Andrew Tilton, Chief Asia Pacific Economist at Goldman Sachs, expects reciprocal tariffs to be implemented in April in line with US President Donald Trump’s recent announcements. “We expect an impact between 10 and 30 basis points (on India’s GDP). So not a huge impact. India’s exports directly to the US are about 2% of Indian … Read more
In a significant move, the Uttar Pradesh government has announced a robust ₹8.08 lakh crore budget for the financial year 2025-26, prioritising critical sectors like education, healthcare, and agriculture. Key allocations include ₹1.06 lakh crore for education,₹50,550 crore for healthcare, and ₹89,353 crore for agriculture and rural development, signaling the state’s commitment to the well-being … Read more
As part of its efforts to enhance transparency and streamline statistical reporting, the Ministry of Statistics and Programme Implementation (MoSPI) has released the Advance Release Calendar for 2025-26. Company Value Change %Change This comprehensive schedule outlines the planned publication dates for key macroeconomic indicators such as GDP, IIP, and CPI, along with survey reports including … Read more
India’s GDP growth for the third quarter (October-December) of FY2024-25 is projected to reach 6.2–6.3%, driven by strong demand, capital expenditure (Capex) trends, and improved financial performance in India Inc., according to a report compiled by SBI economists. Company Value Change %Change Released on Wednesday, February 19, the SBI report suggests that the dip observed … Read more
SUMMARY Rajasthan Deputy Chief Minister and Finance Minister Diya Kumari presented the state Budget for 2025-26. The Budget focuses on employment, infrastructure, and water supply, with a vision to make Rajasthan a $350 billion economy by 2030. Here’s a look at the key highlights: By Anshul February 19, 2025, 1:22:56 PM IST (Published)
Andhra Pradesh Chief Minister N Chandrababu Naidu on Monday said that the temple economy “valued at ₹6 lakh crore” is the largest economic activity in the country. Addressing the International Temples Convention & Expo (ITCX), Naidu said that the temple economy is an area where activities take place throughout the year. “With India’s temple economy … Read more
Speaking at the inaugural session of the India-Qatar Business Forum in New Delhi, Commerce and Industry Minister Piyush Goyal welcomed the growing energy trade with the West Asian country while noting that the goal is to transition to new age technologies forming the bulwark of trade. The Minister said that India and Qatar have elevated … Read more
Finance minister Nirmala Sitharaman has questioned the relevance of high import duties in today’s economic landscape, signalling the Central Board of Indirect Taxes and Customs (CBIC) to bring tariff rates down to their minimum. She highlighted the government’s efforts over the past two years to rationalize customs duties and emphasised the need for a more … Read more
The Defence Production and Export Promotion Policy (DPEPP) 2020 was introduced to propel India’s defence exports to ₹35,000 crore ($5 billion at the time) by 2025. The latest data from Defence Minister Rajnath Singh showed that the country had clocked ₹21,083 crore. At current exchange rates, the $5 billion target would translate to over ₹43,000 … Read more
US President Donald Trump has signed an executive order on reciprocal tariffs, raising concerns about its impact on Indian exports, given India’s relatively high tariff rates. Between 2021 and 2024, the US was India’s largest trading partner. From April to November 2024, trade in goods between the two nations reached $82.52 billion—with India exporting $52.89 … Read more