DDIndia Business: Economic Headlines & Updates

Business

January 13, 2025 7:02 PM

India set to redefine global trade at 6.4% CAGR over next decade: Report

India is poised to redefine its role in global trade, with a projected compound annual growth rate (CAGR) of 6.4 per cent in trade over the next decade, roughly in line with its high GDP growth, according to a report on Monday. The ASEAN region and ...

January 13, 2025 6:19 PM

India’s retail inflation falls to 4-month low of 5.22% in December

India’s retail inflation rate, based on the Consumer Price Index, fell to a 4-month low of 5.22 per cent in December as prices of vegetables, pulses and sugar eased during the month bringing respite to household budgets, according to figures releas...

January 13, 2025 4:56 PM

Indian Stock Market Plunges Over 1% Amid Mixed Cues

The Indian stock market witnessed a sharp downturn on Monday, with both the Sensex and Nifty indexes plummeting over 1% amid a mix of global and domestic pressures. Strong employment data from the United States suggested fewer rate cuts in 2025, addi...

January 13, 2025 4:14 PM

India faces $14.6 billion tariff burden If US imposes 20% duty: BCG report

India's trade trajectory could face significant headwinds if the United States enforces a 20% across-the-board tariff on imports from the country, according to a report by Boston Consulting Group (BCG). Such a move would add an estimated $14.6 billio...

January 13, 2025 3:32 PM

Saudi Arabia plans to enrich and sell uranium, energy minister says

Saudi Arabia plans to monetize all minerals, including by selling uranium, Saudi energy minister Prince Abdulaziz bin Salman said on Monday. "We will enrich it and we will sell it and we will do a 'yellowcake,'" Prince Abdulaziz told a conference in...

January 13, 2025 3:26 PM

Global stocks tumble as traders cast doubt on 2025 rate cut

Global stocks fell on Monday, while the dollar hit 26-month peaks following a bumper U.S. jobs report that prompted investors to question if interest rates will fall at all this year, just as earnings season is about to get underway. A surge in ener...

January 13, 2025 1:37 PM

Govt expenditure on big infra projects to drive growth in 2025-26: report

The Centre’s capital expenditure on big-ticket infrastructure projects such as highways, railways, power development, and investments in critical sectors like defence is expected to propel India’s economic growth in the financial year 2025-26 and...

January 13, 2025 12:09 PM

Thailand’s cabinet approves draft law to legalise casinos and gambling

Thailand's cabinet has approved a draft law that would legalise gambling and casinos, a move aimed at boosting tourism, jobs and investment, Prime Minister Paetongtarn Shinawatra said on Monday. Under the government's plan, the law, which will be se...

January 13, 2025 11:06 AM

Nifty, Sensex slide nearly 0.9% in early trade; experts predict easing pessimism after January 15

Indian stock markets opened in the red on Monday, with the Nifty 50 and BSE Sensex extending their downward trajectory amid a bearish global outlook. The Nifty 50 index dropped over 1% or 236.10 points to start at 23,195.40, while the BSE Sensex fel...

January 12, 2025 2:44 PM

Maha Kumbh likely to generate over ₹4 lakh crore in trade, boost India’s economy

The Maha Kumbh, set to begin in Prayagraj at the sacred confluence of the Ganga, Yamuna, and Saraswati rivers on Monday, is anticipated to generate over ₹4 lakh crore in trade, providing a significant boost to India's economy. According to industr...