Economy Archives - Page 53 of 259

Economy

June 15, 2025 11:01 AM

India on track to become world’s third-largest economy by 2029: Sarbananda Sonowal

Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal said on Saturday that India is firmly on track to become the world’s third-largest economy by 2029, crediting 11 years of Prime Minister Narendra Modi’s “decisive and corruption...

June 14, 2025 6:22 PM

Structural reforms in last 11 years reshaped India’s macroeconomic fundamentals: FM Sitharaman

Structural reforms implemented over the last 11 years under Prime Minister Narendra Modi’s leadership have reshaped India’s macroeconomic fundamentals, Finance Minister Nirmala Sitharaman said on Saturday. India’s emergence as the fastest-gr...

June 13, 2025 5:05 PM

India-UK FTA likely to unlock extra trade worth 25.5 billion pounds: UK diplomat

The India-UK Free Trade Agreement, which eliminates tariffs on 99 per cent of Indian exports to the UK and 90 per cent of UK exports to India, will unlock 25.5 billion pounds in additional trade value, according to UK Trade Commissioner for South Asi...

June 13, 2025 3:06 PM

Inflation to average 2.5% over next six months: HSBC

India’s inflation is expected to average around 2.5 per cent over the next six months, according to a report by HSBC Global Research released on Friday. The report attributed the softer inflation outlook to a high base effect from last year, as we...

June 13, 2025 2:35 PM

Gold crosses ₹1 lakh on MCX as Israel-Iran tensions fuel safe-haven demand

Gold prices on the Multi Commodity Exchange (MCX) opened sharply higher on Friday, breaching the ₹1 lakh mark per 10 grams for the first time. The rally was driven by rising geopolitical tensions in the Middle East, which boosted safe-haven demand ...

June 13, 2025 10:28 AM

Indian stock market opens in red as Israel-Iran tensions rise

Indian benchmark indices opened sharply lower on Friday as escalating tensions between Israel and Iran rattled investor sentiment. Heavy selling pressure was witnessed in auto, IT, financial services, and PSU bank stocks during early trade. At aroun...

June 12, 2025 5:26 PM

India’s inflation falls to 2.82% in May 2025, lowest since February 2019

India’s Consumer Price Index (CPI) inflation rate dropped to 2.82% in May 2025, marking the lowest year-on-year rate since February 2019, according to the Ministry of Statistics & Programme Implementation. This provisional figure, measured agai...

June 12, 2025 4:56 PM

India’s digital economy expected to contribute one-fifth of national income by 2029-30

As Prime Minister Narendra Modi marks 11 years in office, India’s digital economy is poised to become a cornerstone of national growth, projected to account for nearly one-fifth of the country’s income by 2029-30. According to the State of India�...

June 12, 2025 3:07 PM

Indian startups, emerging entities attract over $150 billion funding in a decade: Piyush Goyal

There has been a surge in private investments in the last 11 years, with Indian startups and emerging entities attracting significant private funding to the tune of over $150 billion in the past decade, Commerce and Industry Minister Piyush Goyal sai...

June 12, 2025 11:58 AM

India, EU committed to inclusive growth through FTA: Piyush Goyal

Union Commerce and Industry Minister Piyush Goyal on Thursday said that the proposed India-EU Free Trade Agreement (FTA) reflects a shared commitment to deepening economic ties and fostering inclusive growth across regions. Speaking at the India-Swe...

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