New Delhi, April 7 (IANS) Global geopolitical tensions are beginning to weigh on India’s economic outlook, but the country is still expected to maintain steady growth as GDP growth expected at 6.2 per cent for FY2027, a report said on Tuesday.The data compiled by Morgan Stanley projected India’s growth, even as rising energy costs, supply disruptions, and external pressures pose fresh challenges.However, it is lower than earlier estimates of 6.5 per cent, the report stated. The downgrade ref…
Latest Balance of Payments News & Updates
Washington, March 22 (IANS) India’s economic momentum is facing a fresh strain as the ongoing US-Israeli war on Iran disrupts its deep-rooted ties with the Gulf, a key pillar of trade, energy supplies, and remittances, according to a New York Times report.Only weeks ago, India appeared well placed among major economies, with strong growth, stable inflation, and robust reserves. But its growing economic integration with the Gulf — long seen as an advantage — is now emerging as a vulnerability…
Mumbai, Feb 3 (IANS) The Indian rupee surged over 1 per cent on Tuesday, trading at 90.29 to the US dollar, following an India-US trade agreement that sparked investor optimism and prompted foreign inflows.The local currency had closed at 91.53 on Monday, reaching a two-week high to gain 48 paise in the prior session, after the Reserve Bank of India reportedly intervened in the spot market.Analysts said the rupee’s surge to the dollar pair was higher before it consolidated 90.20–91.20 zone. …
Mumbai, Feb 3 (IANS) The Indian equity markets surged sharply by around 3 per cent early on Tuesday with broad-based buying across sectors, buoyed by the announcement of the India-US trade deal.As of 9.25 am, Sensex added 2,421 points, or 2.97 per cent, to reach 84,088, and Nifty gained 741 points, or 2.96 per cent to settle at 25,829.India and United States have agreed to a trade agreement under which reciprocal tariffs on Indian goods will be slashed to 18 per cent from 25 per cent, and the ad…