India

March 24, 2025 1:58 PM

India records highest market cap growth globally in four years

India's stock market posted the highest monthly gain among the world’s ten largest equity markets in March, rising 9.4 per cent in dollar terms, according to the latest stock exchange data. This marks the strongest rally in four years, following five consecutive months of decline. As per the data, the total market capitalisation of all listed companies on the Bombay Stock Exchange (BSE) jumped to approximately $4.8 trillion, up from around $4.39 trillion at the end of February. This represen...

March 23, 2025 1:20 PM

India’s forex reserves rise by USD 305 million to USD 654.3 billion

India’s foreign exchange reserves increased by USD 305 million, reaching USD 654.271 billion in the week ending March 14. This rise follows the previous week’s surge, which marked the highest weekly gains in over three years. Prior to these recent increases, forex reserves had experienced a steady decline for about four months, slipping to an 11-month low. The trend has since seen fluctuations, with alternate weeks of gains and declines. India’s forex reserves had earlier reached an all-...

March 23, 2025 11:53 AM

India’s aviation sector reflects stable outlook amid rising air traffic

India’s aviation sector continues to show a stable outlook, supported by a steady rise in air passenger traffic. Official data reveals that domestic air passenger traffic recorded a robust double-digit growth of 11.04 per cent in February this year compared to the same month last year. According to an ICRA report, domestic air traffic for the first 11 months of the current financial year stood at approximately 1,551 lakh passengers. This marks a 7.7 per cent increase over the same period last...

March 20, 2025 2:27 PM

India and Georgia explore stronger bilateral ties at Raisina Dialogue 2025

External Affairs Minister S. Jaishankar on Wednesday met Georgian Foreign Minister Maka Botchorishvili on the sidelines of the Raisina Dialogue 2025 in New Delhi. The two leaders discussed enhancing cooperation between their nations across various sectors, including trade, investment, tourism, and education. After the meeting, Jaishankar shared details of their discussions, highlighting areas of cooperation between the two countries. "Nice to meet FM Maka Botchorishvili on the sidelines of #Ra...

March 19, 2025 1:57 PM

India’s domestic market expected to cushion impact of US tariff hike: Fitch

India’s large domestic market is expected to shield its economy from the impact of rising US tariffs, helping the country maintain stable growth global ratings agency Fitch has stated. Fitch has kept its growth forecast for India unchanged at 6.5 per cent for the financial year 2025-26 (FY26), with an upward revision for FY27 to 6.3 per cent, up from the earlier estimate of 6.2 per cent. Fitch's forecast compares favorably with the Organisation for Economic Co-operation and Development (OECD...

March 18, 2025 11:20 AM

India’s CPI Inflation to Average 4% in FY26, 75 bps Rate Easing Likely: Morgan Stanley

A report by Morgan Stanley on Tuesday projected that India’s consumer price index (CPI) inflation is expected to average 4% in FY26, paving the way for a cumulative 75 basis points (bps) rate cut by the Reserve Bank of India (RBI)—an upward revision from the previously estimated 50 bps easing cycle. The report noted that lower trailing inflation, primarily due to easing food prices, has created space for additional rate cuts. "We have updated our monetary policy outlook to incorporate one ...

March 17, 2025 1:15 PM

India’s wholesale inflation remains steady at 2.38% in February

India’s wholesale inflation rate saw a marginal uptick in February, settling at 2.38%, according to data released by the Ministry of Commerce on Monday. The figure is slightly higher than January’s wholesale inflation, which stood at 2.31%. A key contributor to the inflation rate was the rise in prices of manufactured food products, food articles, textiles, non-food articles, and other manufacturing categories. However, the Food Index, comprising both primary food articles and manufactured ...

March 17, 2025 11:55 AM

Impact of US tariffs on India minimal as country diversifies exports: SBI report

The impact of US trade reciprocal tariffs on India will be minimal as the country has diversified its exports, pitched value addition, exploring alternate areas and works on new routes that transcend from Europe to the US via the Middle East, redrawing new supply chain algorithms, a new SBI Research report said on Monday. The decline in the exports is expected to be in the range of 3-3.5 per cent, which again should be negated through higher export goals across both manufacturing and services f...

March 17, 2025 10:12 AM

India and New Zealand launch Free Trade Agreement negotiations

India and New Zealand have officially announced the launch of negotiations for a Free Trade Agreement (FTA), marking a significant step forward in their bilateral economic relationship. The development was confirmed on Sunday, during the visit of New Zealand Prime Minister Christopher Luxon to India, ahead of his bilateral meeting with Prime Minister Narendra Modi. The announcement reflects the deepening economic cooperation between the two nations, which share longstanding ties based on democr...

March 16, 2025 11:40 AM

India to co-chair 14th ADMM-Plus counter-terrorism meeting in New Delhi

The 14th meeting of the ASEAN Defence Ministers’ Meeting-Plus (ADMM-Plus) Experts Working Group (EWG) on Counter-Terrorism is set to take place in New Delhi from March 19 to 20, 2025. India and Malaysia will co-chair the meeting, marking India’s first time leading the counter-terrorism group. Delegations from the 10 ASEAN member countries — Brunei, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Vietnam, Singapore, and Thailand — along with eight dialogue partners includin...