Economy

Why New Gurugram Is Moving From a Residential Hub to a Complete Urban Economy: Orris Infrastructure Explains

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Tech, people, cultural economy key to unlocking tourism: Shekhawat

Culture and Tourism Minister Gajendra Singh Shekhawat says cultural capital must gain a larger role in economic policy, alongside technology and human capital

Let exchange rate act as shock absorber: IMF on Fed hike impact on India

The International Monetary Fund has said the US Federal Reserve's decision to hike interest rates would contribute to tighter global financial conditions and suggested that India allow the exchange rate to act as a shock absorber. An IMF spokesperson on Friday said rate hikes by the Federal Reserve have historically created some pressure for emerging markets through capital flows, financing conditions, and exchange rate movements. On September 17, the Federal Reserve raised interest rates for the first time since July 2023 and indicated another hike could follow, as part of its effort to combat inflation. The spokesperson said that, as with other countries, the impact on India would depend on the magnitude, pace, and persistence of the tightening cycle, as well as domestic economic conditions. "However, India enters this period from a position of strength. Strong growth momentum, a credible inflation-targeting framework, ample external buffers, and healthy corporate and financial .

Only a competition-friendly economy will thrive: Finance ministry report

'Don't take growth for granted amid global shocks'

India taking steps to build strategic sectors: Economic Affairs secy

Economic Affairs Secretary Anuradha Thakur said India must build capacity in strategic sectors such as semiconductors to shield the economy from an uncertain global environment

Uttar Pradesh Global Capability Centres Policy, 2024: Key features, incentives, and eligibility

The policy provides financial and administrative support to companies establishing Global Capability Centres in Uttar Pradesh

Delhi could become world's 14th-largest city economy by 2050: Report

Delhi, currently world's 63rd-largest city economy, may rise to 14th by 2050, as 55 Indian cities feature among the world's top 100 urban growth leaders, the Oxford Economics Global Cities Index says

Nobody legislates back phone booths

India built the best digital payment rails with a regulator that set the architecture before the volume arrived, and the physical rails deserve the same

Private financing critical for Viksit Bharat goal: Economic Affairs Secy

Achieving India's 'Viksit Bharat' vision will require critical private sector investment, as public expenditure alone cannot bridge the massive financing gap, Economic Affairs Secretary Anuradha Thakur said on Friday. Speaking at a conference of finance ministers and finance secretaries of states and Union Territories, Thakur highlighted the sovereign rating upgrades from major international rating agencies received by India over the past one-and-a-half years, and said such global recognition underscores India's growing economic strength, improving business climate, and strengthening position in the global investment landscape. Stating that India holds "firm promise" to move forward on the already achieved goals and scale new heights, he said Centre-state partnership on policy issues, on tapping financial sources, and on implementation can spearhead towards Viksit Bharat decisively. "We know that we meet today in the backdrop of ongoing global difficulties. Under these circumstances

India housing prices rise 3.6% in Q1FY27, match year-ago pace

RBI's Housing Price Index rose 3.6 per cent in Q1FY27, with Chandigarh, Jaipur, Kanpur, Lucknow and Thiruvananthapuram recording the strongest gains

India's current account deficit more than doubles to $7 billion in July

The merchandise trade deficit widened to $31.7 billion in July, while strong capital inflows helped push the balance of payments surplus to $20.8 billion.

IBBI seeks to boost safeguards in personal guarantor resolution process

Regulator IBBI has proposed changes to the norms governing the insolvency resolution process for personal guarantors to corporate debtors, including the exclusion of related parties of the guarantor from voting on the repayment plan. Besides, the watchdog plans to make valuation of a personal guarantor's assets mandatory during the resolution process, as well as put in place the framework for recording creditors' deliberations on the repayment plan. In the proposed amendments in the rules to strengthen safeguards in the insolvency resolution process for personal guarantors to the corporate debtors, IBBI has also called for identification and reporting of avoidance transactions (preferential, undervalued, fraudulent, and extortionate credit transactions) in the insolvency resolution process. The proposals come against the backdrop of the insolvency case involving Essel Group chairman Subhash Chandra, wherein under a settlement plan it was proposed that creditors could recover just ..

India's new-age economy to triple to nearly $300 billion by FY31: Redseer

Consumption-led sectors, including consumer goods, retail and leisure, are expected to remain the cornerstone of growth, reaching about $150 billion by FY31 at an annual growth rate of around 25%

Banks, beaches, and rapid growth

The economic and social development of Coastal Karnataka shows what can be achieved when government creates space for private enterprise

BS Roundtable: Swapan Dasgupta to set the tone at Bengal Beckons on Monday

Finance Minister Swapan Dasgupta will be the star attraction at the first edition of a Business Standard Roundtable in the state, Bengal Beckons, on Monday

India's sugar flip-flop highlights fault lines in agri trade policy regime

The decision to import 1 MT of raw sugar after allowing exports earlier in the season has revived questions over crop estimates, policy predictability and the cost of repeated trade interventions

Why Nepal's flood aftermath may be more complex than the disaster itself

From a $4-5 billion rebuilding bill and damaged hydropower to broken trade routes, lost livelihoods and weak local capacity, Nepal's recovery could stretch far beyond the floodwaters

Govt defends GDP estimates, says revisions reflect data, not growth boost

The statistics ministry on Wednesday defended the methodology behind its newly released economic growth estimates, saying revisions to last year's GDP and the divergence between different price measures reflect updated data and estimation techniques rather than an attempt to artificially boost headline growth. The clarification came two days after the government released an updated series of annual and quarterly GDP estimates with 2022-23 as the base year, incorporating a new Producer Price Index (PPI), Banking Services Price Index and additional administrative data. The ministry's detailed questions-and-answers addressed concerns ranging from negative implicit price deflators in manufacturing to the sharp difference between nominal and real growth in mining, as well as the sizeable statistical discrepancy between production- and expenditure-side estimates. India's economy grew 7.8 per cent in real terms in the first quarter of fiscal 2026-27, according to the revised GDP series. T

India's economy can near $20 trn by 2046 if current growth pace holds: CEA

The economy doesn't need "heroic assumptions" to meet that target, Chief Economic Adviser V Anantha Nageswaran said

Economic activity stable, but El Niño clouds food inflation: FinMin

Finance ministry says domestic demand remains resilient, but an intensifying El Nino and weather-related risks warrant caution on food inflation and agricultural output