Tag: indian economy
Retail inflation climbs to 2.1% in August as food prices soar
NEW DELHI: India’s retail inflation accelerated to 2.1% yearon-year in August from an eight-year low of 1.6% in July, as food prices increased, official data…
MoSPI invites feedback on draft National Industrial Classification NIC-2025
The Ministry of Statistics and Programme Implementation (MoSPI) has invited feedback from stakeholders on draft National Industrial Classification (NIC) – 2025. The NIC serves as…
GST cuts will boost consumption by Rs 1 lakh crore in FY26, inflation to decline by 40 bps: BoB
Consumption in India is expected to register a net gain of nearly Rs 1 lakh crore from September onwards, driven by the recent Goods and…
By how much will India be able to evade tariff hit on growth? CEA Nageswaran does the GDP math
India’s Chief Economic Adviser V Anantha Nageswaran said on September 10 that the hit to GDP from Trump‘s tariffs will be kind of modest —…
India not pushing for an alternative to US dollar, says CEA Nageswaran
India’s Chief Economic Adviser (CEA) V Anantha Nageswaran dismissed speculations that India was joining efforts to build an alternative currency to the US dollar, saying…
Full benefit of GST rate cuts must be passed on to consumers, Piyush Goyal says
Union Ministry Piyush Goyal has asked India Inc. to pass on the full benefit of GST rate cuts to fuel consumption in the world’s fourth…
GST reforms will mitigate the US tariff impact on the Indian Economy
New Delhi: Forward-looking policies, including goods and services tax (GST) reforms, have mitigated the effect of US tariffs on the Indian economy, said Yogesh Mandhani,…