Economy Of India

India's forex reserves fell for the fifth straight week to $726 billion, while gold's share has nearly tripled since 2019, increasing exposure to price volatility.

The Governor acknowledged that price pressures are increasingly extending beyond food and fuel.

Input prices rose faster than output prices, driving negative manufacturing deflator, govt said

The FY27 Union Budget will test India's shift to a debt-based fiscal framework as tax risks, Finance Commission changes, capex priorities and election pressures shape policy choices

An examination of Finance Commission awards from the 11th to the 15th shows that transfers to states have not materially strained the Centre's finances, even during periods of higher devolution

Average equity capital support for FPOs at 45 per cent of optimal levels; credit access only 37 per cent of optimal levels, a paper by an Icar body shows

India and the US have held five rounds of trade negotiations, with the sixth round scheduled later this month in India

The weightage of food items now stands at 57.8 per cent for agricultural labourers and 56.6 per cent for rural labourers, down from 69.2 per cent and 66.7 per cent respectively

Economists say beneath the headline growth numbers is an economy not generating enough well-paying jobs for millions of young people entering the labour market every year

President Droupadi Murmu on Tuesday expressed concern over the drug addiction problem, saying it not only affects an individual but also the country and its economy as she underscored that doctors have an important role in freeing people from this scourge. Addressing the convocation ceremony of All India Institute of Medical Sciences (AIIMS) here, President Murmu also spoke about obesity and called for immediate steps to prevent it, saying the disease should not become an obstacle in the country's development. She asked researchers to develop accessible technology for cancer screening. In her address, the president said for citizens, AIIMS means the best and affordable treatment and for students, AIIMS means good facilities for higher education and research. To provide excellent tertiary healthcare at affordable cost and promote research and development in the medical field, many AIIMS have been established in the country, she said. Murmu said prestigious institutes like AIIMS mus

The two-day BS Manthan event, scheduled for February 27 and 28 at the Taj Palace in New Delhi, marks a milestone as it coincides with the 50th anniversary of Business Standard's publication

Looks to ensure enough financial headroom amid global headwinds

The economy would be more stable if the exchange rate fluctuated more

In the same period last year (April 2022-February 2023), FDI inflows were at $39.61 billion, while outflows touched $12.90 billion

Economic growth won't be sustainable if it is K-shaped, says economist at Business Standard Manthan 2024

Uttar Pradesh Chief Minister Yogi Adityanath on Sunday said India is poised to become the world's third-largest economy during Prime Minister Narendra Modi's third term. Addressing the Nari Shakti Vandan programme held at the Sugar Mill Ground here, Adityanath said, "With India becoming the third-largest economy, the income of every individual in the country will rise, leading to enhanced prosperity in the lives of people." During the programme, the chief minister inaugurated and laid the foundation stone of 673 development projects worth Rs 679 crore. Adityanath said the entire nation is committed to realising the vision of a "Viksit Bharat" (developed India), with widespread support for "Phir ek baar Modi sarkar" (Modi government once again). He expressed confidence that the NDA would secure more than 400 hundred seats in the Lok Sabha elections. The chief minister said the dream of having Ram Lalla seated in the grand temple in Ayodhya, cherished by our ancestors, has finally c

Finance Minister Nirmala Sitharaman on Friday said many countries are negotiating to start trade in rupee as the country's fundamentals are strong and the Indian unit has been "mostly stable" against most of the international currencies. Addressing the Pandit Hriday Nath Kunzru Memorial Lectures 2024 at JNU, Sitharaman also said India has opened up every sector for private investments and will extend fiscal and policy support to sunrise sectors like artificial intelligence, semiconductors and manufacturing using innovative tools. "Indian Rupee being mostly stable against most of the international currencies except for the US dollar, where it had volatility. But even in that case, compared to many other currencies, the Indian rupee has been far more stable even against the US dollar. "And therefore, you find countries today wanting to have trade relations built on rupee trade," said Sitharaman while addressing students and professors at her alma mater. "As a central university, JNU

The BJP on Friday described the UPA's 10 years as the "lost decade of corruption and cronyism" and said Prime Minister Narendra Modi's "politics of performance" has made India the world's fastest-growing economy. The UPA government left behind a "devastated" economy and Prime Minister Modi "rebuilt" it in five years, senior BJP leader and Union minister Rajeev Chandrasekhar said at a press conference at the party headquarters here. Prime Minister Modi's two consecutive terms have seen "tremendous structural changes" in the country, he said. "The most defining changes have been Prime Minister Narendra Modi's politics of performance, his ability to transform and execute it at an unprecedented scale and depth, solve problems that remained unsolved for decades and change the narrative about India," he said. The country's economy is a very good and shining example of how Prime Minister Modi's politics of performance has transformed India over the last 10 years and taken it from the ...

External Affairs Minister S Jaishankar on Thursday said India in the next 25 years must build "deep national strengths" that will drive its transition towards a developed economy and leading power. Flagging the dangers of dependence on a limited number of suppliers, challenges of technology, and "weaponization of market dominance," he asserted that the country's goals and ambitions can not be determined by "the goodwill of others." The minister's recorded video message was played during the inaugural event of the 5th Asia Economic Dialogue, a three-day annual geo-economics conference organised jointly by the Ministry of External Affairs and Pune International Centre. The theme of the conference this year is 'Geo-economic challenges in the era of flux.' Jaishankar said the present geo-economic challenges fall in three categories -- supply chain challenge, technology challenge, and the challenge of "over-concentration stemming from the nature of globalisation". Whether it is finishe

Union Finance Minister Nirmala Sitharaman on Friday said under Prime Minister Narendra Modi's leadership, India has moved up to the fifth position from the 10th spot in the world in terms of economy. "In the next year and a half, we will be at the third position," she said, adding that the standard of living of the citizens is better in a country that has a strong economy and everyone benefits from it. The senior Bharatiya Janata Party (BJP) leader said this is the first government in the country that listens to people, then makes schemes and works to deliver the benefits of such schemes to people. "The BJP is such a party in which even the smallest worker can reach the highest position by working for the party," she said. Claiming that the INDIA opposition bloc has disintegrated, Sitharaman said nothing is achieved by taking photographs. "They (Congress leader Rahul Gandhi and Samajwadi Party chief Akhilesh Yadav) have nothing left to say to the public. Prime Minister Modi has a