Page 2 - India Economy

Textile hubs in Surat, Tiruppur suspend output as US tariff takes effect

The 50 per cent tariff will affect the export prospects of several industries in India's largest market and also poses a risk for India's near-term growth and capital flows trajectory

Govt plans ₹25,000 cr export support mission to counter US tariff impact

Commerce ministry readies WTO-compliant schemes to aid exporters, diversify markets, and ease trade finance amid rising US tariffs

Best of BS Opinion: India must not bend the knee before Trump's tariffs

Today's articles look at India's options while dealing with the vagaries of Donald Trump's tariff impositions, a look at a potential new VP for India, and the desire for older, great brand campaigns

Trump calls India and Russia 'dead economies' but data tells a different story

From India's trillion-dollar export surge to Russia's energy strength, trade data counters Trump's claim amid escalating tariffs and tensions

Expect progressive improvement in demand, says ITC CMD Sanjiv Puri

Sanjiv Puri, ITC's Chairman and MD, expresses cautious optimism on demand recovery, driven by easing interest rates, better weather conditions, and benign inflation

Govt says India ranks 4th in income equality on World Bank database

India's Gini Index score of 25.5 places it among the world's most equal societies, ahead of China and the US, reflecting shared growth and effective poverty reduction efforts

India open to 'big, beautiful deal' with US, says FM Nirmala Sitharaman

India signals willingness for a broad trade pact with the US ahead of July 9 tariff deadline. But Finance Minister Nirmala Sitharaman said agriculture and dairy sectors remain non-negotiable red lines

Zero-for-Zero Tariffs: Rethinking Trade Liberalization

In this SmartCut episode, Dr. Shikha Jain, Director of IMDR Pune, unpacks Zero-for-Zero Tariffs, their history, benefits, challenges, and why India needs to rethink trade liberalisation. >

Fastest growth in years: Corporate manufacturing trumps household units

The gross value added by household manufacturing units has grown 13.5 per cent in absolute terms between FY19 and FY24 after adjusting for inflation

FY25 GDP growth a tale of two halves as economy withstands global shocks

Given benign inflation outlook and growth still lower than potential, MPC should continue on reducing policy rate by another 50 bps

India becomes 4th largest economy: What's driving this growth?

India has become the 4th largest economy in the world, overtaking Japan, NITI Aayog has reported, citing IMF data.

India a bright spot for growth amid global volatility: N Chandrasekaran

Tata Consumer Products chairman highlights India's stable macro outlook, structural reforms, and emerging trends like GenAI and quick commerce in FY25 report

India overtakes Japan to become world's 4th largest economy: NITI Aayog CEO

India has become the fourth largest economy in the world, overtaking Japan, NITI Aayog CEO B V R Subrahmanyam said on Saturday. Briefing reporters after the 10th Governing Council meeting of Niti Aayog, Subrahmanyam said overall geopolitical and economic environment is favourable to India. "We are the fourth largest economy as I speak. We are a USD 4 trillion economy as I speak," he said. Citing IMF data, Subrahmanyam said India today is larger than Japan. "It is only US, China, Germany, which are larger than India and if we stick to what is being planned and what is being thought through, in 2.5-3 years, we will be the third largest economy," Subrahmanyam. Responding to a question on US President Donald Trump's recent statement that he expects Apple iPhones that will be sold in the US to be manufactured in America and not India, or anyplace else, Subrahmanyam said, "What the tariff will be, is uncertain. Given the dynamics, we will be cheap place to manufacture." He also said th

India better placed than peers to weather US tariffs: Moody's Ratings

Moody's says India's robust internal growth, limited trade reliance and rising investments help buffer economic risks from US tariffs and global uncertainties

Retail inflation for farm and rural workers eases marginally in April

Retail inflation for farm as well as rural workers eased marginally to 3.48 per cent and 3.53 per cent, respectively, in April this year compared to the pace of price hikes for the two categories at 3.73 per cent and 3.86 per cent recorded in March. The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) increased by 1 point each in April 2025 to stand at 1307 and 1320 points, respectively, a labour ministry statement said. The CPI-AL and CPI-RL were 1306 points and 1319 points, respectively, in March. "The year-on-year inflation rates based on CPI-AL and CPI-RL for April 2025 were recorded at 3.48 per cent and 3.53 per cent, respectively, compared to 7.03 per cent and 6.96 per cent in April 2024. The corresponding figures for March 2025 stood at 3.73 per cent for CPI-AL and 3.86 per cent for CPI-RL," it stated.

Defence spend amid Pak tensions may hit India's fiscal strength: Moody's

Moody's Ratings says India's economy remains resilient despite Pak tensions, but increased defence expenditure could weigh on fiscal strength and delay consolidation

Is India faking growth? Sabeer Bhatia calls GDP numbers a 'big lie'

Hotmail's Sabeer Bhatia slams India's GDP model, says real growth comes from effort and not just money exchange

Setting the record straight: USTR claims vs India's medical device policy

The Indian medical device industry faces challenges from international trade dynamics, regulatory barriers, and domestic policy inconsistencies

US tariffs: Recessionary phase not ruled out in key economies, says Montek

The rise in tariffs will raise prices in major economies and trigger an economic slowdown, possibly even prompting a recessionary phase, says Montek

A new world in the making: Is it time to rethink India's economic strategy?

The US is home to massive and world-dominating private tech companies, such as Google, Microsoft, Amazon, OpenAI, Meta, and Apple, yet the country as a whole is struggling neck-deep in debt