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Top Latest News on Indian Economy
Indian real estate market to grow to Rs 65,000 crore by 2040: CIRIL
Consultancy firm CIRIL said in a report that the Indian real estate (RE) market is poised to touch Rs 65,000 crore by 2024 and by 2025, this sector is expected to contribute to 13 per cent of the country's GDP. In 2019, the size of the RE market was Rs 12,000 crore, according to the [...]
Poverty in Sri Lanka to spike this year, warns World Bank
Colombo, Apr 26 (PTI) More Sri Lankans will slip into poverty this year, the World Bank has warned, as it urged the debt-ridden island nation to undertake urgent policy measures to address the high levels of debt, trim fiscal deficit, and mitigate the adverse impacts on the poor and vulnerable. Sri Lanka is currently in [...]
Poverty in Sri Lanka to spike this year, warns World Bank
Colombo, Apr 26 (PTI) More Sri Lankans will slip into poverty this year, the World Bank has warned, as it urged the debt-ridden island nation to undertake urgent policy measures to address the high levels of debt, trim the fiscal deficit, and mitigate the adverse impacts on the poor and vulnerable. Sri Lanka is currently [...]
FM invites US semiconductor players to make further investments in India; promises incentives
Finance Minister Nirmala Sitharaman on Monday held a meeting with representatives of the semiconductor industry of the US and invited them to make further investments in India. The Finance Minister spoke about opportunities for companies situated in Silicon Valley and about the government of India's commitment to be a reliable player in the entire semiconductor [...]
Diaspora body urges Sitharaman to allow NRIs, OCI card holders to invest in Indian stock market
Washington, Apr 26 (PTI) A prominent Indian Diaspora body, FIIDS, on Monday urged Finance Minister Nirmala Sitharaman to allow non-resident Indians and overseas citizens of India (OCI) card holders to invest in the Indian stock market. Such a move would boost the Indian economy further by attracting investment from the global Indian community, said the [...]
Indian-American Arun Venkataraman sworn in as Assistant Secretary of Commerce for Global Markets
Washington, Apr 26 (PTI) Arun Venkataraman, a leading Indian-American international trade policy expert, has been sworn in as the Assistant Secretary of Commerce for Global Markets and Director General of the US and Foreign Commercial Service for the International Trade Administration. In this position, Venkataraman will lead a team of over 1,400 employees strategically located [...]
States seek pro-active policy, higher allocation to promote natural farming
New Delhi, Apr 25 (PTI) Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Monday announced that natural farming will start in 5,200 villages of the state from June and the government will also provide Rs 900 per month to farmers for maintaining indigenous cows. Addressing a national workshop on innovative agriculture through virtual mode, he [...]
India to meet half of its energy needs from renewable by 2030: NITI member
New Delhi, Apr 25 (PTI) India's non-fossil energy capacity will reach 500GW by 2030 and the country shall meet half of its energy requirements through renewable energy, reducing the carbon intensity of its economy by less than 45 per cent, NITI Aayog member V K Saraswat said on Monday. Speaking at an event here, Saraswat said, [...]
No feedback sought from states on hiking GST rates: FinMin
New Delhi, Apr 25 (PTI) The finance ministry on Monday clarified that no feedback has been sought from states on the GST rates for specific items or regarding proposals to restructure the rates. In the wake of some media reports stating that feedback has been sought from states regarding a suggestion for raising Good and [...]
States seek pro-active policy, higher allocation to promote natural farming
New Delhi, Apr 25 (PTI) Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Monday announced that natural farming will start in 5,200 villages of the state from June and the government will also provide Rs 900 per month to farmers for maintaining indigenous cows. Addressing a national workshop on innovative agriculture through virtual mode, he [...]
Hiking interest rates to tame inflation not ‘anti-national’: Former RBI chief Raghuram Rajan
New Delhi, Apr 25 (PTI) Former RBI governor Raghuram Rajan on Monday said the central bank will have to raise interest rates to tame inflation and the hikes need not be considered by politicians and bureaucrats as some "anti-national" activity. Known for his frank views, Rajan also said it was important to remember that the [...]
Ukraine crisis, inflation, higher rates to increase ‘risky debt’ by Rs 60,000 cr in FY23: Report
Mumbai, Apr 25 (PTI) The ongoing headwinds like war-triggered inflation, rate tightening by RBI and weak rupee will lead to a Rs 60,000 crore increase in 'risky debt' in FY23, a ratings agency warned on Monday. Defining 'risky debt' as borrowings by companies having a net leverage or debt to operating profit ratio of more [...]
Important for India and EU to engage in geo-political avenues: President Kovind
New Delhi, Apr 25 (PTI) President Ram Nath Kovind on Monday said that it is important for India and European Union (EU) to engage in strategic and geo-political avenues such as in the Indo-Pacific, apart from deepening economic relations. In areas such as climate action, clean energy, sustainable growth, digital transformation and research & innovation, [...]
Hiking interest rates to tame inflation not ‘anti-national’: Former RBI chief Raghuram Rajan
New Delhi, Apr 25 (PTI) Former RBI governor Raghuram Rajan on Monday said the central bank will have to raise interest rates to tame inflation and the hikes need not be considered by politicians and bureaucrats as some "anti-national" activity. Known for his frank views, Rajan also said it was important to remember that the [...]
Naidu calls for exploring newer export markets
Chennai, Apr 25 (PTI) Vice-President M Venkaiah Naidu on Monday urged exporters to explore newer markets to keep the exports high and make the economy "flying high." In his address at an event to confer the Export Excellence Awards on SEZ Units under the Madras Export Processing Zone (MEPZ), Tambaram, near here, he pointed out [...]
Lanka’s debt restructuring to have ‘impact’ on future bilateral loans: Chinese Ambassador warns
Colombo, Apr 25 (PTI) China has "done its best" to help Sri Lanka not to default on its foreign debt, Chinese ambassador in Colombo Qi Zhenhong said on Monday, expressing displeasure at the government’s move to approach the IMF for help and warning that the debt restructuring will definitely have an "impact" on future bilateral [...]
World military expenditure passes USD 2 trillion for 1st time; US on top: SIPRI
London, Apr 25 (PTI) The global military expenditure has crossed the USD 2 trillion mark for the first time, with the US, the world’s largest economy, being the top spender, Sweden-based defence think-tank SIPRI said on Monday. In its latest report, the Stockholm International Peace Research Institute (SIPRI) said that the total global military expenditure [...]
Hiking interest rates to tame inflation need not be considered as ‘anti-national’ activity: Former RBI chief Raghuram Rajan
New Delhi, Apr 25 (PTI) Former RBI Governor Raghuram Rajan on Monday said the central bank will have to raise interest rates to tame inflation and the hikes need not be considered as some "anti-national" activity by politicians and bureaucrats. Known for his frank views, Rajan said that it was important to remember that "war [...]
Healthcare becoming affordable, accessible: Mandaviya
New Delhi, Apr 25 (PTI) Healthcare is becoming accessible and affordable in the country with the government taking steps to enhance the overall infrastructure, including doubling of MBBS seats, Union Health Minister Mansukh L Mandaviya said on Monday. The minister, who also holds Chemicals and Fertilisers portfolio, noted that the government does not see health [...]
Sensex extends losses amid global sell-off; RIL tanks after Future deal falls through
Mumbai, Apr 25 (PTI) The BSE Sensex reeled for the second session running on Monday, weighed by heavy selling in index heavyweight Reliance Industries and a drumbeat of negative cues from global markets. Unabated foreign fund outflows and a depreciating rupee added to the bearish sentiment. The 30-share benchmark opened on the back foot, in [...]
Frequently Asked Questions
1. What is GDP in an Economy?
Gross domestic product (GDP) is the standard measure of the value-added created through the production of goods and services in a country during a certain period. As such, it also measures the income earned from that production or the total amount spent on final goods and services (less imports).
2. What type of news will you get on the Economy section?
Economy news section on Trade Brains News will provide you with the news on the Indian economy and the factors that affect it. It will also provide you with news on retail inflation, foreign exports and imports and more. Stay updated with news on the Indian economy on Trade Brains News.
3. What is inflation in an economy?
Inflation is the rate of increase in prices over a given period of time. Inflation is typically a broad measure, such as the overall increase in prices or the increase in the cost of living in a country.
What is Retail Inflation?
Retail Inflation, refers to the rate of inflation based on the Consumer Price Index (CPI), The CPI is an index that tracks the daily consumption of households and the change in the price of the goods and services these households spend on.