Indian Economy

India’s market regulator has increased scrutiny of deals by the Adani Group over the past year and will study a report by short-seller Hindenburg Research to add to its own ongoing initial investigation into the group’s foreign portfolio investors, as per two sources aware of the matter. On Wednesday, the …

Kashmir’s famed pashmina shawls, known for centuries for their intricate buta or paisley patterns, got a French touch this week. Artist Maximilien Pellet turned the fabric into a canvas for contemporary art forms at a Parisian exhibition, in a rare bid to cater to Western sensibilities. Mujtaba Qadri, owner of the label …

Data show that India, with nearly 18% of the world’s population, occupies about 2.4% of the total geographical area and consumes 4% of total water resources. A World Bank report says that India is the largest groundwater user. A rapidly growing economy and population are straining the country’s groundwater resources. …

News from Davos and Delhi in the third week of January has framed the moral and intellectual crises affecting Indian economic policies. In the first instance, speaking at a session at the World Economic Forum in Davos on India’s road to a $10 trillion economy, the Chairman of Tata Sons …

In the week ahead, Finance Minister Nirmala Sitharaman will present her fifth and this government’s last full-fledged Budget before the Lok Sabha election in 2024. Although some electoral overtures can be made in an interim Budget next year, the Bharatiya Janata Party-led government will also be mindful of the flurry …

The Tamil Nadu government has sanctioned ₹7.5 crore in equity investments to five start-ups that were founded and managed by entrepreneurs of the Scheduled Castes and the Scheduled Tribes. Chief Minister M.K.Stalin handed over the sanction orders on Friday in the presence of Minister for Finance and Human Resources Management …

The fact that the multipolar international system is fast unfolding is reinforced by clear trends in polycentric global geoeconomics. There is significant trade within the Global South; currency swap agreements; trade in national currencies bypassing the dollar; steps towards trading oil and gas in national currencies; the promotion of such …

Today is National Tourism Day (January 25) and the Ministry of Railways, in partnership with the Ministry of Tourism, is launching its Jagannath Yatra train package, an eight-day tour that begins in from Delhi, traverses Kashi, Baidyanath Dham, Jagannath Puri, Bhubaneshwar and Konark, and ends at the Vishnupad temple in …

Sustainable fashion has found its supporters in Tamil Nadu as well. A variety of leather products made with sustainable technology will be displayed at the Indian Finished Leather Manufacturers and Exporters Association (IFLMEA) on February 1. International participants from 15 countries will also take part. R. Vijayan, Chairman, IFLMEA, speaking …

E-commerce major Amazon on Monday launched Amazon Air, a dedicated air cargo service to enable faster deliveries to customers in Delhi, Mumbai, Bengaluru and Hyderabad. Quikjet Cargo Airlines, with whom it has partnered, will operate two Boeing 737-800 aircraft to transport customer shipments to the four cities, VP-Customer Fulfilment (APAC, …

India’s foreign trade data for the first eight months of 2022-23 have been significantly revised, with the import bill being scaled up or down by at least two billion dollars in each of those months, in comparison to the preliminary estimates issued by the Union Commerce Ministry. The total merchandise …

On January 20, foodtech delivery platform Swiggy announced that it was laying off 380 employees due to challenging macroeconomic conditions. In this article dated September 30, 2021, Sowmiya Ashok explains how the Indian public need to be more informed about the plight of gig workers, taking a leaf out of …

Tamil Nadu had an outstanding liability of about ₹4.73 lakh crore at the end of March 2022 on funds raised through the issue of bonds. About 32.4%, or about ₹1.53 lakh crore, of the outstanding amounts are coming up for repayment by 2026-27. To bridge the gap between its income …

The All-India Consumer Price Index Number for Agricultural Labourers (Base: 1986-87=100) for the month of December, 2022 remained stationary at 1167 (One thousand one hundred and sixty seven) points and for Rural Labourers increased by 1 point to stand at 1179 (One thousand one hundred and seventy nine) points. The …

December 2022 marked the steepest fall in two years for India’s goods exports, with products worth $34.5 billion shipped out — 12.2% lower than a year ago. This was the second time in three months that shipments dropped year-on-year and top Commerce Ministry officials sought to calm nerves by citing …

Nano fertilizers produced by IFFCO and dairy products from Amul will be among the first few products that are expected to be exported by the first-ever National Export Cooperative Society that was approved by the Union Cabinet on January 11. The society’s registration will be complete in the next few …

Snaking its way up the steep Coonoor slopes, the engineering marvel that is the more than 125-year-old Nilgiri Mountain Railway (NMR) line has become one of the primary drivers of tourism in the picturesque hill district of Udhagamandalam. One of the oldest mountain railway lines in India and among the …

In line with this year’s WEF theme, “Cooperation in a Fragmented World”, India has reiterated its position as a resilient economy with a strong leadership providing stable policy to the global investors at the World Economic Forum (WEF) at Davos. India’s focus areas at WEF this year are investment opportunities, …

The last month of 2022 capped a year dominated by high inflation headlines on a seemingly amiable note. The average price rise faced by consumers during December slipped to its lowest since November 2021 at 5.7%. Data released on Monday show that wholesale inflation also fell to a 22-month-nadir of …

India’s industrial output bounced back to post 7.1% growth in November 2022, after shrinking 4.2% in October as per revised estimates. The jump was aided by a base effect as November 2021 had clocked just 1% growth, but also marked a 6% uptick in output levels over October 2022, when …