Page 17 of ECONOMY

Increased capex, focus on rare earth minerals may shape India’s ‘Viksit Bharat’ journey: EY report

An increased capital expenditure and focus on rare earth minerals may shape India’s Viksit Bharat journey, according to a report…

May 28, 2025 18:09 IST

V. Anantha Nageswaran, Chief Economic Adviser, Government of India

CEA on the promise India holds with its stellar economic performance in an era of uncertainty

Quoting numbers from the second advanced estimates published by the National Statistics office, he said, the real GDP has been…

Updated: May 28, 2025 15:08 IST

goods and services tax, GST, Central Board of Indirect Taxes & Customs, CBIC, CII

CII seeks early GST rate rationalisation in meeting with FM

CII urges early GST rate rationalisation and reforms in meeting with FM. Key suggestions include including petroleum products under GST,…

May 27, 2025 23:10 IST

direct tax, fiscal, RBI, economy, Finance Minister, income tax

Fiscal, monetary steps may lift growth to upper end of 6.3-6.8% forecast: Finmin

India’s FY26 growth may hit 6.8% amid tax relief, RBI rate cuts, and strong investment outlook, says Finance Ministry. US-India…

May 27, 2025 22:13 IST

FDI, Foreign Direct Investment, DPIIT, manufacturing FDI, economy

Govt highlights 40% jump in services FDI in FY25

India saw record $81.04B in gross FDI in FY25, up 14% YoY, with services sector inflows surging 40%. Manufacturing FDI…

May 27, 2025 21:31 IST

rainfall, agriculture, agri-sector, economy, minimum support prices, MSP

Above-normal monsoon seen in key rain-fed regions, kharif prospects brighten

India’s monsoon forecast for June-September 2025 predicts above-normal rainfall, boosting kharif crop prospects. With 90% chances of normal-to-excess rain, the…

May 27, 2025 21:04 IST

fdi, foreign direct investment, fdi inflows, fdi in india, fdi sources, economy news

FDI surges 14% to $81 billion in FY25; equity inflows cross $50 billion

Singapore remained India’s top FDI source with $14.94 billion, followed by the US ($5.45 billion) and Mauritius ($3.73 billion).

Updated: May 27, 2025 22:08 IST

Exports, FIEO, economy, Federation of Indian Export Organisations, Digital Product Passport

Exports to rebound in FY26, touch $1 trillion: FIEO

India’s exports are projected to hit $1 trillion in FY26, driven by robust growth in electronics, engineering, pharma, and trade…

May 27, 2025 20:13 IST

National Dairy Development Board, dairy products, economy. ice cream flavour, kulfis, cones, bar, curd, lassi

Modest summer slows dairy products sales

Cooler summer and early rains have hit sales of curds, buttermilk, and ice creams, with dairy firms like Mother Dairy…

May 23, 2025 23:45 IST

foreign exchange, GDP, Reserve Bank of India, RBI, economy

Robust RBI dividend may create Rs 70,000 crore extra fiscal space

RBI’s record Rs 2.69 lakh crore dividend may create Rs 70,000 crore extra fiscal space in FY26, helping reduce the…

May 23, 2025 22:34 IST

India-US, trade, piyush goyal, Bilateral Trade Agreement, BTA

Interim trade deal with US may be clinched soon

India and the US are close to finalizing an interim trade deal ahead of the July 8 tariff deadline. The…

May 23, 2025 20:49 IST

gst, tax, economy, Goods and Services Tax Council, life insurance tax

GST Council to take up slabs rejig, compensation cess at next meet

GST Council to discuss rate rationalisation, simplification, and future of compensation cess in upcoming meet. Key proposals include merging 12%…

May 23, 2025 20:42 IST

india-us trade deal, trade deal in us india, us-india trade, india-uk trade deal, trade news, economy news

US bidders for govt contracts? India may open $700 billion public procurement market to foreign firms

The move follows the recent trade agreement between India and the United Kingdom earlier this month that allowed British companies…

May 23, 2025 15:06 IST

Record repatriation and booming IPO exits push India's net FDI to an all-time low in FY25.

Net FDI into India plunges by 96.5% to an all-time-low due to increased repatriation

India’s net FDI hit a record low of $353 million in FY25, down 96.5% from last year, driven by high…

Updated: May 23, 2025 13:54 IST

MSP, chana, economy, Nafed, NCCF, chana production, minimum support price

Govt mulls measure to boost MSP purchase of chana

Government considers steps to boost chana MSP procurement amid slow pace in 2024-25. With mandi prices below MSP of Rs…

May 23, 2025 05:11 IST

processed food, buffalo meat, dairy, poultry, agricultural, basmati rice

Processed food products exports surge 15% in April

India’s processed food exports surged 15% YoY to $2.13 billion in April 2025, driven by strong rice, meat, and fruit…

May 22, 2025 23:25 IST

RBI, gold prices, inflation, Consumer Price Index inflation, Reserve Bank of India

RBI bulletin sees high gold prices pushing core inflation

RBI bulletin flags high gold prices as key driver of rising core inflation, now at 18-month high of 4.21% in…

May 22, 2025 22:57 IST

Gulf, India-Oman, Double Taxation Avoidance Agreement, DTAA, trade, jobs

India-Oman FTA close; wider jobs window for India likely

India-Oman CEPA talks near conclusion with focus on job safeguards amid Omanisation policy. India seeks freeze on local hiring quotas…

May 22, 2025 20:42 IST

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Business tycoon Anand Mahindra shared a serene glimpse of Palakkad, Kerala, calling it “the perfect escape” from modern life’s chaos.

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‘Great idea but…,’ Chidambaram responds to Kiran Mazumdar-Shaw’s offer to fix Bengaluru

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Biocon founder Kiran Mazumdar-Shaw has offered to fund the development of 10-15 roads in Bengaluru, drawing praise from Rajya Sabha MP P Chidambaram. He suggested a governance model where a contractor will execute the work, while a supervising company or industrialist, like Mazumdar-Shaw, would be responsible for the quality and timely execution of public works.

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