BUSINESS
Core sector output falls to five-month low of 2.9% in February
GDP data released last month showed that manufacturing would likely grow 4.3 percent in FY25, compared with 12.3 percent in the previous fiscal
BUSINESS
April-February fiscal deficit lower at Rs 13.5 lakh crore, capex spending also slower at 80% of FY25 target
India's capex lagged at Rs 8.1 lakh crore, and with a month to go, Centre may have to spend Rs 2.1 lakh crore in March to reach the Budget target of Rs 10.2 lakh crore for FY25.
BUSINESS
Here's why smartphone exports may weather the Trump tariff storm
In 2024, India's smartphones exports to the US rose 50 percent. The country exported $20.4 billion worth of smartphones in the year
ECONOMY
Southern states' share in India's GDP has caught up with that of North, Central India: MC Analysis
In 1970-71, the share of northern states in the Indian economy was 40 percent higher than that of South India, which had a 24.6 percent share of India’s GDP. Five decades later, the share of southern states is nearly as much as the Northern and central parts of India.
BUSINESS
Trump tariffs: US' heavy dependence on some Indian imports may force re-think
Smartphones and turbo jets are among the fastest-growing exports from India
BUSINESS
Trump's auto tariffs: Nearly 16% of India's car, component exports headed to the US in 2023
Donald Trump's latest tariff announcement will likely hit Indian auto component makers harder that the car manufacturers
POLITICS
India would need over 1,600 parliamentarians if size of a constituency is limited to 1 million people: MC Analysis
Uttar Pradesh, Bihar, Rajasthan would only witness a slight gain in their seat share if constituencies are decided per the 1 million limit
BUSINESS
North leads in overall solar capacity addition, but South is closer to potential: MC Analysis
India plans to nearly triple the solar installed capacity to 280 GW by 2030, achieving nearly 40 percent of its potential.
BUSINESS
India’s energy intensity improved in FY24: Stats ministry report
Improvements in energy intensity over the last decade have helped save 399 million tonnes of emissions
BUSINESS
Venezuela’s share in India’s oil imports was declining before US sanctions
The South American nation had a 10.3 percent share in India’s imports in 2013, this declined to 5.6 percent by 2019 and further to 3.6 percent in 2020
BUSINESS
Delhi Budget: Expenditure to grow 44% to Rs 1 lakh crore in FY26, fiscal deficit to see a nine-fold rise
Delhi is expected to avert slipping into a revenue deficit in the coming fiscal, with a projection of revenue surplus rising to Rs 9,661 crore, owing to higher non-tax revenue, especially transfers from the Centre.
BUSINESS
Population-based delimitation to hit Tamil Nadu; Bihar under-represented if freeze continues
Bihar, Rajasthan and UP will be at least 10 percent under-represented if there is a freeze on delimitation; Tamil Nadu and Kerala are to lose more if population is a deciding factor
BUSINESS
Why M K Stalin is irked over delimitation amid a deep North-South population divide
he population share of southern states has likely shrunk from 24% in 1971 to 19.7% in 2023. West Bengal and Odisha have also seen their population share decline.
BUSINESS
India’s humble onion has gone places in past decade — from Middle East to Europe
Last week, the government removed the 20 percent export duty on onions it had imposed in September
BUSINESS
Private sector activity eases in March to 58.6; business confidence hits 7-month low
The HSBC Flash India Composite PMI has stayed above the 58 mark for the second consecutive month after dipping to 57.9 in January
BUSINESS
Stats ministry to tap GSTN, MCA, Udyam portal to launch business register
The effort, a first of its kind outside the Economic Census, is expected to help track the changes in the business environment of the country
BUSINESS
India’s steel imports have become more concentrated in past decade
In 2024, 97 percent of India’s imported hot-rolled steel, one of the top traded commodities, came from the top five countries compared with 80 percent a decade ago and 93 percent prior to the pandemic
BUSINESS
Exports worth nearly $800 billion to the US, China, India and the EU in 2023 faced higher tariffs than a decade ago: MC Analysis
Energy, metals and machinery accounted for nearly 31% of the total imports that saw tariff increase in 2023. India was the worst performer, with 19.4% of total imports entering the country facing higher tariffs than a decade ago.
BUSINESS
Biggest challenge is to integrate survey, alternate and administrative data: Stats ministry secretary Saurabh Garg
The government has 200 administrative datasets. The challenge is to make the data publicly available while ensuring privacy and anonymity, Saurabh Garg has said
BUSINESS
India’s energy efficiency improved faster between 2000 and 2023, than BRICS and global average: RBI study
Although energy efficiency lagged developed markets, like the US and Germany, which witnessed an over 2 percent rise during this period, India was far ahead of its BRICS peers (1.62 percent)
BUSINESS
Pulses, oilseeds more rainfall dependent than cereals: RBI study
For maize, pulses and oilseeds, the effects of normal rainfall were even better, as a percent increase led to production rising by 0.159, 0.333 and 0.303 percent, respectively
BUSINESS
Gulf share of India’s remittances has declined; US pipped UAE in 2023-24: RBI survey
Analysis of data from the RBI bulletin shows that the United States, which was the second largest contributor to remittances in 2016-17, with a 22.9 percent share pipped UAE to become the largest contributor with a 27.7 percent share in India’s total remittances
BUSINESS
Not just India, Vietnam and Indonesia too have taken a protectionist turn
China, which lowered tariffs on more goods than it raised between 2013 and 2023, also increased duties in 2023 compared to the previous year, as India cut tariffs
BUSINESS
India to grow 6.5% in FY26; rising uncertainty to bring down global growth, says Fitch
The rating agency kept India’s FY26 forecast unchanged at 6.5 percent while projecting a higher 6.3 percent growth for FY27 from 6.2 percent in its December update
