India Economy

American midterm results will not have an impact on India-US interim trade deal: Sources

The Democrats' sweeping victory in the US midterm elections is unlikely to affect the India-US interim trade agreement, as the pact does not require formal Congressional ratificati

Can India break China’s grip on specialty fertilisers?

Did demonetisation widen India's tax base? A 10-year data review

India's taxpayer base more than doubled and direct-tax collections more than tripled in a decade. But how much of this growth can be attributed to demonetisation? Here's a look at

Trump's midterm election setback may fast-track India-US trade deal within two months says founder, GTRI

Ajay Srivastava, Founder of the Global Trade Research Initiative (GTRI) said the election results could push Trump to focus more on trade negotiations and expedite the proposed agr

India opens deepwater oil, gas bids, offers to fund up to 50% of well costs

The government is rolling out a special licensing round for deepwater and ultra-deepwater oil and gas blocks, offering monthly bidding windows and relaxed fiscal terms as it prepar

Indian Railways runs 18,000 special trains for festive rush, says Ashwini Vaishnaw

India's first urban ropeway nears launch in Varanasi, 96% work completed

India has a huge fireworks industry, then why does it export so little?

India's fireworks industry is worth an estimated ₹7,000 crore, yet exports remain below $1 million, or just 0.042 per cent of the global export market

Powered by ship-to-ship transfers around Hormuz, India’s West Asian LPG imports rise sharply

Big factories dominate India's manufacturing output, Annual Survey of Industries shows

India's manufacturing sector is characterised by a significant concentration in large factories generating substantial output. Factories producing over ₹500 crore contribute to mor

New orders & robust demand lift India's October services growth to 4-month high

Growth in India's services sector increased to a four-month high in October due to strong domestic demand and business orders. The HSBC Services Business Activity Index rose to 55.

Govt clears ₹4K cr VISTAR scheme to revamp India's statistical system

The five-year VISTAR scheme will fund 59 surveys, the 8th Economic Census and AI-driven statistical reforms, while strengthening state-level data systems and GDP estimates.

India's services PMI hits four-month high in October as demand picks up

India's services PMI rose to 55.8 in October from 55.2 in September, driven by stronger new business growth and easing input cost inflation, while employment growth slowed.

Trump's midterm setback may put India under pressure for quick trade deal on US terms: GTRI

Amid electoral challenges, US President Donald Trump is likely to ramp up pressure on India to seal a trade deal. This potential agreement would require India to decrease import ta

India's services growth accelerates to 55.8 in October, cost pressures ease to six-year low

India's services sector activity expanded at its fastest pace in four months in October, with the HSBC India Services Purchasing Managers' Index (PMI) rising to 55.8 from 55.2 in S

India's palm oil imports hit 14-month high, soyoil purchases set record

In October, India experienced a surge in palm oil imports to 866,000 metric tons. Soyoil imports reached a record high of 653,000 tons, reflecting increased demand. The overall edi

India puts food before fuel as El Nino dents ethanol blending target

The E20 initiative has saved nearly ₹2 trillion ($21.1 billion) in oil import costs since Modi govt came to power in 2014, according to government data

From grains to chicken and milk, India faces prolonged food inflation

Weak monsoon rains threaten winter crop yields, while rising costs and tight supplies are pushing up prices of staples, poultry and dairy products

India tax hike drives illegal gold imports to highest level since 2023

Informal shipments for July to September jumped more than 1,500% to 50 metric tons from 3 tons a year earlier, according to a report from the World Gold Council

RE sector may create ₹20 trn investment opportunities by 2030: PM Modi

Speaking at the Bharat Renewable Energy Summit, PM Modi said the sector had attracted over ₹15 trillion in investments in the past decade, underscoring India's clean energy push

India assures commitment to lower Scotch tariffs under UK trade pact

The government has assured liquor companies it will honour tariff concessions under the India-UK trade pact, signalling a possible resolution to the dispute over bulk Scotch import

India must rethink trade deals, engage with China supply chains: Allan Bollard

Extreme poverty in India halved to 2.6% in 2023 from year ago, shows World Bank data

India’s diesel exports at 13-month high in October amid global supply crunch

India increases growth forecast for fiscal year

India's Ministry of Finance has increased its growth forecasts for the current fiscal year. But it also warned about inflation, particularly for fuel and energy, amid continued ins

Tamil Nadu tightened grip on women-led electronics manufacturing in FY25

Companies may be selective, choosing new sectors, but private investment picking up: Sitharaman

RBI eases export-import reporting for individuals, sets Rs 10 lakh threshold

Won’t allow non-veg dairy imports, genetically modified items in future too: Goyal

SBI net profit, interest income post double-digit growth; cyber preparedness in focus

CBIC mandates immediate scrapping of GST arrests ahead of legal amendments

Automation has boosted employment, hiring of low-skilled workers in India, says ABB chief

Trump's midterm setback may ease tariff pressure on India: Report

India proposes instant manufacturing licence suspension for drugs failing quality tests

How India pulled 500 million people out of poverty as inequality deepens

Why is India's probe of Scotch imports from Britain rattling liquor majors?

India’s ‘Lord of the Rings’: Ramayana unites Bollywood and Hollywood talent in mega-budget epic

India Plans 10 New Medicine Import Entry Points, Including Noida International Airport

Can India establish a viable semiconductor industry? Global media says ‘success is far from guaranteed’

Trump’s midterm setback could give India more room in trade talks: Report