Economy

India Imposes Anti-Dumping Duty on Five Chinese Products

To protect domestic industries from unfairly priced imports, India has imposed anti-dumping duties on five Chinese products: Soft Ferrite Cores, vacuum insulated flasks, aluminium foil, Trichloro Isocyanuric Acid, and Poly Vinyl Chloride (PVC) Paste Resin. These products were being exported...

First-Ever Export of Anthurium Flowers from Mizoram to Singapore

In a major milestone for India’s floriculture sector, particularly from the North Eastern Region (NER), the Agricultural and Processed Food Products Export Development Authority (APEDA) has facilitated the first-ever export of Anthurium flowers from Mizoram to Singapore. The consignment, consisting...

Government Notifies Revisions to MSME Investment and Turnover Criteria: Effective April 1, 2025

The Government of India has announced a major revision in the investment and turnover criteria for the classification of Micro, Small, and Medium Enterprises (MSMEs). The changes, which will take effect from April 1, 2025, are aimed at enhancing business...

India’s Net FDI Declines to $1.4 Billion in 2024-25 Amid Rising Outward Investments

India's net Foreign Direct Investment (FDI) witnessed a significant decline, dropping to $1.4 billion during April 2024–January 2025 from $11.5 billion in the same period a year ago. This decline was attributed to increased repatriation by investors and a rise...

Government Establishes Fintech Panel to Address Regulatory Challenges

To address regulatory concerns and devise a long-term strategy for the financial technology sector, the Indian government has set up an Inter-Ministerial-Industry Committee on Fintech (IMICF). The committee, chaired by the Secretary of the Department of Financial Services (DFS), aims...

India’s GDP to Reach $5.7 Trillion, Becoming Third Largest by 2028: Morgan Stanley

According to Morgan Stanley, India's GDP is projected to expand to $5.7 trillion by fiscal 2028, making it the third-largest economy in the world, surpassing Germany and Japan. Currently the fifth-largest economy, India is expected to overtake Japan by 2026...

India’s Wholesale Inflation Remains Steady at 2.38% in February

India’s wholesale inflation rate witnessed a slight increase in February 2024, settling at 2.38%, as per data released by the Ministry of Commerce on Monday. This figure is marginally higher than January’s wholesale inflation rate of 2.31%. The rise in...

India’s Forex Reserves See Sharpest Jump in Two Years: RBI Data

In a significant development, India's foreign exchange reserves surged by $15.267 billion to reach $653.966 billion during the week ending March 7, 2025, marking the sharpest rise in over two years. This sudden spike is primarily attributed to the $10...

India – New Zealand Announce Launch of FTA Negotiations

India and New Zealand have officially launched negotiations for a "comprehensive and mutually beneficial" Free Trade Agreement (FTA), marking a significant step in their bilateral relations. This will be India's second FTA in the Oceania region, after the India-Australia Economic...

Moody’s Projects India’s GDP Growth to Exceed 6.5% in FY 2025-26

Global credit rating agency Moody's Ratings has projected that India's economic growth will surpass 6.5% in the fiscal year 2025-26, up from 6.3% in FY 2024-25. The growth is expected to be driven by higher government capital expenditure, tax cuts...