The slowdown in India's industrial output during the first half of the financial year 2025-26 (H1FY26) is expected to be offset by the Goods and Services Tax (GST) rationalisation, early arrival of the festive season, and lower inflation, according to a report by Bank of Baroda.
Despite United States imposing higher tariffs on India in August, the Indian economy gained momentum in the second quarter (July-September) of the current financial year, according to the Department of Economic Affairs' (DEA), finance ministry's monthly economic review.
A renewed sense of enthusiasm and momentum has been felt across markets, industry, business circles, and among the general public, following recent reform in tax slabs of the Goods and Services (GST), said Union Commerce and Industry Minister Piyush Goyal during a press conference co-headed
Finance Minister Nirmala Sitharaman, Commerce Minister Piyush Goyal, and Electronics & IT Minister Ashwini Vaishnaw on Saturday hailed the recent GST rate rationalisation as a major driver of economic momentum during this year's festive season.
Union Minister Piyush Goyal on Friday said that there is no better time than now to invest in India's hospitality sector, as the industry continues to perform strongly amid the country's growing economic momentum.
Reacting to the Monetary Policy Committee (MPC) decisions, financial sector experts noted that the overall tone of the policy appears to be growth-centric, with a slight tilt towards concerns over economic momentum, while expressing significant comfort on the inflation front.
Industry leaders and economists have expressed confidence in the growth of Tamil Nadu which achieved double digit economic growth and said that the state could exceed 12 per cent in the coming year if it sustains this momentum the current economic momentum.
Showing strong economic momentum in the prominent metro cities, micro markets of Delhi NCR and Mumbai have continue to lead in terms of average rentals and lowest vacancy levels, according to the latest report by real estate consultancy firm Colliers.
New Delhi [India], June 7: The Reserve Bank of India's Monetary Policy Committee (MPC) has taken a decisive step to revive economic momentum by slashing the repo rate by 50 basis points, bringing it down to 5.5%, while also reducing the Cash Reserve Ratio (CRR) by 100 bps. These moves, combi
Syed Akbaruddin, India's former permanent representative to the UN, has termed the Pahalgam terror attack an attempt to undermine India's social cohesion and economic momentum. He was interacting with the Indian Diaspora here on Tuesday as part of the multi-party delegation led by the NCP(S
The SBI research adds that despite rising global uncertainties, including trade disruptions and policy volatility, India's economic momentum remains largely resilient.
New Delhi [India], April 11: India's real estate sector has welcomed the Reserve Bank of India's latest monetary policy move, which saw the repo rate reduced by 25 basis points to 6%. Industry leaders believe the decision-aimed at boosting economic momentum amid global uncertainties-will imp