New Delhi, July 3 (IANS) Commerce and Industry Minister Piyush Goyal said on Friday that India is aiming to achieve an ambitious target of $1 trillion in exports during the current financial year, with a robust double-digit growth from $863 billion in 2025-26. Addressing the Board of Trade Meeting here, Goyal said the country is targeting a 17 per cent surge in merchandise exports to about $530 billion, while services exports are projected to increase by around 11 per cent to nearly $470 billion…
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New Delhi, July 2 (IANS) The latest economic indicators released by the Union government continue to underline the resilience of the Indian economy despite global uncertainties. Strong GDP growth, expanding manufacturing and services activity, record vehicle sales, healthy GST collections and resilient exports indicate that domestic demand and investment remain robust.India’s economy grew by 7.7 per cent in FY 2025-26, reaffirming its position as the world’s fastest-growing major economy.Growth …
New Delhi, June 27 (IANS) Union Commerce and Industry Minister Piyush Goyal has urged Indian companies to deepen engagement with their UK counterparts and translate opportunities under the India-UK Comprehensive Economic and Trade Agreement (CETA) into sustained business growth, it was announced on Saturday.Addressing the India-UK: Partners in Progress Business Plenary in London, Goyal said the landmark trade pact offers significant opportunities to strengthen bilateral trade, investment, techno…
New Delhi, June 5 (IANS) The current government led by Prime Minister Narendra Modi is committed to further drive the “Reform Express” with decisive policy measures to ensure positive economic momentum amidst global challenges, Finance Minister Nirmala Sitharaman said on Friday.FM Sitharaman remarks came as official data showed that India’s economy expanded at a robust pace in FY 2025-26, with real GDP estimated to grow by 7.7 per cent and real Gross Value Added (GVA) rising by 7.9 per cen…
New Delhi, June 5 (IANS) India’s GDP growth was estimated at a robust 7.8 per cent in the January-March quarter (Q4) of 2025-26, as result of which the growth rate for the full financial year works out to 7.7 per cent on the back of a strong performance of the agriculture, construction, and services sectors, data released by the Ministry of Statistics on Friday showed. The secondary sector recorded a strong 8.8 per cent growth while the tertiary sector grew by 9.9 per cent, according to the offi…
Mumbai, June 5 (IANS) The Reserve Bank of India (RBI) on Friday projected real GDP growth for 2026-27 at 6.6 per cent — with Q1 at 6.6 per cent; Q2 at 6.3 per cent; Q3 at 6.5 per cent; and Q4 at 6.8 per cent — saying that prolonged global supply chain disruptions, volatility in global financial markets, and weather-related shocks continue to pose downside risks to the domestic growth outlook.India’s manufacturing and services PMI suggest that both sectors continue to be resilient, and busine…
New Delhi, May 16 (IANS) Pakistan’s latest GDP data points to a fragile and uneven recovery, with the economy growing 3.7 per cent in the current fiscal year, below the government’s 4 per cent target and marginally under the nation’s State Bank projection range, a report has said.The report published in Dawn highlighted that the growth underscores the country’s continued struggle to break out of a prolonged low-growth trap shaped by structural weaknesses, external financing pressures and r…
New Delhi, April 27 (IANS) India and New Zealand are set to sign a long-awaited free trade agreement (FTA) on Monday to significantly boost bilateral trade, investments and market access across sectors.The agreement will be signed at Bharat Mandapam in the presence of Union Commerce Minister Piyush Goyal and his New Zealand counterpart, Todd McClay.The pact is aimed at doubling bilateral trade to $5 billion over the next five years and is expected to open new avenues for Indian exporters, partic…
New Delhi, April 26 (IANS) India and New Zealand are set to sign a long-awaited free trade agreement on Monday, more than four months after concluding negotiations, with the deal expected to significantly boost bilateral trade, investments and market access across sectors.The agreement will be signed at Bharat Mandapam in the presence of Piyush Goyal and Todd McClay, marking a major step in strengthening economic ties between the two countries.The pact is aimed at doubling bilateral trade to $5 …
Mumbai, April 1 (IANS) Domestic policy measures and relatively stronger corporate balance sheets provide some cushion to the credit profile of India Inc but the critical question is whether these domestic levers will be sufficient to keep credit quality on course if the global environment deteriorates further, a report showed on Wednesday.Amid the emerging geo-political environment, the credit ratio for the manufacturing and services sector in India improved to 2.06 times in the second half of F…