Economy

Tax incentives, rate cuts should improve urban demand: EAC-PM Chairman

S Mahendra Dev discusses a wide-range of issues, including the impact of artificial intelligence (AI) on jobs, demand trends, and increasing the share of manufacturing in the economy

Rising crude oil prices may weigh on India's current account deficit

Mildly affect growth, inflation, say economists

Iran-Israel war: Govt to meet stakeholders to assess trade impact

Commerce Secretary Sunil Barthwal said that the impact of the war on India's trade will depend on how the situation unfolds over a period of time

Datanomics: Private-sector collaboration to drive self-reliance in defence

Defence Minister Rajnath Singh recently said that India's annual defence production reached an all-time high of ₹1.46 trillion in FY25, nearly doubling from ₹0.74 trillion in FY17

Jobless rate at 5.6%, women's work participation down in May, shows data

Unemployment in May rose to 5.6 per cent with youth and women most affected, while labour force participation fell to 54.8 per cent, latest PLFS data shows

Credit growth drops to 8.97% in May, lowest level in three years

Credit growth slows as banks tighten lending amid stress in microfinance and unsecured loans; deposit growth outpaces credit by 100 bps in May 30 fortnight

India aims to finalise early tranche of US trade pact before July 9

Absence of US Trade Promotion Authority may prolong broader BTA negotiations, but India hopes to secure early agreement on tariffs by July 9 deadline

WPI inflation falls to 14-month low in May as food, fuel prices dip

Prices of primary food articles (-1.56 per cent) declined for the second month in a row

Trade deficit narrows to $22 billion as shipments, imports contract

Despite overall decline in merchandise exports, shipments to US grew by 17%

Coal Ministry opens bids for 12th round of commercial coal block auction

In the 12th round, 38 bids were received for eight blocks. Separately, three blocks under the second attempt of the 11th round received one bid each

Uttar Pradesh targets 15 new industrial zones to push MSME growth

In total, 15 new MSME-centric industrial zones will be developed in 11 districts, including Aligarh, Firozabad, Kanpur Dehat, Prayagraj, Mirzapur, Lalitpur, Rae Bareli, among others

Early monsoon dampens fuel demand growth in June; diesel dips 4.8%

After two months of robust consumption growth, petrol demand slowed to 2.3 per cent to 1.4 million tonnes in the first half of June, sales data of three state-owned fuel retailers showed

Merchandise trade deficit narrows to $21.88 billion in May, shows data

Merchandise exports stood at $38.73 billion in May 2025, a 2.2 per cent decline from $39.59 billion a year earlier

Statsguru: Young India yet to tap demographic dividend, needs a policy push

Among the countries having demographic dividend, India is a noticeable exception that has not harnessed this human resource

Russian oil freight rates to India ease, EU curbs may reverse trend

The European Union has put forward a new sanction package against Russia over Ukraine and proposed to lower the Group of Seven nations' price cap on Russian crude oil to $45 a barrel from $60 a barrel

India's WPI inflation dips to 0.39% in May, lowest level in 14 months

WPI inflation eased to 0.39 per cent in May, a 14-month low, as prices of food, fuel, and primary articles cooled; core inflation also declined

ASICS to boost India sportswear production to 40% amid import restrictions

ASICS, which competes with global rivals including Nike, Adidas, and Skechers USA in India, plans to open three new franchise stores per month between now and the end of the year

India 5th largest economy, leading digital, mfg push: PM Modi at CEO Forum

Addressing the India-Cyprus CEO Forum, PM Modi emphasised that India has become the fifth-largest economy globally and is rapidly moving towards becoming the third-largest economy soon

India-Cyprus cooperation has 'immense potential for growth': PM Modi

PM Modi, who arrived here on the first leg of his three-nation tour, made the remarks while attending a business roundtable along with Cypriot President Nikos Christodoulides

Business bigwigs see PM Modi's Cyprus visit boosting economic ties

Several MoUs were signed between Indian and Cypriot businesses, including between the National Stock Exchange (NSE) and the Cyprus Stock Exchange