New Delhi, May 11 (IANS) Prime Minister Narendra Modi’s appeal for a one-year economic adjustment framework makes sense, which is aimed at managing short-term stress and likely recover over the next nine months, a top banker said on Monday.In an interview with IANS, Dr Dharmesh Bhatia, Director–Wealth Management at Dubai-based Emirates Investment Bank, said such temporary disruptions are part of normal economic cycles, and can be offset in the broader recovery phase if policy and macro condi…
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New Delhi, May 11 (IANS) Union Minister Ashwini Vaishnaw on Monday said despite global turbulence, India has managed the situation effectively through well-thought-through policies and decisive execution under the Prime Minister Narendra Modi’s leadership. Speaking at the inaugural session of the CII Annual Business Summit 2026 here, he outlined three major pillars driving India’s transformation — railways, electronics & semiconductors and artificial intelligence.Highlighting the unprec…
New Delhi, May 7 (IANS) Vietnam President To Lam’s visit to India elevated bilateral ties to an Enhanced Comprehensive Strategic Partnership, and will improve India’s access to critical inputs, generate substantial long-term benefits for exports, investments, and GDP growth, the industry chamber PHDCCI said on Thursday.Rajeev Juneja, President, PHDCCI said that the bilateral partnership creates a stronger framework for supply-chain resilience, manufacturing cooperation, digital connectivity,…
Washington, May 6 (IANS) The United States trade deficit widened in March as imports outpaced exports, even as the American goods gap with India narrowed compared to the same period last year, according to official data.The US Census Bureau and the Bureau of Economic Analysis said the overall goods and services deficit rose to $60.3 billion in March, up $2.5 billion from a revised $57.8 billion in February.US exports in March stood at $320.9 billion, an increase of $6.2 billion from February, wh…
Amaravati, May 5 (IANS) Andhra Pradesh is positioning itself as a global hub for next-generation manufacturing and digital infrastructure, said state minister Nara Lokesh on Tuesday.He stated that Andhra Pradesh is moving beyond hosting data centres to manufacturing the components that power the global data boom.The minister announced that a foundation stone will be laid on Wednesday for a new chiller manufacturing facility at Sri City.The state government sees this as a significant milestone in…
New Delhi, May 4 (IANS) Commerce and Industry Minister Piyush Goyal on Monday held talks with a Japanese delegation to strengthen bilateral trade and investment relations.”Met the delegation led by Mr Takayuki Kobayashi, Member of the House of Representatives and Chairperson of the ruling Liberal Democratic Party’s (LDP) Policy Research Council, Japan,” Goyal said in a post on X.”Discussed strengthening India–Japan economic engagement, enhancing MSME partnerships, and deepening collaboration…
New Delhi, May 1 (IANS) The India-UAE Comprehensive Economic Partnership Agreement (CEPA) is driving robust trade expansion and opening new avenues for Indian businesses, Union Minister Piyush Goyal said on Friday.Four years after the implementation of the India-UAE Comprehensive Economic Partnership Agreement, the bilateral economic relationship between India and the United Arab Emirates has witnessed significant growth across multiple sectors.Highlighting the progress in a post on social media…
New Delhi, April 30 (IANS) Invest India, the National Investment Promotion and Facilitation Agency under the Centre’s Department for Promotion of Industry and Internal Trade (DPIIT), has facilitated the grounding of 60 projects worth over $6.1 billion across 14 states during the financial year 2025–26, which are expected to generate more than 31,000 jobs, according to an official statement issued on Thursday.Grounded investments have registered a nearly threefold growth over FY 2024–25, wh…
New Delhi, April 29 (IANS) India is targeting $2 trillion in total exports by 2030–31, comprising $1 trillion in merchandise exports and $1 trillion in services exports, the government said on Wednesday.The Department of Commerce has developed a structured Export Monitoring Framework, which breaks down the national target into sector-wise actions across Engineering Goods, Textiles, Electronics, Pharmaceuticals, Chemicals and Services, said Commerce Minister Piyush Goyal who chaired a high-leve…
New Delhi, April 23 (IANS) Gross FDI (equity) flows to India accelerated to $90.8 billion (2.3 per cent of GDP) in January 2026 on a on a 12-month trailing basis, up by a healthy 13 per cent from $80.3 billion in January 2025 (2.1 per cent of GDP), a Morgan Stanley report showed on Thursday.Gross FDI (ex repatriation) improved to a three-year high of $36.3 billion in January 26, rising 38.4 per cent on-year. The trend in gross FDI has recovered steadily since January 2024, underpinned by strong …