Page 163 - Economy & Policy News

Piyush Goyal discusses opportunities in Indian shipping sector with S'pore

In the last three-days, the minister has held a series of meetings with top CEOs and ministers

UBS raises India's FY26 GDP forecast to 6.4% after strong Q4 growth

UBS ups India's economic growth outlook on strong Q4 performance, rural demand rebound, easing trade tensions, and low oil prices

Would be delighted for India to produce a wide range of products: Lutnick

While the US is concerned about India's high tariffs, Commerce Secretary Howard Lutnick said the two countries could find common ground in a new trade agreement

India-US trade deal likely in not-too-distant future: Commerce Secy Lutnick

Lutnick also suggested that India is likely to get more favourable terms from being one of the first pacts agreed

Banks make a killing from TREPS, standing deposit facility arbitrage

The SDF window, which came into effect from April 2022, offers 25 bps lower than the policy repo rate

Cost pressures, Pak conflict dampens manufacturing activity in May: PMI

The HSBC India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 57.6 in May from 58.2 in April

Datanomics: Govt betters fiscal deficit target despite lower tax receipts

The credit goes to higher GDP in nominal terms than considered by the Budget

GST Council's likely agenda: Intermediaries may get exporter status

"With the Law Committee's approval expected shortly, the GST Council's final decision in its next meeting could mark a turning point for India's intermediary-driven export sectors," said the official

Nomura forecasts India's GDP growth to slide from 6.5% to 6.2% in FY26

In a research report, Nomura said there is a divergence between the growth in GST collections and across other high-frequency growth indicators like auto sales and bank credit growth

India weighs 3 options as US doubles safeguard duties on steel, aluminium

Retaliation, WTO action, or talks - three options on the table

Indian firms should use Paraguay as launchpad for South America: MEA

India, Paraguay to explore expanding India-Mercosur PTA

Indian economy to be close to $30 trillion mark by 2047: Amitabh Kant

While emphasising about sustainable urbanisation, Kant said the country will see around 5 million people getting into the process of urbanisation and there will be a need to create 500 new cities

RBI may go for 'jumbo rate cut' of 50 bps on Friday: SBI research

The central bank reduced the key interest rate (repo) by 25 bps each in February and April, bringing it to 6 per cent

Telangana aims to become $3 trillion economy by 2047: CM Revanth Reddy

Speaking at the Telangana Formation Day celebrations, Reddy said the state government hopes to contribute 10 per cent to the national GDP by 2047

Trump's move to double tariffs on aluminium imports to hurt sector: AAI

On May 30, Trump announced that he would double the existing 25 per cent tariffs on aluminium imports from June 4

No immediate impact from China's export curbs on magnets: Maruti Suzuki

Auto industry manufacturers told government officials last week that production could stall within days due to the curbs

Good news very soon on India-Oman free trade agreement: Piyush Goyal

Oman is the third-largest export destination among the Gulf Cooperation Council (GCC) countries for India

Manufacturing PMI slows to 3-month low of 57.6 in May, demand still strong

Manufacturing PMI May 2025: Although new orders and production continued to rise, the rates of growth softened to three-month lows

Philippines eyes India, Thailand rice to reduce reliance on Vietnam

The agriculture department is in talks with private importers on purchases from producers like India, Pakistan, Cambodia and Myanmar

Net GST revenue grows 20.4% to Rs 1.7 trn on import taxes: Govt data

Sequentially, there was a nearly 17 per cent drop in net GST collections compared to April 2025, which stood at Rs 2.09 trillion