The Reserve Bank of India on Wednesday projected India's GDP growth for 2025-26 at 6.5% amid the trade jitters due to the US tariffs.
RBI Governor Sanjay Malhotra on Wednesday announced a 25 basis cut in the policy rate from 6.25 per cent to 6 per cent and change in monetary policy stance from neutral to accommodative to accelerate economic growth.
India will remain the fastest growing economy among the advanced and emerging G-20 countries and the large size of its domestic market makes the country less vulnerable to potential shocks from US tariff policy.
A team of Australian researchers on Tuesday said that 4-degree Celsius rise in global temperatures would cut world GDP by around 40 per cent by 2100 – a sharp increase from previous estimates of around 11 per cent.
India's fiscal deficit up to February 2025 (FY2024-25) was Rs 13.47 trillion ($157.62 billion), or 85.8% of the estimate for the financial year ending March 31, government data showed on Friday.
In 2024, India is projected to grow at 6.2% supported by robust domestic demand and strong growth in the manufacturing and services sectors, the United Nations said.
The US and the global economy may face major challenges in 2024 though they have proved to be surprisingly resilient in the past year.
As we approach the end of fiscal year 2023-24, the Centre is steering its economic ship through turbulent waters, aiming to achieve a fiscal deficit target of 5.9 per cent of Gross Domestic Product (GDP).
In the realm of global economics, India is silently orchestrating a logistics revolution that is reshaping its competitiveness on the world stage.
In the realm of safety, regulatory, and policy considerations, fostering a hydrogen economy is imperative as safety serves as the linchpin for its promotion.
