Page 37 - Indian Economy

Datanomics: India's BoP moderately weakened even before Trump's tariffs

This happened because there was capital outflow of around $27 billion on a net basis between October-December against a net inflow of $36 billion during July-September in FY25

Govt approves four railway ministry projects worth ₹18,658 crore

These four projects, spread across 15 districts in Maharashtra, Odisha, and Chhattisgarh, will expand the Indian Railways network by approximately 1,247 km

India Inc evaluates impact of Trump tariffs; shifts focus to local market

India Inc leaders say they are turning their attention inward, seeking fresh investment opportunities in domestic markets

Rupee inches up as dollar index moderates on US economic growth concerns

The dollar index, which measures the strength of the greenback against a basket of six major currencies, dropped below the 102 mark on Thursday

Parl panel seeks Rs 400 daily MGNREGA wage, higher social security pensions

"Without a fair wage, the scheme fails in its objective of providing economic security to rural workers," the panel said

Semiconductors escape US tariffs, easing concerns for chip industry

Semiconductors were spared Trump's reciprocal tariffs, reflecting their key role in global supply chains, say industry experts

India needs planned deregulation to reduce government size, expenditure

The combined expenditure of the Centre and state governments increased hugely in 1980s-by almost 10% of gross domestic product (GDP) to 27 per cent of GDP by 1991, and has remained high since then

Telangana women, Goa men spent most time on job activities in 2024

Among union territories (UTs), men in Delhi spent the highest time (406 minutes) on 'employment-related activities'

US tariffs may hit agri, machinery, pharma, electrical sectors: Experts

Goods from sectors, including agriculture, precious stones, chemicals, pharma, medical devices, electricals, and machinery may get impacted if the US will go ahead with imposing reciprocal tariffs on Indian products, according to experts. They said that these sectors could face additional customs duties from the Trump administration because of the high tariff differential or gap, which is the difference between the import duties imposed by the US and India on a product. At the broad sector level, the potential tariff gaps between India and the US vary across the sectors. The gap is 8.6 per cent for chemicals and pharmaceuticals; 5.6 per cent for plastics; 1.4 per cent for textiles and clothing; 13.3 per cent for diamonds, gold, and jewellery; 2.5 per cent for iron, steel, and base metals; 5.3 per cent for machinery and computers; 7.2 per cent for electronics; and 23.1 per cent for automobiles and auto components. "The higher the tariff gap, the worse affected a sector could be," an

Trump's 'Liberation Day' countdown begins, world braces for tariffs impact

Trump has declared April 2 as 'Liberation Day', asserting that the tariffs will liberate the US from its dependence on foreign goods

From ₹70 to ₹90 vs the dollar: Is a weaker rupee good or bad for Indian Economy? | Business news

Is a weaker rupee good or bad for India's economy? From rising inflation and trade deficits to the RBI’s role in currency stability, we break it all down.

India's growth to be highest among advanced, emerging G20 nations: Moody's

Moody's Ratings on Tuesday said India's growth at 6.5 per cent this fiscal will remain the highest amongst the advanced and emerging G-20 countries, supported by tax measures and continued monetary easing, and the country will continue to attract capital and withstand any cross-border outflow. In its report on emerging markets, Moody's said such economies are "exposed to choppy waters" from the churn of US policies and its potential to reshape global capital flows, supply chains, trade and geopolitics. Large EMs (emerging markets) have resources to navigate the turbulence. It said economic activity in the fastest-growing economies will slow slightly from high levels but remain strong this year and next. In China, exports and investment in infrastructure and priority high-tech sectors remain the main growth drivers, while domestic consumption remains weak. "India's growth will remain the highest of the advanced and emerging G-20 countries, supported by tax measures and continued ...

Tariff war clouds India's growth outlook, but fundamentals stay strong

However, economists say country's strong fundamentals, lower inflation hold hope

India's GDP growth projected at 6.4% for FY25, 6.5% for FY26: EY report

The Indian economy is likely to grow at 6.5 per cent in the fiscal year starting April 1, EY Economy Watch said, emphasising that a well-calibrated fiscal strategy that supports human capital development while maintaining fiscal prudence could significantly enhance long-term growth prospects. The March edition of EY Economy Watch projects India's real GDP growth at 6.4 per cent in FY25 (April 2024 to March 2025 fiscal year). For the next, it projects 6.5 per cent growth, highlighting the need to realign fiscal policy to support the country's journey toward Viksit Bharat. According to revised national accounts data released by NSO last month, real GDP growth rates for FY23 to FY25 are now estimated at 7.6 per cent, 9.2 per cent and 6.5 per cent. With respect to quarterly growth rates for FY25, the third quarter growth is estimated at 6.2 per cent implying a required growth of 7.6 per cent in the fourth quarter to deliver an annual GDP growth of 6.5 per cent estimated by NSO. "A 7.6

India's core sector growth falls to five-month low of 2.9% in February

Driven by deceleration in output of coal, refinery products, and cement

India's core sector growth falls to five-month low of 2.9% in February

In February 2024, the core sector growth had stood at 7.1 per cent

CAD widens to $11.5 billion in Q3 on higher trade deficit: RBI data

The CAD in the December quarter of 2024-25 has moderated from $16.7 billion (1.8 per cent of GDP) in the preceding quarter of the fiscal year

Key infra sectors growth slows to 2.9% in February, shows govt data

On a monthly basis, the growth rate in the production of these sectors was lower than the 5.1 per cent expansion recorded in January

India's Apr-Feb fiscal deficit at 85.8% of full-year target, shows data

In the annual budget in February, India revised lower its fiscal deficit target for the current financial year to 4.8% of GDP and aimed to further narrow it to 4.4% in 2025-26

Himachal's Budget strained by high committed spending: Indi-Ra report

Himachal Pradesh's revenue deficit is expected to be around 30 basis points higher than the budgeted 2.5% of gross state domestic product (GSDP) in FY26