Union Minister Jitan Ram Manjhi on Sunday praised the Union Budget 2026-27, emphasising that Micro, Small and Medium Enterprises (MSMEs) are the backbone of the Indian economic system. He highlighted the increase in allocation from Rs 23,168 crore to Rs 24,566 crore, aimed at boosting GDP
The Union Budget 2026-27 has delivered targeted relief for consumers, exporters and strategic industries, while tightening taxes and select goods or assets. The proposals aim to improve the quality of life, support domestic manufacturing and exports, and generate additional revenue from f
Presenting the Budget, Finance Minister Nirmala Sitharaman announced a set of indirect tax measures in the Union Budget 2026-27, aimed at further simplifying the tariff structure, supporting domestic manufacturing, promoting export competitiveness, and correcting inversion in duty.
In response to the US tariffs on imports of Indian goods, Union Finance Minister Nirmala Sitharaman on Sunday proposed reducing the tariff rate on all dutiable goods imported for personal use from 20 per cent to 10 per cent.
Taiwan's gross domestic product (GDP) increased an estimated 8.63 per cent in 2025 from a year earlier, marking its strongest growth in 15 years. According to a report by Focus Taiwan, the economic expansion was primarily driven by a surge in exports and rising demand for artificial intellig
Ahead of the Union Budget 2026, Congress President Mallikarjun Kharge on Saturday criticised the Prime Minister Narendra Modi-led government, asserting that its own "legacy" has left the economy in an "unprecedented mess," and questioned whether the upcoming budget would deliver concrete
Imports from India witnessed a sharper contraction, falling 31.4% year-on-year in November 2025 compared with November 2024, marking one of the steepest monthly declines among major suppliers, it said. This significant decline is indicative of the challenges faced by India's textile and appa
Speaking exclusively to ANI on the FTA, Goyal emphasised that the agreement is a win-win deal that will drive economic growth and create new opportunities for Indian businesses and citizens. Goyal highlighted the potential benefits of the FTA for India's textile sector, which is expected
The US reaffirmed its energy partnership with India at India Energy Week 2026 in Goa, focusing on expanding trade, infrastructure and technology cooperation. US officials discussed increasing energy imports, LNG and civil nuclear collaboration, while both sides highlighted innovation and sma
During the presentation on the Economic Survey, CEA outlined a clear pathway to currency strength: robust growth in manufacturing exports leads to improved current account positions, which in turn supports the build-up of foreign exchange reserves and enables a gradual strengthening of cu
India's economy is projected to expand at a rate of 6.8 to 7.2 per cent in the fiscal year 2027, according to the Economic Survey 2025-26 tabled in Parliament today. Industry leaders across the financial, insurance, and manufacturing sectors reacted to the findings, noting that the docume
India's services sector continues to be the main driver of economic growth, contributing over half of the country's Gross Value Added (GVA) and playing a critical role in employment generation, exports, and investment, noted the Economic Survey laid in Parliament by Finance Minister Nirma