The Indian rupee weakened to a fresh all-time low of 91.99 against the US dollar on January 29, extending its recent slide amid persistent pressure from global and domestic factors. The currency has now fallen 2 percent so far this year and nearly 5 percent since the United States imposed higher tariffs on Indian merchandise exports. The sharp decline reflects continued weakness in foreign capital inflows and a surge in corporate demand for dollar hedging, which have outweighed the positive i

Amazon has revealed one of its biggest commitments to India yet, announcing that it aims to help create 3.8 million job opportunities in the country by 2030. This comes at a time when the tech giant has laid off around 14,000 employees globally, highlighting a contrasting strategy between global restructuring and India-focused expansion. The announcement was made during the Smbhav Summit in New Delhi, where Amazon outlined its long-term roadmap for the Indian market. The company says it will

The Reserve Bank of India has reduced the repo rate by 25 basis points, bringing it down from 5.5% to 5.25%. This marks a total reduction of 125 basis points in 2025, sparking fresh hope among homebuyers for affordable loan EMIs as banks prepare to revise lending rates. The Monetary Policy Committee (MPC), which met on December 3, 4 and 5, voted unanimously after assessing inflation control, liquidity status and growth expectations. Governor Sanjay Malhotra confirmed the move, addin

India’s economy recorded a faster pace of expansion in the July–September quarter, with official data showing that gross domestic product rose 8.2% year-on-year. The acceleration reflects a combination of stronger consumer demand, a revival in manufacturing activity, and accelerated production schedules ahead of India’s major festive season. Economists had widely expected the quarter to deliver robust growth, but the latest figure surpassed the projected 7.3% expansion for the period, e

India has taken a major step toward reducing its dependence on imported critical technologies by approving a new national programme for manufacturing sintered rare earth permanent magnets. These magnets are essential components used in electric vehicle motors, renewable energy systems, advanced electronics and defence platforms. The Union Cabinet cleared a financial package of Rs 7,280 crore to establish a fully integrated domestic supply chain capable of producing 6,000 metric tonnes per yea

United Kingdom Prime Minister Keir Starmer has rejected suggestions that India’s economy is struggling, emphasizing instead that the country is on a remarkable growth path. Speaking during his first official visit to India, he stated that India is well on track to become the world’s third-largest economy by 2028. His remarks came as he stood beside Prime Minister Narendra Modi and praised India’s economic progress, describing it as one of the most inspiring growth stories in the world toda

Finance Minister Nirmala Sitharaman on Friday emphasized that India cannot afford to remain a passive spectator as geopolitical conflicts, sanctions, and tariffs continue to reshape global supply chains. Speaking at the inauguration of the Kautilya Economic Conclave 2025 in New Delhi, she said that India’s economy has shown remarkable resilience in the face of disruptions, but it must play a proactive role to secure its future. Sitharaman highlighted how global uncertainty is

The Government of India has rolled out a historic reform in the Goods and Services Tax (GST) system by eliminating the 12% and 28% slabs and restructuring the tax categories. The changes, which took effect today, bring relief to households as 99% of daily-use products will now fall under lower tax rates. However, in order to balance revenue and discourage harmful or luxury consumption, the government has introduced a new 40% GST slab for specific goods.

The Goods and Services Tax (GST) Council has approved a series of new measures aimed at easing the compliance burden for businesses in India, with a focus on reducing the registration time for MSMEs (Micro, Small, and Medium Enterprises) and start-ups. Sources confirmed to that the new policy will reduce the MSME registration time from 30 days to just three days, streamlining the process significantly. In addition, a proposal for automated GST refunds for

India is facing increasing pressure to conclude a trade agreement with the United States as the August 1 deadline approaches. If a deal is not reached, tariffs on key exports are expected to rise significantly to 26%, potentially impacting India's trade flows, domestic sectors, and global positioning. The urgency has been compounded by recent international developments and India's own active pursuit of balanced trade partnerships. A recent trade agreement between the Unite

The Goods and Services Tax (GST) rates on certain items, including cigarettes, carbonated drinks, and luxury cars, may soon see a hike, according to government sources. This change is being considered as part of a proposal to replace the existing compensation cess with a new health and green cess, aimed at promoting sustainability and addressing health concerns. Currently, items like cigarettes, carbonated drinks, an

In a landmark economic achievement, India has officially become the world’s 4th largest economy, overtaking Japan, according to recent data shared by government officials and confirmed by the International Monetary Fund (IMF). The development comes just days after Prime Minister Narendra Modi reaffirmed India’s ambitious goal of becoming a $5 trillion economy by 2025. Union Minister Jitendra Singh announced the milestone on social media platform X, stati

Poonam Gupta, a prominent economist with global expertise, has been appointed as the new Deputy Governor of the Reserve Bank of India (RBI). Her appointment marks a historic milestone, as she becomes the first woman in over a decade to assume this high-ranking position at India’s central bank. She succeeds Michael Patra, who retired in January 2024. Gupta brings with her nearly two decades of international experience, having worked with the World Bank, International Monet