India Oman

India is keen to finalise the trade pact before the model code of conduct (MCC) kicks-in ahead of its general elections, making the timing of the finalisation of the proposed deal crucial

India-Oman FTA may be reality soon; legal vetting of deal's text underway

Business Standard

GDP growth

India's GDP growth: Morgan Stanley Research's report said that it maintained a constructive outlook on the Indian economy, while highlighting that risks emanate from global factors and elections in May 2024

India's GDP growth to moderate to 6.5% in FY25, projects Morgan Stanley

Economic growth, GDP

Rating agency ICRA on Wednesday projected GDP growth to moderate sequentially to 6 per cent in the third quarter of FY24 from 7.6 per cent in the preceding three months mainly due to subdued performance of agriculture and industrial sectors.

GDP growth to moderate sequentially to 6% in Q3 FY2024, projects ICRA

Press Trust of India

non fossil fuel, climate change, renewable energy, green fuel

India is yet to create a common framework for evaluating risks due to climate change and a systematic methodology for ascertaining the extent to which development programmes address climate risk and vulnerability, according to a new report released on Wednesday.

'Urgent need for climate risk evaluation rules, more adaptation funding'

Amitabh Kant

India will be the third largest economy by 2027 and it needs to grow at rapid rates to become a USD 35 trillion economy by 2047, the country's G20 Sherpa Amitabh Kant said on Wednesday.

India needs to grow at rapid rates to become $35 trn economy by 2047: Kant

aadhar

Digital public infrastructures like Aadhaar, UPI and FASTag generated a value of USD 31.8 billion in 2022, contributing 0.9 per cent to India's GDP, and the contribution is projected to increase 2.9-4.2 per cent by 2030, industry body Nasscom said in a report.

Digital public infra contributes 0.9% to GDP, to triple by 2030: Nasscom

India must focus on exports to achieve 10 per cent economic growth, Arvind Panagariya, Chairman of the 16th Finance Commission, has said.

Govt must focus on exports to reach 10% economic growth: Finance Commission

Ranjeet Kumar Agarwal, ICAI president

Chartered accountants' apex body ICAI will provide suggestions to the government on increasing the tax to GDP ratio as well as on green finance.

ICAI to suggest ways to improve country's tax to GDP ratio, says Agarwal

India Inc to press the capex pedal with Budget push

Unsecured loans rise despite higher risk weighting

India Inc must get its act together on capex: RBI's state of economy report

power

This is the first time New Delhi is pursuing private investment in nuclear power, a non-carbon-emitting energy source that contributes less than 2% of India's total electricity generation

RIL, Tata Power among firms in fray for $26-billion nuclear investment

Reuters

oil barrels

crude oil

India Russia, indo-russia, indorussia

Russian Crude Oil Imports: Russian barrels are not sanctioned for countries like India, but if the ships they are delivered on come under sanctions then India cannot buy such shipments

Russian crude oil traders come up with ways to sidestep US sanctions

India UK, FTA

India-UK FTA talks: If negotiations are not wrapped up at the earliest, discussions will have to be taken forward after India's election, depending on the priority of the new government

After PMO review, India makes likely final push for UK free trade agreement

The government also expects inflation to further reduce due to measures announced to rein in food prices

Prospects bright for capital formation, upturn in pvt capital expenditure

GDP, per capita income

India's Debt-to-GDP Ratio: Dismisses IMF's contention of ratio exceeding 100%

Govt debt to GDP may fall in contrast to global trend: RBI report

onions

The ban on export of onion will continue till its previously announced deadline of March 31 as the government is keen to keep prices under check and ensure domestic availability, a top official said on Tuesday.

Onion export ban to continue till Mar 31 to keep prices under check: Govt

Arvind Panagariya

On why countries with low per-capita incomes, such as India, must focus on exports, Panagariya explained how the global export market was worth $32 trillion in 2022, almost ten times India's GDP

16th FC chairman Panagariya warns against pitfalls of import substitution

Michael Patra

Signs are pointing towards alignment with central bank targets, says RBI Deputy Governor Debabrata Patra

Asia will continue to stay on course with disinflation: RBI's Patra

World Trade Organisation, WTO

This is because investment, as a subject, falls outside the mandate of the WTO. Besides, India is fundamentally against plurilateral pacts on multilateral platforms such as the WTO

India opposes China-led investment facilitation proposal at WTO

Formal job creation: Earlier in September 2023, 950,527 subscribers had joined the EPF. This data is crucial as only the formal workforce enjoys social security benefits and is protected by labour laws

Fresh formal job creation surges to three-month high in December 2023

US dollar

Non-resident external (NRE) deposits were at $97.69 billion in December 2023, up from $96.79 billion in November and $94.46 billion at the end of December 2022

Flows into NRI deposits up 72.7% in April-December 2023: RBI Bulletin

US India

An alliance between the US and India that seeks to facilitate women's economic participation in India by catalysing commitments from private sector, civil society and government leaders in both countries is being revitalised, a senior US diplomat said on Tuesday.

'US-India alliance for women's economic empowerment being revitalised'

Economy News: Stay informed on the latest economy news with Business Standard. Get real-time insights on dynamic GDP growth, Government Policies and global market trends.

Economy News Today: Latest News on Indian Economy, GDP Growth Forecast | Business Standard

Stay informed on the latest economy news with Business Standard. Get real-time insights on dynamic GDP growth, Government Policies and global market trends.