India's Economic Growth Accelerates, Poised for Expansion
RBI Deputy Governor Poonam Gupta highlights India's accelerating, stable growth trajectory, with Q3 GDP estimated at 8.1%. Demographics and trade deals to fuel future expansion.
Category : Economy
Rangarajan Criticizes Finance Commission's Tax Pool Recommendation
Former RBI governor C Rangarajan criticizes the 16th Finance Commission's proposal for a 'grand bargain' between Centre and states on tax sharing, calling it inappropriate and questioning the shrinking fiscal space.
SBI: India's Q3 FY26 GDP Growth Likely Above 8%
SBI Research projects India's economic growth to exceed 8% in the October-December 2025 quarter. The Ministry of Statistics will release quarterly data and Second Advance Estimates for 2025-26, including revised GDP figures for past years.
Seva Teerth Cabinet Vows to Make India Top-Three Economy
The newly formed cabinet at Seva Teerth has pledged to propel India into the ranks of the world's top three economies, emphasizing a work culture guided by constitutional principles.
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Govt Approves Rs 2,500 Cr Hike for Powergrid Investment
The Cabinet Committee on Economic Affairs has approved a Rs 2,500 crore increase in Powergrid's equity investment threshold, a move aimed at enhancing infrastructure development.
India's Gold Puzzle: Imports, Reserves, and Economic Impact
India's gold imports remain high despite domestic reserves, creating economic challenges. This article explores the puzzle, its effects on trade, and potential solutions.
Cabinet Approves MSP for Raw Jute to Boost Farmer Incomes
The Union Cabinet has approved a Minimum Support Price for raw jute for the 2024-25 season, aimed at enhancing quality and increasing farmers' incomes, as announced by PM Modi.
Indians Donate Rs 54,000 Cr Yearly, Religion Gets Most
A survey by Ashoka University reveals Indians donate Rs 54,000 crore annually, with 68% giving in cash, kind, or volunteering. Religion receives the largest share, highlighting philanthropic trends.
India's Macro Fundamentals Show Strong Improvement: RBI DG
RBI Deputy Governor Poonam Gupta highlights India's robust macroeconomic fundamentals, noting significant improvements in recent years, including fiscal consolidation and external sector resilience.
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Powergrid's Investment Cap Raised to Rs 7,500 Crore for Green Energy
The CCEA approved increasing Powergrid's equity investment ceiling in subsidiaries from Rs 5,000 crore to Rs 7,500 crore to fund large transmission projects and renewable energy evacuation, supporting India's 500 GW non-fossil capacity target.
Rupee Dips to 90.95 vs Dollar on Equity Slump, Trade Deal Fears
The Indian rupee depreciated by 6 paise to close at 90.95 against the US dollar, driven by a sharp decline in domestic equities and uncertainties surrounding the India-US trade deal, with foreign fund inflows providing limited support.
Gold Prices Fall on US Tariff Concerns, City Rates Listed
Gold futures slipped 0.31% to Rs 1,61,102 per 10 grams on MCX as global uncertainty over US tariffs weighs. International Comex gold also fell 0.54%. Check current gold rates across major Indian cities.
India to Introduce New GDP Series for More Accurate Growth
India is set to introduce a new GDP series to improve growth calculation accuracy, addressing discrepancies from low nominal GDP and wholesale inflation.
India Q3 FY26 GDP Growth Seen at 8.1%: SBI Report
India's GDP growth is expected to accelerate to 8.1% in Q3 FY26, according to an SBI report, driven by strong domestic demand. The first advance estimates project 7.4% growth for the full fiscal year FY26.
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India's New GDP Series to Address IMF Criticism with Updated Methods
India will release its first GDP data using a revised national accounts series this week, incorporating double deflation and more price indices to improve accuracy and address economist concerns.
16th Finance Commission's Fairness for Southern States Examined
The 16th Finance Commission's revised devolution criteria offer relief to states like Karnataka, addressing historical grievances over resource allocation and fiscal fairness in India's federal structure.
Gold Prices May Rise Further on Dollar Weakness, Analyst Says
Gold prices gained over 1% last week, supported by a weaker US dollar and Middle East tensions. Analyst Praveen Singh predicts further gains if dollar weakness persists, with key resistance at $5,150.
Global Stocks Fall on Trump Tariffs, Wall Street Losses
Global equities tumbled on Monday, driven by sharp declines on Wall Street and European markets after US President Donald Trump announced new tariffs following a Supreme Court ruling, intensifying trade uncertainty.
Budget Focuses on Care Infrastructure to Support Women's Work
The latest budget emphasizes care infrastructure as a key strategy to address the persistent gap in women's labor force participation, particularly in urban areas and high-productivity sectors.
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Quality Key to India's $30-35 Trillion Economy Goal by 2047
Union Minister Piyush Goyal emphasizes that high-quality, sustainable growth is crucial for India to become a $30-35 trillion economy by 2047, focusing on innovation and global competitiveness.
Sitharaman: Too Early to Assess US Tariff Impact on Economy
Finance Minister Nirmala Sitharaman stated it is premature to evaluate the economic impact of recent US tariff changes, emphasizing ongoing monitoring and strategic responses.
Arunachal CM Khandu Emphasizes MSME Sector's Economic Importance
Arunachal Pradesh Chief Minister Pema Khandu emphasized the critical role of MSMEs in India's economic development, noting they support over 7 crore enterprises and benefit 31 crore people nationwide.
Govt Targets Rs 16.72 Lakh Crore from 12 Sectors in NMP 2.0
The Indian government has set an ambitious target to achieve Rs 16.72 lakh crore from 12 key sectors over the next five years under the National Monetisation Pipeline 2.0, focusing on infrastructure and public assets.
Top 10 Billionaire Cities 2026: Mumbai, New Delhi Feature
New York leads global billionaire cities in 2026 with 129 billionaires, while Mumbai and New Delhi represent India's growing wealth creation on the world stage according to Hurun data.
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Gold Prices Rise on Monday with Firm Futures and Global Support
Gold prices moved higher on Monday, tracking firm trends in domestic futures markets and supported by global cues. Key cities like Delhi and Mumbai saw significant gains in 24K and 22K gold rates.
Sitharaman: Too Early to Assess US Tariff Impact
Finance Minister Nirmala Sitharaman stated it's too early to comment on US tariff changes, with the commerce ministry reviewing the situation for potential economic effects on India.
Sitharaman on Gold Price Rise, Govt Monitoring Hikes
Union Finance Minister Nirmala Sitharaman attributes gold price increases to central bank purchases and seasonal demand, assuring government vigilance amid global tariff shifts.
Rupee Gains 21 Paise Against Dollar, Opens at 90.73
The Indian rupee appreciated by 21 paise against the US dollar in early trade, opening at 90.76 and strengthening further to 90.73, reflecting positive market sentiment.
Gold, Silver Prices Expected to Rise on Geopolitical Tensions
Gold and silver prices are poised for a rally due to geopolitical tensions, US tariff hikes, and safe-haven demand. Analysts predict gold may reach Rs 1.61 lakh per 10 grams.
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Maharashtra Youth Unemployment 13.1%, Female Rate Hits 19.1%
Maharashtra ranks as the seventh least-unemployed state in India with a 13.1% youth unemployment rate, but female joblessness has surged sharply to 19.1%, driven by rural spikes and demographic factors according to latest PLFS data.
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