DDIndia Business: Economic Headlines & Updates

Business

January 19, 2026 10:45 AM

India set to transition to upper middle income country by 2030: SBI Research

India is set to reach $4,000 per capita income by 2030, enabling it to transition to an upper middle-income country and join China and Indonesia in the current classification, an SBI Research report said on Monday. India took 60 years since Independ...

January 19, 2026 9:28 AM

Stocks and dollar slip in Asia, China data a mixed bag

Stock markets slid in Asia on Monday after President Donald Trump threatened to slap extra tariffs on eight European nations until the U.S. is allowed to buy Greenland, pushing the dollar down against the safe-haven yen and Swiss franc. Gold and sil...

January 18, 2026 3:07 PM

Elon Musk seeks up to $134 billion from OpenAI and Microsoft

Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, saying he deserves the "wrongful gains" that they received from his early support, according to a court filing on Friday. OpenAI gained between $65.5 billion and $109.4 billion from ...

January 18, 2026 11:00 AM

Andaman & Nicobar Islands to emerge as hub of India’s Blue Economy: Jitendra Singh

Union Minister of State (Independent Charge) for Science and Technology and Earth Sciences, Dr Jitendra Singh, on Saturday said the Andaman and Nicobar Islands are being developed as a major hub of India’s Blue Economy, with a focus on harnessing m...

January 18, 2026 10:01 AM

Trump vows tariffs on eight European nations over Greenland

President Donald Trump on Saturday vowed to implement a wave of increasing tariffs on European allies until the United States is allowed to buy Greenland, escalating a row over the future of Denmark's vast Arctic island. In a post on Truth Social, T...

January 18, 2026 10:05 AM

EU and Mercosur sign trade deal after 25 years of negotiations

Top officials from the EU and the South American bloc Mercosur signed a free trade agreement on Saturday in Paraguay, paving the way for the European Union's largest-ever trade accord after 25 years of negotiations. The agreement, designed to lower ...

January 16, 2026 10:45 PM

Piyush Goyal highlights rising self-confidence among India’s youth at ‘Startup Pe Charcha’

Union Minister for Commerce and Industry Piyush Goyal on Friday said one of the most striking changes in a resurgent India is the growing self-confidence among its youth, as young Indians increasingly embrace risk-taking, entrepreneurship and innovat...

January 16, 2026 10:36 PM

EAM Jaishankar calls for ‘de-risking’ global economy at 18th India-Japan Strategic Dialogue

External Affairs Minister S. Jaishankar on Friday underlined the need to “de-risk” the global economy, asserting that economic security has become “particularly paramount” in the current uncertain international environment. He also reiterated...

January 16, 2026 6:33 PM

IMF’s growth forecasts to show resilience to global trade shocks, Georgieva says

The International Monetary Fund's latest economic forecasts due next week will show the global economy's continued resilience to trade shocks and "fairly strong" growth, IMF Managing Director Kristalina Georgieva told Reuters on Thursday. In an inte...

January 16, 2026 4:35 PM

Sensex, Nifty close week with gains on positive cues

Indian equity markets ended marginally higher on Friday, before surrendering most of their intra-day gains in the afternoon session. At the closing bell, the Sensex added 187 points, or 0.23 per cent, to settle at 83,570. The Nifty advanced 28 point...