulent, and extortionate credit transactions) in the insolvency resolution process. The proposals come against the backdrop of the insolvency case involving Essel Group chairman Subhash Chandra, wherein under a settlement plan it was proposed that creditors could recover just ..

Consumption-led sectors, including consumer goods, retail and leisure, are expected to remain the cornerstone of growth, reaching about $150 billion by FY31 at an annual growth rate of around 25%

The economic and social development of Coastal Karnataka shows what can be achieved when government creates space for private enterprise

Finance Minister Swapan Dasgupta will be the star attraction at the first edition of a Business Standard Roundtable in the state, Bengal Beckons, on Monday