Union Minister of Commerce and Industry Piyush Goyal on Thursday said that India is poised to remain the world’s fastest-growing economy for the next 30 years. Speaking at the CII Annual Business Summit, Goyal said, “We are back on track, barring 3-4 months, on the growth trajectory. Hence, we are engaging in trade deals with … Read more
The growth in bank loans to India’s micro, small, and medium businesses slowed down to 14.8% in the financial year ending March 2025, compared to 20.9% in the year earlier, according to data from the latest annual report released by the Reserve Bank of India (RBI) on May 29. The slowdown is significant considering the … Read more
Since the start of 2025, the full focus of monetary policy is on supporting growth. Reserve Bank of India (RBI) has already cut policy rates by 50bps since February 2025 onwards. In fact, the effective rate cut has been closer to 75bps, with overnight rates closer to the Standing Deposit Facility (SDF), a tool used … Read more
India could be entering a pivotal phase in the global supply chain realignment, says Raghuram Rajan, Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business and former governor of the Reserve Bank of India. As companies across the world reassess how their supply chains operate, “It could be … Read more
As India’s micro, small, and medium enterprises (MSMEs) continue to be a vital engine for economic growth, contributing significantly to the GDP, exports, and employment, several states are rolling out pioneering initiatives to bolster this crucial sector. From Maharashtra’s comprehensive schemes covering all MSME categories to Telangana’s tech-driven single-window clearances, regional governments are demonstrating a … Read more
RBI changes reserve rules to ensure steady flow of dividends to government
In a fresh set of developments in the India-US trade talks, government sources have told CNBC-TV18 that American officials are likely to visit India for the next round of talks for a proposed interim trade deal in the coming weeks. Sources added that with negotiations moving at a fast pace, an interim deal seems possible … Read more
RBI changes reserve rules to ensure steady flow of dividends to government
India has overtaken Japan to become the fourth largest economy in the world, said BVR Subrahmanyam, Chief Executive Officer of NITI Aayog, on Saturday, May 24. “We are the fourth largest economy as I speak. We are a $4 trillion economy as I speak, and this is not my data. This is IMF data. India … Read more
The Reserve Bank of India’s bumper dividend of about ₹2.7 lakh crore will ease the fiscal position of the government and help bolster growth in the world’s fourth-largest economy, economists at SBI said in a report. Finance Minister Nirmala Sitharaman in her Budget for 2025-26 projected a dividend income of ₹2.56 lakh crore cumulatively from … Read more