Page 30 - Indian Economy

Uttar Pradesh govt's $1 trillion target gets economic advisory support

UP has become a rare state in India to have a Chief Minister's Economic Advisory Group (EAG), similar to the Prime Minister's Economic Advisory Council

Samsung calls India key strategic market, upbeat on growth prospects

Consumer electronics major Samsung sees India as a "key strategic market" with "immense potential" and stays optimistic about its growth trajectory, a top company official said. The comment comes against the backdrop of global trade and tariff turmoil, and the latest US salvo of 25 per cent tariff imposition on India. India is not just a strategic market for Samsung but a key pillar in its global future, said JB Park, President and CEO, Samsung Southwest Asia, adding the South Korean Chaebol will "continue to invest in innovation, manufacturing, and local value addition, aligning with India's vision of a self-reliant economy." Samsung's long-term commitment to India remains unwavering, as it sees the country as a cornerstone of its global strategy, he said. Samsung views India as a key strategic market with immense potential. The company remains optimistic about India's growth trajectory, driven by government initiatives like Make in India, Digital India, and a robust digital ...

To handle Trump's irrationality, India must fix its own bipolar discourse

To protect ourselves from Trumpian diplomacy, we must first introspect the bipolarity within our establishment discourse. You could start with Modi's rise in the summer of 2014

Section 232 returns: Trump's tariff hits $360-mn Indian copper exports

Move targets national security but may raise costs for US sectors like EVs, semiconductors, and defence

India readies for US tariff impact, rules out retaliation over Russia ties

New Delhi may not retaliate against US' 25% levy and Russia penalty

Trump tariffs may drag India's FY26 GDP growth by 20-40 bps: Economists

Apart from the 25 per cent tariff, Trump on Wednesday threatened to impose a penalty on India for buying Russian oil and defence equipment

India stays firm on Russia ties, farm sector as Trump imposes fresh tariffs

Government sources say India won't retaliate immediately to US tariff move but will protect national interests in defence, dairy and agriculture

Trump calls India and Russia 'dead economies' but data tells a different story

From India's trillion-dollar export surge to Russia's energy strength, trade data counters Trump's claim amid escalating tariffs and tensions

AIIB sees India exposure rising to $20 billion over next five years

Multilateral lender AIIB's exposure to India may grow to reach USD 20 billion over the next five years from the present USD 12 billion, a senior official said on Thursday. The Asian Infrastructure Investment Bank (AIIB) has asked all potential borrowers to undertake an exercise to list out a pipeline of possible projects which it can lend to, its Vice President for Investment Solutions Ajay Bhushan Pandey told reporters here. "The USD 12 billion India exposure can become USD 20 billion in the next 4-5 years," said Pandey, a career bureaucrat who joined the bank post-retirement, on the sidelines of a FICCI industry event here. He said AIIB plans to increase annual lending to about USD 17 billion over the next few years, up from the present USD 10 billion. "We about USD 2-3 billion of the additional USD 7 billion can come to India (annually)," Pandey said, noting that India is already the largest borrower in its USD 60 billion portfolio. India is the second-largest shareholder in AI

Rahul Gandhi agrees with Trump calling India 'dead economy'; allies differ

Rahul Gandhi echoes Donald Trump's 'dead economy' remark for India, but Congress leaders and INDIA bloc allies reject the claim, citing strong economic data

Everybody except PM, FM know India is 'dead economy': Rahul Gandhi

Congress leader Rahul Gandhi on Thursday said everybody except Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman know that India is a dead economy, as he alleged that the BJP-led government has destroyed India's economic, defence and foreign policies. Speaking with reporters in the Parliament House complex, Gandhi also claimed that a trade deal with the US will happen and Trump will define it, while Prime Minister Modi will do what the American President tells him to do. Gandhi's remarks came after US President Donald Trump announced the imposition of 25 per cent tariff and penalties on India and called India and Russia dead economies. Asked about Trump's criticism of the Indian economy, Gandhi said, He is right, everybody knows this except the prime minister and the finance minister, Everybody knows that the Indian economy is a dead economy. I am glad that President Trump has stated a fact. Gandhi alleged that the BJP has destroyed the Indian economy in order to

US tariff to hit Indian electronics sector; IT exports may feel ripple

Trump's 25% tariff may strain India's electronics manufacturing in the short term; experts urge value chain shift, export diversification, and AI in IT delivery

US President Donald Trump hits India with 25% tariff, plus penalty

Move comes after two nations fail to seal interim trade deal; govt says will take steps necessary to secure national interest

Resolving deposit, credit balance lies in real economy, not on Mint Street

The market's memory can be short. The same time last year we were fretting about weak deposit growth. Today, we are fretting about weak credit growth

India's shrimp exports hit by US tariffs, UK FTA offers slim relief

With the US imposing 25% tariffs on Indian goods, the shrimp industry faces a major setback, while the UK trade deal offers little immediate relief

'Asia must open up': ADB president says world won't return to pre-Trump era

Asian Development Bank (ADB) President Masato Kanda urges regional reform and integration, announces $10 bn each for Asean power grid and India's metro projects

4 years on, long-pending national retail policy still just a draft

DPIIT cites ONDC, welfare board efforts as alternatives to formal policy

Peru pitches critical minerals to Indian firms, FTA likely by early 2026

Amid China export concerns, Peru seeks Indian investment in rare earths and logistics as FTA nears finalisation, offering opportunities in energy, defence, and technology

Indian economy can grow over 6.5% in FY26 without hurdles: RBI MPC member

Indian economy is growing at a robust pace and will not face any challenge in achieving a growth rate upwards of 6.5 per cent in the current financial year, RBI Monetary Policy Committee (MPC) member Nagesh Kumar said on Sunday. Kumar, in an interview with PTI Videos, further said that Indian economy, among all economies, continues to remain a bright spot for the world. "Actually, more than a third of global economies are under the debt crisis...The industrialised economies are facing a lot of pressure and high inflation and the slowdown of economic growth," he said. But because Indian economy is more driven by domestic consumption and domestic investment, less by export or trade, Kumar said India continues to grow very robustly. "I do not see any challenges in Indian economy achieving upwards of 6.5 per cent kind of growth in the current year and the following year. "And, you know, hopefully this kind of growth momentum will continue for coming years, but also be over time ...

India-UK trade deal fails to lift stocks as earnings concerns dominate mkts

Despite the anticipated India-UK trade deal, Indian equity markets remained subdued, with a broad selloff overshadowing sector-specific optimism