Indian Economy: News
06 Dec 2024
InflationRBI lowers FY25 GDP growth forecast from 7.2% to 6.6%
The Reserve Bank of India (RBI) has lowered its growth projection for India's Gross Domestic Product (GDP) for the fiscal year 2025.
India's Q2 GDP growth shrinks to 5.4%, lowest in 7-quarters
India's Gross Domestic Product (GDP) growth fell to a seven-quarter low of 5.4% in the second quarter of FY25, data released by the Ministry of Statistics and Programme Implementation today showed.
25 Nov 2024
Reserve Bank Of India (RBI)Why S&P has lowered India's growth targets for FY26, FY27
S&P Global Ratings has kept its GDP growth forecast for India unchanged at 6.8% for fiscal year 2024-25.
14 Nov 2024
IndiaIndia's trade deficit widens to over $27 billion in October
India's merchandise trade deficit widened to $27.14 billion in October, significantly up from $20.8 billion in September due to a faster growth rate in imports, data released today shows.
14 Nov 2024
InflationIndia's wholesale inflation hits 4-month high on rising food prices
India's wholesale inflation rose to a four-month high of 2.4% in October, significantly up from last month's 1.84%.
06 Nov 2024
Reserve Bank Of India (RBI)India's services sector soars in October, hiring at 2-year high
India's services sector has shown remarkable growth in October, after a minor slowdown in September.
04 Nov 2024
InflationIndia's manufacturing activity rebounds from 9-month low in October
India's manufacturing sector has staged a remarkable comeback, with the Purchasing Managers's Index (PMI) climbing to 57.5 in October.
19 Oct 2024
IndiaKarva Chauth to boost India's economy by ₹22,000cr: Here's how
The upcoming festival of Karva Chauth is set to give a major boost to the Indian economy.
14 Oct 2024
InflationInflation: Food prices rise 9.5% year-on-year in September
India's Wholesale Price Index (WPI) based inflation has risen to 1.84% in September.
11 Oct 2024
Indian Rupee (INR)Indian rupee drops to lifetime low against US dollar
The Indian rupee (INR) has witnessed a sharp fall, breaching the 84 mark against the US dollar for the first time ever today.
04 Oct 2024
Nirmala SitharamanSitharaman predicts $2,000 increase in per capita income by 2029
Finance Minister Nirmala Sitharaman has projected a significant increase in India's per capita income over the next five years.
02 Oct 2024
Unified Payments Interface (UPI)India's digital economy projected to reach $1 trillion by 2028
India is on track to become a $1 trillion digital economy by 2028, according to a report by Ask Capital.
01 Oct 2024
Reserve Bank Of India (RBI)India's manufacturing growth hits 8-month low in September
India's manufacturing sector is feeling the pinch, hitting an eight-month low in September.
27 Sep 2024
Monetary Policy CommitteeRBI poised to cut interest rate starting December: UBS report
The Reserve Bank of India's Monetary Policy Committee (MPC) is expected to initiate a reduction in interest rate from December this year, as per a report by UBS.
27 Sep 2024
Stock MarketForeign investors pour $5.9 billion into Indian markets in September
India has emerged as a leading destination for foreign portfolio investors (FPIs), attracting a net investment of $5.9 billion into domestic stocks this month alone, according to Bloomberg data.
18 Sep 2024
AsiaIndia topples China to lead MSCI Emerging Markets index
India has outperformed China to become the world's largest MSCI Emerging Markets (EM) market, according to the latest data from the MSCI EM Investable Market Index (IMI).
17 Sep 2024
InflationWholesale inflation in India cools down to 1.31% in August
India's wholesale inflation has dipped below 2% for the first time in four months. The decrease is attributed to a reduction in commodity and food prices.
30 Aug 2024
Gross Domestic ProductIndia's Q1FY25 GDP growth decelerates to 5-quarter low at 6.7%
India's gross domestic product (GDP) growth for the first quarter (April-June) of the current financial year 2024-25 has dipped to a five-quarter low of 6.7%, government data released on Friday has revealed.
29 Aug 2024
BengaluruAt 21, Zepto co-founder youngest on 2024 Hurun India Richlist
The latest edition of the Hurun India Richlist is now official.
31 Jul 2024
Nirmala SitharamanIndia's fiscal deficit decreases significantly to 8% of annual target
India's fiscal deficit, a crucial indicator of its financial health, has narrowed significantly in the first quarter of FY25.
15 Jul 2024
FoodIndia's wholesale food inflation touches 20-month high in June
India's wholesale inflation in June soared to a 16-month high of 3.4%, a significant increase from May's 2.6%, according to government data released today.
04 Jul 2024
InflationTax relief imperative? Why Budget 2024 needs standard deduction hike
India's Finance Minister Nirmala Sitharaman is anticipated to increase the standard deduction limit in the upcoming budget, potentially bringing good news to individuals earning salary and pension.
03 Jul 2024
BusinessIndia's service sector booms in June, record exports fuel growth
India's service sector activity experienced a surge in June, reaching 60.5 from May's five-month low of 60.2, according to HSBC India Services Business Activity Index.
01 Jul 2024
BusinessIndia's manufacturing expands in June, PMI rises to 58.3
India's manufacturing sector experienced a surge in June, with the Manufacturing Purchasing Managers's Index (PMI) rising to 58.3 from May's three-month low of 57.5.
18 Jun 2024
Fitch RatingsFitch raises India's FY25 economic growth forecast to 7.2%
Fitch Ratings has revised its economic growth forecast for India in FY25 to 7.2%, up from the previous projection of 7% made in March.
07 Jun 2024
Monetary Policy CommitteeRBI ups India's GDP growth forecast to 7.2% for FY25
The Reserve Bank of India (RBI) has revised its real gross domestic product (GDP) projection for the fiscal year 2024-25 to 7.2%, a slight increase from the earlier estimate of 7%.
05 Jun 2024
InflationIndia's service sector growth hits five-month low in May
India's service sector growth slowed to a five-month low in May, as indicated by the final HSBC India Services purchasing managers' index (PMI) compiled by S&P Global.
India's GDP exceeds expectations with 7.8% growth in Q4
India's gross domestic product (GDP) has surpassed analysts' predictions, registering a growth of 7.8% in the final quarter of FY24, as per data from the Ministry of Statistics and Programme Implementation (MOSPI).
30 May 2024
Reserve Bank Of India (RBI)RBI's balance sheet grows by 11% to nearly ₹70.5L crore
The Reserve Bank of India (RBI) has reported an 11.08% increase in its balance sheet size for FY2024, reaching ₹70.48 lakh crore as of March 31.
29 May 2024
Nirmala SitharamanS&P upgrades India's economic outlook for first time since 2010
S&P Global Ratings has revised its outlook for the Indian economy from 'stable' to 'positive', while maintaining rating at 'BBB-', the lowest investment grade rating.
17 May 2024
United Nations (UN)UN raises India's 2024 GDP growth forecast to 6.9%
The United Nations (UN) has updated its economic growth projections for India in 2024, predicting a nearly 7% expansion, an increase from the previous forecast of 6.2% made in January.
16 Apr 2024
Federal ReserveMorgan Stanley forecasts no rate cuts for India in 2024-25
Morgan Stanley's team of analysts predicts that India is unlikely to lower its interest rates in the fiscal year 2024-25.
31 Aug 2023
InflationIndian economy to see its fastest growth in a year
India's economy surged from 6.1% in the January-March quarter to 7.7% in the April-June quarter, the fastest since April-June 2022, according to the median projection in a Reuters poll of economists.
12 Apr 2023
International Monetary FundIndian economy 'very strong,' will grow at 5.9%: IMF chief
The International Monetary Fund (IMF) on Tuesday slashed the growth projection for India from 6.1% to 5.9% for the financial year 2023-24. However, Daniel Leigh, the division's World Economic Studies chief, praised India, calling it one of the bright spots in the current global economy.
01 Feb 2023
Union BudgetWill Union Budget 2023 boost Indian economy, what to expect
Finance Minister Nirmala Sitharaman will present the Union Budget 2023 today at 11 am.
31 Jan 2023
Budget SessionBudget Session: Nirmala Sitharaman tables 2023 Economic Survey in Parliament
Finance Minister Nirmala Sitharaman on Tuesday tabled the Economic Survey 2022-23 in Parliament, following President Droupadi Murmu's maiden address to a joint session of Lok Sabha and Rajya Sabha, marking the start of the Budget Session.
31 Jan 2023
Union BudgetFinance Minister Nirmala Sitharaman to present 2023 Economic Survey today
The central government is set to table the 2023 Economic Survey on Tuesday, a day before the Union Budget 2023-24 presentation.
31 Jan 2023
International Monetary FundAmid global slowdown predictions, IMF calls India 'bright spot'
India is likely to see some economic slowdown in the fiscal year 2023, the International Monetary Fund (IMF) said in its January update of the World Economic Outlook released on Tuesday.
06 Dec 2022
World BankIndia's economy 'resilient,' to grow 6.9% in FY23: World Bank
Upgrading India's gross domestic product (GDP) forecast from 6.5% to 6.9% for the current fiscal year, the World Bank on Tuesday termed India's economy as "more resilient" than 10 years ago.
09 Nov 2022
Morgan StanleyIndia will be third-largest economy by 2027, Morgan Stanley predicts
The future of the Indian economy seems promising as the global financial services giant Morgan Stanley predicted that the country will become the world's third-largest economy by 2027.
07 Nov 2022
Russia-Ukraine crisisIndia's manufacturing sector to sustain growth momentum for 6-9mths: Survey
The Indian economy is set to witness steady growth as most domestic manufacturers are confident about sustaining growth momentum in the coming six-nine months despite global headwinds like supply chain issues amid the Russia-Ukraine war, a FICCI survey showed.
07 Jun 2022
IndiaICICI Bank FD interest rates hiked: Check latest rates
ICICI Bank, India's second-largest private bank, has reportedly raised the interest rates on its fixed deposits (FD) once again with effect from Tuesday (June 7).
30 May 2022
ReutersIndia's Q4 GDP pegged at 2.7%, lower than Q3: Experts
According to SBI's economists, the upcoming release of official statistics for economic performance is likely to show 2.7% growth for the January-March quarter and 8.5% growth for FY22.
25 Apr 2022
IndiaMajority of India's workforce has stopped looking for jobs: Report
The problem of job creation and unemployment in India is becoming worse with an increasing number of people quitting to even look for jobs.
22 Mar 2022
COVID-19China imposes lockdown amid COVID-19 surge; will it affect India?
China has imposed lockdowns and severe restrictions in several provinces and cities in order to curb its largest-ever COVID-19 outbreak.
23 Feb 2022
IndiaHow Russia-Ukraine crisis may impact Indian economy?
The simmering tensions between Russia and Ukraine have put the global economy on tenterhooks, with crude oil prices hitting an all-time high on Tuesday since September 2014.
26 Dec 2021
France$100T world economy in 2022; China #1 by 2030: Report
The global economic output is set to surpass $100 trillion in 2022, two years earlier than previously forecast, said a report by the Centre for Economics and Business Research (CEBR).
08 Dec 2021
NITI AayogIndia's richest 10% hold 57% of national income: Inequality Report
India stands out as a "poor and very unequal country, with an affluent elite," according to the World Inequality Report 2022.
24 Aug 2021
IndiaCOVID-induced economic slowdown caused 1 lakh infant deaths in India
India recorded a third of global excess infant deaths in 2020 due to COVID-induced economic slowdown, a World Bank study has found.
26 Jul 2021
Ministry of FinanceSpike in rural unemployment; urban unemployment rises marginally: CMIE
Rural India is witnessing a spike in the weekly unemployment rate, according to data from the Centre for Monitoring Indian Economy (CMIE).
31 May 2021
Gross Domestic ProductAmid COVID-19 outbreak, India's GDP contracts 7.3% in FY2020-21
As the second wave of COVID-19 has disrupted regular life, India's Gross Domestic Product (GDP) contracted 7.3% in the financial year 2020-21, data shared by the government showed on Monday.
28 May 2021
Ministry of Health and Family WelfareCoronavirus: As second wave 'downsizes', economists warn of job crisis
India on Friday reported 1.86 lakh new COVID-19 cases along with 3,660 more deaths. The number of new infections was the lowest in 44 days.
18 May 2021
CoronavirusEconomy will improve after a critical mass is vaccinated: Expert
India's economy will do well once vaccination reaches a critical mass as pent-up demand, global recovery and easy financial conditions will boost activities, RBI's Monetary Policy Committee member Ashima Goyal said on Tuesday.
08 Dec 2020
Fitch RatingsIndia's GDP to contract by 9.4% in FY21, says Fitch
India's GDP will contract by 9.4% in the current fiscal year, Fitch Ratings said in its latest Global Economic Outlook on Tuesday.
26 Nov 2020
IndiaClimate change may cost Indian GDP $200bn by 2030: Report
The worsening effects of climate change may pose a massive risk of $200 billion to India's GDP (gross domestic product) by 2030, revealed a report by McKinsey Global Institute (MGI).
26 Nov 2020
Reserve Bank Of India (RBI)RBI Governor Shaktikanta Das happy with Indian economy's recovery
RBI Governor Shaktikanta Das is happy with the way the Indian economy is performing. On Thursday, he said that the pick-up in recovery has been stronger than expected.
09 Oct 2020
Reserve Bank Of India (RBI)Repo rate unchanged; RTGS payment will be available 24*7: RBI
RBI Governor Shaktikanta Das on Friday announced Monetary Policy Committee's decisions and spoke about the revival of the coronavirus-battered Indian economy.
04 Jul 2020
FacebookCOVID-19 Free Jobs Forum, a place to find work opportunities
COVID-19 has put a dent in the Indian economy, with several industries suffering and tens of thousands of people going out of work.
11 Jun 2020
Pakistan NewsReady to share cash transfer scheme with India: Pakistan PM
Pakistan Prime Minister Imran Khan said he is ready to share his government's cash transfer program with India to help the latter with the fallout of the coronavirus outbreak.
15 Apr 2020
India#Lockdown2: Industry bodies want package of nearly Rs. 16L crore
As India's lockdown was extended for another nineteen days on Tuesday, several industry bodies asked the government to release a financial package to help them and revive growth in various sectors.
12 Apr 2020
IndiaIndia to witness severe economic slump, says World Bank
The spread of COVID-19, and the disruption ensuing from it, is likely to cause a sharp economic slump for India and neighboring countries, the World Bank said on Sunday.
09 Apr 2020
Nirmala SitharamanGovernment planning another package to revive growth of coronavirus-stung economy
The government plans to set up a fund with a corpus of Rs. 50,000-75,000 crore to revive industries, that have been battered due to the coronavirus pandemic.
10 Feb 2020
ParliamentPeople wearing jackets, pants, so there's no recession: BJP MP
Amid the ongoing economic crisis, a member of BJP has exclaimed that people can still afford jackets and pants, hence, there is no recession.
01 Feb 2020
Nirmala SitharamanBudget 2020: Nirmala Sitharaman presents budget amid economic slowdown
All eyes are on Finance Minister Nirmala Sitharaman as she is presenting her second budget today.
15 Jan 2020
Central Board of Secondary Education (CBSE)#CareerBytes: Everything about Class-12 Economics paper pattern, new marking scheme
The 2020 CBSE Class-12 board examinations are set to commence from February 15 and go on till March 30.
16 Nov 2019
KarnatakaAirports full, people getting married, hence, no slowdown: BJP leader
All numbers indicate that the Indian economy is going through one of its worst slowdowns, but for this Union Minister, everything is fine since people are getting married, and airports are full.
22 Oct 2019
IndiaPM joked about media's "trap", says Nobel laureate Abhijit Banerjee
After he met Prime Minister Narendra Modi on Tuesday, Nobel laureate Abhijit Banerjee said the PM joked about how media is trying to "trap" Banerjee into saying anti-Modi things.
13 Oct 2019
India#EconomicSlowdown: World Bank cuts India's growth rate projection to 6%
The country's "well-learned" union ministers may want you to believe that there is no economic slowdown whatsoever, but data points otherwise.
18 Aug 2019
IndiaIndia can become $5-trillion economy in 5 years: NDB President
KV Kamath, President of Shanghai-headquartered New Development Bank (NDB), said the Indian economy can become a $5-trillion economy in five years growing at an annual average rate of 10%.
03 Aug 2019
IndiaNITI Aayog CEO says 'too many reforms' behind economic slowdown
Recently, data compiled by the World Bank revealed that India slipped to the 7th spot in the global GDP rankings of 2018.
14 Jul 2019
IndiaRising intolerance, hate crimes can damage economic growth: Adi Godrej
Billionaire industrialist Adi Godrej on Saturday warned that growing intolerance, moral policing, and hate crimes in the country could "seriously damage" India's economic growth.
14 Oct 2018
India#CareerBytes: List of NCERT books to study for UPSC exam
Needless to say, UPSC exam preparation demands long-term, thorough and deep understanding of concepts.
06 Sep 2018
India#CareerBytes: Tips to crack the UPSC exam
The UPSC Civil services exam is one of the toughest exams in India, thus thorough preparation and solid determination are the keys to cracking it.
01 Jul 2018
IndiaGST anniversary: "Gamechanger" or "surgical strike"? Top leaders speak up
One year ago on this day, the country's tax regime underwent a drastic overhaul with the launch of the never-seen-before-in-India Goods and Services Tax (GST).
