"indian-economy"

Prime Minister Narendra Modi highlighted India’s dependence on foreign nations as its biggest challenge, advocating self-reliance in sectors from semiconductor chips to shipping. He announced major reforms and investment plans to strengthen India’s maritime industry and overall economic independence

Chief Economic Adviser V Anantha Nageswaran said urban demand may be stronger than reflected in official data, citing UPI growth and SME spending. He projected FY26 growth at 6.3–6.8 per cent and emphasised the need for innovation to sustain exports

The GST 2.0 rationalisation has reduced rates across textiles and logistics, easing structural anomalies, cutting costs, and boosting demand. The reforms will make garments more affordable, lower freight costs, strengthen SMEs, and enhance India’s export competitiveness, particularly in textile

Billionaire investor Mark Mobius praised Prime Minister Narendra Modi on his 75th birthday, crediting him for India’s economic growth, digitalisation, and global rise, as celebrations included major health, welfare, and textile initiatives.

Ch V Sai Prasad highlighted systemic weaknesses in India’s economy, urging reduced dependence on foreign goods and stronger manufacturing. He noted the ongoing US tariff war is manageable but resilience is crucial for India’s ambition to become a global superpower

Finance Minister Nirmala Sitharaman said the next generation of GST reforms will simplify compliance, benefit small businesses, and boost transparency. She praised banks for improved asset quality, noted record GDP growth, low inflation, and underlined trust, technology, and transparency as guiding principles

India’s economy continues to grow robustly despite US tariffs, with domestic consumption driving 68% of GDP. Corporate investments, like Apple’s $2.5 billion India expansion, signal confidence, highlighting risks that Trump’s confrontational trade stance could weaken America’s long-term strategic and economic position.

RBI Governor Sanjay Malhotra stressed that the central bank remains focused on growth despite tariff and geopolitical challenges. He urged banks and corporates to revive investments, assured sector-specific support, and confirmed upcoming measures to expand credit and enhance financial inclusion

With numbers rising from 6.48 crore in FY20 to 8.56 crore in FY25 officials attribute the surge to digitisation, policy reforms, and compliance measures

The government has waived the 11 per cent duty on raw cotton imports till September 30 to ease supply pressures on the textile industry. The relief coincides with Indian exporters facing a steep 50 per cent tariff in the US

India is actively negotiating Free Trade Agreements (FTAs) with multiple countries including the US, EU, Oman, Chile, Peru, and New Zealand, Commerce Minister Piyush Goyal said during the BT India @100 event. With India now the world’s fourth-largest economy, Goyal affirmed that the nation is on track to become the third-largest.

US tariffs on Indian exports, set to take effect August 7, will have a minimal GDP impact of 0.19%, affecting $8.1 billion in trade, says PHDCCI. The think tank has outlined a four-pronged plan to manage the fallout.

Prime Minister Narendra Modi reiterated the government’s commitment to farmers and small industries amid rising global trade tensions. Responding to Trump’s tariff hike and claims about Russian oil, India stressed economic self-reliance and denied halting energy imports from Moscow

New Delhi must absorb the tariffs temporarily without rushing into a one-sided deal

The real estate firm's net profit touched Rs 598 crore, while sales booking fell 18 per cent to Rs 7,082 crore due to a high base effect

Congress leader Rahul Gandhi attributed this to BJP's policies, further claiming a US trade deal will be dictated by Trump. Gandhi also criticised the government's handling of foreign policy and its alleged impact on India's global standing

Commerce Minister Piyush Goyal criticised UPA-era trade deals and confirmed ongoing talks with the EU, US, and other nations

Aiming for a final deal by end-2025, an interim agreement is being explored as talks progress, with the next round scheduled for September

RBI’s June 2025 Financial Stability Report highlights India's improving banking health. However, rising household and public debt, and rapid unsecured retail lending point to potential risks amid uncertainties

NTPC’s board has approved raising up to ₹18,000 crore via non-convertible debentures (NCDs) or bonds through private placement in the domestic market. Shareholders’ approval will be sought through a postal ballot, and funds will be raised in up to 12 tranches