India’s proposed Goods and Services Tax (GST) reforms could help soften the blow of steep US tariffs and give a lift to household spending, BMI, a Fitch Solutions company, said on Thursday.The government is planning to lower tax rates on items commonly used by the public, a move that BMI believes will boost consumption and…
Planning your SIP journey, but confused if you should invest more for a shorter duration or less for a long duration?When it comes to building wealth, patience and time often matter more than how much you invest each month. A small but regular contribution over a long period can create a larger corpus than investing…
India’s industrial production picked up pace in July, rising to a four-month high of 3.5%, driven largely by the manufacturing sector, as per official data released on Thursday. The last time the country saw a similar level of growth was in March 2025, when industrial output rose 3.9%.Measured in terms of the Index of Industrial…
The Centre’s move to extend the import duty exemption on cotton until 31 December 2025 is set to strengthen India’s position in global textile markets, reviving orders for small and medium enterprises as well as export-oriented units, the government said.The announcement comes at a critical time, as Indian textile exporters are worried abou the impact…
MUMBAI: The share of mutual funds in the household sector’s gross financial savings increased from 0.9% in 2011-12 to 6% in 2022-23. Assets under management have grown at a compounded annual growth rate (CAGR) of 17.1%. This has made mutual funds a stabilising force in equities and helped cushion the equity market against volatility triggered…
Finance Minister Nirmala Sitharaman on Thursday chaired an inter-ministerial meeting to explore possible support measures for exporters hit by steep US tariffs, PTI reported cited sources.The meeting was attended by senior officials from the ministries of finance, commerce, textiles, MSMEs, chemicals and fisheries.The discussions came in the wake of Trump administration’s decision to impose a…
The projections indicate India’s GDP will reach 34.2 trillion international constant PPP dollars (2021) by 2038. (AI image) India may surpass the US to become the world’s second largest economy in PPP terms by 2038, according to an analysis by EY in its latest Economy Watch report. The projection assumes significance at a time when…
Federal Reserve governor Lisa Cook has taken the Trump administration to court after the US president tried to fire her.Cook’s lawsuit, filed by lawyer Abbe David Lowell, seeks an injunction to block her dismissal and “confirm her status” as a member of the central bank’s governing board.The case is being seen as an extraordinary legal…
The United States economy showed stronger growth than previously estimated in the second quarter of the year, government figures showed on Thursday.According to the second estimates released by the US commerce department, the gross domestic product (GDP) rose at an annual rate of 3.3% between April and June, an upward revision from the 3.0% figure…
India’s textile exporters may be bracing for a major blow as the United States’ steep 50% tariffs come into force, with experts warning that nearly one-fourth of the country’s textile exports could be hit over the next six months. America is the largest market for Indian apparel, and order cancellations have already begun troubling exporters.The…
