Economy
India 

Mixing 20 Percent DME in LPG Could Save ₹34,200 Crore Annually: Report

Mixing 20 Percent DME in LPG Could Save ₹34,200 Crore Annually: Report    As per a recent report, mixing 20 percent dimethyl ether (DME) produced from coal gasification with cooking gas (LPG) could lead to an annual reduction of approximately 6.3 million tons in LPG imports. This could result in foreign exchange savings...
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Business  India 

World Bank projects India's GDP growth at 6.6 percent for the fiscal year 2026-27

World Bank projects India's GDP growth at 6.6 percent for the fiscal year 2026-27    The World Bank has increased its GDP growth estimate for India for the fiscal year 2026-27 from 6.3 percent to 6.6 percent. This growth rate reflects strong domestic demand and economic resilience, even as the Indian economy continues on a...
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Business  India 

Government appeals to avoid panic buying amid Hormuz disruptions, assures sufficient fuel

Government appeals to avoid panic buying amid Hormuz disruptions, assures sufficient fuel The government has urged citizens to avoid panic buying of petrol, diesel, and LPG. It stated that despite disruptions related to the closure of the Hormuz Strait, fuel supply is sufficient and the situation is under control. The Ministry of...
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Business  India 

India to lead growth in emerging markets and Asia Pacific region with strong GDP forecast

India to lead growth in emerging markets and Asia Pacific region with strong GDP forecast New Delhi, November 28: India is poised to lead growth across emerging markets and the Asia Pacific region with a projected Gross Domestic Product growth of seven percent in 2025 and 6.4 percent in 2026. Moody's Ratings stated on Friday...
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Business  International  India 

Jaishankar highlights need for global workforce, says new trade arrangements will emerge

Jaishankar highlights need for global workforce, says new trade arrangements will emerge New York, September 28 – External Affairs Minister S Jaishankar has underlined that the world will require a large-scale global workforce in the coming years and, despite prevailing uncertainties, new trade arrangements will continue to take shape. As per agency...
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Business 

India Surpasses Japan to Become Fourth-Largest Economy: NITI Aayog CEO

India Surpasses Japan to Become Fourth-Largest Economy: NITI Aayog CEO New Delhi, May 24 – India has overtaken Japan to become the world’s fourth-largest economy, according to BVR Subrahmanyam, Chief Executive Officer of NITI Aayog. The announcement was made following the 10th Governing Council meeting of NITI Aayog held in...
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Business  India 

US Tariffs Likely to Impact Indian Exports in Agriculture, Machinery, Pharmaceuticals, and Electronics

US Tariffs Likely to Impact Indian Exports in Agriculture, Machinery, Pharmaceuticals, and Electronics New Delhi, April 2 – Indian exports across several key sectors, including agriculture, chemicals, pharmaceuticals, medical equipment, electronics, and machinery, may face the brunt of retaliatory tariffs imposed by the United States. Experts warn that products with a high tariff...
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Business  India 

Morgan Stanley Report: Trade Tensions to Impact Asia, but India Poised for Strong Growth

Morgan Stanley Report: Trade Tensions to Impact Asia, but India Poised for Strong Growth New Delhi, March 11 – A recent report by Morgan Stanley highlighted that trade tensions will continue to challenge Asia’s economic growth. However, India remains the best-positioned economy in the region due to its lower reliance on merchandise exports, strong...
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Business  India 

US Tariffs on India Create Trade Uncertainty, Experts Call for Strategic Approach

US Tariffs on India Create Trade Uncertainty, Experts Call for Strategic Approach New Delhi, February 14 – The recent announcement by US President Donald Trump regarding retaliatory tariffs on India has introduced uncertainty in bilateral trade relations. However, experts believe that a proposed major trade agreement could help strengthen commerce between the...
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Business  India 

Resilience Amidst Uncertainty: Indian Economy Shows Mixed Signs, NCER Report Suggests

Resilience Amidst Uncertainty: Indian Economy Shows Mixed Signs, NCER Report Suggests New Delhi - Amidst ongoing global geopolitical uncertainties, the Indian economy continues to display resilience, though certain high-frequency indicators suggest a softening economic outlook. This was highlighted in the latest monthly economic review by the National Council of Applied Economic...
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Business  India 

Economy is in better condition, GDP will grow at 6.5 to 7% in 2024-25

Economy is in better condition, GDP will grow at 6.5 to 7% in 2024-25 New Delhi, July 22 (HS): Union Finance Minister Nirmala Sitharaman on Monday presented the Economic Survey of the financial year 2023-24 in the Lok Sabha. Presenting the Economic Survey, Sitharaman said that the condition of the Indian economy is better...
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Business  India 

Nirmala Sitharaman Highlights Rapid Growth, Expects India to Become 3rd Largest Economy Soon

Nirmala Sitharaman Highlights Rapid Growth, Expects India to Become 3rd Largest Economy Soon Union Finance Minister Nirmala Sitharaman lauded the rapid economic growth of India under the leadership of Prime Minister Narendra Modi. Speaking at the Vikas Bharat Ambassador Campus Dialogue at the Gandhi Institute of Technology and Management (GITAM) University in Visakhapatnam,...
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