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Union Finance Minister Nirmala Sitharaman addresses a gathering during the CII Global Economic Policy Forum 2024, in New Delhi on December 11, 2024. | Photo Credit: PTI Finance Minister Nirmala Sitharaman on Wednesday (December 11, 2024) stressed that India Inc.’s commercial considerations should blend with the economy, nation’s priorities and strategic needs. Asking the industry…
The world is bullish on India, the country’s top economist, currently Executive Director of the International Monetary Fund (IMF) has said, noting that India’s public digital infrastructure and inclusive growth is not only being talked about but also applauded by the International community. “I think the Indian economy has been growing overall very well. Post-COVID,…
The GoM report is expected to be discussed by the GST Council on December 21(Representational) New Delhi: Shares of ITC, Varun Beverages and Godfrey Phillips India ended lower on Tuesday after the Group of Ministers on GST rate rationalisation decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to…
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The Centre’s fiscal deficit at the end of the first seven months of financial year 2024-25 touched 46.5% of the full-year target, government data showed on Friday (November 29, 2024). In absolute terms, the fiscal deficit — the gap between Government’s expenditure and revenue — was at ₹7,50,824 crore during April-October period, according to data…
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The government is considering changing the base year for computation of the GDP to 2022-23 in February 2026 to reflect an accurate picture of the economy, a top Government official said. This will be the first revision in over a decade. It was last done in 2011-12. Also read: India’s real GDP growth slumps to…
Image used for representative purpose only | Photo Credit: Getty Images/iStockphoto S&P Global Ratings on Monday (November 25, 2024) revised down its estimate for India’s economic growth in the next two financial years as high interest rate and lower fiscal impulse temper urban demand. In an update to its economic forecast for Asia-Pacific economies after…
Read More “S&P cuts India’s GDP growth forecast for FY26, FY27” »
India ranked 10th on a list of over 60 countries assessed for efforts to fight climate change despite dropping two spots compared to last ago, thanks to its low per capita emissions and rapid deployment of renewables, a report said on Wednesday (November 20, 2024). The Climate Change Performance Index (CCPI 2025) report, released at…
Read More “India drops two places but remains among top 10 climate performers: Report” »
Moody’s said household consumption in India is poised to grow (Representational) New Delhi: Indian economy is in a sweet spot, with a mix of solid growth and moderating inflation, Moody’s Ratings said, forecasting a 7.2 per cent GDP growth in the 2024 calendar year and 6.6 per cent in the next. In its Global Macro…
Read More “Indian Economy In “Sweet Spot”, Says Moody’s, Forecasts 7.2% Growth In 2024” »
Finance Ministry acknowledged emerging concerns of softening consumer sentiments and faltering demand, particularly in urban India, as well as a moderation in industrial momentum in recent months, even as it maintained that the economy will grow between 6.5% and 7% through 2024-25. The Finance Ministry on Monday (October 28, 2024) acknowledged emerging concerns of softening…
Read More “Finance Ministry flags softer urban demand, factory output” »
Representational image of rice grains being winnowed at a paddy field in Kerala. India has revoked the export duty on parboiled rice | Photo Credit: K.K. Mustafah The Union Government has scrapped the export tax on parboiled rice, it said in an official order on Tuesday (October 22, 2024), as inventories across India — the…
Read More “India scraps export tax on parboiled rice to boost exports” »