india economy

New Delhi, April 11 – Despite the global slowdown, India remains one of the fastest-growing major economies in the world, with an expected growth rate of 6.6% in FY27. This is primarily due to higher energy prices resulting from the Middle East conflict and disruptions in supply chains, which...

New Delhi, April 11 – As India’s Unified Payments Interface (UPI) celebrates its 10th anniversary on Saturday, the government announced that the country now accounts for 49% of global real-time payment transactions.The instant payments system processed 21.70 billion transactions in January...

New Delhi, April 10 A key government scheme for processing critical minerals is at an advanced stage of finalization, Mines Secretary Piyush Goyal said on Friday, as India races to secure its supply chain amid global competition for lithium and other vital resources needed for clean energy and...

Mumbai, April 10 The conflict in West Asia may impact India's remittance flow, as one-third of the inflows from the diaspora come from Gulf Cooperation Council countries, according to Crisil Ratings on Friday.The current account deficit can be adversely affected due to a reduction in the...

New Delhi, April 10: India should prepare for geopolitical disruptions every one to two years and use the current lull in geopolitical tensions to push through long-pending structural reforms, said Neelkanth Mishra, a member of the Prime Minister's Economic Advisory Council (EAC-PM) and chief...

New Delhi, April 9 – India’s online retail market is projected to reach approximately $65–66 billion in gross merchandise value (GMV) by 2025, with an annual growth of over 20 per cent, reaching $170–180 billion by 2030. This would capture roughly one in ten retail dollars, according to a report...

New Delhi, April 9 – Railways are set to play a key role in driving India’s economic growth as the country targets a freight capacity of 3,000 million tonnes by 2030, a report has said.According to the ASSOCHAM-AESCLA report, railways currently account for up to 30 per cent of freight...

Mumbai, April 8 – The Reserve Bank of India maintained its key policy rate unchanged on Wednesday, adopting a cautious approach while assessing the impact of the six-week Iran conflict on energy supplies, inflation, and economic growth.The central bank's Monetary Policy Committee voted...

India Bond Yields Ease After US-Iran Ceasefire and RBI Rate Pause Mumbai, April 8: Indian government bond yields declined on Wednesday as market sentiment improved following a conditional ceasefire between the United States and Iran, alongside the Reserve Bank of India’s decision to hold key...

New Delhi, April 8 – The Reserve Bank of India (RBI) on Wednesday estimated India's real GDP growth at 7.6 per cent for FY26 under a new GDP series, while highlighting emerging risks from geopolitical disruptions.The FY26 growth reflects resilience driven by strong services activity...

New Delhi, April 7: Global geopolitical tensions are beginning to weigh on India's economic outlook, but the country is still expected to maintain steady growth, with GDP growth projected at 6.2 per cent for FY2027, a report said on Tuesday.The data, compiled by Morgan Stanley, projects...

New Delhi, April 6 Several companies, including Vedanta and Hindustan Zinc Limited, are likely to participate in a pre-bid conference for the Rs 7,280-crore scheme to promote the manufacturing of sintered rare earth permanent magnets, announced by the Heavy Industries Ministry on Tuesday...

New Delhi, April 6 India's services sector growth momentum slowed to the softest pace in 14 months in March, mirroring the slowdown in new business intakes, a monthly survey said on Monday.The seasonally adjusted HSBC India Services PMI Business Activity Index fell from 58.1 in February to...

New Delhi, April 5 Foreign investors continued to exit Indian equities, withdrawing ₹19,837 crore (USD 2.1 billion) in the first two trading sessions of April, weighed down by the West Asia conflict, rising crude oil prices, and persistent rupee depreciation.This followed a record withdrawal...

Mumbai, April 2 The rupee logged one of its steepest single-day gains in many years and closed 152 paise higher at 93.18 against the US dollar on Thursday after the Reserve Bank stepped in with a slew of measures to restrict banks from onshore forward markets.The domestic unit, however...

RBI Interest Rate Hike Unlikely Unless Crude Oil Prices Remain Above $100 New Delhi, April 2 – The Reserve Bank of India is unlikely to raise interest rates at its upcoming Monetary Policy Committee meeting next week, according to a report released on Thursday. The report suggests that the RBI’s...

India Manufacturing PMI Slows to Four-Year Low in March Amid Rising Costs and Global Uncertainty New Delhi, April 2: India’s manufacturing sector growth moderated sharply in March, with the Purchasing Managers’ Index (PMI) slipping to its lowest level in nearly four years, reflecting mounting...

New Delhi, April 2 – India’s primary market has started 2026 on a strong note, with initial public offerings (IPOs) raising $2.5 billion in the first quarter, marking a 7.8 per cent increase year-on-year (YoY) and the highest first-quarter performance since 2018, according to a new report...

New Delhi, April 1 India Ratings and Research (Ind-Ra) said on Wednesday that the corporate credit profile has remained strong for the fifth consecutive year in 2025-26, supported by domestic policy measures and favorable macroeconomic conditions.Disruptions related to tariffs were largely...

New Delhi, March 31 – India’s alternative investment industry is poised for significant expansion, with total assets under management (AUM) expected to reach around $276 billion by 2030, up from $152 billion in December 2025, according to a new report released on Tuesday.The CareEdge Ratings...