Chief Economic Advisor V Anantha Nageswaran on Thursday urged India Inc to scale up capital expenditure and align worker compensation with profitability growth to ensure the Indian economy sustains a growth trajectory of over 6.5 per cent and moves closer to its goal of becoming a developed nation by 2047.Speaking at a CII event, Nageswaran […]
The Reserve Bank of India (RBI) has expressed growing confidence in achieving its medium-term inflation target of 4.0 per cent, as headline inflation dipped below the target level in February and March 2025, according to its latest Annual Report released on Thursday.“With inflation falling below the target in February and March 2025, supported by a […]
The US economy contracted at a 0.2% annual pace from January through March, marking the first quarterly decline in three years, as President Donald Trump’s trade policies disrupted business activity. The Commerce Department released the revised estimate Thursday, slightly improving on its initial figure.The drop in gross domestic product (GDP) — the broadest measure of […]
India is set to be the main engine of global economic growth in 2025 and 2026, according to the World Economic Forum’s (WEF) Chief Economists Outlook report. The report, which surveys leading economists, highlights India’s strong economic fundamentals and positive outlook despite ongoing global uncertainties. “India, the region’s largest economy, looked set to be the […]
V Anantha Nageswaran, Chief Economic Advisor, Government of India | Photo Credit: BIJOY GHOSH Chief Economic Advisor V Anantha Nageswaran on Thursday termed the growth estimate of 6.3-6.8 per cent as a reasonable prospect. He also noted that post the 90-day period of tariff pause, India will have advantage in some new sectors. Speaking at […]
Chief economists from across the world are the most optimistic about a strong economic expansion in South Asia, with India looking set to be the primary engine of growth in 2025 and 2026, a new survey showed on Wednesday. The chief economists, however, warned of the overall global growth coming under strain from trade policy […]
Mining, manufacturing and electricity sectors for April were (-)0.2 per cent, 3.4 per cent and 1.1 per cent, respectively. | Photo Credit: AMIT DAVE With poor performance of mining and electricity, growth of the factory output — based on Index of Industrial Production (IIP) — came down to 2.7 per cent in April as against […]
Modi Naturals Ltd. demonstrated a strong financial performance in FY25, with revenues surging to INR 663 crores, marking a substantial 66% increase over the previous fiscal year. The company’s Profit After Tax (PAT) also saw an exceptional rise to INR 31.02 Crores from a loss of INR 1.4cr […]
India’s industrial production growth decelerated to 2.7% in April 2025, down from 5.2% recorded in the same month a year ago, as the mining, manufacturing, and power sectors showed weaker performance, official data revealed today. The Index of Industrial Production (IIP) for April 2025 showed a notable slowdown after the 5.2% growth in April 2024.According […]
Gurgaon-based SaaS logistics platform Fleetx.io has raised ₹113 crore in a Series C round led by existing backers IndiaMART Intermesh and BEENEXT’s Accelerate Fund, comprising both primary and secondary investments. | Photo Credit: iStockphoto Gurgaon-based SaaS platform Fleetx.io has secured ₹113 crore in Series C funding. The round saw a mix of primary and secondary […]
