Page 163 - Economy

India-US trade deal awaits Trump's nod ahead of July 9 tariff deadline

The first phase of the India-US trade pact is ready and awaits Trump's approval, with a possible signing before the July 9 deadline to avoid additional tariffs on Indian goods

Govt says India ranks 4th in income equality on World Bank database

India's Gini Index score of 25.5 places it among the world's most equal societies, ahead of China and the US, reflecting shared growth and effective poverty reduction efforts

India, Maldives in talks to deepen bilateral trade, investment ties

As part of recent efforts to attract Indian investment, business forums were organised in three Indian cities to promote opportunities in the Maldives, the PSM News said

GTRI warns against US GM farm imports, cites risk to India's agri exports

India and the US are negotiating an interim trade pact, which is expected to be announced before July 9

Retail loan origination slows down in FY25 amid multiple headwinds

Home loan originations slowed down to 2.7 per cent in FY25, compared to 9.9 per cent in the previous year due to higher property prices and macroeconomic challenges

Datanomics: Serious rail accidents decline, safety spending inches up

Data suggests the overall number has been declining, from 55 in 2019-20 to 31 in 2024-25

India ready to sign deals that protect its interests, says Piyush Goyal

Ahead of July 9 tariff deadline, Piyush Goyal emphasises that India will protect its national interest in ongoing trade negotiations, reiterates stance on sensitive sectors like agriculture and dairy

India-EFTA trade pact likely to be implemented in coming months: Goyal

The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland

India proposes retaliatory duties against US's auto tariffs at WTO

India has proposed suspending trade concessions worth $723.75 mn in response to US safeguard tariffs on autos, even as an interim trade agreement nears finalisation

NDB mandate must focus on agility, tech and sustainable growth: Sitharaman

Sitharaman highlighted that this deters long-term investment and delays critical progress in areas like renewable energy and climate-resilient infrastructure

No trade deal under pressure; India's interest first, says Goyal on US pact

He also said that India is negotiating free trade agreements (FTAs) with different countries, including European Union, New Zealand, Oman, the US, Chile, and Peru

Win some, lose some: The surprising post-pandemic changes in wage growth

The more educated have had slower growth but they are the highest paid in the country

India's liquidity surplus unlikely to lift credit growth, says JP Morgan

While surplus liquidity influences overnight borrowing costs, a recent analysis by the firm showed it does not impact credit or deposit growth in the economy

India eyes foreign copper firms with overseas mining links: Govt report

The growing need for concentrate imports necessitates diversification of supply and foreign asset acquisitions, the government document said

Early monsoon rains boost hopes of record grain harvest in India

With rains arriving ahead of schedule in many regions, farmers have been able to begin sowing earlier than usual, Farm Secretary Devesh Chaturvedi said

Trade conundrum with China: Cautious steps need of the hour, say experts

Over the last few years, India's exports to China have been contracting but imports have been on the rise

India-US interim trade deal nearly sealed after a week of intense talks

First tranche of bilateral trade pact likely in 2-3 days to avert higher US tariffs

Rupee strengthens on hopes of India-US trade deal, crude prices fall

The rupee rose to 85.19 against the US dollar as hopes of a trade deal between India and the US grew, while falling crude oil prices also supported the currency's gains

PM Modi's foreign tour aims to boost cooperation in critical minerals

Prime Minister Modi's foreign tour focuses on enhancing cooperation in critical minerals, with key visits to Ghana, Namibia, and Argentina, as India seeks to secure essential resources for its economy

New businesses drive services sector growth to 10-month high in June: PMI

Indian service providers end Q1 on a strong note, with output and new orders rising at the fastest pace since August 2024, supported by robust international sales & job creation, according to PMI data