Page 195 - Economy
Centre consults industry on India-US trade pact, seeks suggestions
The stakeholder consultation was chaired by Special Secretary in the ministry Rajesh Agrawal. He is also India's chief negotiator for the India-US bilateral trade agreement
 "Centre consults industry on India-US trade pact, seeks suggestions")
India's April factory activity reaches 10-month high, exports surge
Demand for Indian goods boosts 'companies' pricing power' and prompts them to continue hiring: PMI
 "India's April factory activity reaches 10-month high, exports surge")
Odisha govt clears Rs 3,898 cr investment projects to create 7,400 jobs
The state has approved the proposal of Sree Metaliks Limited to expand its integrated steel plant in Keonjhar with an investment of Rs 885 crore, it said
 "Odisha govt clears Rs 3,898 cr investment projects to create 7,400 jobs")
S&P Global Ratings cuts India's FY26 growth rate by 20 basis points to 6.3%
S&P cites US tariff shocks and rising global uncertainty as reasons for trimming India's FY26 growth projection to 6.3 per cent and FY27 estimate to 6.5 per cent
 "S&P Global Ratings cuts India's FY26 growth rate by 20 basis points to 6.3%")
US trade deal to boost India's position in global trade: Panagariya
He said the trade restrictions by the US on China, Vietnam, and Cambodia will place India in a favourable position in the context of global trade
 "US trade deal to boost India's position in global trade: Panagariya")
Need to moderate public debt to save on interest outgo: DEA Secretary
Observing that the current level of public debt continues to be elevated, he said, that needs to be moderated and that is a path for fiscal consolidation
 "Need to moderate public debt to save on interest outgo: DEA Secretary")
India's forex reserves rise $1.98 bn to $688.13 bn, up for 8th week in row
This is the eighth consecutive week of a rise in the kitty, which had jumped 8.31 billion to $686.145 in the previous reporting week
 "India's forex reserves rise $1.98 bn to $688.13 bn, up for 8th week in row")
India asks IMF to review loans to Pakistan, Indian govt source says
India suspended a critical river water sharing treaty and the two countries have closed their airspace to each other's airlines
 "India asks IMF to review loans to Pakistan, Indian govt source says")
India-EU trade pact to address tariff and non-tariff barriers equally
Commerce Minister Piyush Goyal says India-EU trade deal to focus on tariff and non-tariff barriers alike, with both sides targeting a meaningful pact by end of 2025
 "India-EU trade pact to address tariff and non-tariff barriers equally")
S&P cuts India's FY26 GDP forecast to 6.3% over US tariff uncertainty
In March, S&P had lowered the FY'26 GDP growth forecast to 6.5 per cent, from 6.7 per cent
 "S&P cuts India's FY26 GDP forecast to 6.3% over US tariff uncertainty")
India stresses focus on non-tariff barriers, import duty in EU trade talks
Commerce Minister Piyush Goyal and EU Trade Commissioner Maros Sefcovic reviewed trade talks progress during their meeting in Brussels, focusing on key issues like tariffs and non-tariff barriers
 "India stresses focus on non-tariff barriers, import duty in EU trade talks")
India's manufacturing PMI hits 10-month high of 58.2 in April, IIP rebounds
April 2025 Manufacturing PMI: New orders, especially international demand, grew at the fastest rate in 14 years, driving manufacturing output growth in April
 "India's manufacturing PMI hits 10-month high of 58.2 in April, IIP rebounds")
Bouncing back: April's net GST kitty at fresh high of ₹2.09 trillion
Net receipt from FY25 transactions increases 8%
 "Bouncing back: April's net GST kitty at fresh high of ₹2.09 trillion")
NEERI to study environmental impact of Rs 76,200 cr Vadhavan Port project
The decision was taken following the Supreme Court's verdict in February, which directed the Centre to appoint an independent agency to assess the impact
 "NEERI to study environmental impact of Rs 76,200 cr Vadhavan Port project")
Aiming for 'meaningful' deal with India, says EU trade commissioner
Earlier this year, both sides decided to set an ambitious deadline to sign the long-pending free trade agreement (FTA) by end-2025
 "Aiming for 'meaningful' deal with India, says EU trade commissioner")
India, EU make solid headway towards balanced, mutually free trade deal
Commerce and Industry Minister Piyush Goyal is in Brussels to discuss progress of this trade agreement with European Commissioner for Trade and Economic Security Maros Sefcovic
 "India, EU make solid headway towards balanced, mutually free trade deal")
Creative economy can further increase its share in GDP, says PM Modi
The PM said that Indian films are now reaching every corner of the world, with they being released in more than 100 countries
 "Creative economy can further increase its share in GDP, says PM Modi")
Manufacturing reality: Domestic vs foreign consumption gets more complex
The degree of domestic versus foreign contribution to the consumption of a nation's economy
 "Manufacturing reality: Domestic vs foreign consumption gets more complex")
India's coal production increases 3.63% to 81.57 MT in April
Both coal production and dispatch witnessed steady growth in April 2025, compared to the same period last year, the coal ministry has said
 "India's coal production increases 3.63% to 81.57 MT in April")
GST mop-up rises 12.6% to record ₹2.37 trillion in April: Govt data
The GST mop-up was Rs 2.10 lakh crore in April 2024 -- the second highest collection ever since GST was rolled out on July 1, 2017
 "GST mop-up rises 12.6% to record ₹2.37 trillion in April: Govt data")