DDIndia Business: Economic Headlines & Updates

Business

December 12, 2024 3:57 PM

India’s exports to cross USD 1 trillion in next 2.5 years: Piyush Goyal

Union Minister for Commerce and Industry Piyush Goyal on Thursday expressed optimism about India's economic growth, projecting that the country's exports will surpass USD 1 trillion within the next two to two-and-a-half years. Speaking at the India ...

December 12, 2024 2:06 PM

India’s Nov vegetable oil imports hit 4-month high on festive demand

India's vegetable oil imports surged to a four-month high in November as refiners ramped up purchases of soyoil and sunflower oil, replenishing inventories after robust festival season demand, a leading trade body said on Thursday. The country's veg...

December 12, 2024 2:21 PM

Mark Mobius praises India’s 6-7% growth, cites strong infrastructure as key driver

India’s ability to manage inflation without compromising growth will be pivotal in attracting sustained foreign investments, renowned investor Mark Mobius said on Thursday. He added that from a macroeconomic perspective, a 6-7 percent growth rate i...

December 12, 2024 12:34 PM

Piyush Goyal stresses balanced approach in India-EU FTA talks

Union Commerce and Industry Minister Piyush Goyal on Wednesday held discussions with ambassadors from the European Commission and 17 EU member states, focusing on advancing the India-EU Free Trade Agreement (FTA) and exploring deeper economic collabo...

December 12, 2024 12:21 PM

India’s $2.2 trillion infrastructure drive to fuel $7 trillion economy by 2030, boosting private investment

An estimated $2.2 trillion investment in infrastructure development is crucial for India to expand its GDP to $7 trillion by 2030, according to a report released on Thursday. To achieve this ambitious economic size, India’s economy must grow at a ...

December 12, 2024 10:39 AM

Sensex, Nifty open flat as markets await CPI data

India’s benchmark indices opened flat on Thursday, ahead of the release of crucial Consumer Price Index (CPI) inflation data. The Nifty 50 slipped by 37.35 points, or 0.15 percent, to 24,604.45, while the Sensex dipped 49 points, or 0.06 percent, t...

December 11, 2024 9:45 PM

Continuity, inclusion, and innovation will be priorities, says RBI Governor Sanjay Malhotra

Sanjay Malhotra, the newly appointed Governor of the Reserve Bank of India (RBI), outlined his vision for the central bank after assuming office on Wednesday. Malhotra emphasized that his tenure would focus on policy continuity, financial inclusion, ...

December 11, 2024 5:37 PM

National Maritime Heritage Complex a monumental tribute to India’s maritime history: Union Minister Sonowal

The development of the National Maritime Heritage Complex at Gujarat's Lothal is set to serve as a monumental tribute to India's ancient maritime history, bringing to life the technological advancements, trade routes, and cultural exchanges that our ...

December 11, 2024 5:17 PM

Stock market ends flat amid year-end consolidation; eyes on US CPI data

The Indian stock market witnessed a subdued trading session on Wednesday, closing nearly flat as investors opted for caution in the lead-up to year-end. The BSE Sensex slipped by 13.34 points, ending at 81,496.70, while the NSE Nifty declined by 20.2...

December 11, 2024 5:07 PM

Indian auto component industry makes strong showing at Automechanika Dubai 2024

The 21st edition of Automechanika Dubai, the West Asia's largest automotive aftermarket trade exhibition, opened its doors at the Dubai World Trade Centre with unprecedented Indian participation, reflecting the country's growing influence in the glob...