Page 80 - Economy

India to soon become world's third-largest economy: FM Sitharaman

Finance Minister Nirmala Sitharaman said India has grown from the 10th to the 5th-largest economy since 2014 and is on track to become the third-largest in the world soon

India's exporters tap new markets to offset losses from US tariffs

India's merchandise exports grew 6.7% year-on-year to $36.38 billion in September 2025. However, shipments to the United States declined 11.9% to $5.46 billion during the same period

Oil imports from US at 4.5-yr high in Oct: Russian supply also stays strong

India's crude oil imports from the US rose to the highest level in October since March 2021 as refiners bought 593 thousand bpd of crude oil from Washington

PM Modi rolls out ₹1 trn RDI fund for 'high-risk, high-impact projects'

The nodal ministry for the RDI fund is the Department of Science and Technology (DST), which will operate through a two-tier funding structure

Reserve Bank of India's short dollar forward position up after 7 months

RBI's short dollar positions rose $6 billion in September, signalling renewed intervention in forwards to stabilise the rupee amid depreciation pressure and speculative build-up

Industry bats for long-term deals; govt aid for DAP under recoveries

Fertiliser firms expect the Centre's special package to cover under recoveries from rising DAP costs, even as global prices strain margins and import deals shape supply stability

Chandigarh, Delhi have highest share of services in GVA: NITI Aayog report

The report used 22 major states/UTs for the analysis. At the all-India level, the share of services in GVA stood at 54.5 per cent in 2023-24

Rise in new orders after GST cuts drove manufacturing PMI to 59.2 in Oct

Goods and services tax (GST) relief, productivity gains and tech investment led to a faster increase in new orders

India, EU negotiators start talks to resolve outstanding FTA issues

Issues which needs resolutions include steel, auto and EU's carbon tax

India, New Zealand begin fourth round of talks on free trade agreement

Commerce and Industry Minister Piyush Goyal will reach Auckland this week to meet his New Zealand counterpart Todd McClay to review the progress of the negotiations

India could cut trade costs and boost exports through CPTA: Report

Cross-border paperless trade, which builds on the broader idea of paperless trade and refers to conducting trade through electronic communication, is gaining momentum regionally

MP wants to quit decentralised procurement scheme amid financial strain

Madhya Pradesh CM Mohan Yadav tells Centre delays in clearing foodgrain stocks under DCP are causing major financial losses to the state government

Jaipur's decentralised solar panel plants soar to 121 with 5 additions

The Central government provides an assistance of up to ₹1.05 crore -- 30 per cent of the cost-- for the installation in Component C

Power market coupling faces delay, unlikely before December 2027: Report

A J M Financial report says regulatory and procedural hurdles could delay India's proposed power market coupling until late 2027, affecting IEX's market share projections

UPI transactions surge to record ₹27.28 trillion in October festive rush

In terms of value, the last highest recorded was Rs 25.14 lakh crore in May, while in terms of volume, the last high was 19.47 billion in July

White collar hiring dips 9% in October amid festive slowdown: Report

India's white-collar hiring activity eased in October as the Diwali-Dussehra festive cluster temporarily slowed recruitment momentum, according to the Naukri JobSpeak Index report

UP set to acquire over 56K acres for industrial development in Bundelkhand

A vast majority of the land has been acquired in the Jhansi district, the most prominent hub of the Bundelkhand region

Tariff impact: Gems & jewellery shipments to US hardest hit in September

The US accounts for 37 per cent of India's total exports of precious stones and 28 per cent shipments of gold jewellery

US HIRE Act a greater concern than H-1B visa fee hike: Raghuram Rajan

The US HIRE Act aims to boost job creation in the US by discouraging companies from outsourcing work to other countries

Chhattisgarh Assembly's new building to be fully power with green energy

Chhattisgarh Assembly Speaker Dr Raman Singh said the new Vidhan Sabha building followed the green building concept and would be fully powered by solar energy