Page 38 - Indian Economy

For goods sent abroad for repairs, no tax implication based on value

The facility to import components under EPCG scheme for assembly or manufacture of capital goods by the importer was available earlier but has been discontinued since 2004

Thousands gather to pay final tribute to former PM Manmohan Singh

Inside the hall, however, Singh's eldest daughter, Upinder Singh, gently reminded the gathering that this was a moment for prayer, not accolades

Manufacturing sector sees decline in productivity, says ASUSE survey

Notably, the rise in GVA per worker is the highest in manufacturing when the survey for 2015-16 is compared to the latest one

A flexible approach: Orderly rupee depreciation should be allowed

The rupee has a lot of catching up to do because its slide has been postponed when compared to its peer currencies and competitors

Three wishes for 2025: Tech innovation, reforms, and idea-driven politics

Industry must invest in technology and international sales, economic policy must focus on structural change and productivity, and politics on ideas

Shooting itself in the foot - again: This trade barrier hurts India more

The real problem with India's trade policy lies in a seemingly innocent administrative procedure that doesn't sound half as dangerous as tariffs

New govt infrastructure projects down by over 20% in December quarter

Both new and completed project values as of December 2024 remain below pre-pandemic levels seen in 2019

India's economic challenges in 2025: Reforms key to sustained growth

To achieve Viksit Bharat, India must tackle slowing growth and global headwinds

Economics of cash transfers: Balancing welfare, productivity, state budgets

Increasing popularity needs to be debated

India eyes robust growth in 2025, tackling inflation and global headwinds

India will have to navigate geopolitical headwinds, tame domestic inflation and nudge the private sector to further loosen their purse strings as the world's fastest-growing major economy seeks more purple patches in 2025, leaving behind September quarter growth blues. Economists at the Reserve Bank of India (RBI) say that high-frequency indicators for the third quarter of 2024-25 indicate the economy is recovering, driven by strong festival activity and a sustained upswing in rural demand. In what has been described as a "temporary blip" by Union Finance Minister Nirmala Sitharaman, the country's economic growth slid to a seven-quarter low of 5.4 per cent in the July-September period after clipping a healthy rate of 7-8 per cent. With the growth versus inflation debate leaving the finance ministry and RBI on different pages, all eyes will also be on possible interest rate cuts in February when the central bank's monetary policy panel meets for the first time under the new Governor

India can use retaliatory measures in case of trade war with US: Think tank

In 2023, bilateral trade between India and the United States reached $117.8 billion, with India importing goods worth $42 billion and exporting $75.8 billion

States, UTs to borrow Rs 4.7 trillion via govt securities in Q4FY25

In 2023-24, states contained their GFD at 2.9 per cent of GDP, within the Fiscal Responsibility Legislation (FRL) limit of 3 per cent

Governance woes: Why filling govt vacancies should be India's top priority

Addressing unfilled positions in courts, police, and hospitals could boost productivity and ease citizens' lives

April-Nov fiscal deficit at 52.5% of full-year target, shows govt data

Total government expenditure for the eight months was 27.41 trillion rupees, or about 57% of the annual goal. The government spent 26.52 trillion rupees in the same period last year

Confidence is high, outlook is bright: RBI Guv Malhotra on economy

But stress tests show GNPA ratio of banks may rise under baseline scenario

HCES shows some reassuring trends, urging CPI and policy overhaul

Shifting household consumption patterns and evolving priorities call for updates to inflation indices and a rethink of food and subsidy policies in India

India, China to Germany and UK: How major economies performed in 2024

While India and US have optimistic outlooks going into 2025, Germany and UK may see sluggish growth

Indian economy prospects expected to improve, says RBI Guv Sanjay Malhotra

He noted that RBI's focus remains steadfast on maintaining the stability of financial institutions and, more broadly, systemic stability while preserving financial stability to support higher growth

Dr Manmohan Singh trusted India's trade capacity to compete at global level

He introduced a dual exchange rate mechanism in February 1992 and unified exchange rate mechanism in February 1993, effectively engineering a further devaluation of about 30 per cent

Budget FY26: Economists urge govt to focus on consumption, tax reforms

India's economic growth slowed more sharply than anticipated in the July-September period of FY25, dropping to a seven-quarter low of 5.4 per cent