Economy Archives - Page 25 of 257

Economy

August 20, 2025 2:39 PM

Marine fish production rises to 44.95 lakh tonnes; govt pushes climate-resilient strategies

India’s marine fish production has registered a sharp rise from 34.76 lakh tonnes in 2020-21 to 44.95 lakh tonnes in 2023-24, marking an annual average growth rate of 8.9 per cent, Minister of State for Fisheries, Animal Husbandry and Dairying Geor...

August 20, 2025 12:46 PM

GST 2.0 to unleash consumption boost, higher tax revenue, lower inflation

According to an SBI Research report, proposed GST 2.0 reforms are expected to provide a net positive impact on the Indian economy, despite a projected revenue loss. The report estimates an average annual revenue loss of around Rs 85,000 crore from t...

August 20, 2025 10:09 AM

Nifty, Sensex open flat as FPI outflows weigh on sentiment despite govt boosters

Indian stock markets opened flat on Tuesday as continuous foreign portfolio investor (FPI) outflows kept indices in check, even as the government recently announced several consumption-boosting measures. The Nifty 50 index opened at 24,965.80, sli...

August 19, 2025 8:49 PM

India’s growth momentum intact despite US tariffs: S&P global ratings

India’s long-term growth prospects remain strong despite higher US tariffs, according to S&P Global Ratings, which upgraded the country’s sovereign credit rating to “BBB” with a stable outlook — the first such upgrade in 18 years. The ...

August 19, 2025 4:35 PM

Indian stock market rally continues, Sensex jumps 370 points

Indian benchmark indices extended their gains for a second straight session on Tuesday, driven by optimism over GST rationalisation and positive global cues. The Sensex closed at 81,644.39, up 370 points (0.46%), after opening higher at 81,439.11 ag...

August 19, 2025 4:34 PM

India’s GDP growth projected at 6.7% in Q1 FY2026, higher than RBI target of 6.5%: ICRA

India's GDP growth projection is at 6.7 per cent in the first quarter of the current financial year, which is higher than the RBI's estimate of 6.5 per cent, according to rating agency ICRA. The agency noted, however, that GDP expansion has eased fro...

August 19, 2025 1:56 PM

FASTag annual pass crosses 5 lakh users in four days of launch

The FASTag Annual Pass facility has crossed five lakh users within just four days of its launch, the Ministry of Road Transport and Highways announced on Monday. Launched on August 15, the annual pass offers commuters “a seamless and economical tr...

August 19, 2025 1:54 PM

India’s InvIT market poised to surge 3.5 times to $258 billion by 2030: Report

The total Assets Under Management (AUM) of Infrastructure Investment Trusts (InvITs) in India have reached $73 billion in FY 2025, driven by large-scale infrastructure investments. This figure is projected to grow 3.5 times to $257.9 billion by 2030,...

August 19, 2025 12:16 PM

IBC facilitates recovery of ₹3.89 lakh crore from 1,194 resolved firms, boosting ease of doing business: govt

The Insolvency and Bankruptcy Code (IBC) has led to the successful resolution of 1,194 companies, enabling creditors to recover a total of ₹3.89 lakh crore, Minister of State for Corporate Affairs Harsh Malhotra informed the Lok Sabha on Monday. A...

August 19, 2025 10:21 AM

OpenAI rolls out cheapest ChatGPT plan at $4.6 in India to chase growth

ChatGPT maker OpenAI on Tuesday launched ChatGPT Go, a new India-only subscription plan priced at 399 rupees ($4.57) per month, its most affordable offering yet, as the company looks to deepen its presence in its second-largest market. Global compan...

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