Page 124 - Economy
India pushing rice exports to largest importer of world Philippines
India exported agricultural products worth $413 million to the Philippines in 2024
 "India pushing rice exports to largest importer of world Philippines")
Lagos Free Zone can provide access to US market: Nigeria to Indian firms
LFZ Managing Director and CEO Adesuwa Ladoja, said that recent tariff adjustments in the US have created real challenges for Indian companies
 "Lagos Free Zone can provide access to US market: Nigeria to Indian firms")
'Heartening to see this': Ficci president hails India's 7.8% Q1 GDP growth
Harsha Vardhan Agarwal highlighted that income tax relief and repo-rate reduction by the Reserve Bank of India were among several other factors for the GDP growth
 "'Heartening to see this': Ficci president hails India's 7.8% Q1 GDP growth")
Piyush Goyal slams India Inc, says needs to step out of 'cosy comfort zone'
The commerce minister said Indian industry sees the large domestic market as a comfortable profit zone, and that it needed to re-evaluate its efforts at value addition
 "Piyush Goyal slams India Inc, says needs to step out of 'cosy comfort zone'")
Govt prepares 'immediate relief measures' to mitigate US tariff stress
Exporters are expected to encounter delayed payments, stretched receivable cycles, and cancelled orders due to the tariff shock
 "Govt prepares 'immediate relief measures' to mitigate US tariff stress")
On track to achieve fiscal deficit target of 4.4% for FY26: DEA Secy Thakur
The Centre estimates the fiscal deficit during 2025-26 at 4.4 per cent of the GDP, or Rs 15.69 trillion
 "On track to achieve fiscal deficit target of 4.4% for FY26: DEA Secy Thakur")
Govt working overtime to cushion export sectors against US tariffs: CEA
CEA Nageswaran highlighted that crises, big or small, often act as catalysts, prompting government, businesses, and households to take urgent actions that might otherwise be delayed
 "Govt working overtime to cushion export sectors against US tariffs: CEA")
Govt should allocate ₹2,500 cr for exporters to join MAI exhibitions: GTRI
GTRI founder Ajay Srivastava said the Rs 250 crore budget was too small for a $440 bn plus export economy and urged a revival with Rs 2,500 crore annually
Trump's 50% tariffs on India risk straining bilateral ties beyond trade
India may resent Trump's tariffs, but with careful diplomacy they could be seen as temporary steps to rebalance ties while reforms and openness progress at India's own pace
 "Trump's 50% tariffs on India risk straining bilateral ties beyond trade")
Economy spurts 7.8% in Q1 FY26 as manufacturing, agri, services shine
India's GDP grew 7.8% in Q1 FY26, a five-quarter high led by manufacturing and services, though US tariffs pose risks to sustaining growth momentum
 "Economy spurts 7.8% in Q1 FY26 as manufacturing, agri, services shine")
Rupee tumbles past 88 against dollar to fresh low on US tariff hit
The rupee slumped to an all-time closing low against the dollar, pressured by US tariffs, equity outflows, and weak Asian peers
 "Rupee tumbles past 88 against dollar to fresh low on US tariff hit")
$67 bn in 10 years: Japan pledges long-term investment push in India
Modi-Ishiba talks yield 21 outcomes: From defence and critical minerals to high-speed rail and skill training
 "$67 bn in 10 years: Japan pledges long-term investment push in India")
Net FDI falls 21.1% to $4.91 bn in Q1 FY26 on higher outward flows
Despite strong gross inflows, rising outward investments and repatriation pulled down India's net FDI in April-June 2025
 "Net FDI falls 21.1% to $4.91 bn in Q1 FY26 on higher outward flows")
US tariffs pose downside risk to aggregate demand, says RBI report
Headline inflation to remain significantly below target this year; S&P upgrade bodes well for yields
 "US tariffs pose downside risk to aggregate demand, says RBI report")
GST rate reforms: Oppn-ruled states call for additional levy for 5 yrs
At a consultative meeting in the capital, ahead of the GST Council's meeting on September 3-4, these states supported the Centre's proposal for rationalisation
 "GST rate reforms: Oppn-ruled states call for additional levy for 5 yrs")
Will come up with measures to expand India's presence in global mkts: Goyal
The Union minister exuded confidence that the measures will ensure that India's exports in the current financial year will exceed that of last year's
Consumption demand becomes broadbased; govt capex boosts investment
NSO data shows broad-based demand recovery with rural growth, higher wages, and strong public capex
 "Consumption demand becomes broadbased; govt capex boosts investment")
Impact of 50% US tariff would be concentrated in Q2: CEA Nageswaran
The CEA said that while it was difficult to calculate the precise impact of the US tariff on the growth at this point, the removal of uncertainty can unleash higher growth in the coming quarters
 "Impact of 50% US tariff would be concentrated in Q2: CEA Nageswaran")
Centre to launch first bidding round under Deepwater Mission soon
National Deepwater Mission aims to boost hydrocarbon output, cut imports
 "Centre to launch first bidding round under Deepwater Mission soon")
Outward remittances under LRS stay flat at $6.9 billion in Q1 FY26
According to RBI data, the amount remitted under LRS was up 0.5 per cent year-on-year (Y-o-Y) from $6.88 billion recorded in Q1 FY25
 "Outward remittances under LRS stay flat at $6.9 billion in Q1 FY26")