Economy

New Delhi:  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. According to the report, India continues to remain the world’s fastest growing major economy

Mumbai: UPI QR codes have recorded the fastest growth in digital payments infrastructure in the financial year 2024-25, with a 91.5 per cent jump over the previous financial year to 657.9 million, according to the latest RBI data. The surge in UPI QR codes was accompanied by a slowdown in the growth rate of credit

New Delhi:  Global brokerage Morgan Stanley has reaffirmed its positive long-term outlook on Indian equities, highlighting that India is likely to outperform in a global bear market scenario. According to a note by the brokerage, the opportunity to invest in India’s long-term structural growth story is now, though it will require patience, given the potential.

Mumbai: Indian equity indices opened in the green on Monday as heavyweights like Adani Ports, Asian Paints, Titan and Tata Motors continued to support upward movement. Around 9:22 am, Sensex was up 280 points or 0.35 per cent at 80,782 and Nifty was up 90 points or 0.37 per cent at 24,436. Buying was seen

New Delhi: The Reserve Bank of India (RBI) had 879.59 metric tonnes (MT) of gold at the end of March 2025, of which 511.99 metric tonnes were held domestically, the Central Bank informed on Monday. While 348.62 metric tonnes of gold were kept in safe custody with the Bank of England and the Bank for

New Delhi:  India’s solar photovoltaic (PV) balance of system (BoS) market is on a robust growth trajectory and is projected to grow from approximately $3 billion in 2024 to around $7 billion by 2029, registering a compound annual growth rate (CAGR) of 16 per cent, a report showed on Monday. Several factors are driving this

New Delhi:  The production of key minerals such as iron ore, manganese ore, bauxite and lead in the country have recorded a robust growth in financial year 2024-25 after reaching record production levels in FY 2023-24, according to a statement issued by the Ministry of Mines on Monday. The output of iron ore, which accounts

New Delhi: 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. Speaking at an event at Ashoka University, Nageswaran said, “India’s economy is in good shape despite challenging global environment. While the final number for FY25 will

New Delhi: After banning all imports from Pakistan, India on Saturday barred Pakistan-flagged ships from entering any of its ports, following the barbaric attack in Jammu and Kashmir’s Pahalgam, which took 26 lives. According to a directive from the Ministry of Ports, Shipping and Waterways, Pakistan-flagged ships have been banned from entering Indian ports. The

Mumbai: Benchmark indices ended with marginal gains in a highly volatile session on May 2 and volatility is expected to stay elevated due to ongoing geopolitical tensions, developments related to tariffs, and the unfolding Q4 earnings season and major US economic data points, analysts said on Saturday. The Nifty on Friday opened strong and surged