The amended FDI norms in the space sector strike a fine balance between the funding needs of India's spacetech startups and the country's security

Moody's Ratings on Thursday raised India's GDP growth forecast for FY24 to around 8 per cent from 6.6 per cent on the back of strong domestic consumption and capital expenditure. The estimate comes a day after RBI Governor Shaktikanta Das said the economic growth in the current financial year could be close to 8 per cent in view of the third quarter GDP data released by the government. The latest estimate of Moody's is about 140 basis points higher than the earlier projection of 6.6 per cent made in November 2023. The National Statistical Office (NSO) has projected 8.4 per cent growth in December quarter of the current financial year. It has also revised GDP estimates for the first and second quarters to 8.2 per cent and 8.1 per cent from 7.8 per cent and 7.6 per cent, respectively. "We expect India to be the fastest-growing economy among major G20 countries, with its real GDP growth to accelerate to around 8 per cent in the fiscal year ending March 2024 (fiscal 2023-24) from 7 per

Australian food brands seek a market of 25-30 million people in India's Tier-I and Tier-II cities, he says

India's second such local currency trade agreement, after one with the UAE

Demand was up about 5.1% on a daily basis from the 4.74 mbpd (20.04 million metric tons) consumed in January

The surprise 8.4% surge in gross domestic product was largely due to base effects related to subsidies, which boosted the net indirect tax category, CEA V Anantha Nageswaran said

The farm ministry in February predicted a record harvest of 112 million tons this year, and farmers will begin collecting crops in April

India and Japan are natural partners in a world headed towards "re-globalisation", External Affairs Minister S Jaishankar said on Thursday, asserting that the two nations also share basic affinities, being democracies and market economies. Jaishankar is in Tokyo for the second leg of his four-day visit to South Korea and Japan. Addressing the first Raisina Roundtable here, the minister said, "The world is heading for re-globalisation with the building of resilient and reliable supply chains and trusted and transparent digital transactions." The minister said the "top 20 or 30 nations today are not what they were two decades ago. Even less so. What they were four or eight decades ago." "Not only are the countries that impact us different but so are relative weight, importance and capability. As a result, new balances are being sought and occasionally achieved," he said. Jaishankar asserted that India and Japan are natural partners in the re-globalisation of the world as democracies

There is the reality of very big power shifts in Indo-Pacific, Jaishankar said while addressing the Raisina Roundtable organised by the Observer Research Foundation (ORF) in Tokyo

The sustained contraction in investment inflows comes against the backdrop of uncertainties and challenges in the global economy

India accounted for more than half of all Asia deals with West Asia investors and 58% of the capital invested in Asia during the period, outpacing China and Southeast Asia

Economist Sanjeev Sanyal on Wednesday said India needs to sustain the current growth momentum to reach the "bottom echelons" of being considered a developed world by 2047. Sanyal, a full-time member of the Economic Advisory Council, suggested that developing fast is imperative because by 2047, India would have aged and be in the same place as China is right now. "We still remain a very poor country. So, we have to sustain this performance for 25 years. Only then are we going to get to the bottom echelons of being a developed country in 2047 when we will be 100 years of freedom," Sanyal said while addressing the India Global Forum here. He said this is a window of opportunity before the country, and we ought to make it work by remaining focused on economic growth and not getting distracted by other things. Sanyal said it is essential that we continue to undertake reforms to realise the growth potential and listed out some essential priorities. He said the judicial side requires a l

As of December 2023, IiAS reported the strongest Corporate Governance Score performance for BSE100 since assessments commenced in 2016

Overseas marine insurance covers amounts running into billions of dollars, which India's entity would not be able to undertake initially

Governor Das emphasised the RBI's commitment to achieving a sustainable 4 per cent inflation rate

On the inflation front, Crisil expects softening to continue in the next fiscal on the back of healthier agriculture output that tames food inflation, and benign oil and commodity prices

Das said rural demand had been improving and was much stronger than a year ago, while urban demand continued to be very strong

The highest salary hikes are expected to be seen in e-commerce (10.9%), financial services (10.1%), and professional services and real estate (10% each)

Competition Commission expected to soon publish guidelines on methodology for computing penalties

Crisil Ratings on Wednesday projected India's GDP growth at 6.8 per cent in the next fiscal and said the country will become an upper middle-income nation by 2031 with the economy doubling to USD 7 trillion. In its India Outlook report, Crisil said the Indian economy will take support from domestic structural reforms and cyclical levers and can retain -- perhaps even improve -- its growth prospects to become the third largest economy by 2031. "After a better-than-expected 7.6 per cent this fiscal, India's real GDP growth will likely moderate to 6.8 per cent in fiscal 2025," said the Crisil India Outlook report. It said that the next seven fiscals (2025-2031) will see the Indian economy crossing the USD 5 trillion-mark and inching closer to USD 7 trillion. "A projected average expansion of 6.7 per cent in this period will make India the third-largest economy in the world and lift per capita income to the upper-middle income category by 2031," Crisil said. India, with a GDP size of