Page 96 - Economy

India, Qatar likely to finalise trade pact by third quarter of 2026: Goyal

The minister is here for a two-day visit. He is leading a business delegation to increase trade and investments between the two countries

Indian pharma market grows 7.3% in September, chronic drugs gain traction

India's pharmaceutical market rose 7.3% year-on-year in September to ₹20,886 crore, driven by robust growth in antidiabetic, cardiac, and respiratory therapies

India's oil demand to hit 9 mn bpd by 2050; coal to stay dominant: BP

BP projects India's oil demand to grow 80% by 2050 even as renewables surge; coal to retain over 40% share in the energy mix under current trajectory

RBI's Basel III norms to lower banks' capital requirement from 2027

RBI's revised Basel III norms, effective April 2027, to lower capital needs for banks with reduced risk weights on MSME and housing loans, boosting CET1 ratios

Trump says US got $17 trn in new investments; real number likely lower

Under eight months of Trump, we've already secured commitments of $17 trillion coming in, the president said in a speech last month

NITI Aayog CEO confident of early India-US trade pact, urges lower tariffs

NITI Aayog CEO BVR Subrahmanyam also said that India should lower tariffs and non-tariff barriers and open its markets to improve competitiveness in manufacturing

Softening in demand slows services sector in September, PMI falls to 60.9

Operating conditions across India's service economy remained favourable in September, with healthy demand trends underpinning further growth of total new orders, exports, employment, business activity

RBI pared back forward-dollar short position to $53 billion in August

The central bank has unwound $37 billion in forward-dollar shorts since February, allowing maturities to lapse and rebalancing exposure as it manages rupee volatility and liquidity

India's services PMI eases to 60.9 in Sep amid weak international demand

Services PMI: Exports increased in September, but at their slowest pace since March, with firms saying that competitive conditions and cost-control measures were limiting growth

Kautilya Conclave: AI boosting services exports, says World Bank economist

South Asia Chief Economist Franziska Ohnsorge flags India's low net FDI flows

Dixon to Amber: Homegrown giants lead charge in electronics component plan

Dixon, Amber, Kaynes, Samvardhana Motherson among key applicants

Trade to climate: Modi, Starmer set to discuss 'Vision 2035' this week

The two will also engage with businesses and industry leaders on opportunities presented by the India-UK CETA as a central pillar of the future India-UK economic partnership

Tourism in J&K, Ladakh struggling to recover after Pahalgam terror attack

Passenger traffic at Srinagar, Jammu, and Leh airports remains below last year's levels as terror attacks, floods, and bans hit the tourist season

An uncertain pivot: India's energy sector battles taxes, global turmoil

Energy security was what was occupying the minds of officials from India's oil ministry in 2024 when they burnt the midnight oil for months

Piyush Goyal to visit Qatar for talks on comprehensive trade pact

Commerce Minister Piyush Goyal's Qatar visit on October 6-7 will include talks on the proposed India-Qatar trade agreement, reviewing bilateral trade and strengthening sectoral cooperation

ECL norms to have bigger impact on banks with higher unsecured loans

Expected credit loss framework to replace incurred loss model from April 2027; analysts say lenders with higher unsecured retail and microfinance exposure will see bigger provisioning impact

MoSPI seeks feedback on inclusion of PDS food items in retail inflation

This methodology had been discussed with an International Monetary Fund (IMF) expert, under the technical assistance mission in August

Countries that maintain more openness will grow more: Anne Krueger

The position of any country, including India, will depend on what they do and how they react to geopolitical uncertainties

Behavioural traps in online investing: Reflections on World Investor Week

As India deepens financial inclusion through digital tools, World Investor Week 2025 urges regulators and citizens to address behavioural biases, fraud risks, and digital trust gaps

India, EU to begin next round of trade talks from Monday in Brussels

This will be the 14th round of negotiations between the two sides. The five-day talks will begin on October 6