Tag: Goods and Services Tax rate reductions

Too good to last: On November’s industrial data, the Indian economy

December 30, 2025 admin

India’s relatively strong industrial performance in November 2025, especially driven by the manufacturing sector as it was, was more likely a flash in the pan than the start of a consistent trend. The Index of Industrial Production (IIP) grew 6.7% in November, the fastest growth rate in 25 months. Within this, the manufacturing sector grew…

Business

Temporary relief: On trade performance, deeper distress ahead

December 18, 2025 admin

India’s remarkable merchandise trade performance in November should come as some relief for the government, but should not be the basis for any complacency. India’s merchandise exports, hit by the stiff headwind of 50% tariffs by the United States, the biggest export destination, unexpectedly grew 19.4% to $38.1 billion in November 2025. This is the…

Business