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Economy

  • Economy

    Significant growth in coal production and dispatch from captive and commercial mines

    by ANI December 2, 2024
    by ANI December 2, 2024

    Coal production and dispatch from captive and commercial mines has shown remarkable growth as compared to the previous year says a press release by the Ministry of coal, the government …

  • Economy

    Agriculture growth expected to remain strong in second half of FY25: Bank of Baroda

    by ANI December 2, 2024
    by ANI December 2, 2024

    The agriculture sector is expected to maintain robust growth in the second half of FY25, driven by favorable monsoon conditions, higher reservoir levels, and healthy Rabi snowing, according to a …

  • Economy

    India spent $14 tn on investments since Independence, more than half of it spent in last 10 yrs: Report

    by ANI November 23, 2024
    by ANI November 23, 2024

    India’s economic growth story has witnessed a remarkable surge in investment spending, with over half of the USD 14 trillion invested since Independence being spent in the last decade alone, …

  • Economy

    India’s steel industry to grow at 8%; capacity to rise by 20 million tons by FY2027: report

    by ANI November 20, 2024
    by ANI November 20, 2024

    The annual capacity of India’s steel industry will increase by 20 million tons between the financial year (FY) 2025-27, says Acuite Ratings & Research in its recent report. The report …

  • Economy

    COP29: India expresses dissatisfaction with developed countries over climate finance

    by ANI November 17, 2024
    by ANI November 17, 2024

    At the ongoing COP29 climate conference in Azerbaijan, India expressed dissatisfaction on the insistence of developed countries to expand the scope of the Mitigation Ambition and Implementation Work Programme (MWP) …

  • Economy

    Indian equity market delivered stronger returns than China’s equity market since 2000

    by ANI November 16, 2024
    by ANI November 16, 2024

    Indian equity markets have delivered stronger returns compared to China’s equity markets since 2000, highlighted a report by Deutsche Bank The report noted that while China has experienced robust economic …

  • Economy

    India records decade-high October exports, hits USD 39.2 billion milestone

    by ANI November 16, 2024
    by ANI November 16, 2024

    India has achieved a significant milestone by recording its highest-ever merchandise exports of USD 39.2 billion for October month in the last decade, highlighting the country’s growing strength in global …

  • Economy

    Economies like India set to drive next wave of Asia’s growth, China’s contribution to decline: Morgan Stanley

    by ANI November 14, 2024
    by ANI November 14, 2024

    Economies like India are set to drive the next wave of Asia’s growth as the China’s contribution to the region’s growth is set to decline, highlighted a report by Morgan …

  • Economy

    Pakistan seeks Saudi, Chinese support to bridge USD 5 billion funding gap

    by ANI November 14, 2024
    by ANI November 14, 2024

    Pakistan is relying on assurances from Saudi Arabia and China to address a USD 5 billion external financing gap, with hopes of securing a debt rescheduling agreement with China and …

  • Economy

    India will continue to be vocal about climate finances at COP29

    by ANI November 12, 2024
    by ANI November 12, 2024

    India will continue to be vocal about climate finance arrangements, primarily from the developed countries that are huge carbon emitters, sources said. The 29th Conference of the Parties (COP) kick-started …

  • Economy

    India’s index of industrial production shows 3.1 per cent growth in September 2024

    by ANI November 12, 2024
    by ANI November 12, 2024

    India’s industrial sector demonstrated renewed momentum as the Index of Industrial Production (IIP) recorded a growth rate of 3.1 per cent in September 2024. According to the Ministry of Statistics …

  • Economy

    FDIs may shift to US under Trump 2.0 but it won’t impact FDIs inflow to India: SBI Report

    by ANI November 11, 2024
    by ANI November 11, 2024

    India could see a shift in foreign direct investment (FDI) trends in the second term of Donald Trump (Trump 2.0) as President of the United States, says a research report …

  • Economy

    Nirmala Sitharaman launches National MSME Cluster Outreach Programme; inaugurates new SIDBI Branches in Bengaluru

    by ANI November 10, 2024
    by ANI November 10, 2024

    Union Minister for Finance and Corporate Affairs Nirmala Sitharaman has launched the National MSME Cluster Outreach Programme, organised jointly by the Department of Financial Services (DFS), Ministry of Finance, Government …

  • Economy

    India’s Services Index surged to 58.5 in Oct, services employment grew at fastest rate in 26 months

    by ANI November 6, 2024
    by ANI November 6, 2024

    India’s services sector witnessed a robust performance in October, as the Service PMI index surged to 58.5, up from a ten-month low of 57.7 in September, according to HSBC India …

  • Economy

    GST collections in October increase by 9% to Rs 1.87 lakh crore

    by ANI November 1, 2024
    by ANI November 1, 2024

    Goods and Services Tax (GST) collections in October, in gross terms, were at Rs 1.87 lakh crore, with a yearly jump of 8.9 per cent, according to data from the …

  • Economy

    New payment systems could weaken dollar dominance and spike De-dollarization: JP Morgan

    by ANI October 30, 2024
    by ANI October 30, 2024

    The signs of De-dollarization are evident in the commodities space, where energy transactions are increasingly priced in non-USD currencies, highlighted a report by JP Morgan. “Some signs of de-dollarization are …

  • Economy

    Piyush Goyal says “continuous efforts” by PM Modi’s govt raising India’s economic stature

    by ANI October 21, 2024
    by ANI October 21, 2024

    Citing the latest ‘The Great Powers Index: 2024’ report of veteran investor Ray Dalio which asserted that India will witness strong economic growth over the next decade, Union Minister Piyush …

  • Economy

    Indian chemical industry set for 15-20 pc growth amid China’s struggles with unused capacity: Report

    by ANI October 21, 2024
    by ANI October 21, 2024

    The Indian chemical industry is gearing up to capture a bigger share of the global market as China struggles with unused production capacity, which is likely to keep chemical prices …

  • Economy

    India’s mining and construction equipment industry to expand by 70-80 pc in next 5 years: ICRA

    by ANI October 12, 2024
    by ANI October 12, 2024

    India’s mining and construction equipment (MCE) industry is poised for significant growth, with localisation levels expected to increase to 70-80 per cent in the next 5-7 years, highlighted ICRA in …

  • Economy

    RBI projects 7.2 pc GDP growth for FY25, CPI inflation to moderate at 4.5 pc

    by ANI October 9, 2024
    by ANI October 9, 2024

    The Reserve Bank of India (RBI) has projected India’s real GDP growth for FY25 at 7.2 per cent, while CPI inflation for the fiscal year is expected to moderate to …

  • Economy

    RBI keeps repo rate unchanged at 6.5 pc, changes stance to neutral to align inflation with growth

    by ANI October 9, 2024
    by ANI October 9, 2024

    Reserve Bank of India (RBI) Governor Shaktikanta Das announced during the Monetary Policy Committee (MPC) meeting that the central bank has decided to keep the policy repo rate unchanged at …

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