Business
India’s Economy Projected To Grow By 6.5% In FY26
NEW DELHI: India’s economy could expand by 6.5% in the current financial year, supported by falling crude oil prices and manageable inflation levels, despite global trade tensions rising and the international economy slowing down. The EY’s latest Economy Watch report released on Friday outlined four key global factors shaping...
Proposed Pharma Tariffs May Spike US Drug Prices By 12.9%
LONDON: A 25% U.S. tariff on pharmaceutical imports would increase U.S. drug costs by nearly $51 billion annually, boosting U.S. prices by as much as 12.9% if passed on, a report commissioned by the industry’s U.S. trade group and reviewed by Reuters shows. The analysis, conducted by Ernst &...
India Likely To Be First To Ink Trade Deal With US, Says Treasury Secretary
NEW YORK/WASHINGTON: US Treasury Secretary Scott Bessent has said he expects India to strike the first bilateral trade deal to avoid President Donald Trump’s reciprocal tariffs, according to the New York Post. A 26 per cent ‘reciprocal’ tariff on Indian exports to the US is currently on a 90-day...
Private Investment In India Is Still A Worry: IMF
NEW DELHI: Private investment in India remains a worry and continues to be muted in areas that can boost the economy’s productivity, such as products and machinery, said Krishna Srinivasan, director of the Asia and Pacific department at the International Monetary Fund (IMF), at a press conference. “We are...
India-Pakistan Trade Comes To A Grinding Halt
NEW DELHI: Pakistan’s decision to stop all trade with India including those passing through its territory from third countries would bring the already minuscule direct trade between the two countries to a complete halt. The impact of Thursday’s announcements would also be felt on Afghanistan’s exports to India. “The...
Government Initiates Process To Monetise BSNL’s Land Assets
NEW DELHI: The government has commenced a process to monetise large parcels of prime land owned by state-run BSNL, which it seeks to revive and has seen several rounds of fresh fund infusions in recent years. The National Land Monetisation Corporation (NLMC) has invited applications for valuation of the...
While-Collar Hiring At Fast Clip, Manufacturing Up 78% In March
NEW DELHI: While-collar hiring in India continues to be at a fast clip, with March figures being a solid 38% higher on year, with big support from the manufacturing sector (up 78% on year and 12% on month). Over the six months to March, such hiring across sectors grew...
Inflation Expected To Be Aligned To Target In FY26: RBI Governor
MUMBAI: Inflation is expected to be well aligned to the Reserve Bank of India’s (RBI) target of 4% in the current financial year, helped by cooling crude oil prices, said governor Sanjay Malhotra in the minutes of monetary policy committee (MPC) meeting, which was released on Wednesday. With inflation...
Private Sector Business Activity Rises To 8-Month High In April: PMI Data
NEW DELHI: India’s private sector output grew at its fastest pace in eight months in April amid a sharp rise in new business, particularly “buoyant” international demand for goods and services, said a private survey on Wednesday. The HSBC flash India Composite Purchasing Managers’ Index (PMI), compiled by S&P...
International Agencies Cut India’s GDP Forecast To 6.2-6.7% In FY26
NEW DELHI: Amid the ongoing tariff war and uncertainty over the US trade policy, international agencies have cut India’s growth projections by up to 0.5 percent for the current fiscal, though the country will continue to be the fastest-growing major economy. India is expected to grow in the range...
US Solar Tariffs On Four South East Asian Countries May Help India Boost Exports
NEW DELHI: The prohibitive tariffs imposed by the US on solar imports from Cambodia, Vietnam, Malaysia and Thailand may open new opportunities for Indian solar manufacturers to expand their businesses, according to industry players and experts. However, with Indian domestic manufacturing capacity just about to become sufficient to cater...
Experts Call For New Set Of Policies For Manufacturing Revival
NEW DELHI: For the manufacturing sector to grow at a rate faster than the broader economy, and raise its share in the gross domestic product (GDP), a fresh set of policies would be required, in addition to the ones that are tried like production-linked incentives, industry executives and experts...
India, US Have Finalised Terms For Bilateral Trade Agreement: USTR
NEW DELHI: India and the US have finalised the terms of reference outlining the roadmap for negotiations of the proposed Bilateral Trade Agreement (BTA), according to a statement issued by the US. US Trade Representative (USTR) Jamieson Greer said that these ongoing talks will help achieve balance and reciprocity...
Reforms Key To India’s Growth Story Over Next Two Decades: FM
SAN FRANCISCO: India’s quest for sustained growth over the next two decades hinges on a new paradigm, driven by bold reforms, enhanced domestic capabilities, and strategic institutional collaborations suited for the evolving global landscape, Finance Minister Nirmala Sitharaman said on Monday. The last two Union Budgets have laid the...
IMF Lowers India’s Growth Projection To 6.2% For FY2025-26
NEW YORK: The Indian economy is projected to grow at 6.2 per cent in 2025-26, slower than earlier estimated rate of 6.5 per cent, due to escalated trade tensions and global uncertainty, the International Monetary Fund (IMF) said on Tuesday. “For India, the growth outlook is relatively more stable...
Global Strategists Positive On India But Expect Asia Growth To Decelerate
MUMBAI: Global strategists at Morgan Stanley and Bank of America (BofA) are positive on India even as the latter downgraded its forecasts for Asia growth amid persistent pressures from tariff shocks. However, they believe that uncertainty is still at historic levels and weak global markets can cap absolute returns....
RBI’s LCR Guidelines To Boost Credit Growth By 1-1.5%
MUMBAI: The Reserve Bank of India’s (RBI) final guidelines on the Liquidity Coverage Ratio (LCR) framework are expected to boost credit growth by 1–1.5%, according to brokerages. The softer-than-expected norms could unlock Rs 2–3 lakh crore, which can be deployed for lending. A lower run-off factor will also provide...
India Slaps 12% Safeguard Duty On Steel Imports From China, Others
NEW DELHI: The government on Monday imposed a provisional safeguard duty of 12% on imports of key steel products, including hot rolled coils (HRC), in view of a surge in shipments of the alloy varieties from several countries, especially China. The extra imposts, which are subject to riders and...
