Indian

Indian

India to launch EFTA trade pact on Oct 1

In the midst of a tariff battle with the United States, India will formally operationalise its free trade agreement (FTA) with four countries of the European Free Trade Association (EFTA) bloc on October 1.

3w ago

India central bank cuts interest rates

India’s central bank cut interest rates in the world’s fifth-largest economy on Wednesday as US President Donald Trump’s tariffs kicked in and policymakers warned of “challenging global economic conditions”.

6m ago

US tariffs to hit India’s GDP growth, prompt more rate cuts: analysts

India’s economic growth could slow by 20-40 basis points in the ongoing financial year due to the latest US tariffs, which would prompt deeper interest rate cuts by the central bank, analysts said.

6m ago

India eyes opportunity despite trade challenges

India on Thursday reacted cautiously to US President Donald Trump’s sweeping tariffs with exporters saying the flat 27 percent on exports imposed on fifth-largest economy could have been far worse.

6m ago

India’s retail inflation slips below 4% for first time in 6 months

India’s retail inflation fell below 4 percent in February for the first time in six months mainly due to a decline in vegetable prices, giving the central bank room to cut rates further in coming meetings.

7m ago

India’s exports face pressure from US, EU trade policies: govt official

Indian exports are facing mounting pressure from aggressive trade policies by partners such as the United States and the European Union, a senior trade ministry official said on Tuesday.

7m ago

RBI delivers first rate cut since 2020

India’s central bank cut interest rates Friday for the first time in nearly five years, as concerns over a growth slowdown in the world’s fifth largest economy outweighed inflation risks.

8m ago

India’s growth trajectory poised to pick up in Oct-Mar: cenbank

India’s growth trajectory is expected to pick up in the second half of 2024-25, driven by domestic private consumption and a sustained revival of rural demand, the central bank said in its monthly bulletin released on Tuesday.

10m ago

Weather woes to crush India’s sugar production, export hopes

Sugarcane yields in India are declining due to last year’s drought and this year’s excessive rains, which could reduce the country’s sugar production below consumption levels for the first time in eight years, farmers and industry officials said on Monday.

10m ago

Rupee hits record low before recovering slightly

The Indian rupee slipped to its all-time low on Friday before turning course to end modestly higher, aided by likely dollar inflows, although its losing steak persisted into a seventh straight week.

10m ago

India’s forex reserves dip to nearly six-month low

India’s foreign exchange reserves fell by nearly $2 billion to an almost six-month low of $652.87 billion as of December 13, data from the Reserve Bank of India (RBI) showed on Friday.

10m ago

Indian rupee slips to lifetime low

The Indian rupee dropped to a record low on Wednesday, weighed by persistent demand for US dollars from importers and speculators ahead of the Federal Reserve’s policy decision.

10m ago

India sugar output to rebound to record next year, could revive exports

India is likely to produce a record amount of sugar in the next marketing year from October after millions of farmers expanded cane cultivation, encouraged by ample water supplies and declining prices of competing crops, farmers and industry officials told Reuters.

10m ago

India’s economy to grow from 6.5 to 7% this fiscal: CEA

Even though the Indian economy slowed down to 5.4 percent in the second quarter, it will grow in the range of 6.5 to 7 percent this fiscal, voiced Chief Economic Advisor (CEA) Anantha Nageswaran on Thursday.

10m ago

India’s rice stocks surge to record high

Rice inventories in India surged to a record high at the start of December, reaching more than five times the government’s target and potentially boosting overseas shipments from the world’s biggest exporter of the staple food.

10m ago

India appoints new central bank chief

India on Monday appointed finance ministry bureaucrat Sanjay Malhotra to helm the country’s central bank, a day before his predecessor’s term was due to end.

10m ago

India central bank holds rates despite growth dip

India’s central bank left interest rates unchanged Friday after judging inflation risks to outweighed concerns over a growth slowdown in the world’s fifth-largest economy.

10m ago

Why are farmers protesting again in India?

Indian police used tear gas and pepper spray on Friday to stop dozens of farmers who were trying to reach Delhi from the northern breadbasket state of Punjab to press a series of demands.

10m ago