Page 3 - India Economy

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

Internship opportunities in India doubled in last 3 years: Report

Internship opportunities in the country have doubled over the past three years as organisations are trying to equip young professionals with industry-ready skills, a report has said. Internships are taking centre stage as companies gear up to equip young talent with real-world skills, said a report by global job site Indeed. According to data from Indeed, India witnessed a 103 per cent increase in internship postings over the past three years (February 2022 till February 2025), underscoring how businesses are doubling on internships to bridge the gap between academics and industry expectations. The report by Indeed is based on an analysis of data on its platform from February 2022 to February 2025. It further revealed that as industries evolve-especially with the rise of AI, data analytics, and digital transformation, companies are using internships not only to offer hands-on experience but also to spot and groom top talent early on. Delhi, Karnataka, and Maharashtra lead the pack

Private capex share in economy dipped to decadal low of 33% in FY24: Icra

Domestic rating agency ICRA on Monday said private capital expenditure's share in the overall investments in the economy dipped to a decadal low of 33 per cent in FY24. Among the private companies, it was the unlisted players which were subdued in investments as compared to the listed entities, as per a report. It can be noted that for the last few years, the government has been driving investments, leading to concerns in some quarters over the private sector's absence and its impact on the overall economic activity. The private sector has instead focused on deploying excess cash at reducing loan burdens rather than investing in new facilities, choosing to run at high capacity utilisation. "Weak domestic consumption, especially urban, muted export demand, and the influx of cheap Chinese imports in some sectors, among other factors, restricted the capacity expansion plans of Indian corporates," the agency's chief rating officer K Ravichandran said. Illustrating the importance of ..

Many nations want to adopt India's development model, says Piyush Goyal

Several nations want to adopt India's development model, which has given prominence to initiatives such as Startup India that encourage innovation, Union Minister of Commerce and Industry Piyush Goyal said here on Saturday. Addressing the valedictory function of Vejalpur Startup Festival 2.0, Goyal also said India aims to take the number of unicorns from the existing 118 to 1,000 and 5,000. The startup ecosystem created in the country has encouraged job seekers to become job creators, the Union minister asserted. "Narendra Modi as the then chief minister of Gujarat ensured fast paced development of the state. Gujarat's development then became the country's development. And slowly, several countries, especially developing countries, today want to adopt India's development model," Goyal said. Prime Minister Narendra Modi has dedicated to the nation several jewels in this development model, like Swachh Bharat Mission, Make In India, Digital India, Startup India, International Yoga ...

Advanced economies overtake Gulf nations in share of remittances to India

Advanced economies such as the US, the UK, Singapore, Canada, and Australia together accounted for more than half of India's remittances in FY24, reflecting a shift in migration patterns

Cong flagging threats to economy, when will PM listen: Jairam Ramesh

The Congress on Saturday said it has flagged a decade-long real income stagnation, a consumption boom entirely driven by the expansion of credit and deepening inequality as the three threats to the economy, and wondered what will it take for Prime Minister Narendra Modi to hear them. Congress general secretary in-charge communications Jairam Ramesh cited the remarks of Chief Investment Officer of Marcellus Investments, Saurabh Mukherjea, to press his argument. "In a podcast interview, Chief Investment Officer of Marcellus Investments, the well-known Saurabh Mukherjea has identified three threats to the Indian economy which the Congress has been flagging for months," Ramesh said in a post on X. He said Mukherjea has identified "a pernicious, decade long real income stagnation for the majority of India's working people" and a "consumption boom which is entirely driven by the expansion of credit and is therefore highly unsustainable". The Congress leader said that Mukherjea had also .

E-way bill generation slowed to 14.7% in February, shows GSTN data

Sequentially, the number of e-way bills dipped in February to 111.6 million, after rising for three consecutive months to touch a record 118.1 million in January