Government sources have told CNBC-TV18 that, for now, India will wait and watch for the developed world to levy tariffs on Indian exports of steel and steel products. With little clarity on the extent of tariffs slated to be imposed by the United States, India plans to devise its trade strategy and take steps to … Read more
There is a “very small” chance that the US economy tips into a recession, despite the uncertainty surrounding global trade policy, according to Goldman Sachs Group Inc. Chief Executive Officer David Solomon. President Donald Trump is executing on the view that imbalances exist in trade, Solomon said at the Australian Financial Review Business Summit in … Read more
The government has slashed the import tariff price of gold by $11 per 10 grams, bringing it down to $927 per 10 grams. The move comes amidst ongoing selling pressure on the yellow metal, largely driven by a rebound in the dollar index and profit-taking. The import tariff price of gold refers to the base … Read more
President Xi Jinping heads into China’s biggest political huddle of the year with his economy finally getting back some swagger. Donald Trump’s rising tariffs will test Beijing’s ability to sustain that momentum. Breakthroughs in artificial intelligence and Xi’s recent embrace of private entrepreneurs such as Alibaba’s Jack Ma have driven a blistering equity rally ahead … Read more
India’s GDP numbers, announced on Friday, February 28, point to a decent recovery in economic growth, with consumption and employment-generating sectors contributing significantly to third-quarter GDP. Additionally, these numbers come on a base that is revised sharply higher. But what we need to ask is whether this recovery is enough to stop the sharp sell-off … Read more
India Business News LIVEBLOG: The Indian automobile industry is set to release its highly anticipated February 2025 car sales data on Saturday, March 1, offering valuable insights into market trends, consumer demand, and industry performance. Major players like Maruti Suzuki, Hyundai, Tata Motors, and Mahindra will be in focus, with attention also on the growing … Read more
India’s debt management strategies, including “just-in-time” fund releases and consolidation of government accounts, has saved the country ₹26,000 crore in interest costs, Finance Minister Nirmala Sitharaman said today. Speaking on the government’s fiscal management and new accounting systems, the FM emphasised the importance of keeping India “lean and well-managed” in terms of debt. She highlighted … Read more
India’s economy grew by 6.2% in the October-December quarter (FY25), recovering from a seven-quarter low, but still falling short of last year’s growth and facing increasing challenges amid the looming threat of a US tariff war. A CNBC-TV18 poll had estimated India’s Q3 GDP growth at 6.2%. According to the latest data released by the … Read more
India Q3 GDP Data Live: Chief Economic Adviser V. Anantha Nageswaran highlighted that India’s growth rate remains strong compared to both advanced and developing economies. Speaking at a briefing following the release of GDP data, he stated that the figures signal a positive growth trajectory for FY26 and beyond. India Q3 GDP Data Live: Chief … Read more
The Bureau of Economic Analysis’ second estimate of fourth quarter US gross domestic product (GDP) remained unchanged from the advance estimates, showing an annualised growth of 2.3% in Q4 2024. However, inflation remained stickier than expected, complicating the Federal Reserve’s outlook on monetary policy. Consumer spending, the backbone of the economy, advanced at a robust … Read more