Page 24 - Indian Economy

Tariff turbulence: When Tamil Nadu's Dollar Town hangs by a thread

The knitwear hub battles shrinking US demand, steep discounts, job cuts, and rising competition from global rivals

US may cut tariff to 10-15%, penal duty likely to go: CEA Nageswaran

Chief Economic Advisor V Anantha Nageswaran said, according to his intuition, the penal tariff was unlikely to continue beyond November 30

Fiscal discipline must to promote growth: RBI Governor Sanjay Malhotra

RBI Governor Sanjay Malhotra calls on states to maintain fiscal discipline, improve expenditure quality and borrow responsibly while coordinating closely with the central bank

Rajasthan govt plans new strategy to further raise mining

According to a mines department official, a "concrete strategy", which includes aspects like recovery of dues, is being developed

GST reforms infused ₹2 trillion in Indian economy: Nirmala Sitharaman

The finance minister also said the GST revenues grew to ₹22.08 trillion in 2025 from when it was introduced

From space to drones, PM Modi-era will be known for deep-tech forays

The confluence of technology, nationalism and communication skills of PM Modi can be appreciated from his interventions during emergencies

US plan to slap tariffs on India and China risks global trade backlash

Since India has none of China's bargaining chips, Trump has found it easy to target it for buying discounted Russian oil, a threat of further punishment, however, could backfire

Wagon buying chugs along at slow pace: Target falls short by 40% in FY26

As of July, the Ministry of Railways has managed to procure around 6,703 wagons from the private and public sector undertakings, 5,300 short of its four-month target of 12,000 wagons.

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