All posts tagged: Indian economy

Will India get plastic currency notes? RBI reviewing proposal, says Governor

Will India get plastic currency notes? RBI reviewing proposal, says Governor

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The Reserve Bank of India (RBI) Governor Sanjay Malhotra has said that the proposal to introduce polymer currency notes in India is currently under consideration and remains at a preliminary stage, reported the PTI. Speaking on the issue, Malhotra said the central bank is examining the proposal, but no final decision has been taken so far. The RBI Governor stated that discussions regarding polymer banknotes are still in the early stages. He said the proposal is being evaluated and remains under consideration by the central bank. His remarks come amid growing interest in the possibility of introducing polymer-based currency notes as an alternative to traditional paper notes. What are polymer currency notes? Polymer notes are banknotes made from a special plastic material rather than cotton-based paper. Several countries, including Australia, Canada, the United Kingdom and New Zealand, have adopted polymer currency due to its durability and security features. These notes are generally more resistant to wear and tear, water damage and counterfeiting. Potential benefits It is believed that polymer notes can last significantly longer than …

FM Sitharaman says strong GST, credit growth reflect resilient Indian economy

FM Sitharaman says strong GST, credit growth reflect resilient Indian economy

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Finance Minister Nirmala Sitharaman said on Monday that India’s economy continues to show resilience amid global uncertainty, and came out strongly against attempts to paint a “pessimistic and cynical narrative” that presents an inaccurate picture of the country’s growth trajectory.  Addressing the SIDBI foundation day event here, FM Sitharaman pushed back against concerns around India’s economic trajectory. “India cannot afford fear mongering that damages public confidence,” she said, and criticised the “naysayers who decry the achievements of their own people.” Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Domestic production of oil, gas ramped up amid West Asia crisis: RBI governor| India News

Domestic production of oil, gas ramped up amid West Asia crisis: RBI governor| India News

Published by Parlour News

Mumbai, The current crisis in West Asia significantly impacts India, as the region accounts for approximately one-sixth of the country’s exports, half of its crude oil imports, and nearly two-fifths of the inward remittances, Reserve Bank of India Governor Sanjay Malhotra said. Domestic production of oil, gas ramped up amid West Asia crisis: RBI governor During his address at Princeton University on April 18, 2026, the governor highlighted that the Indian economy has demonstrated resilient growth over the past decade, supported by robust policy frameworks, financial stability, and sound fiscal policies. He noted that, in response to the ongoing crisis, India is increasing its domestic production of oil and gas. “Sources of imports are being diversified. While there is no shortage of oil, given the reserves maintained by us, there is some rationing of gas for industrial purposes,” he said. Malhotra emphasised that while oil marketing companies and the government have absorbed some of the price pressures in oil, a portion of the pressures on gas prices has been passed on to consumers. He pointed …

RBI projects low growth, high inflation amid West Asia conflict, in ‘wait-and-watch’ mode| India News

RBI projects low growth, high inflation amid West Asia conflict, in ‘wait-and-watch’ mode| India News

Published by Parlour News

The Reserve Bank of India’s (RBI) projections for growth and inflation suggest that the Indian economy, thanks to the war in West Asia, has gone from a Goldilocks — low-inflation and high-growth — environment towards potential stagflation — high-inflation and low-growth. With the situation still fluid, RBI has chosen to wait and watch rather than make tangible changes to the key policy tools at its disposal. (File Image) RBI now expects the Indian economy to grow at 6.9% in 2026-27 with risks tilted to the downside. In the current GDP series, which has annual GDP growth data till 2023-24, this is the lowest and the first sub-7% growth. Inflation projection for 2026-27 now stands at 4.6% and inflation risks for 2026-27, according to RBI, are tilted to the upside. ALSO READ | RBI holds repo rate at 5.25% in ‘cautious balancing act’ amid Iran war With the situation still fluid — it remains to be seen whether the two-week ceasefire in the US-Israel war on Iran announced early Wednesday morning holds and how long does …

Sensex, Nifty 50 set for gap-down open as Iran war delivers crude shock for India| Business News

Sensex, Nifty 50 set for gap-down open as Iran war delivers crude shock for India| Business News

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India’s stock market is likely to see a gap-down open on Monday as the Iran war is certain to deliver a crude shock for the world’s fourth largest economy. Expect elevated volatility amid global risk-off sentiment, analysts said. The National Stock Exchange building in Bandra Kurla Complex, Mumbai. The stock market is likely to move from earnings-driven to oil-driven trading in the near term. (HT) India’s oil marketing companies, including Indian Oil Corp. Ltd., as well as makers of paint, tyres and chemicals, are likely to come under margin pressure due to higher input costs. Upstream oil producers such as ONGC Ltd. and Oil India Ltd. may benefit from stronger realisations, while defence firms such as Bharat Electronics Ltd. and Hindustan Aeronautics Ltd. could see sentiment support. “The stock market is likely to move from earnings-driven to oil-driven trading in the near term,” JM Financial analysts Venkatesh Balasubramaniam, Shanay Mehta and Shalin Choksy wrote in a note on Sunday, “Crude remains the key macro variable for Indian equities under the current escalation scenario.” Every $1 …

‘Some Surprised About India’s Trade Deals With Developed World’: PM Modi At Rising Bharat Summit | India News

‘Some Surprised About India’s Trade Deals With Developed World’: PM Modi At Rising Bharat Summit | India News

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Last Updated:February 27, 2026, 20:45 IST Prime Minister Narendra Modi addressed the Rising Bharat Summit 2026 Prime Minister Narendra Modi Prime Minister Narendra Modi, speaking at the News18 Rising Bharat Summit on Friday, said India’s self-confidence was a key factor in the country inking trade deals with developed countries all over the world. First Published: February 27, 2026, 20:45 IST News india ‘Some Surprised About India’s Trade Deals With Developed World’: PM Modi At Rising Bharat Summit Disclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy. Read More Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Economic Survey: ‘Economic sobriety’ while ‘running the sprint and marathon together’ | Business News

Economic Survey: ‘Economic sobriety’ while ‘running the sprint and marathon together’ | Business News

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We must acknowledge the breadth and candid presentation of the state of the economy presented in the Economic Survey 2025-26. It introduces two interesting phrases that summarise the challenges facing India and the Indian monetary and fiscal authorities. The first phrase is ‘strategic sobriety’. The Survey reflects the core challenge facing India in a changing global order where there is resistance from existing heavyweight economies to accommodate the aspirations of rising economies that have achieved a scale that cannot be ignored. However, India, on the cusp of becoming the world’s third largest economy, also faces several internal and external challenges. The external challenges come from a continually disrupted world with ever-increasing geopolitical conflicts. An over-leveraged technology sector also poses challenges for the monetary authorities. The risk of contagion in the financial sector in the event of the high investments in AI not leading to efficiency returns on investment is making them nervous. Further, India’s manufacturing sector has not been able to keep pace with its growth ambitions owing to upstream protectionism impacting micro, small, and …

India At Cusp Of Historic Rise Despite Global Headwinds, Says Top PMO Official Shaktikanta Das | India News

India At Cusp Of Historic Rise Despite Global Headwinds, Says Top PMO Official Shaktikanta Das | India News

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Last Updated:January 09, 2026, 23:35 IST Shaktikanta Das highlighted India’s Atmanirbharta, resilience amid global trade shifts, and its journey from incredible India to credible India. Principal Secretary to the Prime Minister Shaktikanta Das. (File/PTI) Amid the looming threat of trade tariffs, a senior PMO official on Friday said India was on the cusp of a historic journey, buoyed by government policies and reforms that have put the country in a strong position. Delivering the inaugural Bibek Debroy Memorial Lecture, Shaktikanta Das, the principal secretary to the prime minister, said. At a time when the consensus that powered globalisation in past decades has frayed and multilateral cooperation has become harder to achieve, India has embraced Atmanirbharta, a vision of self-reliance, as the overarching principle of our policies. “Atmanirbharta is not being isolationist, but a strategy to build core competence and resilience. Economic Atmanirbharta means developing the capacity to produce critical goods and technologies at home and reducing over-reliance on foreign sources. Das, a former RBI governor, said a self-reliant economy, with strong domestic capabilities, gives greater …

India’s Exports Growing Despite US Tariff Hike: Commerce Ministry To Parliamentary Panel | India News

India’s Exports Growing Despite US Tariff Hike: Commerce Ministry To Parliamentary Panel | India News

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Last Updated:November 27, 2025, 22:14 IST The commerce ministry told the parliamentary panel that there has been an increase in outbound shipments during April-October as compared to the same period last year Opposition MPs expressed concern, noting that while India views the US as a key partner, the sanctions were unexpected. (Image: PTI/File) India’s exports have continued to grow despite the hike in tariffs imposed by the United States, the commerce ministry told a parliamentary panel on Thursday. According to the commerce ministry, there has been an increase in outbound shipments during April-October as compared to the same period last year. The parliamentary standing committee on commerce convened under chairperson and TMC’s Rajya Sabha MP Dola Sen to review India-US relations, focusing on recent US tariff hikes. Senior officials from the commerce ministry, including commerce secretary Rajesh Agarwal, provided a comprehensive presentation. Officials stressed that domestic production remains the Centre’s primary priority, highlighting its significant contribution to India’s economy over the export sector. Members from different parties questioned why a developing, welfare-oriented country like India …

India’s trade deficit widens to a record as exports show impact of US tariffs| Business News

India’s trade deficit widens to a record as exports show impact of US tariffs| Business News

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India’s trade deficit widened to a record in October 2025 as imports rose due to higher domestic demand after a cut in consumption tax, while exports fell due to US tariffs on the world’s fourth largest economy. India’s exports fell 11.8% year-on-year to $34.38 billion in October, while imports stood at $76.06 billion, rising 16.6% from the year-ago period. (Reuters) The gap between exports and imports stood at $41.68 billion last month, data released by the Ministry of Commerce and Industry showed on Monday. That compares with a $30 billion deficit forecast by economists in a Bloomberg survey. India’s trade deficit in September stood at $32.14 billion, partly on account of higher gold and oil imports. A higher deficit is likely to add further pressure on the rupee, which has been Asia’s second-worst performing currency this year, having shed 3.5% against the dollar. The currency has weakened due to foreign outflows from stocks and uncertainty around a trade deal with the US and has been around its record low of 88.8050 to a dollar since …