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.
Samajwadi Party President and former Uttar Pradesh chief minister Akhilesh Yadav said that the loss of about Rs 19 lakh crore to the stock market in a day is a clear sign of recession for the Indian economy.
India faces a 26% reciprocal tariff—half of the 52% duty it levies on American imports. China, meanwhile, will see a 54% tariff in response to its 67% duty on US goods.
Prime Minister Narendra Modi on Thursday said that India's achievements and successes sparked a new wave of hope across the globe, adding that once perceived as a nation that would sink itself and others, the country is now driving global growth.
India’s economic ambitions rest on its ability to foster a generation of entrepreneurs willing to take risks, build industries, and create jobs.
The World Bank in a report on Friday said India’s economy needs to expand at an average growth rate of 7.8 per cent over the coming decades to become a high-income country.
