New Delhi, May 28 (KNN) The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the continuation of the ‘Scheme for Assistance in Ration Transport and Handling-Income with Automation in PDS’ (SARTHAK-PDS) as an umbrella scheme during the 16th Finance Commission award period with a centralContinue Reading
New Delhi, Jun 23 (KNN) Uncertainties surrounding the interim U.S.-Iran peace agreement continue to pose risks to the global economy and could impact India through trade, commodity prices, capital flows and cost pressures, according to the June edition of the Reserve Bank of India’s (RBI) Bulletin. In its State ofContinue Reading
New Delhi, Apr 9 (KNN) The World Bank has revised India’s GDP growth projection for FY27 upward to 6.6 percent in its latest South Asia Economic Update, from an earlier estimate of 6.3 percent, reaffirming the country’s position as the fastest-growing major economy globally. Growth Outlook Remains Strong DespiteContinue Reading
New Delhi, Apr 16 (KNN) India slipped to become the world’s sixth-largest economy in 2025, dropping one rank from the previous year, according to the latest data from the International Monetary Fund, even as the country continued to record one of the fastest growth rates among major economies. GDP ComparisonContinue Reading
New Delhi, May 6 (KNN) A prolonged conflict in West Asia, leading to shipping disruptions and higher energy prices, could significantly impact India’s economic growth and potentially pull GDP expansion below 6.5 per cent, according to Confederation of Indian Industry (CII) President Rajiv Memani. He noted that the ongoing energyContinue Reading
New Delhi, May 19 (KNN) Investment Information and Credit Rating Agency (ICRA) has projected India’s year-on-year GDP growth to ease to a three-quarter low of 7.0 percent in Q4 FY26, down from 7.8 percent in Q3 FY26, amid slower expansion in the industrial and services sectors and disruptions linked toContinue Reading
New Delhi, May 29 (KNN) State Bank of India’s (SBI) Chairman Challa Sreenivasulu Setty has cautioned that while India’s macroeconomic foundations remain sound, the spillover effects of the Gulf conflict could weigh on growth and reignite inflationary pressures in the year ahead. In his message to shareholders, Setty said, “TheContinue Reading
