Economy | DD News

September 10, 2025 3:17 PM

India’s economy shows resilience amid global trade uncertainty: report

India’s economy has shown resilience in the face of global trade disruptions and fiscal challenges, supported by strong domestic consumption and government spending, according to a report by SBI Capital Markets. The report noted that while aggressive tariff regimes, particularly by the United States, have emerged as a global concern, India remained relatively insulated in the first quarter, recording GDP growth of 7.8 per cent. It added that ongoing reforms, including the simplified GST stru...

September 9, 2025 9:59 AM

EAM Jaishankar urges BRICS to stabilise global economy, push reforms

External Affairs Minister (EAM) S. Jaishankar on Monday voiced concerns over rising global instability stemming from conflicts, economic volatility, climate crises, and the slowing progress of Sustainable Development Goals (SDGs) at the virtual BRICS Leaders' Summit. Representing Prime Minister Narendra Modi at the meeting, Jaishankar emphasised that BRICS should work towards stabilising the international economy, mitigating the impact of ongoing conflicts on the Global South, and proactively s...

August 19, 2025 8:48 PM

India’s growth momentum intact despite US tariffs: S&P global ratings

India’s long-term growth prospects remain strong despite higher US tariffs, according to S&P Global Ratings, which upgraded the country’s sovereign credit rating to “BBB” with a stable outlook — the first such upgrade in 18 years. The global rating agency cited robust domestic demand, fiscal consolidation, and supportive monetary policy as key factors underpinning the upgrade. It projected India’s economy to grow at an average of 6.8% over the next three years, driven by inf...

August 6, 2025 3:12 PM

US tariffs likely to impact just 0.19% of India’s GDP: Industry

The proposed US tariffs on Indian goods will have a “manageable” impact on the country’s economy, affecting just 0.19 per cent of India’s GDP, according to industry leaders. The tariffs are expected to affect exports to the US worth approximately $8.1 billion, said industry think tank PHDCCI in a report. “Our analysis estimates an impact of only 1.87 per cent on India’s global merchandise exports and a negligible 0.19 per cent on India’s GDP due to US tariffs,” it noted. The Un...

August 6, 2025 2:30 PM

US Tariff Hike Unlikely to Impact Indian Economy Significantly: RBI Governor

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said that the recent US tariff hike is not expected to have a major impact on the Indian economy, unless retaliatory tariffs come into play. Addressing a press conference following the monetary policy announcement, Malhotra said, “There might not be a major impact of the ongoing uncertainty over the US tariffs on India’s economy. This is subject to retaliatory tariffs coming into the picture, which we do not foresee.” He a...

July 13, 2025 2:18 PM

Hungary’s opposition flags ‘New Deal’ to kickstart stagnating economy

Hungary's opposition leader Peter Magyar said on Saturday his Tisza party will launch a "Hungarian New Deal" to revive the stagnating economy with massive investment and predictable policy if it wins elections next year. Magyar, whose centre-right party has a firm lead over the ruling Fidesz in most opinion polls, poses the biggest political challenge to nationalist Prime Minister Viktor Orban, who after 15 years in power finds himself struggling to boost the inflation-hit economy. The risk of...

July 11, 2025 5:18 PM

WAVES 2025: India’s creative economy sets the stage for a trillion-dollar global impact

WAVES 2025 has significantly energized the country’s creative economy, often referred to as the Orange Economy also. This initiative aims to foster economic activities that convert ideas, creativity, rich and diverse cultural expressions and heritage into tangible goods and services. The creative economy spans a wide range of industries including music, film, design, publishing, gaming and many more creative pursuits. This mission amply demonstrates how cultural and creative assets can also be...

July 7, 2025 3:52 PM

India’s economic growth stands out amid global volatility

India has solidified its position as the world's fastest-growing major economy, with real GDP growth estimated at 6.5% in 2024–25 - a pace expected to continue into 2025–26, according to the Reserve Bank of India. This robust performance comes at a time when global economic uncertainty continues to loom. Fuelled by strong domestic demand, easing inflation, and rising exports, the Indian economy has shown resilience across sectors. Key economic indicators - including record-high foreign exch...

July 4, 2025 10:23 AM

PM Modi hails Indian Diaspora for their role in shaping modern Trinidad &Tobago

Prime Minister Narendra Modi received a rousing welcome as he addressed a large gathering of the Indian diaspora in Trinidad and Tobago on Thursday during his historic visit to the Caribbean nation. The event, attended by over 4,000 people, featured a vibrant Indo-Trinidadian cultural programme and was graced by Trinidad and Tobago PM Kamla Persad-Bissessar, along with members of her Cabinet, Parliament, and other dignitaries. In a significant gesture, Prime Minister Persad-Bissessar announced ...

June 30, 2025 6:56 PM

Economic agenda to dominate PM Modi’s historic two-day Ghana visit

Economic agenda will dominate Prime Minister Narendra Modi's upcoming visit to Ghana, one of the fastest-growing economies in West Africa, the Ministry of External Affairs (MEA) said on Monday. The African nation will be the first stop on PM Modi's five-nation visit, starting July 2 followed by Trinidad and Tobago, Argentina, Brazil and Namibia. The July 2-3 visit will be Prime Minister Modi's first ever bilateral visit to Ghana and the first Prime Ministerial visit from India to Ghana after t...