BUSINESS
Consumption Surge in India Driven by GST 2.0, Growing Rural Incomes, and Falling Inflation: Report
As per numbers put together by Wright Research, an investment manager on smallcase, India's consumption cycle—which has been languid over the last couple of years—has bottomed out and is now headed upwards.
Morgan Stanley Raises India’s GDP Forecast, Sees GST Cut Boosting Demand
“We expect impending GST tax cuts, the upcoming festive season and strong trends in rural demand to provide a fillip to domestic demand. As such, we expect the composition of growth to change with public spending softening, external demand weakening (mainly goods exports) and private sector demand picking up,” the report said.
Indian Markets Surge on Strong Q1 GDP and Positive SCO Summit Developments
Investor sentiment was boosted by the surprise Q1 FY26 GDP growth of 7.8 per cent, in the face of global uncertainties.
India Cuts US Treasury Bill Holdings; Gold Gains Appeal in Forex Reserves, Remains a Top 20 Investor
US Department of Treasury and RBI data in recent times show that India's central bank is looking more towards gold compared to US Treasury bills, as part of a general global pattern of diversifying reserves away from dollar-based instruments.
India’s Manufacturing PMI Reaches New Peak in August on Strong Production Growth
Statistics from S&P Global saw that this PMI reading was the quickest growth in operating conditions in 17 and a half years. Most of this was fueled by domestic demand, with factories crediting growth to effective advertising campaigns.
Sensex Rises 335 Points, Nifty Crosses 24,500 Led by IT Stocks Rally
A US court judgement, which held most of President Donald Trump's tariffs to be illegal but also permitted them to stay in effect through mid-October, and better-than-expected GDP data for June quarter boosted investor sentiment.
India to Rise as World’s 3rd-Largest Economy by 2030, GDP to Hit $7.3 Trillion: Govt
"India is projected to reach a GDP of Rs 4,26,45,000 crore ($5 trillion) by 2027 and is on course to surpass Germany by 2028. By 2030, India is set to become the world’s third-largest economy with a projected GDP of $7.3 trillion," the government said.
India Emerges as Ukraine’s Leading Diesel Supplier as US Imposes Tariffs on Russian Crude
It comes as the US accused India of indirectly supporting Russia's war effort against Ukraine by its buying of Russian crude.
India’s Air Travel Set to Soar 50% to 600 Million Passengers by FY30: Report
"This will create an exponential growth in aeronautical revenue, underpinned by both higher numbers of passengers and enhanced per-passenger expenditure," the report by Knight Frank added.
50% Tariffs On India As Trump Could Not Mediate India-Pakistan Conflict, claims Jefferies
The report said these abnormally high tariffs were a "consequence" of Trump's "personal pique" and that he had apparently hoped to intervene during the May skirmish between the two South Asian nuclear powers.
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