Despite global uncertainties, exports of major textile commodities increased 5.37% to $3.1 billion in July 2025 compared to $2.94 billion in the year-ago period, the government said Wednesday. Despite global uncertainties, India’s textile exports continue to chart a positive growth trajectory, reaffirming the sector’s role as a key driver of employment, exports, and economic growth,”…
India’s smartphone exports surged 30 percent on-year during the first half of calendar year 2025 to touch 40 million units, powered by a rush of iPhone shipment to the US ahead of the impending 25 percent tariff deadline at the end of August, with Apple’s exports rising 53 percent to cross the 20-million mark in…
Anchored by a deep home market which can act as a buffer against global trade volatility, the Indian retail sector is projected to nearly double to $1.93 trillion by 2030 from $1.06 trillion in 2024, growing at a compound annual growth rate (CAGR) of 10 per cent, according to a Deloitte–FICCI report issued on Wednesday.…
Intermediate Range Ballistic Missile ‘Agni 5’ was successfully test-fired from the Integrated Test Range, Chandipur in Odisha on August 20, 2025. The launch validated all operational and technical parameters. It was carried out under the aegis of the Strategic Forces Command. Read More…
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…