India Economy News
Himanshu: Will the budget’s proposals help revive India’s rural economy?
It offers a tax subsidy to the country’s well-off but does little for the farm sector that needed investment to overcome a long-running crisis. This calls for a priority rethink.
4 min read12:00 PM ISTPMI data: India’s services growth slows to more than two-year low in January
The seasonally adjusted HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P Global, fell to 56.5 in January, its lowest since November 2022, on the back of lower demand and a softer increase in sales and output.
3 min read5 Feb 2025Mint Quick Edit | Sighs of relief amid signs of a slowdown
While India’s economy may be slowing, manufacturing and automobile sales data for January indicate resilience. A fiscal stimulus will take effect from April. Will RBI cheapen credit too?
1 min read4 Feb 2025India’s manufacturing growth hits six-month high in January: HSBC PMI survey
The HSBC India Manufacturing Purchasing Managers Index, compiled by S&P Global, came in at 57.7 in January, up from 56.4 in December and 56.5 in November. It was 57.5 in October and 56.5 in September.
2 min read3 Feb 2025TCA Anant: The budget represents a missed opportunity to strengthen Indian statistics
The Census will be delayed even further, it seems. The 2025-26 budget’s modest allocations for India’s pressing data requirements reveal an unsettling neglect of a vital aspect of governance.
4 min read3 Feb 2025Andy Mukherjee: India has slashed income tax but still needs to snip red tape
Easing the compliance burden of businesses is more important for India’s economic growth than tax cuts given by its budget. Will the Economic Survey’s call to ‘get out of the way’ be heeded?
4 min read3 Feb 2025Chandrajit Banerjee: The budget will help drive India’s GDP growth in challenging times
Its triumvirate of consumption support, increased capital expenditure and fiscal prudence will lay a path for sustainable economic expansion. While addressing immediate concerns, the government has not lost sight of what’s needed for Viksit Bharat.
4 min read2 Feb 2025Mint Quick Edit | Economic Survey 2025: Deregulate to grow
CEA Nageswaran’s third survey makes a fine case for governments to get out of the way and peel off one layer of rules after another. Giving economic agents back their agency and expanding business freedom holds the key to India’s economic growth.
1 min read31 Jan 2025Economic Survey 2025: India to grow at 6.3-6.8% in FY26; deregulation, reforms could unleash domestic-led growth
To become a developed country by 2047, India needs to grow at around 8% for the next decade or two. However, global economic and political conditions will play a crucial role in determining the feasibility of this target, the survey acknowledged.
3 min read31 Jan 2025Economic Survey 2025: Growth stable, inflation cooling despite global uncertainty– 10 key highlights
Economic Survey 2025: According to the survey, India’s gross foreign direct investment inflows increased 17.9% from $47.2 billion in the first eight months of FY24 to $55.6 billion in the same period of FY25.
5 min read31 Jan 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared