Economy Archives - Page 89 of 316

Economy

August 7, 2025 9:01 AM

Asian stocks climb, dollar droops on Fed easing bets

Asian equities rose on Thursday, with Japanese shares hitting a record high, as tech-led gains on Wall Street, upbeat earnings and growing expectations for U.S. rate cuts boosted sentiment. The prospect of a meeting between U.S. President Donald...

August 7, 2025 8:33 AM

Trump imposes additional 25% tariff on Indian imports; economists warn of impact on growth

U.S. President Donald Trump has imposed an additional 25% tariff on imports from India, a move economists say could dent India’s GDP growth in FY26 by up to 0.4%. Sonal Badhan, Economics Specialist at Bank of Baroda, told ANI, “We had initia...

August 6, 2025 11:13 PM

India’s financial inclusion surges as RBI’s Index hits 67 in 2025

India’s journey towards a financially inclusive economy gained significant momentum as the Reserve Bank of India’s Financial Inclusion Index (FI-Index) rose to 67 in March 2025, marking a 24.3 percent increase since its inception in 2021, accordi...

August 6, 2025 7:52 PM

India, Russia sign protocol to deepen industrial ties at 11th Working Group Session

India and Russia on Wednesday reaffirmed their strategic partnership and signed a key protocol to boost cooperation in sectors including aluminium, fertilizers, railways, and mining technology, during the 11th session of the India-Russia Working Grou...

August 6, 2025 3:22 PM

Jan Dhan account holders can complete re-KYC at camps till September 30: RBI

As the Pradhan Mantri Jan Dhan Yojana (PMJDY) completes a decade, a large number of account holders are now due for re-KYC (Know Your Customer) updates, the Reserve Bank of India said on Wednesday. RBI Governor Sanjay Malhotra, in his Monetary Polic...

August 6, 2025 3:06 PM

India’s mobile exports grow 127%, electronics output jumps sixfold since 2014

India’s electronics manufacturing sector has seen a sixfold rise in production and an eightfold surge in exports over the past 11 years, according to government data presented in Parliament on Wednesday. The production of electronic goods rose fro...

August 6, 2025 3:13 PM

RBI MPC: home loan EMIs and interest rates unchanged as central bank holds repo rate at 5.50%

The Reserve Bank of India’s Monetary Policy Committee (RBI-MPC) on Wednesday decided to keep the repo rate unchanged at 5.50 per cent during its bi-monthly policy review. Keeping the repo rate steady means that Equated Monthly Instalments (EMIs) a...

August 6, 2025 4:20 PM

US tariffs likely to impact just 0.19% of India’s GDP: Industry

The proposed US tariffs on Indian goods will have a “manageable” impact on the country’s economy, affecting just 0.19 per cent of India’s GDP, according to industry leaders. The tariffs are expected to affect exports to the US worth appr...

August 6, 2025 2:42 PM

US tariff hike unlikely to impact Indian economy significantly: RBI Governor

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said that the recent US tariff hike is not expected to have a major impact on the Indian economy, unless retaliatory tariffs come into play. Addressing a press conference following th...

August 6, 2025 12:44 PM

RBI retains India’s GDP growth forecast at 6.5% for FY 2025-26

The Reserve Bank of India (RBI) on Wednesday retained its GDP growth forecast for India at 6.5% for the financial year 2025-26, citing robust rural demand supported by a favourable monsoon and continued government expenditure on large-scale infrastru...

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