India

February 21, 2025 3:54 PM

India, China hold talks on bilateral ties and global cooperation at G20 meeting in Johannesburg

External Affairs Minister (EAM) S. Jaishankar met with Chinese Foreign Minister Wang Yi on the sidelines of the G20 Foreign Ministers' Meeting in Johannesburg on Friday, where both leaders discussed bilateral relations and global challenges. During the meeting, Jaishankar said that gatherings like the G20 have provided opportunities for dialogue even during challenging phases in India-China relations. He acknowledged the collaborative efforts of both countries in supporting the G20's role amid ...

February 21, 2025 2:51 PM

India showcases defence innovation and strengthens global ties at IDEK and NAVDEX 2025

India’s participation in IDEX and NAVDEX 2025 concludes today, reaffirming the country’s commitment to global security cooperation, indigenous defence innovation, and strategic partnerships in the international defence landscape. The India Pavilion displayed cutting-edge defence technologies, including advanced warships, guided missile systems, precision-guided munitions, electronic warfare systems, and AI-driven defence solutions. Leading defence public sector undertakings (DPSUs) such as ...

February 21, 2025 12:32 PM

India’s private sector growth hits six-month high in February: HSBC flash PMI data

India's private sector output reached a six-month high in February, driven by a sharp expansion in services activity, according to the latest HSBC Flash PMI data. The seasonally adjusted HSBC Flash India Composite Output Index rose to 60.6 from 57.7 in January, marking its strongest growth since August 2024 and remaining above its long-term average. The services sector was the key contributor to this growth, with the HSBC Flash India Services PMI Business Activity Index climbing to 61.1 from 5...

February 21, 2025 2:00 PM

India’s fruit exports expand into western markets with GI tags driving growth

India’s agricultural exports have reached new markets under the Modi government, with shipments of fruits entering Western countries for the first time and rice exports recording substantial growth, boosting farmers’ incomes. A senior agriculture ministry official stated that these exports, ranging from exotic fruits to traditional staples, align with the government’s Aatmanirbhar Bharat initiative, which aims to create new opportunities for Indian farmers. In a recent milestone, India s...

February 20, 2025 1:58 PM

India set to remain world’s fastest-growing economy in 2025-26: RBI bulletin

India’s economy is expected to maintain its status as the fastest-growing major economy in 2025-26, supported by sustained growth momentum and strategic fiscal measures, according to the Reserve Bank of India’s (RBI) latest monthly bulletin. Citing estimates from the International Monetary Fund (IMF) and the World Bank, the bulletin projects India’s GDP growth at 6.5% and 6.7%, respectively, for 2025-26. Despite global uncertainties, high-frequency indicators point to a sequential pick-up...

February 19, 2025 4:52 PM

Always exciting to hear PM Modi’s vision for India, says Rishi Sunak

Calling Prime Minister Narendra Modi a "friend", former UK Prime Minister Rishi Sunak on Wednesday said that it is "always exciting" to hear PM Modi's vision for India. Sunak and his family met the Prime Minister Narendra Modi in New Delhi on Tuesday evening, having detailed conversation on many subjects. PM Modi said that Sunak is a great friend of India and is passionate about even stronger India-UK ties. Taking to X, Prime Minister Modi wrote, "It was a delight to meet former UK PM, Mr. Ri...

February 19, 2025 4:35 PM

SBI pegs India’s GDP growth at 6.3% for Q3 of 2024-25

SBI economists have pegged India’s GDP growth at 6.2-6.3 per cent for Q3 (October-December) of 2024-25 driven by buoyant demand and Capex trends along with the increase in EBIDTA and corporate GVA recorded by India Inc. The SBI report released on Wednesday considers the slowdown in the second quarter (Q2) as a “blip” and states that “presuming no major revisions are announced in the erstwhile Q1 and Q2 figures by NSO, we estimate the FY25 full year GDP at 6.3 per cent.” The official ...

February 18, 2025 3:10 PM

India’s GDP growth expected to reach 6.6% in Q3 FY25: reports

India's gross domestic product (GDP) is projected to grow at 6.6% in the October-December quarter of 2024-25, down from 8.6% recorded in the same period of 2023-24, according to a report by the Bank of Baroda released on Tuesday. Despite the slowdown, the report highlights that economic growth remains steady, driven by agriculture, government spending, and the services sector. A key factor supporting economic stability is the government's increased capital expenditure, which has risen to 47.7% ...

February 18, 2025 2:41 PM

India expands battery manufacturing with new PLI ACC agreement

The Ministry of Heavy Industries (MHI) signed a Programme Agreement on Tuesday with Reliance New Energy Battery Limited, a subsidiary of Reliance Industries Limited, under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC). The agreement grants Reliance New Energy Battery Limited a 10 GWh ACC manufacturing capacity, making it eligible for incentives under India's ₹18,100 crore PLI ACC scheme. The PLI ACC scheme was approved by the Cabinet in May 2021 with an outlay...

February 18, 2025 12:35 PM

US tariffs on steel sector unlikely to impact India materially: Crisil

The US tariffs on the steel sector are unlikely to impact India significantly, as only 2 percent of the country’s total finished steel exports in the first nine months of this fiscal year were to the US, according to Crisil Intelligence. The US has decided to impose a flat 25 percent tariff on steel imports from March 12, replacing the previous system of multiple lesser levies. This change is expected to have a three-fold impact. “Firstly, it will reduce the exports of its trade partners a...