Indian Economy: News
India's unemployment rate declines to 5.2% in July
India's unemployment rate has declined to 5.2% in July, down from 5.6% in June, according to the latest Monthly Bulletin of the Periodic Labour Force Survey (PLFS).
Trump's 50% tariffs could risk 3L Indian jobs, warn experts
Experts have warned that the recent tariff hike by US President Donald Trump on Indian imports could jeopardize nearly 300,000 jobs in India.
India's credit rating raised to 'BBB': What does it mean?
S&P Global, a leading credit ratings agency, has upgraded India's long-term unsolicited sovereign credit ratings from 'BBB-' to 'BBB.'
India set to become world's top consumer market: Morgan Stanley
India is on track to become the world's most sought-after consumer market, according to a new report by Morgan Stanley.
India's wholesale inflation hits 25-month low of -0.58% in July
India's wholesale inflation rate has eased month-over-month, falling to -0.58% in July from -0.13% in June.
India's retail inflation drops to 8-year low at 1.55%
India's retail inflation has dropped to an eight-year low of 1.55% in July, official data released on Tuesday showed.
India's services sector rises to 11-month high in July
India's services sector has witnessed a major surge, hitting an 11-month high in July. The growth is mainly attributed to strong international demand and continued domestic sales.
India Inc's revenue growth slows to 4-6% in Q1 FY26
India's corporate sector witnessed a slowdown in revenue growth, posting a modest increase of 4-6% year-on-year in the first quarter of fiscal 2026.
India's services sector grows at fastest pace in 10 months
India's services sector witnessed its strongest growth in the last 10 months in June, driven by strong demand and easing price pressures.
India's manufacturing growth hits 14-month high on robust demand
India's manufacturing sector has witnessed a major boost, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) hitting a 14-month high of 58.4 in June.
India's industrial output slows to 9-month low: Here's why
India's industrial output expanded by just 1.2% in May, marking the slowest growth in nine months, according to official data released Monday.
India's digital consumer market to surpass $1 trillion by 2030
India's digital consumer market is expected to surpass the $1 trillion mark by 2030, a new report from Bessemer Venture Partners has said.
India's core sector growth declines to 9-month low in May
The output of India's eight core infrastructure sectors—which together make up about 40% of the country's industrial production—rose by just 0.7% year-on-year in May.
India's services sector hits 3-month high on strong demand
India's services sector activity has witnessed a significant upswing, hitting a three-month high of 58.8 in May.
India's Q4 GDP hits 7.4%—but FY25 growth at 4-year low
India's economy grew at a four-quarter high of 7.4% in the January-March period, government data released on Friday showed.
India to outpace global economies with 6.5% growth in FY26
India is set to retain its status as the world's fastest-growing major economy in FY26, according to the Reserve Bank of India's (RBI) annual report.
Wholesale inflation in India declines to 0.85%—lowest in 13 months
India's wholesale inflation rate for April has hit a 13-month low, partially due to moderating food prices.
India to surpass Japan as fourth-largest economy this year: IMF
India is set to overtake Japan as the world's fourth-largest economy later this year, data from the International Monetary Fund (IMF) shows.
Without 8M jobs a year, India may miss 2047 goal
India needs to create at least eight million jobs annually in the next decade or so, to achieve its goal of becoming a developed nation by 2047.
India's retail inflation in March hits 5-year low of 3.3%
India's retail inflation rate plunged to 3.34% in March, its lowest since September 2019.
India's trade deficit widens to $21.5B as Trump's tariff loom
India's trade deficit for March has widened to $21.54 billion, exceeding the $16 billion mark anticipated by economists, according to a Reuters poll.
India's diesel demand hits 4-year low—Here's why
India's diesel demand growth has hit its slowest since the pandemic, with a meager 2% rise in FY2024-25.
India's diamond exports plunge to 20-year low—Here's why
India's exports of cut and polished diamonds have hit a 20-year low in the 2024-25 fiscal year, ending in March.
Trump's tariffs: 26% duty on India kicks-in amid global uncertainty
The 26% import tariff on Indian goods, introduced under US President Donald Trump's expansive trade agenda, officially came into effect today.
India's manufacturing activity hits 8-month high in March
India's manufacturing sector witnessed a strong rebound in March, with the HSBC India Manufacturing Purchasing Managers's Index (PMI) hitting an eight-month high of 58.1.
India's retail inflation cools to 7-month low of 3.6%
India's retail inflation fell to a seven-month low of 3.61% in February, government data released on Wednesday showed.
Service sector drives India's growth but manufacturing shows weakness
India's service sector improved considerably in February, with the activity index climbing to 59 from January's 56.5, as per HSBC India Manufacturing Purchasing Managers' Index.
India's manufacturing sector growth falls to 14-month low in February
India's manufacturing sector slowed down in February, recording the weakest growth in over a year.
India's Q3 GDP growth hits 6.2%, FY25 forecast at 6.5%
India's economy grew by 6.2% year-on-year in the third quarter (Q3) of the current fiscal year (FY25), government data released on Friday showed.
India's 2047 vision: 8-10% growth needed to achieve developed status
India needs to grow at an annual rate of 8-10% to become a developed economy with a GDP of $23-$35 trillion by 2047, a report by Bain & Company has said.
India's youth unemployment rate stands at nearly 16% in Q3
India's youth unemployment rate continued to be high at 15.9% in the third quarter of the year, according to the latest report by the Ministry of Statistics and Programme Implementation.
India's wholesale inflation eases to 2.31% in January
India's wholesale inflation saw a marginal decline in January, falling to 2.31% from December's 2.37%, as per government data released today.
India's January inflation cools to 4.31% as food prices moderate
India's retail inflation has witnessed a sharp decline, dropping to 4.31% in January from 5.22% in December last year.
India's factory activity in January hits 6-month high
India's factory activity witnessed a major spike in January 2025, recording the fastest growth rate in six months.
India's creator economy triples in 5 years—fashion, gaming influencers lead
India's creator economy has seen a major growth in the last five years, with the number of influencers growing to over four million from under a million in 2020.
India stares at slowdown—Economic Survey pegs FY26 GDP below 7%
The Economic Survey 2024-25 projected India's real Gross Domestic Product (GDP) growth for FY26 at 6.3%-6.8%.
India's business activity hits 14-month low in January
India's business activity recorded its slowest growth rate in over a year, as per the HSBC Flash India Composite Purchasing Managers Index (PMI) conducted by S&P Global showed.
India's wholesale inflation rises in December, food inflation nears 9%
India's wholesale inflation, measured by the Wholesale Price Index (WPI), increased to 2.37% in December from 1.89% in November, despite a marginal change in food prices.
Indian fintech start-ups raised $1.9B in 2024, down 32% YoY
Indian fintech start-ups raised a total of $1.9 billion in funding last year, according to Tracxn's annual Fintech Report.
Indian rupee weakens to lifetime low of 86.2 per USD
The Indian rupee opened at a record low of 86.20 against the US dollar, depreciating five paise from its previous close.