New Delhi, Feb 3 (IANS) Senior government officials on Tuesday welcomed the India-US trade deal, saying it has reduced uncertainty in the global economic environment and brought relief to Indian industry.Speaking at FICCI’s conference on Union Budget 2026–27, Secretary of the Department of Economic Affairs Anuradha Thakur said a ‘great deal of uncertainty’ was removed after the trade agreement was announced between India and the United States.“Despite growing geopolitical challenges ac…
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New Delhi, Feb 3 (IANS) Union Home Minister Amit Shah and Union Health Minister J.P. Nadda on Tuesday welcomed the India-US trade deal and said that it will benefit and further strengthen the strategic partnership between the two nations.Taking to X, HM Shah said, “A big day for India-US relations as the trade deal has been locked with a significantly reduced tariff of 18 per cent, paving the way for stronger trade ties and mutual growth. I congratulate PM Narendra Modi and President Donald Trum…
New Delhi, Feb 1 (IANS) The government is set to present the Union Budget 2026-27, with Part B of the Budget document likely to carry unprecedented detail and emphasis on economic direction and policy reforms for the first time — sharing directional cues on growth priorities and the country’s emerging role in a shifting global economy.The Union Budget is divided into two parts — A and B — with the latter part serving primarily as a shorter segment focused on tax proposals and select updates…
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman will present the Union Budget for 2026–27, marking a historic moment as it is being delivered on a Sunday for the first time in independent India’s history. This will be her ninth consecutive Budget, making her the first woman finance minister to achieve this feat, and the 15th Budget of the Narendra Modi-led government. It is also the second full Budget since the National Democratic Alliance (NDA) returned to power for a third stra…
Washington, Jan 29 (IANS) Emerging market economies have shown notable resilience despite trade disruptions, geopolitical uncertainty, and shifting global financial conditions, senior International Monetary Fund (IMF) officials said here on Thursday, while warning that risks remain tilted to the downside. Presenting the IMF’s latest assessment ahead of a conference on emerging economies, IMF Economic Counsellor and Director of Research Pierre-Olivier Gourinchas said global growth has held up bet…
New Delhi, Jan 29 (IANS) The Confederation of Indian Industry on Thursday concurred with the Economic Survey 2025–26’s assessment of India’s growth outlook, with the projected growth rate of 6.8–7.2 per cent in FY27 appearing realistic amid global uncertainties.The industry body forecasted that with moderate level inflation, India is poised for “double digit nominal growth, which should help augment revenues and moderate borrowings, further easing pressures on real interest rate and thus t…
New Delhi, Jan 28 (IANS) India is advancing rapidly towards becoming the world’s third-largest economy and will play a decisive role in the global energy demand-supply balance, Prime Minister Narendra Modi said on Wednesday.In an interaction with CEOs of the global energy sector as part of the ‘India Energy Week’ (IEW) 2026, PM Modi highlighted India’s robust economic momentum, drawing attention to an investment potential of around $100 billion in exploration and production, citing inves…
New Delhi, Jan 28 (IANS) The government’s capex (capital expenditure) may cross Rs 12 lakh crore in the forthcoming Union Budget for 2026-27, which would represent an increase of around 10 per cent over the corresponding figure of the previous financial year, according to an SBI report released on Wednesday.This would enable the government to step up investments in big-ticket infrastructure projects in the highways, railways, ports and power sectors to boost growth and jobs in the economy.The FY…
New Delhi, Jan 24 (IANS) The launch of a new skills accelerator in India strengthens a global network of 45 national accelerators that have collectively supported 14.8 million people, the World Economic Forum (WEF) has said.Announcing major global commitments to invest in skills development for workers, the WEF said these accelerators bring together government, business and civil society to translate global insights into country-specific action on employment, skills development and inclusive eco…
Washington, Jan 16 (IANS) India is the key growth engine for the world, the International Monetary Fund (IMF) said on Thursday, noting that the country’s third-quarter growth came out stronger than expected. “What we have seen in India is that India is a key growth engine for the world,” Julie Kozack, Director of IMF’s Communications Department, told reporters at a news conference here on Thursday.She was responding to a query on the IMF’s assessment of India’s growth story in 2025.Kozack said t…