India News

India's weather department sees 2017 monsoon rains at 98% of long-term average

The monsoon delivers about 70 percent of India's annual rainfall, critical for the farm sector that accounts for about 15 percent of India's $2 trillion economy.

Jun 6, 2017

71% Indian SMEs optimistic about domestic economic growth in 2017: Survey

The survey was commissioned by American Express and carried out by Oxford Economics.

Jun 1, 2017

India's factory output growth rate falls to 3-month low in May

The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, fell to 51.6 in May from April's 52.5.

Jun 1, 2017

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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