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New Delhi, Oct 28 (PTI) India's services sector employs nearly 30 per cent of the country's workforce, which is still lower than the global average of 50 per cent, reflecting a slower structural transition, NITI Aayog said in a report on Tuesday. The Aayog, in a report titled 'India's Services Sector: Insights from Employment Trends and State-Level Dynamics', further said that services remain the mainstay of India's employment growth and post-pandemic recovery, but challenges persist. "Service ...Read More >
New Delhi: Againsta global backdrop characterised by economic and trade policy uncertainty, India's economy gained momentum in the second quarter of FY26, which is particularly significant, as the US imposed higher tariffs on India in August, according to the Finance Ministry's monthly report released on Monday. Various supply-side high-frequency indicators have displayed healthy trends, while demand conditions continued to improve with the GST reforms and festive season sentiments spurring con ...Read More >
India's economy is experiencing a robust boost from GST 2.0 and the festive season, with stronger consumption, increased sales across sectors, and improved consumer sentiment. Lower GST rates are driving demand and job creation, while high-frequency indicators show significant improvements, leading to upward GDP growth forecasts from the IMF and RBI. New Delhi, The rollout of GST 2.0 has started showing a positive impact on India's economy, with stronger consumption trends, higher sales across ...Read More >
New Delhi: Against a global backdrop characterised by economic and trade policy uncertainty, India's economy gained momentum in the second quarter of FY26, which is particularly significant, as the US imposed higher tariffs on India in August, according to the Finance Ministry's monthly report released on Monday. Various supply-side high-frequency indicators have displayed healthy trends while demand conditions continued to improve with the GST reforms and festive season sentiments spurring con ...Read More >
India is set to outpace China, which is expected to grow at 4.8%. New Delhi: The International Monetary Fund (IMF) has predicted that India will continue to be one of the fastest-growing 'emerging market and developing economies' in 2025-26, growing at a rate of 6.6%, according to the World Economic Outlook (WEO) report. This upward revision is attributed to strong economic performance in the first quarter, which has more than offset the effects of increased US tariffs on Indian goods. India ...Read More >
India's private sector growth slowed in October to its lowest in five months. Weaker demand and higher output prices impacted business optimism. Services sector growth saw a slowdown, while manufacturing activity improved. New orders expanded at a slower pace. International demand softened, particularly for exports to the United States. Businesses raised selling charges despite some cost easing. Growth in India's private sector eased to a five-month low in October as weaker demand and rising ou ...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: Record-breaking Diwali sales of Rs 5.40 lakh crore in goods and 65 thousand crores in services reflect India's economic strength and Swadeshi spirit, said trade body Confederation of All India Traders (CAIT). CAIT has released its comprehensive "Research report on Diwali festival sales 2025", based on an extensive nationwide survey across 60 major distribution centres, including state capitals and Tier 2 & 3 cities, conducted by its research wing, CAIT Research & Trade Devel ...Read More >
India's Diwali sales hit a record high of Rs 5.40 lakh crore in goods and Rs 65,000 crore in services. This represents a 25 percent increase over last year. GST reforms and strong consumer demand fueled this growth. Brick-and-mortar stores saw a significant revival. Rural and semi-urban areas contributed substantially to the sales surge. 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 cou ...Read More >
Mumbai, Oct 20: India is rapidly emerging as a global hub for services exports with a compound annual growth rate of 14.8 per cent outpacing goods exports, which grew at 9.8 per cent, NSE officials said. The National Stock Exchange (NSE) highlights robust growth in the services sector, structural reforms, and demographic advantages driving the country's economic transformation. "India will be to services, what China has been to manufacturing. It is emerging as global hub for services exports," ...Read More >
India's IT services sector shows tentative signs of demand stabilization, with recent sequential revenue growth. However, the outlook for FY26 remains muted at 1.1% growth due to cautious client spending and the impact of AI. The information technology (IT) services sector in India is showing tentative signs of demand stabilisation, even as visibility into calendar year 2026 remains weak, noted in a report on India's IT services by Goldman Sachs. "While there are early signs of demand stabilisa ...Read More >
Mumbai: High-frequency indicators pointed to the likelihood of robust September-quarter growth, central bank governor Sanjay Malhotra had said during the October 1 monetary policy review, although he was more circumspect about the pace of economic expansion in 2H of FY26 due to the impact of punitive US tariffs. "Several indicators suggest that agricultural prospects are bright in the current year; consequently, rural demand is likely to be buoyant," Malhotra was cited as saying in the minutes ...Read More >
The US has imposed a sweeping 50 per cent tariffs on Indian goods. New Delhi: India's merchandise exports to the US declined by 11.93 per cent to USD 5.46 billion in September due to the high tariffs imposed by Washington while imports increased by 11.78 per cent to USD 3.98 billion during the month, according to the commerce ministry data. During the April-September period of this fiscal, the country's exports to the US increased by 13.37 per cent to USD 45.82 billion, while imports rose 9 p ...Read More >
New Delhi: India's computer services industry is riding a wave of global demand, and artificial intelligence appears to be one of the big drivers. According to the World Bank, India's software exports have grown sharply since the launch of ChatGPT in late 2022, with sectors like outsourcing and business process services adopting AI faster than expected. Speaking at the Fourth Kautilya Economic Conclave in New Delhi, Franziska Ohnsorge, Chief Economist for the South Asia Region at the World Bank ...Read More >
NEW DELHI, Sept 30 (Reuters) - India's trade pact with four European nations, including Switzerland and Norway, will take effect from Wednesday, boosting exports of textiles, leather and food products while attracting investments, a government statement said. Under the Trade and Economic Partnership Agreement, opens new tab, signed last March after nearly 16 years of negotiations, the European Free Trade Association - comprising Switzerland, Norway, Iceland and Liechtenstein - will cut tariffs ...Read More >
Lucknow: Senior Samajwadi Party leader and former minister Gayatri Prajapati was attacked by a fellow inmate inside Lucknow Jail on Tuesday. The scuffle took place within the jail premises, after which prison authorities launched an internal inquiry. According to a statement issued by Dr Ramdhani, DIG Prisons, Lucknow Range, the incident occurred after Prajapati allegedly used abusive language towards another inmate, Vishwas Rajput. In response, Vishwas attacked Prajapati using a sharp object i ...Read More >
New Delhi, Oct 1 (PTI) The free trade agreement between India and the four-nation European bloc EFTA came into force on Wednesday, under which the country has received an investment commitment of USD 100 billion over 15 years, while lowering or removing duties on products like Swiss watches and chocolates. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. It was signed on March 10, 2024. Commerce and Industry Minister Piyush Goyal said the ...Read More >
NEW DELHI: Average GDP growth rate of 12.2% is needed to start addressing India's underemployment challenge and a bigger push is needed for a pro-growth, pro-jobs policy agenda to tackle the country's high youth unemployment problem, a report by investment banking and financial services firm Morgan Stanley has said."In our base case, India's GDP will grow at an average of 6.5% over the coming decade, one of the fastest-growing economies globally. But this pace will not be enough to generate enou ...Read More >
Mumbai, Sep 30 (PTI) Corporate India's credit moderated marginally in the April-September period, and the impact of the tariffs slapped by the US is a monitorable factor going ahead, rating agencies said on Tuesday. Crisil said the credit ratio, or the number of upgrades to downgrades, moderated to 2.17 in the first half of the fiscal, which is down from 2.75 in the same period last year and 2.64 in the October 2024-March 2025 period. The agency, which rates 7,300 companies, said there were 49 ...Read More >
New Delhi: The free trade agreement between India and the four-nation European bloc EFTA will come into force from Wednesday under which New Delhi has received an investment commitment of $100 billion in 15 years from the grouping while allowing several products such as Swiss watches, chocolates and cut and polished diamonds at lower or zero duties. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway and Switzerland. It was signed March 10, 2024. Domestic cust ...Read More >
New Delhi, Sep 30 (PTI) The free trade agreement between India and the four-nation European bloc EFTA will come into force from Wednesday under which New Delhi has received an investment commitment of USD 100 billion in 15 years from the grouping while allowing several products such as Swiss watches, chocolates and cut and polished diamonds at lower or zero duties. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. It was signed on March 10, ...Read More >
New Delhi, Sep 29 (SocialNews.XYZ) Moody's Ratings on Monday affirmed India's long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at Baa3. The global ratings agency has also maintained its outlook for India as stable. "The rating affirmation and stable outlook reflect our view that India's prevailing credit strengths, including its large, fast-growing economy, sound external position and stable domestic financing base for ongoing fiscal deficits, w ...Read More >
Indian officials are set to request the US to ease access for skilled workers during trade negotiations this week, following President Trump's H-1B visa restrictions. Commerce Minister Piyush Goyal will address the movement of IT professionals, expanding talks beyond goods to include services.Indian officials will ask US trade negotiators this week to ease access for thousands of skilled workers, a person familiar with the matter said, days after President Donald Trump's abrupt announcement to r ...Read More >
New Delhi, Sep 26 (PTI) The ties between India and Sri Lanka have reached a point of "unprecedented excellence" since President Anura Kumara Dissanayake's visit to India and Prime Minister Narendra Modi's visit to Sri Lanka, the island nation's envoy Mahishini Colonne said on Friday. Interacting with PTI Videos on the sidelines of an event here, she said Sri Lanka is on the "path of recovery", the economy has been stabilised, and necessary structural reforms have been brought in to sustain it. ...Read More >
NEW DELHI: The robust GDP growth in the first quarter (Q1 FY26), at 7.8 per cent which was well above the estimate of 6.6 per cent, was led by a sharp growth in the manufacturing sector and strong momentum in the services sector, a report said on Tuesday. "All three heads within the services - Trade, Hotels, Transport, and Commerce and Broadcasting Services (8.6 per cent as compared to the estimated 6 per cent), Financial, Real Estate, and Professional Services (9.5 per cent in Q1FY26 as compar ...Read More >
New Delhi, Sep 16 (SocialNews.XYZ) The robust GDP growth in the first quarter (Q1 FY26), at 7.8 per cent which was well above the estimate of 6.6 per cent, was led by a sharp growth in the manufacturing sector and strong momentum in the services sector, a report said on Tuesday. "All three heads within the services - Trade, Hotels, Transport, and Commerce and Broadcasting Services (8.6 per cent as compared to the estimated 6 per cent), Financial, Real Estate, and Professional Services (9.5 per ...Read More >
New Delhi: India's private sector activity expanded at the fastest pace on record in August, as the headline HSBC Flash India composite purchasing managers' index (PMI) output index witnessed a significant jump over four points to 65.2 in the month. A historic surge in demand was led by the dominant services sector, which allowed firms to hike prices at the fastest clip in over 12 years, a private survey showed on Thursday. As per the survey, HSBC's flash India Composite PMI, compiled by S&P Gl ...Read More >
New Delhi [India], July 20 : Deputy Trade Commissioner for South Asia at the British High Commission, Anna Shotbolt ... New Delhi [India], July 20 : Deputy Trade Commissioner for South Asia at the British High Commission, Anna Shotbolt has said that the India-UK Free Trade Agreement is projected to increase bilateral trade between the two countries by Euro 25.5 billion every year. She highlighted that under this FTA, there are provisions for tariff reductions on 90 per cent of traded goods bet ...Read More >
New Delhi [India], July 20 (ANI): Deputy Trade Commissioner for South Asia at the British High Commission, Anna Shotbolt has said that the India-UK Free Trade Agreement is projected to increase bilateral trade between the two countries by Euro 25.5 billion every year. She highlighted that under this FTA, there are provisions for tariff reductions on 90 per cent of traded goods between the two countries. Also Read | Chandra Barot Dies: Amitabh Bachchan's 'Don' Movie Director Chandra Barot Passe ...Read More >
Kerala Lottery Result SAMRUDHI SM 12 Results Live: The first winner of today's lottery game- SAMRUDHI SM 12 lottery- takes home Rs 1 crore as a cash prize. The Kerala lottery is one of the most trusted games in the country. Kerala Lottery Result Sunday 20-07-2025: The Kerala lottery is back with another fun game- that may lead you to win Rs 1 crore! The results for today's Kerala lottery games- SAMRUDHI SM 12 Sunday- are announced. The Kerala lottery results are announced here, so people with t ...Read More >
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