Category: Economy
This gold rush isn’t about inflation — or even gold
The price of gold just broke a more than four-decade-old record when adjusted for inflation. At these levels, gold has more purchasing power than it…
Faster AI Adoption could add up to $600 billion to India’s GDP by 2035: NITI Aayog
Accelerated adoption of Artificial Intelligence (AI) across industries can contribute $500B-$600 billion over and above India’s current GDP growth by 2035, driven by increased productivity…
India’s August trade deficit narrows to $26.49 bn from $27.35 bn in July
India’s merchandise trade deficit narrowed to $26.49 billion in August from $27.35 billion in July, as exports slowed after U.S. President Donald Trump hiked import…
Regulations should foster innovations, not wipe them out: FM Sitharaman
Finance Minister Nirmala Sitharaman on Monday emphasised the need for regulations that foster technology innovation in a responsible manner, particularly in artificial intelligence (AI), rather…
India’s August palm oil imports hit 1-year high on festive demand, price advantage
India’s palm oil imports jumped in August to their highest level in more than a year, as competitive pricing relative to soyoil prompted refiners to…
India’s wholesale prices in August rebound to 0.52%
India’s wholesale price index-based inflation accelerated to 0.52 per cent in August on an annual basis as against -0.58 per cent in August, data from…
IFC plans to double down on India investments in next 5 years: Makhtar Diop, MD
The International Finance Corporation (IFC), the World Bank Group’s private sector arm, plans to double its annual commitments in India to $10 billion by 2030,…
Inflation’s ways give room for a rate cut, but RBI may not do it
India’s inflation environment remains benign as reinforced by the latest Consumer Price Index (CPI) print, providing space for potential monetary easing. However, most economists, including…
Mission to tackle skill gaps, empower youth in works
New Delhi: The ministry of skills development and entrepreneurship is firming up a Yogya Bharat Mission, that will develop and oversee the nationwide implementation of…
CII proposes steps to boost GCC ecosystem
New Delhi: The Confederation of Indian Industry has called for establishing a National Global Capability Centres (GCC) Council through exclusive legislation to develop next-generation Digital…