BUSINESS
India’s critical mineral trade is more focussed on raw material than products
Over three-fourths of India’s exports in 2023 were in the form of raw materials, with battery materials accounting for half the share at $595 million
BUSINESS
US and world in a déjà vu as tariff impact on economic projections are equivalent to 2008 crisis
A Moneycontrol analysis shows that tariffs are expected to shave off nearly as much from US’ growth estimate as the onset of the housing crisis did in 2008
BUSINESS
World Bank cuts India’s growth forecast to 6.3% for FY26
The World Bank forecast is a tad higher than the International Monetary Fund, which, on Tuesday, projected Indian economy to grow 6.2 percent in FY26, followed by 6.3 percent growth in FY27
BUSINESS
Pahalgam attack: Tensions with India may add to Pakistan's economic woes
In FY24, Pakistan's fiscal deficit stood at 7.4%, almost twice the regional average. It is expected to fall to 5.9 percent this year but for that, the economy has to grow at 17%
BUSINESS
Pakistan spends higher share of GDP on defence than India, China or EU
Though Pakistan’s defence spending as proportion of GDP declined to 2.3% in FY25, it was still higher than India’s 2%
BUSINESS
India's exports to Pakistan at 5-year high in 2024 defying bilateral tensions
Total merchandise trade between the two countries jumped 127.21 percent to $1,206.76 million in 2024 from the previous year
BUSINESS
Private sector activity rises to 8-month high of 60 in April
New export orders accelerated, likely buoyed by the 90-day pause on Trump tariffs, says HSBC
BUSINESS
Saudi investments to India have jumped 60x in a decade
In 2014, Saudi Arabia was ranked 47 with $51 million worth of investments in India, which rose to 39 with an investment of $316 million in 2019. But in 2020, the investment from Middle Eastern country grew 10-fold to $3.13 billion, with Saudi Arabia having a 0.6 percent share in India’s FDI inflows
BUSINESS
IMF cuts India’s growth forecast to 6.2 percent as tariff uncertainty looms
India is expected to do better on the inflation front as consumer inflation will decline to 4.2 percent in FY26 compared with 4.7 percent in FY25. For FY27, IMF projected inflation to further cool to 4.1 percent.
BUSINESS
US VPs tend to travel more to Europe, South Korea and Japan
US Vice President JD Vance, on his third official visit, landed up in India for a four-day visit on April 21. The visit comes 12 years after Joe Biden visited India for four days in 2013 as vice president
BUSINESS
Amid an ongoing tariff war, it’s not all roses for India’s flower exports
US was the top importer of cut flowers from India, accounting for nearly a third of India’s overall flower exports in 2024-25.
BUSINESS
India's core sector growth recovers to 3.8% in Mar from five-month low of 3.4% in Feb
The eight core industries, which largely represent India's infrastructure sector and account for 40 percent weight in the index of industrial production, ended FY25 at a four-year low growth rate of 4.4 percent compared with 7.6 percent in the previous fiscal
BUSINESS
India to review 28 international indices on their methodology
Stats ministry will conduct a review of the rankings methodology of 28 global indices and get back to the line ministries, the ministries will take up the matter with concerned agencies conducting these cross-country rankings
BUSINESS
China has been tilting towards ASEAN for trade since 2018, shows MC Analysis
America's share in Chinese exports has fallen to 14.8 percent in 2023, its lowest in over 15 years, as ASEAN economies and the European Union step up to become largest importers of Chinese products.
BUSINESS
Fitch forecasts India’s GDP growth at 6.4% for FY26 as trade war escalates
Fitch Ratings has sharply lowered its forecast for world growth in response to the severe escalation in the global trade war
BUSINESS
Kerala more unequal, Assam most equal; social inequality in India has declined over a decade: MC Analysis
The consumption spending of person belonging to Scheduled Caste increased 210 percent between 2011-12 and 2023-24 in rural areas, while general category witnessed a 170 percent jump during this period
BUSINESS
China dominates critical minerals supply chain with 30% share; India slips spots every stage of the network
China was the top exporter for both battery packs and electric vehicles in 2023, accounting for 26.1 percent and 31.8 percent share, respectively, nearly twice as much as the second largest exporter in both categories.
BUSINESS
India to grow 6.5% in 2025, as global growth slumps to 2.3%: UNCTAD
Monetary easing and robust public spending to support growth in 2025
BUSINESS
WTO lowers 2025 goods trade forecast by 0.2% over reciprocal tariffs and uncertainty
A resumption of reciprocal tariffs would see merchandise trade growth contracting 1.5 percent in 2025; growth to take a hit
BUSINESS
US share in Indian exports reached highest level in a decade in March: MC Analysis
Data released by the ministry of commerce showed that the threat of tariffs pushed Washington’s share in India’s exports to 24.3 percent compared with 21.4 percent a month ago and 18 percent from March 2024
BUSINESS
Not just China, India faces risk of flux of farm imports from US as well
Its trade war with China opens up a $590-million opportunity for the US to ship farm goods to India. Of US' $141.3-billion farm exports in 2024, China had a 13.5 percent share at $19.1 billion. India’s was just 1.4 percent at $1.9 billion
BUSINESS
Inflation declines but health and education expenses at a year's high
Services like X-Ray and ECG rose to a 15-month high of 2.23 percent. Tuition and school fee expenses rose 4.7 percent, a 12-month high, in March
BUSINESS
Nearly 30 percent of India’s export to US to face over 15% tariff: MC Analysis
While just about $80 million worth of export from India to the US attracted over 30 percent duty, from this year onwards, $458 million worth of products may face a tax rate of over 30 percent.
BUSINESS
India’s retail inflation eases to 67-month low of 3.34% in March
Food inflation declined to 40-month low of 2.69 percent in March as against 3.75 percent in February
