New Delhi: India plans to add 100 vessels to its merchant fleet over the next five years as the government seeks to reduce dependence on foreign shipping lines and retain…
Category: Economy
India’s macro strength cushions global shocks as war, tariffs cloud outlook: RBI
Mumbai: Despite geopolitical frictions in West Asia and fresh US tariffs, India’s robust macroeconomic fundamentals continue to cushion the domestic economy, according to the Reserve Bank of India’s August bulletin…
EMT: India secures top rank again in July among EM peers as stock market posts gains
For the third month in a row, India secured the first rank by maintaining a solid lead over its emerging-market peers, shows Mint’s Emerging Markets Tracker (EMT). India posted the…
India leads South Asia’s growth, but China+1 gains remain uncertain: World Bank economist
India remains the main driver of growth in South Asia, growing about two percentage points faster than the average emerging-market and developing economy, even as the country’s opportunity to benefit…
India negotiating trade deals with nations, blocs worth $15 trillion GDP: Piyush Goyal
India is currently negotiating free trade agreements with at least eight to nine groups of countries and individual nations that together represent an additional $15 trillion in gross domestic product,…
Scott Bessent eying US Treasury cashpile, could use $1 trillion General Account for debt buybacks, says report
United States Treasury Secretary Scott Bessent is eyeing the department’s nearly $1 trillion General Account (TGA) to fund expanded buybacks of higher-yielding, older securities, CNBC reported today citing two senior…
Iranian rial hits record low of 2.02 million against US dollar amid threat of new Trump sanctions — Here’s what we know
The Iranian currency, rial, fell to 2.02 million against the United States Dollar (USD) today, on 24 August, as Washington prepared to announce new sanctions that it said would be…
Service producer prices index mixed in Q1; air passenger services surge 32%
India’s service producer prices showed a sharp divergence across sectors in the first quarter of FY27 (Q1FY27), with air passenger services recording a 31.94% year-on-year increase, while banking service prices…
AI, semicon, global value chains: How globalization isn’t dying—it’s evolving
As protectionism, geopolitical tensions and supply-chain vulnerabilities reshape the global economy, Prime Minister Narendra Modi re-emphasized the push for a self-reliant India in his Independence Day address. Yet, even as…
The week in charts: Hawkish RBI minutes, drought warning, rural workforce
From the Reserve Bank of India’s (RBI’s) minutes signalling hawkish caution even as rates stayed on hold, to India’s exports finding strong footing across key markets in July, Skymet sharply…