The report noted that its analysis results show GDP growth at 6.9 per cent during the quarter, with Gross Value Added (GVA) estimated at 6.5 per cent. The Indian economy may have registered a strong growth rate of around 6.8 per cent to 7 per cent in the first quarter of the current financial year,…
India’s private sector economy recorded its fastest growth since the start of survey data in December 2005, with the headline HSBC Flash India Composite PMI Output Index rising over four points to 65.2 from 61.1 in July, according to S&P Global on Thursday. Read More…
The imposition of higher tariffs by the US will significantly impact the micro, small and medium enterprise sector, which accounts for around 45% of India’s exports, while MSMEs in textiles, diamonds and chemicals are likely to be the most hit, a report by CRISIL Intelligence said. The US levies ad valorem duty of 25% on…
India’s non-smartphone electronics exports have crossed the USD 14 billion mark in FY 2024-25, contributing to an overall electronics export of USD 38.57 billion, a 32.47 per cent jump from the previous year, according to the Electronics and Computer Software Export Promotion Council (ESC). While smartphones remain a key driver of exports, the surge in…
JAKARTA, Aug 20 (Reuters) – Indonesia’s central bank cut interest rates again in a surprise move on Wednesday and flagged it could cut some more, as it stepped up support for Southeast Asia’s largest economy against the backdrop of global uncertainties. Bank Indonesia (BI) trimmed the benchmark 7-day reverse repurchase rate (IDCBRR=ECI), opens new tab…
The government is considering re-invoking anti-profiteering provisions for a limited period to ensure that businesses pass on indirect tax benefits to consumers, following the proposed overhaul of the goods and services tax (GST) regime, according to a senior official. “While the Centre remains committed to market-driven pricing, concerns over unfair profiteering cannot be ruled out…
Vinit Sambre, Head – Equities at DSP Mutual Fund believes that 50% tariffs will inevitably have second-order effects—most notably by adding to inflationary pressures in the US and raising the risk of economic slowdown. These consequences, in turn, could compel the US to reassess and recalibrate its trade policy over time, he said in an…
India’s recent goods and services tax (GST) cuts are expected to boost e-commerce sales by 15–20 per cent in high-value categories such as electronics, according to industry executives, as the government’s tax rationalisation encourages consumer spending ahead of the festive shopping season. E-commerce and quick-commerce companies are anticipating an additional surge in demand on top…
The fall was sharper than the 2.1% contraction expected by economists polled by Reuters. Exports to the U.S. also continued to fall, dropping 10.1% in July. While the effects of the 15% tariffs will not show up until the August data, analysts have warned about their impact on the Japanese economy. Japan’s exports plunged 2.6%…
सरकारी पूंजीगत व्यय और निर्यात में वृद्धि के चलते चालू वित्त वर्ष की अप्रैल-जून अवधि में भारतीय अर्थव्यवस्था के 6.7 प्रतिशत की दर से बढ़ने की उम्मीद है। यह एक साल पहले की समान अवधि के 6.5 प्रतिशत से अधिक है। रेटिंग एजेंसी इक्रा का यह अनुमान आरबीआइ की मौद्रिक नीति समिति द्वारा लगाए गए…