Economy
India’s copper imports have surged to unprecedented levels in FY25, resulting in a net foreign exchange outflow of $8.3 billion, as per preliminary trade data compiled by industry bodies and government sources. The sharp rise in imports comes amid domestic production constraints and robust demand recovery across sectors such as power, renewables, electric vehicles (EVs),…
In a strong statement highlighting the importance of international trade partnerships, Union Commerce and Industry Minister Piyush Goyal said that Free Trade Agreements (FTAs) signed with Australia, the United Arab Emirates (UAE), and the upcoming pact with the United Kingdom (UK) will open up greater market access opportunities for India’s agriculture sector. Addressing an industry…
In a significant consumer-friendly move, the Reserve Bank of India (RBI) recently barred banks and non-banking financial companies (NBFCs) from charging foreclosure or prepayment penalties on loans extended to individual borrowers for purposes other than business. This decision is set to benefit millions of small borrowers across India, reducing their overall debt burden and enhancing…
In India’s fast-evolving consumption-driven economy, the lure of easy EMIs (Equated Monthly Installments) has grown irresistible. From smartphones to SUVs and designer wardrobes to foreign vacations, Indians are increasingly relying on EMIs to fund their aspirations. However, experts warn that this rising household debt culture could pose a long-term financial stability risk if left unchecked….
India’s economic trajectory for FY26 could see a marked slowdown, with nominal GDP growth likely falling to a six-year low, according to global brokerage Jefferies. This deceleration is expected to impact corporate earnings, with sectors highly reliant on inflation-linked revenue growth facing particular pressure. Key highlights from Jefferies’ FY26 outlook In its recent India macro…
In a strategic push to strengthen India’s maritime security, reduce foreign exchange outgo, and boost local shipbuilding and shipping employment, the Central Government is working on a comprehensive policy revamp aimed at promoting domestically-flagged ships. Senior shipping ministry officials confirmed that demand for over 200 new vessels worth ₹1.3 lakh crore is projected over the…
Finance Minister Nirmala Sitharaman has reiterated India’s strong economic fundamentals and its emerging role as a pillar of stability in an uncertain global economic landscape. Addressing the BRICS Finance Ministers’ meeting held alongside the Rio de Janeiro BRICS Summit 2025, Sitharaman outlined how India’s policy choices, domestic demand, and calibrated reforms are propelling growth despite…
India is looking to leverage Norway’s advanced expertise in carbon capture and storage (CCS) technologies as part of its broader strategy to decarbonise the economy and achieve net-zero emissions by 2070. This strategic cooperation, which was discussed during recent high-level bilateral meetings, is expected to strengthen India’s industrial decarbonisation framework while creating new pathways for…
India’s recent banking system liquidity surplus, which crossed ₹2 lakh crore in early July, may not necessarily translate into accelerated bank credit growth, according to economists at JP Morgan. Their latest analysis suggests that structural and demand-side factors could keep credit expansion moderate despite abundant liquidity in the financial system. Key Highlights India Banking System…
India’s foreign exchange reserves recorded a robust rise for the week ending June 28, 2025, climbing by $4.84 billion to reach $702.78 billion, according to the latest data released by the Reserve Bank of India (RBI). This marks one of the strongest weekly gains in the last two months, bringing the overall reserves just short…
