Page 23 - Indian Economy

RBI to hold ₹2 trillion 7-day VRRR auction to absorb surplus liquidity

RBI to conduct seven-day Variable Rate Reverse Repo auction on Friday to absorb Rs 2 trillion as banking system liquidity remains in surplus of over Rs 3 trillion

India to stay resilient amid global trade tensions, says Sunil Mittal

Bharti Airtel Chairman Sunil Mittal has exuded confidence in India's ability to move at a steady economic clip even in face of global headwinds intensified by rising trade disputes and ongoing conflicts. Penning a note in Airtel's latest annual report, the telecom industry stalwart said that political stability and a robust policy push across key sectors, including infrastructure, logistics and supply chains, are creating a conducive investment climate and driving India's ambitions of becoming a manufacturing hub for the world. Acknowledging that overall global macroeconomic growth has been subdued and divergent across different regions, Mittal called for coordinated action to ensure sustainable momentum. "India is likely to sustain its stable economic performance, even amid global uncertainties heightened by escalating trade tensions and ongoing conflicts. Global macroeconomic growth has been subdued, diverging sharply across regions and requiring coordinated action to ensure ...

Tyre industry to grow 7-8% in FY26, driven by replacement demand: Crisil

Crisil expects India's Rs 1 trillion tyre industry to grow 7-8% in FY26, mainly driven by replacement demand, while OEM volumes and global trade risks continue to pose challenges

India's long overdue low-carbon development plan likely to see light

The climate strategy may pave the path to a national carbon budget, an element critical in achieving net zero, but increase costs for companies transitioning to low-emission strategies

Avendus Wealth-Hurun India Uth Series 2025: Zepto cofounders top the list

With 8 alumni featured, BITS Pilani leads all undergraduate institutions, followed by IIT Roorkee and IIT Delhi with 6 each

A concentration problem: Policymakers should support markets, not champions

India's conscious decision to return to industrial policy and state-guided investment has had the inevitable consequence of empowering the largest conglomerates

Donald Trump signals over 10% tariffs in India-US trade deal framework

On Tuesday, Trump said the bilateral trade pact with Indonesia would result in tariff- and non-tariff-barrier-free access for US goods to the Indonesian market

Economy to grow at 6.5% in FY26 despite global uncertainties: EAC-PM Chair

The Indian economy is expected to grow at 6.5 per cent in the current financial year, despite geo-political tensions and trade policy uncertainties, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev said on Tuesday. In an interview with PTI, Dev further said that domestic growth will be driven by low inflation, resulting from good monsoon and benign interest rate regime, triggered by three back-to-back rate cuts by the Reserve Bank of India. "There are significant global headwinds like the twin shocks of geo-political tensions and trade policy uncertainties. "However, the Indian economy is resilient and continues to be the fastest growing country among large economies," the eminent economist said. According to Dev, high-frequency indicators for the first two months of 2025-26 indicate resilient performance of the domestic economy. "A 6.5 per cent of GDP growth for FY26 is feasible despite global uncertainties. India's medium-term growth prospects see

Govt to give best of attention to promote GCCs: FM Nirmala Sitharaman

Finance Minister Sitharaman says the Centre will offer tax, legal and administrative support to boost GCCs in India and guide states to develop hubs in tier 2 cities

Need to push GCC with policy support, exact action points: DEA Secy

She said that with GCCs expanding into engineering, artificial intelligence, and emerging tech, there was a need for specialised courses to be brought in

Pilot stage of internship scheme ending soon: FM Nirmala Sitharaman

Sitharaman said that India was a country going through a decade or more of demographic dividend

India clears air of uncertainty, signals trade deal talks with US still on

Negotiators to head to Washington again to seal a pact before August 1

June retail inflation likely to have cooled further on food prices

Economists reckon that the decline in inflation is expected on account of easing prices across various goods categories, especially food items and a favourable base effect

RBI to conduct two-day VRRR auction on Wednesday to soak up ₹1 trillion

The surplus liquidity has kept the overnight weighted average call rate (WACR) near the standing deposit facility (SDF) rate of 5.25 per cent and well below the repo rate of 5.5 per cent

India-Canada interim trade deal back on the table after 2 years of tensions

After two years of strained diplomatic relations, as India and Canada look to iron out creases, the interim trade deal is back on the table

India and Brazil set to sign key agreements to boost bilateral trade

India's trade with Brazil is the largest compared to its trade with any other country in Latin America. However, it is far below Brazil's trade with China, the US, Argentina, and Germany

Rupee weakens against US dollar on Donald Trump's renewed tariff threat

Rupee ends 47 paise lower at 85.86 per dollar as Trump warns 10% tariffs on BRICS-aligned nations; RBI seen selling dollars to cap volatility after hitting 86 mark

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's liquidity surplus unlikely to lift credit growth, says JP Morgan

While surplus liquidity influences overnight borrowing costs, a recent analysis by the firm showed it does not impact credit or deposit growth in the economy

India's current account deficit manageable, but financing needs monitoring

The spectre of higher tariffs imposed by the US means export prospects, including for India, will be subdued in 2025