Page 20 - Indian Economy

Exports and domestic demand to drive steady growth for pharma SMEs in FY26

Rising US and EU demand is set to drive SME-led growth, though tougher compliance rules may test smaller firms

Datanomics: India's nominal GDP growth rate likely to remain subdued

Lower deflators are expected to lift real growth again, offsetting weak corporate numbers and muted nominal expansion

Economy picked up steam in Oct on GST rejig, festival spends: RBI bulletin

Measures undertaken this yr pave way for virtuous cycle

Coverage under QCO is not enough to make an item 'restricted' under FTP

Relaxation covers exports still within 15 months as of Nov 13, 2025; FTP rules clarify quality-control imports, re-exports and refunds

Rupee recovers as RBI intervention cools pressure from strong US dollar

The rupee clawed back some losses after the RBI intervened heavily in spot and NDF markets, helping arrest its slide toward 90 per dollar even as global dollar strength

S&P pegs India's FY26 GDP growth at 6.5%; tax cuts to drive consumption

S&P Global Ratings on Monday projected India's economy to grow 6.5 per cent in the current fiscal year and 6.7 per cent in the next, saying tax cuts and monetary policy easing will give a boost to consumption-driven growth. India's real gross domestic product (GDP) is estimated to have grown at the fastest pace in five quarters at 7.8 per cent in the April to June period of current fiscal year. The official data for Q2 (July-September) GDP growth estimates is scheduled to be released on November 28. "We anticipate that India's GDP will grow by 6.5 per cent in fiscal year 2026 (ending March 2026) and 6.7 per cent in fiscal 2027, with risks evenly balanced. Domestic growth remains robust, driven by strong consumption, despite the impact of US tariffs," S&P said in its Economic Outlook Asia-Pacific report. The RBI has projected India's GDP growth in the current fiscal year at 6.8 per cent, better than 6.5 per cent expansion in last fiscal year. S&P further said if India can ..

Little incentive to grow pulses: Poorer economics versus competing crops

Rising imports, shrinking acreage, and low profitability show why another mission may struggle unless pulses farming becomes economically viable for growers

India breaks into global quick commerce top 3, behind only China and US

Statista projects India's qcom revenues to double to $11 billion by 2030 as user numbers rise and platforms expand into more cities

India diversifies exports as shipments to US decline: SBI research report

Share of India's merchandise exports to other countries increased as shipments to the US declined since July 2025, indicating diversification of export basket across product categories, according to an SBI research report. India's total merchandise exports during April-September 2025 inched up by 2.9 per cent to USD 220 billion compared to USD 214 billion in the year-ago period, the report said. Cumulative exports to the US also registered a growth of 13 per cent to USD 45 billion in the April-September period from USD 40 billion in the year-ago period, though there could be some front-loading effects to the aftermath, with September figures registering negative year-on-year growth of about 12 per cent, said 'Ecowrap', the SBI's research report. The report further said the share of the US in India's exports has been declining since July 2025, falling to 15 per cent in September, mainly because of a decline in exports of marine products, precious and semi-precious stones, ready-made

New Labour Codes to address grievances in IT industry properly: Nasscom

The industry body said the Codes will bring clearer terms, stronger protections and uniform benefits for contract, gig and platform workers

India's core sector momentum stalled as output hits 14-month low in October

Energy-sector contractions wiped out gains in construction-linked industries, leaving overall output unchanged from last year

Confident of good trade deal with US, says RBI Governor Sanjay Malhotra

Governor Sanjay Malhotra says the central bank supports innovation but will prioritise systemic stability as crypto decisions rest with the government

Confidence in India's logistics cost: The story of economic transition

A credible nationwide study overturns the 13-14 percent narrative, shows India now on par with advanced economies, and sets the stage for deeper multimodal reforms

Why discretionary bank rescues are not a substitute for systemic order

The 2020 intervention stopped contagion, but its ad hoc approach and breach of loss hierarchy underline the need for a predictable, rule-based system for failing financial firms

Sustainable development: Retrospective clearances threaten rule of law

This concern is particularly relevant today, when prolonged air pollution episodes, groundwater depletion, deforestation, and climate impacts already impose enormous health and economic costs

Bridging the gap: Lagging states need a growth push amid rising debt

While the concerns of the southern states are understandable, in a federal structure it will always be expected that the lagging states are supported to ensure more equitable development

Farm sector can maintain 4% growth for a decade: Niti Aayog's Ramesh Chand

India's agriculture sector can easily maintain a 4 per cent growth rate over the next 10 years, and the country needs to enhance its warehouse infrastructure, Niti Aayog member Ramesh Chand said on Thursday. Addressing an event organised by industry body PHDCCI, Chand said agricultural products' demand will grow at 2.5 per cent. "So, I feel that we can easily assume, easily maintain this 4 per cent growth in the agriculture sector in the next 10 years," he noted. India's agriculture sector recorded a growth rate of 3.7 per cent during the first quarter of 2025-26. "But our agricultural products' demand is not rising at that rate. So, either use these products for industry or tap the export market. I feel tapping the export market is a much better option," Chand added. Warehousing requirements for rice and wheat are not different, but in the case of maize, it is different, he said. Chand noted that regulations are important in influencing investment decisions in warehousing, if th

Samriddhi 2025: 'Industry aligning with India's circular economy vision'

At the Business Standard Samriddhi event in Lucknow, industry leaders said India Inc is gradually embracing the circular economy model, noting its potential to curb pollution

Afghan minister's IITF 2025 visit marks first such engagement since 2021

Afghanistan's Industry and Commerce Minister Alhaj Nooruddin Azizi visited the India International Trade Fair 2025, signalling Kabul's intent to deepen trade ties with India amid regional tensions

RBI's inflation model under fire as persistent overestimates draw scrutiny

The central bank's inflation miss in the first three months of the year was 0.7 percentage points - the biggest gap in almost six years, and well above economists' projections