Page 19 - Indian Economy

India, US back on deal table: Chief negotiator-level meeting on Tuesday

The development comes even as White House senior trade advisor Peter Navarro reiterates his criticism of India's purchase of Russian oil

Chhattisgarh unveils ₹52K cr development push in Bastar's investor meet

The event held on Thursday was envisioned to build confidence among investors and prepare a platform for investment post-insurgency

Stock Market Close: Sensex slips 119 pts, Nifty at 25,069; IT, pharma stocks drag; SMIDs shine

Stock Market LIVE on Monday, September 15, 2025: Vashishtha Luxury Fashion IPO (SME) will list on the bourses while TechD Cybersecurity IPO (SME) will open for subscription.

Short-date options provide opportunity for resilient financial systems

The debate is being framed incorrectly as a tradeoff between speculation and investor protection

Crisil projects 3.2% headline inflation for 2025-26, sees room for rate cut

Research and ratings firm Crisil said that the headline inflation during 2025-26 is projected to be 3.2 per cent, lower than its earlier estimate of 3.5 per cent. In its latest report, Crisil said that the moderation implies a decline of 140 basis points in CPI inflation during this financial year, which is likely to give space for monetary easing. It said the RBI may cut rates by another 25 basis points this year. According to Crisil, lower inflation and reduced interest rates should increase domestic demand in the economy as global headwinds mount. The report also said that the excessive rains during the kharif season is a risk as it could cause disruptions in key horticulture and foodgrain-growing regions like Punjab which is facing its worst floods in four decades. CPI inflation inched up to 2.1 per cent in August 2025, from 1.6 per cent in July, moving above the RBI tolerance threshold of two per cent. Food inflation has started to move up from low levels but trails the head

Will advocate trade reforms in India: US envoy-designate Sergio Gor

Sergio Gor says reforms in India's labour norms and market access are key to fair trade, as US aims to double bilateral trade to $500 bn by 2030

Retail inflation rises to 2.07% in Aug as decline in food prices slows

India's CPI rose slightly in August on a low base, with rural and urban prices diverging. Economists flag benefits for consumers but risks for government finances

India's trade parleys with US are progressing well, says Piyush Goyal

US Commerce Secretary Howard Lutnick said he believes the US will sort out a trade deal with India as soon as that country stops buying Russian oil

India's external debt rose at fastest pace in 7 years in FY25: Report

The dollar-terms growth significantly outpaced the 6.4 per cent uptick recorded in FY24, when external debt had touched $663.8 billion

Glitter to gloom on the brass lanes as export orders dry up ahead of Diwali

Strap: In the aftermath of the US tariff, a ground report from Moradabad brings out the new realities of Peetal Nagri

Fitch ups India FY26 GDP forecast to 6.9% from 6.5% on domestic demand

Global growth is now forecast to be 2.4 per cent in 2025, up 0.2 percentage points (pp) since June but a sizable slowdown from 2.9 per cent last year and below trend

Aluminium industry needs policy support for next phase of growth: Hindalco

Hindalco and Vedanta executives said policy support, innovation and investment will be critical as India's aluminium demand is set to multiply, driven by urbanisation and industry needs

Centre plans support package for exporters hit by Trump's tariffs

The Ministry of Commerce and Industry has proposed measures to ease liquidity for exporters through collateral-free loans and subsidised interest rates

Wheat, Bombs & Fetters: How India fought off US sanctions in the 1970s

Indian audiences are now viewing 'The Hegemonic America Part 3': PL 480. Uranium 235. 50 per cent Tariffs

India's CAD could exceed 1% of FY26 GDP as external risks intensify

Economists forecast India's current account deficit (CAD) will exceed 1% in FY26, citing capital outflows, U.S. tariffs, and a widening trade deficit, despite strong services exports and remittances

GST reforms: Taxation can't be an emotional decision, says FM Sitharaman

Days after the big-bang GST reform announcement, FM Nirmala Sitharaman, at her North Block office on Saturday, spoke at length on a range of issues in an hourlong interaction with Business Standard

13th round of FTA talks from Monday: India, EU hope to fast-track deal

The outcome of this round of negotiation will be crucial in determining the next steps, as both sides weigh the possibility of a political call to break the deadlock on the unresolved issues

Updated industrial classification will help capture new economy data

India's NIC-2025 update to include digital, green, and gig sectors, ensuring accurate economic data, global comparability, and better policy planning

Spurt in consumption to meet fiscal deficit target of 4.4%: Sitharaman

Finance Minister Nirmala Sitharaman has expressed confidence that revenue buoyancy driven by spurt in consumption will take care of the estimated GST shortfall of Rs 48,000 crore following reduction in tax rates on a host of items, and hence there will be no impact on public finances but definitely bolster GDP growth. She also emphasised that consumption boost to be provided by landmark GST reform and better-than-expected first quarter GDP growth number may help in exceeding the projected pace of 6.3-6.8 per cent for FY26. Asked about impact of GST rate cuts on fiscal deficit, Sitharaman said, Rs 48,000 crore financial implication is a static number based on a base year, but when it gets implemented, base situation changes. "So, I think the consumption spurt from September 22 will increase income buoyancy. To a large extent, this Rs 48,000 crore amount we will be able to make it up this year itself. So I don't see an impact on my fiscal deficit or my fiscal management. I will stick

Nominal GDP growth in FY26 may fall short due to benign inflation: CEA

Given the expectation of benign inflation, there may be a shortfall in nominal GDP growth compared to the Budget estimate of 10.1 per cent for the current financial year, Chief Economic Adviser V Anantha Nageswaran said. He expressed optimism about meeting the real GDP growth target of 6.3-6.8 per cent for the current fiscal year despite the US imposing a steep 50 per cent tariff on Indian shipments. Nominal GDP includes changes in prices caused by inflation, reflecting the impact of rising overall price levels, while real GDP is an inflation-adjusted measure that evaluates the value of all goods and services produced in a country during a specific year. Inflation is expected to be low on account of an estimated good kharif harvest and a reduction in prices of around 400 items after landmark GST reforms were approved recently by the GST Council headed by Finance Minister Nirmala Sitharaman. "Some shortfall in nominal GDP growth may be there. I think there is a higher chance of tha