Economy Archives - IAAN Express

India GDP Growth Set at 7.6% in FY26 Under New Series, Q3 at 7.8%

India’s economy is on track to grow at 7.6% in FY26 (2025–26) under the new GDP series, according to the latest official data. The...

Breakthrough! India-Israel Sign UPI Pact, FTA Talks Accelerate

Prime Minister Narendra Modi’s visit to Israel on February 25-26, 2026, marked a milestone in bilateral relations. Meeting Israeli PM Benjamin Netanyahu in Tel...

India’s Net FDI Negative for 4th Straight Month: Record Repatriation Overshadows Inflows

India's foreign direct investment (FDI) landscape shows signs of strain, with net FDI turning negative for the fourth straight month in December 2025. Reserve...

India-UK Free Trade Agreement Set for April 2026 Launch: Boost for Bilateral Trade

India and the United Kingdom are on track to implement their landmark Comprehensive Economic and Trade Agreement (CETA) by April 2026, according to a...

RBI Keeps Repo Rate Steady at 5.25% in February 2026 MPC Meet: Key Highlights

The Reserve Bank of India's Monetary Policy Committee (MPC) wrapped up its February 2026 meeting today, opting to hold the key repo rate steady...

US-India Trade Deal 2026: Tariffs Slashed from 50% to 18%

A groundbreaking US-India trade deal 2026 has slashed US tariffs on Indian exports from a peak of 50% to just 18%, announced by President...

Union Budget 2026 Key Highlights: Tax Relief, Infra Boost, and MSME Support

India's Union Budget 2026-27, unveiled by Finance Minister Nirmala Sitharaman on February 1, 2026, prioritizes inclusive growth amid global headwinds. It spotlights 10 key...

India Shines Bright: Economic Survey 2025-26 Boosts Growth Outlook to 7% Amid Global Gloom

India's Economic Survey 2025-26 presents a rosy picture of the nation's economy, upgrading the medium-term growth outlook to 7% from the earlier 6.5%, even...

‘Mother of All Deals’: India-EU FTA Explained

New Delhi: EU and India concluded the long awaited free-trade agreement after almost two decades of negotiations, part of an effort to deepen economic...

India-EU FTA: ‘Mother of all deals’ sealed

Prime Minister Narendra Modi said on Tuesday that India and the European Union had signed the “mother of all deals” ushering in a landmark...

Quick Commerce Ditches 10-Minute Delivery: Labour Ministry Steps In for Gig Worker Safety

India's quick commerce giants are bidding farewell to the 10-minute delivery promise. Following intervention by Union Labour Minister Mansukh Mandaviya, platforms like Blinkit, Zepto,...

Historic Sunday: Union Budget 2026 on February 1 as Budget Session Kicks Off January 28

India's Parliament Budget Session begins January 28, 2026, culminating in the Union Budget presentation on February 1—a historic Sunday occasion breaking decades of weekday...

Trump’s 500% Tariff Bomb: Billions at Risk for India’s US Exports Over Russian Oil Buys

US President Donald Trump has endorsed the Sanctioning Russia Act of 2025, a bipartisan bill threatening 500% tariffs on exports from India and similar...

India’s Auto Retail Sales Cross 2.81 Crore Units in 2025, Grow 7.71% YoY

India’s auto retail sector ended calendar year 2025 on a strong note, with total vehicle registrations rising 7.71% year‑on‑year to over 2.81 crore units,...

India Imposes 3-Year Steel Tariff to Shield Domestic Makers from Cheap Imports Surge

India has rolled out a three-year tariff on certain steel products to tackle a sharp rise in cheap imports hurting local producers. The finance...

India’s Industrial Output Soars to 25-Month High of 6.7% in November 2025 on Manufacturing Surge

India's industrial activity roared back to life in November 2025, with the Index of Industrial Production (IIP) posting a sharp 6.7% year-on-year growth—the highest...

India-New Zealand FTA Set to Double Bilateral Trade in 5 Years: Piyush Goyal

India's Commerce and Industry Minister Piyush Goyal has announced a major boost for bilateral ties with New Zealand. The newly concluded Free Trade Agreement...

India’s Trade Deficit Plummets 61% to $6.6 Billion in November 2025 on Export Surge

India's trade balance showed remarkable strength in November 2025, with the overall trade deficit shrinking 61% to just $6.6 billion from $17.06 billion the...

US Faces India’s Ultimatum: Approve Deal, Drop 50% Tariffs

India has submitted what it calls a "final" revised trade proposal to the United States, centering on the urgent removal of steep tariffs that...

India-US Tariff Talks Kick Off December 10: Relief from 50% Duties in Sight?

India and the United States gear up for pivotal trade discussions in New Delhi from December 10 to 12, aiming to resolve steep tariffs...

India-Russia Bilateral Trade to Hit $100 Billion Before 2030: PM Modi

Prime Minister Narendra Modi declared that India and Russia will achieve their ambitious $100 billion bilateral trade goal before 2030, thanks to accelerating momentum...

Lok Sabha Passes Bill to Raise Excise Duty on Tobacco Products as GST Cess Ends

The Lok Sabha has passed the Central Excise (Amendment) Bill, 2025, which will replace the existing GST compensation cess on tobacco products with higher...

India’s GDP Surges 8.2% in Q2 FY26: Six-Quarter High Fueled by Manufacturing Boom

India's economy achieved a robust 8.2% real GDP growth in Q2 FY26 (July-September 2025), marking the highest rate in six quarters and surpassing forecasts...

WPI Inflation Drops to -1.21% in October 2025 Due to GST Cut and Base Effect

India’s Wholesale Price Index (WPI) inflation fell sharply to -1.21% in October 2025, marking a 27-month low. This drop was primarily driven by recent...

India’s Manufacturing PMI Hits 17-Year High of 59.2 in October Amid Festive Demand and GST Reform

India’s manufacturing sector achieved a significant milestone in October 2025 as the Manufacturing Purchasing Managers’ Index (PMI) soared to 59.2—a level not witnessed in...

India’s September IIP Growth Eases to 4% as Mining and Electricity Falter

India’s industrial output, measured by the Index of Industrial Production (IIP), registered a growth of 4% in September 2025, marking its slowest pace in...

India’s Private Sector Grows at Slowest Pace in Five Months as PMI Dips in October

India’s private sector growth decelerated in October 2025, reaching its weakest pace in five months as measured by the latest composite Purchasing Managers’ Index...

India Starts Paying for Russian Oil in Chinese Yuan: A Major Shift in Global Energy Trade

India has officially begun settling a portion of its Russian oil purchases using Chinese yuan, marking a significant development in international energy commerce. This...

IMF Raises India’s 2025 Growth Forecast to 6.6%, Cuts 2026 Outlook

The International Monetary Fund (IMF) has increased its forecast for India’s economic growth in 2025 to 6.6%, highlighting the country's strong momentum despite global...

UK’s Keir Starmer Leads Largest Business Delegation to India, Pushes for Next-Gen Trade Growth

British Prime Minister Keir Starmer has arrived in Mumbai, India, leading a massive business and academic delegation in his first official visit since the...

Niti Aayog Proposes Optional Presumptive Taxation Scheme to Boost Foreign Investment in India

Niti Aayog, the Indian government’s policy think tank, has unveiled an innovative optional presumptive taxation scheme to enhance tax certainty and attract more foreign...

India’s GST Revenue Jumps 9% in September, Hits All-Time High of ₹1.89 Lakh Crore

India’s Goods and Services Tax (GST) collections registered a strong 9% growth in September 2025, with total receipts reaching ₹1.89 lakh crore. This significant...

Moody’s Reaffirms India’s Baa3 Rating, Highlights Strong Economy and Fiscal Challenges

India’s sovereign credit rating has been reaffirmed at ‘Baa3’ with a stable outlook by Moody’s, one of the world’s top credit rating agencies. This...

India’s Exports Surge 6.7% to $35.1 Billion in August as Imports Fall 10%

India marked a positive turn in its global trade story for August 2025, recording a strong 6.7% rise in merchandise exports that reached $35.1...

India’s Two-Rate GST: Simpler Taxes from September 22

India’s Goods and Services Tax (GST) Council has approved a major simplification of the country’s tax system by introducing a two-rate GST structure starting...

Massive Surge in Foreign Project Withdrawals: India Sees ₹2 Lakh Crore Worth of Cancellations in Q1 2025

India's investment climate underwent a dramatic shift in the first quarter of 2025, as foreign firms halted or withdrew projects representing an astonishing ₹2...

Gold Prices Soar to Record ₹1.06 Lakh per 10 Gram on Weak Rupee and Tariff Concerns

Gold prices in India climbed to an all-time high of ₹1.06 lakh per 10 grams on September 2, 2025, driven by rising concerns over...

India’s Economy Grows Faster-than-Expected at 7.8% in Q1 2025

India’s economy has experienced a significant boost, growing at an annual rate of 7.8% in the first quarter (June quarter) of the fiscal year...

PM Modi’s Japan Visit: Spotlight on Economic and Tech Collaboration

Prime Minister Narendra Modi is in Japan for a two-day official visit, focusing on the 15th India-Japan Annual Summit with Japanese Prime Minister Shigeru...

Sensex Crashes 849 Points Below 81,000 Ahead of U.S. Tariff Rollout

India’s stock market faced a sharp fall as the BSE Sensex dropped by 849 points and closed below 81,000 on August 26, 2025. This...

Major GST Overhaul Slated for Diwali: Common Goods to Get Cheaper

The Government of India has announced a sweeping proposal to overhaul the Goods and Services Tax (GST) framework by reducing it to just two...

India Records Sharp Drop in Inflation to 1.55% in July

India’s retail inflation, measured by the Consumer Price Index (CPI), dropped to 1.55% in July 2025 — the lowest level since June 2017. This...

Trade Tension Triggers ₹18,000 Crore FPI Outflow from Indian Equities in August

Foreign Portfolio Investors (FPIs) withdrew nearly ₹18,000 crore from Indian equities in August 2025, marking another month of heavy selling. This brings the total...

Trump Orders Additional 25% Tariff on Indian Goods Amid Russian Oil Dispute

The United States has announced a sharp increase in tariffs on Indian goods, responding to India’s continued purchase of Russian oil. Under this new...

How U.S. Sanctions on Russian Oil Could Add $9–11 Billion to India’s Import Bill

With the United States increasing its pressure on countries importing Russian oil, India faces a significant financial threat. Analysts project that if U.S. sanctions...

Trump’s 25% Tariff on India: What It Means for Trade and Economy

The Trump administration has announced a new 25% tariff on a wide range of goods imported from India, effective August 1, 2025. This move...

India’s Economic Growth Set to Surpass 6.5% in FY26 on Strong Domestic Demand

India’s economy is set to remain among the world’s fastest-growing major economies, with forecasts for the financial year 2025-26 placing growth above 6.5%. This...

India Announces ₹4,850 Crore Line of Credit to Maldives During PM Modi’s Visit

Prime Minister Narendra Modi’s official visit to the Maldives today, marked a significant step forward in India-Maldives relations with the announcement of a ₹4,850...

India-UK sign FTA : Scotch, Rolls Royce, Salmon to get cheaper

London: India and the United Kingdom signed a historic free trade agreement (FTA) today in London in the presence of Prime Minister Narendra Modi...

REC net profit rises 29% to ₹4,451 crore in Q1; disbursements jump to ₹59,508 crore

New Delhi: REC Ltd reported a 29% year-on-year rise in standalone net profit to ₹4,451 crore for the quarter ended June 30, 2025, up...

India to Roll Out EFTA Trade Agreement from October 1, Eyes $100 Billion FDI

India’s Free Trade Agreement with the European Free Trade Association (EFTA) will officially come into effect on October 1, 2025. The announcement was made...

India Rejects NATO Sanctions Threat Over Russia Oil Trade

India has strongly rejected the recent threat by NATO Secretary General Mark Rutte, who warned of "100% secondary sanctions" on countries continuing to trade...

Fertilizer Security Boost: India to Import 3.1 Million MT DAP from Saudi Arabia

The Union Minister for Health and Family Welfare and Chemicals and Fertilizers, Shri J.P. Nadda, concluded his visit to Saudi Arabia on 13th July...

India’s Services Sector Growth Hits 10-Month High in June on Surge in New Orders

India's services sector recorded its fastest growth in 10 months this June, powered by a sharp rise in new business orders, both domestic and...

India’s Economy Remains Resilient, RBI Reports Lowest NPAs in Decades

On June 30, 2025, the Reserve Bank of India (RBI) released its Financial Stability Report, highlighting that India’s banking sector remains strong and the...

Oil Prices Hit Five-Month High After U.S. Strikes on Iran: Impact on India and the World

Oil prices have surged to a five-month high following a dramatic escalation in tensions between the United States and Iran. After the U.S. launched...

Israel’s economy in times of war

War is expensive. With Israel fighting on at least two fronts, the country's finances and economy are strained. In addition to requiring huge amounts...

Trade Deficit Dips in May 2025 as India’s Export Engine Fires Up

India’s trade deficit narrowed significantly in May 2025, thanks to falling crude oil prices, reduced gold imports, and strong performance in services exports. According...

India Relaxes SEZ Rules to Boost Semiconductor and Electronics Manufacturing

In a significant policy shift, the Indian government has relaxed the rules governing Special Economic Zones (SEZs) to attract major investments in semiconductor and...

India’s GST Collections Cross ₹2 Lakh Crore in May 2025, Marking 16.4% Growth

India’s Goods and Services Tax (GST) collections witnessed strong growth in May 2025, reaching ₹2.01 lakh crore. This marks a 16.4% year-on-year increase, compared...

2024–25 GDP Growth at 6.5%: India’s Slowest Pace Since COVID-19

India’s economy grew by 6.5% in the financial year 2024–25, marking the slowest annual growth since the COVID-hit year of 2020–21. The data, released...

Trump Threatens Apple with 25% Tariff Over iPhone Production in India

U.S. President Donald Trump has once again turned his focus on Apple, issuing a clear warning: produce iPhones in the United States or pay...

Retail Inflation Cools to 3.16% in April — Lowest in Almost 6 Years

India’s retail inflation fell to 3.16% in April 2025, marking its lowest level in nearly six years. This steep decline has been driven largely...

India’s GST Revenue Hits Record ₹2.37 Lakh Crore in April 2025, Rises 12.6%

India’s Goods and Services Tax (GST) collection soared to an all-time high of ₹2.37 lakh crore in April 2025, marking a significant 12.6% increase...

SEBI Cracks Down on Gensol for Misusing EV Project Funds

Gensol Engineering Ltd. is under a government probe after the Securities and Exchange Board of India (SEBI) uncovered alleged misuse of Rs 975 crore...

India’s Forex Reserves Rise to $677.83 Billion for Sixth Straight Week

India’s foreign exchange reserves have recorded an impressive rise for the sixth week in a row, touching $677.83 billion. The steady growth reflects the...

India’s Growth Outlook Dimmed as Moody’s Revises GDP Forecast

Moody’s Analytics has revised its forecast for India’s GDP growth in the calendar year 2025, lowering it to 6.1% from an earlier estimate of...

India gets a 90-day breather; even as Trump hikes China tariffs to 125%

In a significant move, US President Donald Trump announced on a 90 day 'pause' on higher reciprocal tariffs for all countries except for China,...

Russian oil prices crash to $52 following Trump’s global tariff shock

Russia is in unprecedented economic situation as global crude prices fall sharply following Trump's global tariff shock and the OPEC's decision to increase oil...

Black Monday bloodbath: Markets crash worldwide

Uncertainty is looming large across global financial systems, with a global stock market crash unfolding across several different exchanges worldwide. In what is being...

India Passes Aircraft Leasing Bill to Boost Aviation Industry

India’s Parliament has passed the Protection of Interests in Aircraft Objects Bill, 2025, a significant step to improve the country’s aviation sector. This new law...

Trump imposes 26% ‘discounted reciprocal tariff’ on India, amidst global trade wars

US President Donald Trump announced a 26 per cent “discounted reciprocal tariff” on India, half of the claimed 52 per cent levies imposed by...

FM Nirmala Sitharaman to Launch ‘NITI NCAER States Economic Forum’ Portal on April 1

Union Finance Minister Nirmala Sitharaman will launch the NITI NCAER States Economic Forum portal on April 1, 2025. The digital platform, developed by NITI...

Adani Energy Solutions Takes Over ₹1,996 Crore Mahan Transmission Project from RECPDCL

REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited under the Ministry of Power, has officially handed over the Mahan Transmission...

India’s Business Growth Slows in March as Service Activity Weakens

India’s private sector growth took a slight hit in March 2025 as the HSBC Flash India Composite Purchasing Managers' Index (PMI) fell to 58.6 from 58.8 in February. This drop...

North India’s first nuclear plant to come up in Haryana, Jaitapur project moves ahead amid environmental concerns

New Delhi: India’s nuclear energy expansion is gaining momentum with two major projects—the first-ever nuclear power plant in North India, coming up in Gorakhpur,...

India’s Wholesale Inflation Rises to 2.38% in February 2025

India's wholesale price inflation (WPI) climbed to 2.38% in February 2025, slightly up from 2.31% in January, according to official data. The increase was primarily driven...

REC Signs ₹18,360 Cr MoU with Kerala Government for Pump Storage Projects

REC Limited, a Maharatna company under the Ministry of Power, has signed a Memorandum of Understanding (MoU) with the Energy Management Centre (EMC), Government...

India’s Retail Inflation Drops to 3.61% in February 2025, Hits 7-Month Low

India’s retail inflation, measured by the Consumer Price Index (CPI), fell to 3.61% in February 2025, marking a seven-month low. This decline, which beat...

REC Limited Signs MoU with Govt. of Madhya Pradesh to Support Power Sector with Rs 21,000 Crore Commitment

REC Limited, a Maharatna CPSE under the Ministry of Power, has signed a Memorandum of Understanding (MoU)with the Government of Madhya Pradesh at the Global Investors Summit 2025 in Bhopal. The agreement...

India Plans to Reduce States’ Tax Share from 2026

The Indian government is considering reducing the share of federal tax revenue given to states from 41% to 40% starting in 2026. This proposal...

India Resumes Trade Talks with UK and EU Amid US Tariff Concerns

India is actively restarting trade negotiations with the United Kingdom and the European Union to finalize long-pending free trade agreements (FTAs). These talks aim...

India’s Exports Shrink While Imports Rise—What It Means for the Economy

India’s merchandise exports fell 2.38% to $36.43 billion in January 2025, reflecting a slowdown in global demand. Meanwhile, imports surged by 10.28% to $59.42 billion, leading to a wider trade deficit...

India’s New Income Tax Bill 2025 to Be Introduced Tomorrow: Key Changes

The Indian government is set to introduce the New Income Tax Bill 2025 in Parliament on February 13. This bill aims to replace the Income Tax Act...

India’s Retail Inflation Drops to a Five-Month Low in January 2025

India’s retail inflation eased to 4.31% in January 2025, marking its lowest level in five months. This is a significant drop from 5.22% recorded...

REC signs ₹2,147 crore loan agreement with CVPPL for 1,000 MW Pakal Dul hydroelectric project

Jammu: REC Limited, a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power, has signed a term loan agreement with Chenab Valley...

RBI Cuts Repo Rate for the First Time in Five Years

The Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points, bringing it down to 6.25%. This is the first rate...

REC Q3 net profit rises 23% to ₹4,029 crore, declares ₹4.30 interim dividend

New Delhi: REC Limited on Thursday reported a 23 per cent year-on-year (YoY) increase in its standalone net profit to ₹4,029 crore for the...

USA-Canada Tariff War: A Trade Dispute with Global Impact

The United States and Canada are currently locked in a heated trade dispute after the U.S. imposed new tariffs on Canadian imports. This decision...

Budget 2025-26: Fiscal deficit at 4.4%, no tax on income up to ₹12 lakh, capex at ₹11.21 lakh crore

New Delhi: Union Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26 in Parliament, estimating total receipts, excluding borrowings, at ₹34.96 lakh crore and...

India’s GDP to grow at 6.4% in FY25, inflation eases: Economic Survey

New Delhi: Union Finance Minister Nirmala Sitharaman presented the Economic Survey 2024-25 in Parliament, projecting India’s real GDP growth at 6.4% for FY25, aligning...

UN projects Indian economy will grow at 6.6% in 2025, driven by Govt Capex and agriculture growth

New Delhi: India’s economy is set to grow by 6.6% in 2025, according to the World Economic Situation and Prospects (WESP) 2025 report released...

Sacred Innovation: How Technology is Managing the Maha Kumbh Mela 2025

The Maha Kumbh Mela is the world’s largest spiritual gathering, held every 12 years at the confluence of the Ganges, Yamuna, and the mythical...

India’s Economy in 2025: Between Hope and Hurdles

The economic forecast for India in 2025 carries an air of intrigue, akin to a thriller with unpredictable twists. This multifaceted narrative intertwines opportunities...

PM Modi, Spain’s Sanchez launch India’s first private military aircraft plant

Indian Prime Minister Narendra Modi and the President of Spain Pedro Sanchez jointly inaugurated India’s first private military aircraft plant today, which will produce...

SEMICON India 2024: PM Modi announces ₹1.5 trillion investments in semiconductor push

India has attracted over ₹1.5 trillion in investments for its semiconductor sector, Prime Minister Narendra Modi announced at the inauguration of SEMICON India 2024...

UN takes bold step towards global tax convention to tackle cross-border tax evasion

In a significant development on the global stage, the United Nations has initiated the process of establishing the first-ever global tax convention, aimed at...

From UPI to ULI: India’s new revolutionary FinTech tool is here

Unified Lending Interface (ULI) is the next big Indian FinTech marvel about to take the country by storm. The Reserve Bank of India (RBI)...

Hindenburg vs. Adani: How the saga unfolded and involved SEBI

Adani Group's shares found themselves back in the spotlight as US-based short-seller Hindenburg Research levied a fresh set of allegations, this time targeting the...

India Bangladesh trade at risk amid instability in Dhaka

The unprecedented civil political instability in Bangladesh has hampered the longstanding trade relationship between India and Bangladesh, creating new challenges for both New Delhi...

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