India economy

While the government has been driving domestic manufacturing through the “Make in India” campaign and production-linked incentives (PLIs), the share of manufacturing is still roughly 18% of GDP. Representational file image. | Photo Credit:…

Amid worsening economic activity in the July-September quarter (Q2), the finance ministry has allayed fears by keeping unchanged its estimate for the country’s real gross domestic product (GDP) growth in 2023-24 (FY24)…

Indian manufacturing continued to maintain strong growth momentum at the start of the third quarter amid ongoing buoyant demand, even as the Purchasing Managers' Index (PMI) for the sector fell slightly to a three-month low of 57.7…

The Asian Development Bank (ADB) on Wednesday retained India's economic growth forecast at 6.4 per cent for the current financial year and 6.7 per cent for the next, saying robust domestic demand will continue to support the…

India will remove additional duties on eight US products, including chickpeas, lentils and apples, which were imposed in 2019 in response to America's measure to increase tariffs on certain steel and aluminium products, government…

Image sed for representation purpose only. Fitch Ratings on Thursday (June 22) raised its forecast for India's economic growth to 6.3% for current fiscal year 2023-24 from 6% it had predicted previously.This is primarily because of a…

Speaking about AI, the Minister said it is a very important and valuable layer on the progress that has been made by the startups and innovation ecosystem over the last several years. File photo | Photo Credit: Reuters The Indian…

Reform measures taken by the government are helping the economy to grow at a faster pace and the world is now looking at India as a major investment destination, Union Minister Piyush Goyal said on Sunday. He said that central schemes…

India on Friday made a strong pitch for a sovereign rating upgrade with Moody's and also questioned the parameters based on which the US-based agency accords ratings, sources said on Friday. Ahead of its annual review of the sovereign…

Deputy Governor M.D. Patra feels that Emerging Markets and Developing Economies (EMDEs) need to leverage the potential of the services sector to drive productivity | File | Photo Credit: Reuters Reserve Bank of India Deputy Governor M.D.…