India News

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India's foreign exchange reserves hit historic high at $379 billion

As of May 19, 2017, India's foreign exchange reserves stood at $379.3 billion, buoyed by dollar inflows from foreign portfolio investors (FPIs).

May 27, 2017

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Data analytics can benefit railways 'immensely', says Suresh Prabhu

Railway minister Suresh Prabhu was speaking at a conference on "Data Analytics for Indian Railways" in New Delhi on Tuesday.

May 16, 2017

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India reports higher trade deficit in April due to spike in gold, crude oil imports

In April, India's exports zoomed 20 percent while higher gold and crude oil purchases spiked imports by 49 percent; trade deficit ballooned to $13.24 billion.

May 15, 2017

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India's forex reserves hit lifetime high of $375.7 billion; retail inflation falls to 2.99% for April

During the week ended May 5, India's foreign exchange reserves rose $2.98 billion to reach an all-time high of $375.71 billion, retail inflation for April came at 2.99 percent.

May 12, 2017

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India poised to grow at 7.2% in 2017-18: IMF

On the flip side, India's current account deficit is likely to widen as domestic demand strengthens further and commodity prices rebound.

May 9, 2017

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India's oil and gas sector at a glance

The government's official body, the Petroleum and Planning Analysis Cell (PPAC), has come out with its report for FY2017.

Apr 24, 2017

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India's falling leather exports could face further slide if more slaughterhouses come under attack

Export of leather goods fell 4.3 percent for the 11-month period ended February 2017, YoY; US, Germany, UK are top importers of Indian leather.

Apr 10, 2017

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FDI equity inflows from China into India rise sharply in four years

China Inc., comprising Alibaba Group, Oppo, Vivo, and Huawei, have been ramping up investments in India.

Apr 10, 2017

India's foreign exchange reserves rise $10 billion in FY2017

In an update, the Reserve Bank of India said that India's foreign exchange reserves stood at $369.95 billion as of March 31, 2017.

Apr 8, 2017

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India's growth to bounce back to 7.4% in 2017-18: Asian Development Bank

The country's economy will grow at a higher clip despite drag caused by excessive corporate investment in the past and banking woes.

Apr 6, 2017

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Two charts that explain trends of Indian economy over past 12 months

Data compiled by brokerage Motilal Oswal Securities for the 12-month duration ending February 2017, during which the economy witnessed signficant developments, show mixed macroeconomic trends.

Apr 4, 2017

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Demonetisation blues fail to dampen tax collection for FY2017; exceeds estimates

The Modi government ended FY2017 with total tax revenues of Rs 17.10 lakh crore as against revised estimates of Rs 16.97 lakh crore.

Apr 4, 2017

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India factory activity at five-month high in March: PMI data

The Nikkei Manufacturing Purchasing Managers' Index rose for the third month in a row for March.

Apr 3, 2017

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India's online fashion market to hit $12-14 billion by 2020

Fashion e-commerce will constitute 11-12 per cent of the total domestic fashion market, says a report jointly prepared by Facebook and BCG.

Mar 22, 2017

Quick update on Indian stock, currency markets and foreign exchange reserves

Benchmark index Sensex is 375 points away from lifetime high while NSE Nifty closes at record high of 9,160, thanks to ITC; India's foreign exchange reserves stable.

Mar 17, 2017

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India's exports rise 17.5% in February, up for the sixth straight month; gold imports spurt 147%

Trade data released on Wednesday shows India's imports increase 21.76 percent while exports grew 17.48 percent, widening trade deficit. Gold imports up at $3.48 billion.

Mar 15, 2017

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Non-life insurers' premium income grows over 33% in February

Private sector insurers saw their business growing at a faster clip than their public sector counterparts.

Mar 13, 2017

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India's factory output rises 2.7% in January

The factory output, as per the Index of Industrial Production (IIP), had inched lower by 0.10 percent during December 2016 and contracted by 1.6 percent in January of 2016.

Mar 11, 2017

India's vital statistics at a glance since note ban

Data for various sectors such as civil aviation, exports, imports, automobiles, tourism show a mixed trend after PM Modi's note ban decision.

Mar 7, 2017

India to remain world's fastest-growing economy, reveals Fitch Ratings's Global Economic Outlook

In its latest Global Economic Outlook (GEO) released on Tuesday, Fitch Ratings highlights significant trends globally.