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.
The Finance Ministry’s review of the Indian Economy, a document which runs over 70 pages, takes stock of the state of the country’s economy and its journey in the last 10 years.
The decline in the youth unemployment rate has been led by the states with a larger share of the young population, the Finance Ministry said in a review of the Indian economy.
Speaking at the presentation of the SCOPE awards here, Dhankhar said, “Public sector is our pride. It is the spine of the Indian economy.”
The Indian economy emerges as a beacon of resilience, standing strong despite the headwinds of a global economic slowdown.
With crude oil prices falling to a 4-month low in the international market, the Indian economy is expected to get a shot in the arm.
