MUMBAI: The six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) has left the policy repo rate unchanged at 5.25 per cemt for a third consecutive meeting, citing mounting global uncertainties, including the absence of a peace deal between the US and Iran. The central bank...
NEW DELHI: The ongoing West Asia conflict poses significant supply- and demand-side risks to India’s economy. However, high-frequency indicators through April and early May 2026 suggest that domestic demand and economic activity have remained resilient despite emerging signs of stress, Chief Economic Adviser V. Anantha Nageswaran said on Friday....
NEW DELHI: India and the US on Thursday wrapped up another round of discussions on an interim trade deal, as both sides sought to bridge gaps in their respective positions. A statement issued by the government after the conclusion of the bilateral talks that began on Monday was, however,...
NEW DELHI: India’s informal enterprises are getting a productivity and formalisation push from digitalisation, with a one-unit increase in digital adoption being associated with roughly a 76 per cent rise in labour productivity, according to an analysis of the Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2025 by SBI...
NEW DELHI: India is likely to pursue an investment commitment, similar to provisions in some of its latest free trade agreements (FTAs), under the proposed Comprehensive Economic Partnership Agreement (CEPA) with Canada, an official aware of the matter said. “Both sides will sit together to decide what quantum of...
NEW DELHI: Uzbekistan is courting Indian pharmaceutical, nutraceutical and biotechnology companies as it seeks to transform itself into a manufacturing and export hub for the Commonwealth of Independent States (CIS) region, Uzbekistan Health Minister Abdulla Azizov said during an interaction in India. Uzbekistan has set an ambitious target of...
NEW DELHI: India’s global capability centres (GCCs) are increasingly hiring AI and engineering talent through contract and project-based models, driven by rising demand for specialised skills and faster deployment, as companies move away from traditional workforce expansion towards flexible, outcome-focused teams. Industry executives say the shift has become more...
NEW DELHI: The Union Cabinet on Wednesday approved a one-time price stabilisation fund of ₹10,000 crore to help Indian airlines manage soaring aviation turbine fuel (ATF) prices amid the ongoing West Asia conflict. The support will be provided to oil-marketing companies (OMCs) in the form of interest-free advances through...
NEW DELHI: The United States (US) has proposed an additional 12.5 per cent tariff on India and 53 other countries, citing their alleged failure to stop imports made with forced labour in third countries, even as officials from India and the US tried to finalise an interim trade deal....
The Organisation for Economic Co-operation and Development (OECD) on Wednesday raised its growth forecast for India by 20 basis points to 6.3 per cent for the current financial year (FY27). However, it flagged that energy price shocks amid the conflict in West Asia are weighing on economic activity and...
NEW DELHI: India is preparing to roll out new measures aimed at attracting more foreign money into the country, with key decisions likely to be taken as early as this week. According to Bloomberg, citing people familiar with the matter, the Union Cabinet is expected to discuss a major...
NEW DELHI: India’s services sector expanded at its fastest pace in six months in May. The HSBC India Services PMI rising to 59.8 from 58.8 in April amid stronger demand and higher new business inflows. The HSBC India Composite PMI Output Index, which tracks both manufacturing and services activity,...
NEW DELHI: The government plans to phase out the Wholesale Price Index (WPI) over the next five years and introduce a more comprehensive Producer Price Index (PPI) covering output, input and services prices, saying the move will provide a more accurate measure of inflation trends in the economy. Speaking...
NEW DELHI: Crisil in a report, highlighted that the rise in petrol and diesel fares is likely to add fresh inflationary pressures to India’s economy as increased transport and manufacturing costs are expected to feed through to consumer prices in the months to come. Petrol and diesel prices have...
NEW DELHI: The government is set to soon constitute the proposed High-Level Committee on Banking for Viksit Bharat, with the aim of receiving its report within three to four months and initiating a new phase of comprehensive banking sector reforms. Sources said the terms of reference for the committee...
NEW DELHI: India’s domestic content requirement for solar cells is set to increase rooftop solar system costs by up to Rs 30,000 for households. Industry experts weigh the impact on consumers, project economics, and the country’s expanding solar manufacturing capacity. Households planning to install rooftop solar systems may have...
MUMBAI/CHENNAI: Just as the microfinance sector appears to be emerging from a prolonged asset-quality stress cycle, a weaker monsoon forecast threatens to create fresh challenges. With the India Meteorological Department (IMD) downgrading its southwest monsoon forecast to “below normal” — potentially the weakest in 11 years — concerns are...
NEW DELHI: India’s industrial production expanded at a slower pace of 4.9 per cent in April due to tepid growth in the energy sector amid the West Asia crisis, according to official data released on Monday. This is the first data released after the revision of the base year...