Economic Policy

A new phase of policymaking emerges with committee-led governance

The government has also succeeded in conveying a message that it is sharply focused on reforms that improve the ease of doing business

Correcting populist policies is essential for India's growth

Populists, whether from the left or the right, have a greater penchant for autarchic policies that restrict trade and view the world through a mercantilist zero-sum perspective

This round of tax reforms can be termed 'MGGA - Making GST Great Again'

To ensure the 56th GST Council is remembered as the most transformative since 2017, the proposed changes must be implemented in spirit, and what must happen next for promises to become policy

GST rate cut may ease CPI inflation by 25bps; 40bps dent on fiscal deficit

Here's how analysts leading brokerages assess the impact of the GST rate rejig on the Indian economy, bond markets and the possibility of an aggressive interest rate cut by the Reserve Bank of India

Economic policies to support demand recovery: Hyundai Motor India MD

Amid global disruptions and macroeconomic uncertainties, India's economic resilience and forward-looking policies are creating a more favourable landscape for consumption-driven sectors like automobiles and such steps are expected to support automotive demand recovery in the near to mid-term, according to Hyundai Motor India Ltd Managing Director Unsoo Kim. Hyundai Motor India Ltd (HMIL) is also evaluating the introduction of Genesis, Hyundai's global luxury marque, in the Indian market. In his address to shareholders in the company's annual report for 2024-25, Kim said the company expects "domestic sales growth to be broadly in line with industry estimates of low-single digit" and 7-8 per cent volume growth in exports in 2025-26. "Global disruptions, macroeconomic uncertainties, and a high base effect continue to pose challenges across the automotive industry. Yet, India's economic resilience and forward-looking policies, including repo rate cuts and income tax relief, are now ...

India-UK trade deal: Navigating through worldwide economic chaos

The India-UK trade deal is a balanced and comprehensive agreement expected to create millions of jobs and open vast opportunities for bilateral trade and investment, benefiting both nations

Need 2nd gen economic reforms but inertia set in past 11 yrs: Cong on govt

Congress chief Mallikarjun Kharge on Thursday referred to the 1991 landmark liberalisation budget to say India urgently needed an impactful second-generation economic reforms, but an "inherent inertia" has set in the Narendra Modi government in the past 11 years. He alleged that due to the "disastrous economic policies" of the Modi dispensation, "which lacks both vision and action", the economy is reeling at a sub-par growth rate. "Inequality has widened, wage growth has miserably stagnated, household savings are getting depleted, youth do not have jobs, the middle class and poor are being robbed to help cronies, and we are facing a trade war, which would hurt both our agriculture and manufacturing sectors," Kharge alleged. "Thanks to the disastrous economic policies of the Modi government, which lacks both vision and action," he said. On the 34th anniversary of the presentation of the budget by then finance minister Manmohan Singh that ushered in economic liberalisation, Kharge sa

The problems India ignores: Fixes, not vision, key to 8% economic growth

There are dozens of issues that slow our growth far below potential. They don't need a grand vision, but they urgently need attention if India is to grow at over 8 per cent

Datanomics: Population burden limits India's economic growth gains

The gap between the GDP and individual prosperity is striking, especially when compared with other major economies

Indian firms should use Paraguay as launchpad for South America: MEA

India, Paraguay to explore expanding India-Mercosur PTA

Everybody doesn't need subsidised public services: Finance Secy Ajay Seth

Seth said the country needs to ramp up investments and productivity from all factors of production

The US Federal Reserve is driving blind as policy uncertainty dominates

On tariffs, prognosticators are struggling to understand the logic and legal basis behind Trump's so-called "reciprocal tariff" plan set for April 2

Removing high-cost debt has lowered borrowing cost: FM Sitharaman

Sitharaman's comments came in the backdrop of the government's target of bringing down the debt-to-GDP ratio to 50 per cent by 2030, from the current 57 per cent

'Casting the Buddha': How Buddhism's ties to power shaped its survival

The chronological approach-from the time of the historical Buddha to the present moment with a Bharatiya Janata Party-run government at the Centre-makes the book easy to follow

Manmohan's economic policies formed basis of India's growth: TN CM Stalin

The economic policies framed by former Prime Minister Manmohan Singh formed the basis of India's growth and Tamil was accorded classical language status during his reign, Tamil Nadu Chief Minister M K Stalin said on Tuesday. Paying rich tributes to Singh at a memorial meeting organised by the TNCC here, he said the late Prime Minister had served as Finance Minister during the economic crisis. "Manmohan Singh brought various schemes for the welfare of the people. The economic policies formulated by him became the foundation for India's growth, Stalin, who is also the DMK president, said on Singh who died due to age-related ailments on December 26, 2024. In 2004 the Prime Minister's position came seeking him following the victory in the elections. Everybody including former Chief Minister M Karunanidhi urged Congress leader Sonia Gandhi to accept the position. But she declined and was magnanimous enough to give it to Manmohan Singh, Stalin said. Singh remained in power for a decade a

Manmohan Singh: The technocrat who reshaped India's economic destiny

Manmohan Singh showed that technocrats can change nations' destinies as effectively as any populist

Manmohan Singh: India's quiet reformer taught a generation to dream

Manmohan Singh, who died at 92, was above everything else the embodiment of hope

Cabinet hikes copra MSP by upto Rs 420 to Rs 12,100 per quintal for 2025

The government on Friday announced an increase in the minimum support price (MSP) for copra by up to Rs 420 to Rs 12,100 per quintal for 2025 with a budget outlay of Rs 855 crore. A decision in this regard was taken by the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi. The MSP for 'milling copra' has been increased by Rs 420 to Rs 11,582 per quintal, while for 'ball copra' by Rs 100 to Rs 12,100 per quintal for 2025, Information and Broadcasting Minister Ashwini Vaishnaw told reporters. The total financial implication would be Rs 855 crore. Cooperative agencies Nafed and NCCF will be the central nodal agencies for the procurement of copra, he added.

Sri Lanka announces to lift vehicles import ban for first time in 4 years

Sri Lanka has announced that they will lift the vehicles import ban which was put in place in 2020 to ease the pressure on foreign exchange reserves due to the COVID-19 pandemic. By the gazette issued on Wednesday the importation of public transport vehicles have been allowed for the first time since early 2020. The Ministry of Finance said the policy to ban vehicle imports was implemented with the intention of easing the pressure on foreign exchange reserves due to the COVID-19 pandemic and the economic downturn of 2022. President Anura Kumara Dissanayake addressing Parliament on Wednesday said the importing cars for private use will be allowed from February 2025. However, the decision is subject to rules so as to protect the island nation's effort to build foreign reserves. All importers must sell their imports within three months, if not a three per cent fee would be charged. These conditions have been imposed with the intention of safeguarding foreign exchange reserves of the

Govt mulls bond issue for middle-class, rates could beat retail inflation

The new scheme, likely to be backed by Nabfid, aims to offer retail investors an alternative savings route to equity markets