Economy

India Inc thrived, witnessed robust growth in 10 yrs of Manmohan Singh govt

The last five-years however has been the best for corporate India in terms of net profit growth thanks to margins expansion and gains from a cut in corporate tax in September 2019

Indian diaspora influence in US policy, politics rising: Milan Vaishnaw

Says from majoritarianism and caste divides to concerns about democracy and inequality, the Indian American scene is much more cacophonous now

Cheap imports, declining FDI challenge India's textile export ambitions

India has set the target to reach $100 billion in textile exports by 2030

Budget FY26: Economists urge govt to focus on consumption, tax reforms

Economists say Budget's focus should be to stimulate consumption, manufacturing, and propel employment. They also want the Centre to continue support to the MSME sector

Free trade deal may get delayed as Australia approaches 2025 elections

Both nations had signed the interim trade deal, also known as India-Australia ECTA that came into force on December 29, 2022

Indian economy to grow at 6.5-6.8% in FY25 on high consumption: Deloitte

The government's continued focus on infrastructure development, digitisation, and attracting FDI will be the additional growth booster, enhancing overall efficiency

Southern states steal the show in monthly household spending: Survey

Kerala, Telangana, and Tamil Nadu lead India in household consumption, surpassing the national average in spending

The India story: Striving for a stronger share of the global trade pie

India's trade relations with the world have evolved in the last 25 years. New partnerships have been forged, old ones have been strengthened, but challenges remain

Rupee hits new low of Rs 85.54 after worst intraday fall in 2 years

Weakens below 85.8 intraday, RBI does rescue act

PMS players breach threshold, set to have non-EPFO assets of over Rs 10 trn

PMS assets excluding EPFO and similar entities have grown 116% since FY1

Rural, urban food spending rises amid inflation pressure, shows HCE report

Conversely, among non-food items, rural households reduced spending on medical care, education, rent, fuel, and durable goods

Q2 FY25: Current account deficit at 1.2% of GDP; BoP surplus at $18.6 bn

The merchandise trade deficit increased to $75.3 billion in Q2 of 2024-25 from $64.5 billion during the same period last year

Forex reserves decline by $8.4 billion of $644 billion as of Dec 20

The decline in reserves is due to both intervention and revaluation effects

RBI allows interoperability between PPIs like wallets for UPI payments

Currently, UPI payments are interoperable such that a user can use any TPAP to transfer funds

Govt plans to borrow Rs 3.9 trillion via treasury bills in Q4FY25

Market participants said that the gross borrowing amount was higher than expected

Manmohan's legacy as PM: Goodwill earned in 1st stint, but slips in the 2nd

Economic data shows history will be kinder to him for his first term rather than second

List of defining reforms under Singh as finance minister, Prime Minister

RTI passed to empower citizens to seek information from public authorities, promoting transparency during his tenure as PM

Rural, urban consumption inequality dips during Aug 2023-July 2024: Govt

Consistent with the trend observed in HCES:2022-23, non-food items remain the major contributor to the household's average monthly expenditure in 2023-24

Current account deficit narrows to at $11.2 bn in July-September: RBI

The current account deficit stood at $11.2 bn, or 1.2 per cent of GDP in the reporting quarter, compared with a revised deficit of $11.3 bn or 1.3 per cent of GDP in the same quarter a year ago

Forex reserves drop to over seven-month low of $644.39 bn as of Dec 20

The reserves declined by $8.5 billion in the reporting week, logging their biggest weekly fall in over a month. They had declined by a total of $5.2 billion in the prior two weeks