Economy
Days after India’s GDP growth surprised analysts with a robust 7.8% expansion in the April–June quarter of FY2025–26, fresh government data has raised red flags about the health of the informal manufacturing sector. According to the Ministry of Statistics and Programme Implementation’s (MoSPI) first-ever Quarterly Bulletin of Unincorporated Sector Enterprises, employment and enterprise numbers in…
Commerce and Industry Minister Piyush Goyal has assured Indian exporters of comprehensive support to mitigate the impact of the steep 50% tariff imposed by the United States on several Indian goods. Speaking at a high-level meeting with export promotion councils and industry associations on September 3, 2025, Goyal reaffirmed the government’s commitment to safeguarding the…
Union Finance Minister Nirmala Sitharaman chaired a high-level meeting with representatives from India’s textile industry in Chennai on September 2, 2025, to address mounting economic challenges, including the recent imposition of a 50% tariff by the United States on Indian textile exports. The interactive session brought together key stakeholders from export promotion councils, industry associations,…
Union Commerce and Industry Minister Piyush Goyal has confirmed that India remains in active negotiations with the United States for a Bilateral Trade Agreement (BTA), despite recent strains triggered by steep tariff hikes and geopolitical disagreements. Speaking at the Annual Global Investor Conference 2025 in Mumbai, Goyal expressed optimism that the trade pact could be…
India’s manufacturing sector delivered a record-breaking performance in August 2025, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) climbing to 59.3—its highest level in 17-and-a-half years. The PMI reading, compiled by S&P Global, signals the fastest improvement in operating conditions since February 2008, driven by robust domestic demand, production efficiency, and renewed business confidence….
India’s foreign exchange markets are bracing for heightened volatility as economists warn that the Indian Rupee could slide to ₹90 against the US Dollar following the Trump administration’s decision to impose a 50% tariff on Indian exports. The move, which took effect on August 27, 2025, has triggered concerns over trade imbalances, capital outflows, and…
India’s economic growth is increasingly being sustained by domestic resources rather than foreign capital, according to former Reserve Bank of India (RBI) Deputy Governor Michael Patra. Speaking at the Elara India Dialogue 2025 in Mumbai, Patra emphasized that India’s ability to self-finance its development is a strategic advantage, especially amid rising global economic uncertainty and…
Morgan Stanley’s Chief India Equity Strategist Ridham Desai has doubled down on his bullish stance on India’s economic trajectory, stating that Dalal Street is “underestimating the growth cycle” and that the country’s earnings and market peak are still ahead. Speaking in a recent investor note and media interactions, Desai emphasized that India’s structural transformation is…
Union Commerce and Industry Minister Piyush Goyal has issued a bold call to Indian businesses, urging them to “put pressure on the Modi government” with ideas, demands, and solutions to tackle the fallout from the United States’ 50% tariff hike on Indian exports. Speaking at a Confederation of Indian Industry (CII) conference in Mumbai, Goyal…
Odisha, one of India’s most mineral-rich states, is facing a sharp decline in its export performance, with total outbound trade falling by more than 40% between FY2020–21 and FY2024–25. According to the Odisha Economic Survey 2024–25, the state’s over-reliance on mineral commodities—particularly iron ore, coal, and chromite—has left its export basket vulnerable to global price…
