The RBI maintained the status quo on interest rates and signalled confidence in India's ability to navigate global volatility despite geopolitical and market uncertainties.
Defending Prime Minister Narendra Modi’s appeal to conserve foreign exchange, Union Finance Minister Nirmala Sitharaman said the Indian economy is resilient but the West Asia crisis is exerting pressure on its foreign exchange outgo due to high crude oil, fertiliser and gold prices amid the ongoing conflict.
India’s economic messaging has undergone a subtle but unmistakable shift over the past week.
The Centre has sharply raised import duty on gold, silver and platinum as geopolitical tensions and rising import costs put pressure on India’s external account.
New leadership at India’s policy think tank blends economic depth and scientific expertise, with key appointments highlighting Bengal’s continued influence in national governance and institution-building.
Prime Minister Narendra Modi on Thursday asked the steel industry to come together to build a resilient, revolutionary and steel-strong India.
As the government forecasts a second consecutive year of above-average monsoon rainfall, the implications for India’s economy ~ and particularly its rural heartland ~ are profound.
"I am confident that within the next few years, we will be the third-largest economy in the world," the Union Home Minister said.
NITI Aayog CEO B V R Subrahmanyam on Thursday said the Indian economy will be bigger than Germany and Japan in the next three years.
India's central bank has once again stepped in with a measured response to the growing economic uncertainty by cutting the repo rate by 25 basis points, bringing it down to 6 per cent.
