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Economy

July 16, 2024 9:49 PM

IMF further raises India’s growth projection to 7% for 2024; country fastest-growing among major economies

The International Monetary Fund (IMF), in its latest outlook, has raised India's growth projections for 2024 from 6.8 per cent earlier to 7 per cent, with the country maintaining the fastest-growing status in emerging markets and developing economi...

July 16, 2024 5:09 PM

Sensex, Nifty end marginally higher

Indian benchmark indices ended with marginal gains on Tuesday, reflecting a cautious approach from investors wary of stocks being overvalued. The Sensex closed 0.06% higher at 80,716.55, while the Nifty gained 0.11% to end at 24,613. Though the ben...

July 16, 2024 4:50 PM

Domestic air travel in India up 4.28% in first half of 2024

In the first half of 2024 (January-June), domestic airlines in India carried 7.93 crore passengers, reflecting a 4.28% annual growth compared to 7.61 crore passengers in the same period the previous year. On a monthly basis, passenger growth stood at...

July 16, 2024 11:00 AM

Nifty hits all-time high in early trade

Indian benchmark indices rallied in early trade on Tuesday, with the Nifty rising 0.26 percent to touch an all-time high of 24,650.05. It later trimmed the gains and was trading at 24,628.40, up 0.17%, as of 10:10 am. The Sensex, meanwhile, advanced...

July 15, 2024 9:07 PM

Piyush Goyal’s Zurich visit promotes India-EFTA trade and economic partnership

Union Minister of Commerce and Industry Piyush Goyal is on official visit to Switzerland for promoting the India-EFTA Trade and Economic Partnership Agreement (TEPA). On his first day of visit, he highlighted India's growth story through a series of ...

July 15, 2024 5:51 PM

Wholesale inflation in India jumps to 3.36% in June

India's wholesale inflation rate surged to 3.36% in June, up from 2.61% in May, according to data released by the Commerce Ministry on Monday. The increase, measured by the Wholesale Price Index (WPI), was primarily driven by rising food and energy p...

July 15, 2024 4:53 PM

India’s exports surpass $200 billion in Q1, government confident of reaching $800 billion annual target

As India's exports in the first quarter of 2024-25 (April-June) crossed the USD 200 billion mark, the government has expressed its optimism about reaching its full-year target of USD 800 billion. Commerce Secretary Sunil Barthwal expressed optimism ...

July 15, 2024 1:37 PM

India commits to enhancing cooperation with Pacific partners: S Jaishankar

India's External Affairs Minister, S. Jaishankar, has announced the signing of a Memorandum of Understanding (MoU) to fund four community development projects in the Marshall Islands. Speaking at the signing ceremony, Jaishankar reflected on the lon...

July 15, 2024 10:33 AM

Sensex, Nifty opens in green, US Dollar strengthened

Indian markets started the week on a positive note, with both indices gaining marginally during the opening trade on Monday morning. The Nifty 50 index rose by 0.23 percent or 52 points, to 24,555.30, while the BSE Sensex index surged by 0.22 percen...

July 15, 2024 9:24 AM

China’s economy falters as property, consumer pain worsens amid rising uncertainties

China's economy is facing increasing external uncertainties and many domestic difficulties and challenges in the second half, a spokesperson for the National Bureau of Statistics said on Monday. China's GDP growth of 5% in the first half was "hard wo...

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