Economy

Economy News

UK seeks national treatment in services under FTA with India

India’s services exports to the UK in 2022 stood at $12.7 billion while imports were $8.59 billion. The UK has demanded national treatment for its services businesses and greater freedom.

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Economy News

Industrial production rises 4.2 pc in April

India’s industrial production rose 4.2 per cent in April, according to the official data released on Monday. India’s industrial production rose 4.2 per cent in April, according to the official.

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Economy News

Multi-pronged policy response needed to reignite, sustain growth: RBI Deputy Guv M D Patra

The policy response has to be powered by technological capital deepening, accompanied by long-term investment in research and development to nurture a competitive innovation ecosystem, skill development through sustained educational.

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Economy News

India, UAE target $ 100 bn non-oil trade by 2030; set up councils to facilitate FTA implementation

The new target was agreed upon during the first meeting of the Joint Committee of India-UAE Comprehensive Economic Partnership Agreement (CEPA). The agreement was implemented on May 1 last year..

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India, EU seek to resolve dispute at WTO bilaterally

The Dispute Settlement Body (DSB) has called a special meeting on June 15 to decide on the joint request. If this is agreed to by DSB, it would facilitate the.

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India’s services sector output increases at 2nd-fastest pace in close to 13 years in May: PMI

The seasonally adjusted S&P Global India Services PMI Business Activity Index fell from 62 in April to 61.2 in May. India’s services sector growth eased slightly in May, but registered.

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Economy News

Asset monetisation: Rs 1.4 trn raised, up 44% on year

The monetisation of public-sector brownfield assets unlocked capital worth Rs 1.4 trillion in FY23, up 44% on year. The achievement was against the target of Rs 1.62 trillion. The monetisation.

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India likely bracing for El Nino impact on monsoon, says former farm secretary

Any shortfall in showers during the June-September rainy season could hurt India’s crop output, boost food inflation and prompt the government to continue curbing exports of wheat, rice and sugar..

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RBI may reduce policy rate in fourth quarter of 2024: Oxford Economics

It further said inflation has already begun easing, and consumer inflation expectations are falling, so attention has shifted from estimating the peak level of the current hiking cycle to the.

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Economic recession in Germany may impact certain export sectors from India: CII EXIM

Germany, the world’s fourth-largest economy, is facing recession as its GDP fell 0.3 per cent in the first quarter of 2023, following a decline of 0.5 per cent in the.

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