India’s economic rise signals global power shift

India has now surpassed Japan to become the world’s fourth-largest economy in nominal GDP, with a GDP of $4.18 trillion, according to the government’s year-end economic review.The country is poised to overtake Germany within the next 2.5 to...

India poised to be 3rd largest economy by 2030: S&P

India is poised to be the third largest global economy by 2030 but rising population presents mounting challenges in basic service coverage and growing investment needs to maintain productivity, S&P Global Ratings said.

Days before he comes calling on India and PM Narendra Modi, Elon Musk’s satcom venture Starlink has been given an in-principle approval from the telecom ministry. The file now lies at the desk of communications minister Ashwini Vaishnaw, who...

Apple assembled $14 billion worth of iPhones in India last financial year, doubling production in the country in what could be seen as a diversification in manufacturing beyond China. Apple now makes as much as 14% or about 1 in 7 of its marquee...

The Asian Development Bank raised India’s growth forecast for the current year to 7%, from 6.7% earlier, citing strengthening investment and improving consumption demand in the country, and pegged next year’s expansion at 7.2%. It also estimated...

The Reserve Bank of India (RBI) kept its key lending rate unchanged at 6.5% for the seventh consecutive time. The decision was taken by a 5:1 majority at the bi-monthly Monetary Policy Committee (MPC) meeting, said RBI Governor Shaktikanta Das....

The World Bank forecasts India's output growth to reach 7.5 per cent in FY24, driven by resilient activity in services and industry. However, growth is expected to moderate to 6.6 per cent over the medium term. The expected slowdown mainly reflects...



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