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Kolkata: On Wednesday, the World Bank has raised India's GDP growth rate projection for FY27 to 6.6%. This constitutes an upward revision that comes amid the West Asia crisis. In January, in its Global Economic Prospects report, the World Bank projected that India's GDP will grow by 6.5% in FY27. The rate of GDP growth in India has been pegged at 6% by Moody's and 6.1% by OECD (Organisation for Economic Co-operation and Development). The common factor for each of these organisations was the impa ...Read More >
New Delhi, Apr 8 (PTI) The World Bank on Wednesday marginally raised India's growth projections for the 2026-27 fiscal to 6.6 per cent and said although GST rate cuts would boost consumer demands in the initial months of the fiscal, but headwinds from the Middle-East crisis could dent growth. The FY'27 projection compares with 6.9 per cent estimated by the Reserve Bank of India (RBI), 6.1 per cent by the OECD and 6 per cent by Moody's Ratings. In its South Asia Economic Update report, the Worl ...Read More >
Mumbai: The Reserve Bank of India (RBI) has taken a cautious but balanced approach in its latest Monetary Policy Committee (MPC) meeting held on April 8, 2026, as it tries to support growth while keeping risks under control. The central bank has decided to keep the repo rate unchanged at 5.25 percent and continue with a neutral policy stance, signalling that it is watching both growth and inflation closely. India's economy showed strong performance in FY26, with real GDP growth estimated at 7.6 ...Read More >
Mumbai (Maharashtra) [India], April 7 (ANI): Bank credit in India is expected to grow around 13 per cent in the current fiscal, slightly slower than the estimated 14 per cent growth in FY26, according to a report by CRISIL Ratings. The report said the growth will be supported mainly by strong demand from the retail and micro, small and medium enterprise (MSME) segments, along with corporates continuing to prefer bank loans over bond issuances. "Bank credit is poised to grow ~13% this fiscal, d ...Read More >
The Federation of Automobile Dealers Associations (FADA) reported that FY 2025-26 was a record year for Indias auto retail industry, with total sales reaching 2.96 crore units, up 13.30% year-on-year. Growth was broad-based, supported by improved affordability, strong rural demand, and a wider range of vehicle options across segments. 2Ws led the market with over 2.14 crore units sold, growing 13.40% and returning to pre-Covid levels. PVs crossed the 47 lakh mark for the first time, rising 13.0 ...Read More >
Shares of Senco Gold Ltd rallied sharply on Monday after the jewellery retailer indicated a strong end to the financial year, supported by healthy demand during the peak wedding season. The stock rose over 13% to around Rs 328 in intraday trade, as investors responded positively to the company's March quarter business update. The trigger was the March quarter update, where the jewellery retailer flagged strong traction during the wedding season, a period that typically drives a bulk of annual ...Read More >
New Delhi: The TV industry, which already faces soaring prices of memory chips (RAM), is bracing for a decline in sales, weighed down by rising cost of plastics to ocean freight on account of ongoing geopolitical tensions in West Asia. Some manufacturers are also flagging concerns over a potential downtrading trend as buyers shift towards smaller screen sizes amid rising prices. Moreover, rupee depreciation has pushed up overall production costs, leading to higher television retail prices. Als ...Read More >
New Delhi: The TV industry, which already faces soaring prices of memory chips (RAM), is bracing for a decline in sales, weighed down by rising cost of plastics to ocean freight on account of ongoing geopolitical tensions in West Asia. Some manufacturers are also flagging concerns over a potential downtrading trend as buyers shift towards smaller screen sizes amid rising prices. Moreover, rupee depreciation has pushed up overall production costs, leading to higher television retail prices. Als ...Read More >
New Delhi, April 4: Amid the evolving situation in West Asia, the government on Saturday said that 5 kg LPG cylinders are available at distributors on showing a valid ID without the need for address proof. The Government said it is taking comprehensive steps to ensure smooth availability of fuel and energy supplies, even as tensions in West Asia and the closure of the Strait of Hormuz raise concerns over global energy flows. "The 5 Kg FTL cylinders are available at nearby LPG Distributorships a ...Read More >
New Delhi, April 4 (SocialNews.XYZ) Amid the evolving situation in West Asia, the government on Saturday said that 5 kg LPG cylinders are available at distributors on showing a valid ID without the need for address proof. The Government said it is taking comprehensive steps to ensure smooth availability of fuel and energy supplies, even as tensions in West Asia and the closure of the Strait of Hormuz raise concerns over global energy flows. "The 5 Kg FTL cylinders are available at nearby LPG D ...Read More >
NEW DELHI, April 2, 2026 /PRNewswire/ -- Dreame Technology, a global leader in smart home innovation, is deepening its presence in India by adopting a Direct-to-Consumer (D2C) strategy, marking a significant step in its growth journey in one of its priority markets. Through the Dreame India website, consumers across the country will now be able to access and purchase the brand's entire product portfolio - ranging from robotic vacuums to cordless stick vacuums, wet and dry vacuum cleaners to groo ...Read More >
April 2 (Reuters) - Indian consumer firm Marico (MRCO.NS), opens new tab on Thursday said it expects to clock double-digit year-on-year percentage growth in operating profit in the fourth-quarter, aided by stable consumer demand. The maker of Saffola oils and Parachute haircare products said it has witnessed a gradual uptick in consumption across categories after several quarters of tepid demand from customers in urban areas, following reductions in goods and services tax in September. Marico ...Read More >
New Delhi [India], April 2: Dreame Technology, a global leader in smart home innovation, is deepening its presence in India by adopting a Direct-to-Consumer (D2C) strategy, marking a significant step in its growth journey in one of its priority markets. Through the Dreame India website, consumers across the country will now be able to access and purchase the brand's entire product portfolio - ranging from robotic vacuums to cordless stick vacuums, wet and dry vacuum cleaners to grooming applianc ...Read More >
Chennai: With the West Asia crisis impacting the fuel prices and availability, CPI inflation is expected to move up to 4.1 - 4.3 per cent in FY27, find rating agencies. The GDP growth could also ease to 6.5 per cent in FY27 from 7.5 per cent estimated for FY26. The ongoing conflict in West Asia has led to a surge in energy prices and impacted availability, which could lead to higher inflation, impacting consumer demand. The average CPI inflation is anticipated to more than double to 4.3% in FY ...Read More >
New Delhi, Apr 1 (PTI) The Confederation of Indian Industry (CII) on Wednesday welcomed the government's decision to extend the RoDTEP Scheme for all eligible export products till September 30, 2026 and the introduction of a one-time concessional framework for Domestic Tariff Area (DTA) sales by units in Special Economic Zones (SEZs). CII Director General Chandrajit Banerjee said, "Amidst ongoing global trade uncertainty, evolving tariff measures, and persistent supply chain disruptions, busine ...Read More >
Top iron ore miner Vale SA (NYSE: VALE) is aiming to boost its business in India by ramping up shipments to the country and seeking to trade its ore globally, tapping into one of the world's fastest growing steel markets. "India could be an opportunity not just for sales, but also to source iron ore, blend it and trade it -- finding better markets for their product," Commercial Executive Vice President Rogerio Nogueira said in an interview. The world's most populous nation has been a bright sp ...Read More >
New Delhi, March 30 (SocialNews.XYZ) India's industrial growth, based on the Index of Industrial Production (IIP), accelerated to 5.2 per cent in February this year, up from 4.8 per cent in January, propelled by a strong growth in the manufacturing sector, according to data released by the Ministry of Statistics on Monday. The manufacturing sector, which accounts for more than three-fourths of the index of industrial production (IIP), posted a robust 6 per cent growth during February compared t ...Read More >
New Delhi, March 30: India's industrial growth, based on the Index of Industrial Production (IIP), accelerated to 5.2 per cent in February this year, up from 4.8 per cent in January, propelled by strong growth in the manufacturing sector, according to data released by the Ministry of Statistics on Monday. Manufacturing drives growth The manufacturing sector, which accounts for more than three-fourths of the Index of Industrial Production (IIP), posted a robust 6 per cent growth during February ...Read More >
Food and beverages (F&B) and entertainment now account for 30-35 per cent of footfalls, resulting in a resilient retail mix almost completely immune to the online retail disruptions that are defeating Western malls, the report mentioned. India, which is on track to become a $6 trillion consumption economy by 2030, is projected to see over $3.5 billion of capital inflows in the retail space in the next three years, as malls in western countries brace for an existential crisis, a report showed on ...Read More >
New Delhi [India], December 16 (ANI): In Financial Year 2027, the monetary easing is set to drive the above-trend growth of 7.5% amid the expectations of continuous fiscal tightening, said India Market Outlook 2026 Report by Axis Capital on Tuesday. "We expect the monetary easing to drive above-trend growth of 7.5%. Fiscal tightening is expected to continue, though it would be much slower at 20 bps, but the revival in credit growth in response to much easier monetary conditions is a significant ...Read More >
Hyderabad: US-based aluminium packaging solutions provider Ball Corporation is investing another $60 million (approx 532 crore) in its Sri City manufacturing facility in Andhra Pradesh. The $11 billion Ball Corporation, which supplies sustainable aluminium packaging solutions for beverage, personal care, and household products, said on Friday that it will be beefing up its capacity for beverage cans manufacturing at Sri City in the state with the new investment."Ball's investment directly suppor ...Read More >
New Delhi, Nov 13 (SocialNews.XYZ) India is expected to remain the fastest-growing economy among the G20 nations with a growth rate of 6.5 per cent through 2027, despite the Donald Trump administration's tariff hikes, according to Moody's latest 'Global Macro Outlook report for 2026-27'. The report states that the pace of India's growth will be supported by robust infrastructure investment, strong domestic consumer demand, and export diversification. "Indian exporters, facing 50 per cent US ta ...Read More >
Mumbai, Oct 25 (SocialNews.XYZ) The holiday-truncated week saw festive-driven optimism and upbeat consumer sentiment as it welcomed the Samvat 2082. However, the momentum gradually lost its steam, as geopolitical tensions and profit-taking weighed on investors' confidence. Record festive sales underscored India's surge in consumer demand this season, powered by resilient household spending and GST-driven affordability. PSU banking stocks led the rally, buoyed by news of potential consolidation ...Read More >
Finance Minister Nirmala Sitharaman on Wednesday said that the GST 2.0 reforms, which came into effect from September 22, have given a significant push to the domestic automotive industry, with car sales more than doubling to over half a million units. New Delhi, Finance Minister Nirmala Sitharaman on Wednesday said that the GST 2.0 reforms, which came into effect from September 22, have given a significant push to the domestic automotive industry, with car sales more than doubling to over half ...Read More >
Mumbai, Oct 23 (PTI) Equity benchmark indices Sensex and Nifty ended marginally higher on Thursday, helped by robust buying in IT and tech stocks amid growing optimism on the US-India trade deal front. After hitting a 52-week high, indices reversed most of their intra-day gains on fag-end profit-taking after sentiment turned cautious amid concerns over US sanctions against Russia's two largest oil companies. Besides, an over one per cent decline in heavyweight Reliance Industries also pulled t ...Read More >
New Delhi [India], October 23 (ANI): Indian stock indices surrendered most of their gains from Thursday as the session progressed, mainly due to US sanctions on key Russian crude majors and indications that the US deal may not be finalised soon, analysts said. Profit booking by investors also likely weighed on the stock indices. "The US sanctions on Russian oil majors also raised concerns that India may have to curtail purchases of discounted Russian crude and turn to costlier alternatives, pot ...Read More >
New Delhi, October 23: Finance Minister Nirmala Sitharaman highlighted on Thursday that the unified payments interface (UPI) platform processed 754 million payments worth Rs 1.02 lakh crore on October 18, marking the highest single-day tally, as consumer demand surged due to the GST rate cuts. During the three-day period between Dhanteras and Diwali, the average UPI volumes stood at 736.9 million -- higher than 647.46 million in the corresponding period a month ago, the Finance Minister said. " ...Read More >
NEW DELHI: Finance Minister Nirmala Sitharaman highlighted on Thursday that the unified payments interface (UPI) platform processed 754 million payments worth Rs 1.02 lakh crore on October 18, marking the highest single-day tally, as consumer demand surged due to the GST rate cuts. During the three-day period between Dhanteras and Diwali, the average UPI volumes stood at 736.9 million -- higher than 647.46 million in the corresponding period a month ago, the Finance Minister said. "It has been ...Read More >
New Delhi: India on Wednesday called on developing and least developed nations to collectively work to address global trade challenges such as tariff barriers, unilateral environmental restrictions and hurdles in the services sector. Commerce and industry minister Piyush Goyal stated that areas may include critical minerals access, fertilizers and supply chain management. India bridges the technological divide via digital public infrastructure which empowers millions, he said. "It is time for ...Read More >
NEW DELHI, Oct 21: Buoyed by GST reforms and strong consumer demand, India saw Diwali sales reach Rs 5.40 lakh crore in goods and about Rs 65,000 crore in services across the country, industry figures showed on Tuesday, marking the highest-ever festival season turnover in the country's retail and trading history. This marks a 25 per cent increase over 2024 festive sales (Rs 4.25 lakh crore) from the Navratri to Diwali period, according to CAIT Research and Trade Development Society, the researc ...Read More >
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