Economy
State Bank of India (SBI) Chairman CS Setty has hailed the recently concluded India-US trade agreement and other Free Trade Agreements (FTAs) as “extremely positive for the Indian economy.” He emphasized that the removal of tariff overhang and expansion of trade partnerships will open new opportunities for Indian exporters, strengthen supply chains, and enhance India’s…
India’s foreign exchange reserves have climbed to a new all-time high of $723.8 billion, following a sharp weekly surge of $14.4 billion, according to the Reserve Bank of India (RBI). This milestone underscores the resilience of India’s external sector and strengthens the country’s ability to withstand global financial volatility. Key Highlights Composition of Reserves Component…
The Reserve Bank of India (RBI) has announced its latest monetary policy decision, keeping the repo rate unchanged at 5.25%. This move comes as part of the central bank’s cautious approach to balancing inflation control with economic growth. For millions of borrowers across India, this means Equated Monthly Installments (EMIs) will remain unchanged, offering relief…
India’s services sector began 2026 on a robust note, with the Services Purchasing Managers’ Index (PMI) rebounding to 58.5 in January, marking one of the strongest expansions in recent months. The figure, well above the neutral 50 threshold, indicates significant growth momentum in the services industry, which is a critical driver of India’s economy. Strong…
In a landmark announcement that signals a paradigm shift in India’s scientific and industrial policy, Union Minister of State for Science and Technology Dr. Jitendra Singh has described the newly operationalized Rs 1 lakh crore Research, Development, and Innovation (RDI) Fund as a “major shift” in the government’s approach toward private-sector innovation. Speaking at a…
The Indian government is actively considering a proposal to raise the Foreign Direct Investment (FDI) ceiling in public sector banks (PSBs) to 49%, according to Department of Financial Services (DFS) secretary Vivek Joshi Nagaraju. This move, if implemented, would mark a significant reform in India’s banking sector, aimed at attracting foreign capital, strengthening governance, and…
Union Minister of Commerce and Industry Piyush Goyal has strongly criticized the previous United Progressive Alliance (UPA) government, claiming that its excessive focus on China came at the expense of strengthening trade ties with the European Union (EU). According to Goyal, this miscalculation not only cost India valuable trade opportunities but also slowed down the…
Canada has unveiled an ambitious plan to double its bilateral trade with India to $60 billion by 2030, building on the current $30 billion trade volume. The announcement underscores the growing importance of India as a strategic partner for Canada in Asia, with both nations aiming to strengthen economic ties across multiple sectors including energy,…
India is actively seeking preferential treatment for its steel exports under the European Union’s newly introduced sustainability and carbon emission regulations. With the EU tightening its climate-related trade policies, Indian policymakers and industry leaders are lobbying for recognition of India’s efforts in green steel production and renewable energy adoption. The move is aimed at ensuring…
Global investment bank Goldman Sachs has suggested that the Reserve Bank of India (RBI) may consider further rate cuts if the much-anticipated India-US trade deal faces delays. The analysis highlights the delicate balance between India’s monetary policy, trade negotiations, and global economic conditions. Background of the Situation Key Highlights Indicator Details Institution in Focus Reserve…
