Economy News

Number of India's dollar millionaires to surge 55 pc by 2029: Report

From 2014 to 2024, organic growth varied sharply by region, with wealth managers in the Asia Pacific region (APAC) achieving rates of 50 per cent -- more than double that of their peers in EMEA (Europe, Middle East and Africa) and North America, driven decisively by emerging markets like India, the report states.

Jun 25, 2025

a-woman-counts-u-s-dollars-at-a-money-changer

Trade wars resurgent: Tariff tensions reshaping global growth

Global trade, at $33 trillion in 2024, teeters under protectionism's weight. A G20-led tariff truce could save $500 billion, shielding 1.2 billion from inflation's grip, per World Bank.

Jun 22, 2025

CBDT scanner on Swiss accounts leading to higher tax declarations in revised ITRs

CBDT scanner on Swiss accounts results in higher tax declarations in revised ITRs on foreign assets

As a part of these mechanisms, India regularly receives information about such foreign accounts and assets from 100+ tax jurisdictions. India also receives information about foreign assets and income being maintained in Switzerland, through different mechanisms of exchange of information.

Jun 21, 2025

Sensex, Nifty end in green ahead of RBI MPC decision

Indian stock market trades in green amid rising geopolitical tensions

At around 9.32 am, Sensex was trading 160.49 points or 0.20 per cent up at 81,743.79 while the Nifty added 57.40 point or 0.23 per cent at 24,910.80.

Jun 18, 2025

Mumbai's CSMIA 1st airport in India to attain Level 5 accreditation from ACI: Gautam Adani

India's aviation sector storms into world's top 3 markets, creates 7.7 million jobs

IATA's country director for India, Nepal and Bhutan, Amitabh Khosla, said India's rise to the third rank in the global market comes on the back of stronger airlines, growth of connectivity, and increased airport infrastructure.

Jun 2, 2025

Mumbai: Prime Minister Narendra Modi attends the Global FinTech Fest

India stands out as global fintech bright spot as credit demand surges

Fintech-led digital lending grew at 35 per cent CAGR in 2024, driven by rising credit demand, according to the report by QED Investors and Boston Consulting Group (BCG).

Jun 2, 2025

India pips China as top investment country for global family offices

Global family offices are most likely to increase their exposure in their investment portfolios to India and China over the next 12 months and India has scored far better on the list, according to the '2025 Global Family Office' report by UBS.

May 27, 2025

Low inflation to boost purchasing power, bolster fiscal finances in India: HSBC

Low inflation for the rest of the year will result in improving real purchasing power of households and lowering input costs for corporates in India, an HSBC Research report said on Monday, adding that a less obvious, but equally important benefit, could be via fiscal finances.

May 26, 2025

India most resilient economy among top 10, to become 4th largest one by 2026: PHDCCI

India's strong domestic market cushions economy against global trade shocks: Report

India is in a stronger position than other countries to withstand global trade disruptions, in the wake of the US tariff turmoil, due to the large size of its domestic market and the country's low dependence on goods exports, according to a Moody's report released on Wednesday.

May 21, 2025

Indian rupee opens stronger, gold prices show upward trend

The Indian rupee opened 12 paise stronger at 85.44 against the US dollar on Monday, amid a backdrop of global economic developments and market reactions.

May 19, 2025

China's FDI proposals face stricter scrutiny in India amid tensions with Pakistan

The government plans to conduct more stringent reviews of some major investment proposals from Chinese companies to invest in India, which could delay the go-ahead for these ventures, according to an NDTV Profit report.

May 14, 2025

WPI inflation slows to 2.31 per cent in Jan as food prices ease

India's retail inflation eases to 3.16 pc in April, lowest since July 2019

India's retail inflation fell to 3.16 per cent in April from 3.34 per cent in March to its lowest level since July 2019, as food prices eased further bringing respite to household budgets, according to figures released by the Ministry of Statistics on Tuesday.

May 13, 2025

India surpasses Germany to become world's 3rd-largest producer of wind, solar energy

India is now the world's third-largest producer of wind and solar energy, surpassing Germany, Union Minister for New and Renewable Energy, Pralhad Joshi, said on Friday, adding that the country's solar power installed capacity reached 107.95 GW in April this year, from 82.64 GW in the same month last year, which is a 30.7 per cent growth.

May 9, 2025

Indian households well positioned to support 6.5 pc growth over 3-5 years: Morgan Stanley

India poised to replace Japan as world's 4th-largest economy this year: IMF

India is poised to become the world's fourth-largest economy in 2025 with the country's nominal GDP rising to $4,187.017 billion during the year to surpass Japan's GDP pegged at $4,186.431 billion, according to the IMF's World Economic Outlook report.

May 6, 2025

Current indicators show India's economy is doing well: CEA Nageswaran

Chief Economic Advisor (CEA) V. Anantha Nageswaran has highlighted that current indicators show the Indian economy is continuing on a high growth path despite the global challenges.

May 5, 2025

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