India set to become third-largest economy by 2030 with GDP of over $7 trillion: S&P Global
New Delhi: India, presently the world's fifth-largest economy, is poised to surpass Japan and secure the position of the third-largest global economy with a Gross Domestic Product (GDP) of $7.3 trillion by 2030, S&P Global Market Intelligence has projected in its latest Purchasing Manager’s Index (PMI) report.
Mumbai: The stock market continued to witness heavy selling on October 25 as the geopolitical crisis in the Middle East showed no signs of easing, a spike in bond yields in the US, and lower than anticipated second-quarter earnings of big business enterprises, Moneycontrol reported.
New Delhi: The Union Cabinet, headed by Prime Minister Narendra Modi, was briefed about a Memorandum of Cooperation (MoC) inked in July 2023 between India's Ministry of Electronics and Information Technology (MeitY) and Japan's Ministry of Economy, Trade and Industry (METI) regarding a partnership in the semiconductor supply chain between the two nations.
India's retail inflation drops to 5 pc in Sept, below RBI's upper band
New Delhi: India's retail inflation measured by consumer price index (CPI) eased to 5.02% year-on-year in September 2023 from 6.83% in the previous month on the back of softening food prices, showed the data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Thursday.
India's industrial production zooms 10.3 pc in August
New Delhi: India's index of industrial production (IIP) rose 10.3% year-on-year in August FY24 on the back of a surge in mining and electricity sector output, data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Thursday showed.
India must aim for 8% growth rate to surpass China: Barclays
New Delhi: For India to surpass China and emerge as the leading contributor to global growth, it would have to aim for an 8 percent growth rate, a Barclays report said.
World's top cocoa producer Ivory Coast targets Indian market to reduce dependence on Europe: Report
New Delhi: World's top cocoa producer Ivory Coast is strategizing to reduce its reliance on Europe and bolster its cocoa industry. India, though not a major cocoa producer, is a key player in this plan, primarily importing beans to meet domestic demand, Moneycontrol reported.
India's services PMI rises to 61 in September, signals strong momentum
New Delhi/UNI: India's services sector activities continued to be strong in the month of September 2023 driven primarily by robust domestic demand and an upturn in demand from overseas clients.
World Bank pegs India's FY24 GDP growth at 6.3%
New Delhi/UNI: The World Bank has projected India’s GDP growth for the current financial year 2023-24 at 6.3% even as global headwinds continue to persist and intensify further due to high interest rates, geopolitical tensions and sluggish global demand.
India retains the 40th Position in Global Innovation Index 2023
New Delhi: India retained the 40th position out of 132 economies in the Global Innovation Index (GII) 2023, reflecting a remarkable journey from its 81st rank in 2015 to this notable achievement.
India to grow at avg rate of 6.5% between 2023-30
Kolkata: Chief Economic Advisor V Anantha Nageswaran stated on Friday that the Indian economy is set to achieve an average annual growth rate of 6.5 percent from 2023 to 2030.
India's core sector output moves up to touch 12.1 pc in August
India's core sector comprising of eight key infrastructure components grew 12.1% year-on-year in August 2023, according to data released by Commerce and Industry Ministry on Friday.
New Delhi: India has withdrawn additional duties on eight US-origin products, including apples, walnuts and almonds, the Ministry of Commerce and Industry said on Tuesday.
Indian firms could soon list in London, UK Chancellor Jeremy Hunt announces in Delhi
Indian firms could soon list in London, it has been announced as part of a package of plans unveiled Monday by UK Chancellor Jeremy Hunt alongside Indian Finance Minister Nirmala Sitharaman, as they met in Delhi for face-to-face talks.
India-ASEAN to start FTA review in November
New Delhi: India and the ASEAN bloc are expected to start the review of the free trade agreement in November, media reports said.