Tag Archives: Indian economy

Indian economy


India criticises China on ‘one-sided’ trade policies

Indian External Affairs Minister Subrahmanyam Jaishankar on Monday (Sept 9) criticised China for what he described as one-sided trade policies, casting doubt over the progress of negotiations for a pan-Asian free trade agreement


India extends $1 billion line of credit for development of Russia’s Far East; PM Modi vows to walk shoulder-to-shoulder with Moscow

India on Thursday announced an “unprecedented” USD 1 billion line of credit for the development of Russia’s Far East with Prime Minister Narendra Modi vowing that New Delhi will walk shoulder-to-shoulder with Moscow in its quest for the development of the resource-rich region

13 AUGUST 2019

India, Russia exchange MoUs in key areas

About 200 Russian companies, Investment Agencies and Funds took part from the Russian side

22 JULY 2019

India launches second lunar mission, aiming for Moon’s South Pole

India launched a bid to become a leading space power Monday, sending up a rocket to put a craft on the surface of the Moon in what it called a “historic day” for the nation

15 JULY 2019

India aborts Chandrayaan-2 Moon mission launch less than an hour before lift-off

With less than an hour before lift-off, India has aborted the launch of a spacecraft intended to land on the far side of the Moon

27 JUNE 2019

Trump asks India to withdraw ‘unacceptable’ tariff increase

US President Donald Trump has demanded India withdraw retaliatory tariffs imposed this month, calling the duties “unacceptable” in a stern message that signals trade ties between the two countries are fast deteriorating

20 JUNE 2019

US Warns India It Could Limit H-1B Visas for Indian Workers amid Trade Tensions – Reports

Ahead of a visit by US Secretary of State Mike Pompeo to New Delhi, the United States has reportedly warned India it will consider capping quotas for the widely popular H-1B work visas on nations pressuring American firms to store data locally in their territories

16 JUNE 2019

India’s retaliatory tariffs on US goods go into effect

India will impose higher retaliatory tariffs on 28 US products including almonds, apples, and walnuts from Sunday, following Washington’s withdrawal of key trade privileges for New Delhi

10 JUNE 2019

India Hopes to Capitalize on US-China Trade Friction

1 JUNE 2019

US President Donald Trump terminates preferential trade status for India

Washington accuses New Delhi of deploying a wide range of trade barriers that negatively affect US commerce. Media reports say that India could impose higher import duties on US goods in response to Trump’s latest move

15 MAY 2019

Narendra Modi’s performance on the Indian economy – five key policies assessed

Modi has had mixed successes in delivering on his promises. Here’s a breakdown of some of Modi’s key policies and how he has performed

17 APRIL 2019

Five million lost jobs in India between 2016 and 2018: Report

At least five million Indians lost their jobs between 2016 and 2018, and young urban men are being hit hardest, a Bengaluru-based private university said in a report on Tuesday (April 16)

6 APRIL 2019

Indian GDP to exceed more than seven percent over next 2 years

In its Asian Development Outlook (ADO) 2019, ADB projects gross domestic product (GDP) growth in India to rise to 7.2% in fiscal year 2019 and reach 7.3% in 2020, reversing two years of declining growth as reforms to improve the business and investment climate take effect

5 MARCH 2019

It’s official: India is Trump’s next target in the trade wars

After months of simmering trade tensions between the United States and India, President Trump is following through on his threat to punish India for being what he called “a very high-tariff nation.”

21 FEBRUARY 2019

Indian PM Narendra Modi on two-day South korea visit

Seoul: Prime Minister Narendra Modi arrived here Thursday on a two-day visit to strengthen India’s strategic ties with South Korea and seek to enhance bilateral cooperation in diverse areas, including trade and investment

29 NOVEMBER 2018

India successfully launches 31 satellites in space – including ‘Chhota Bheem’

The Indian Space Research Organisation (Isro) launched 31 satellites, including its first hyperspectral imaging satellite (HysIS), this morning from the Satish Dhawan Space Centre, Sriharikota in Andhra Pradesh

28 AUGUST 2018

Goods and Services Tax – how PM Modi transformed India’s economy

Last year, India introduced one of the biggest tax reforms in the country. Although experts say that the Goods and Services Tax (GST) has the potential to uplift the economy, its execution is still a work in progress

23 APRIL 2018

Indian economy and the ‘but what about?’ question

 “But what about?” is the favorite phrase for anyone in India who does not want to believe that there are severe structural problems with the Indian economy


The Distance Between Davos & Delhi

Finance Minister Arun Jaitley of India presented the country’s Union Budget for Fiscal 2018–2019 to Parliament on February 1, 2018. This is the last full budget of the Narendra Modi government ahead of the spring 2019 parliamentary election

25 JANUARY 2018

Modi and ASEAN leaders vow to push forward economic partnership

India and the Association of Southeast Asian Nations (ASEAN) leaders vowed Thursday to push forward the regional comprehensive economic partnership (RCEP)


10 JANUARY 2018

India Eases Rules to Lure Foreign Investors

Indian Prime Minister Narendra Modi eased restrictions on foreign direct investment across several sectors, including allowing overseas airlines to invest in state carrier Air India Ltd., in a bid to revive growth in Asia’s third largest economy

7 JANUARY 2017

The Indian diaspora a platform for stronger ties with ASEAN: Sushma Swaraj

India’s dialogue partnership with ASEAN has evolved into a strategic partnership and the Indian diaspora provides a platform for stronger ties with the grouping, External Affairs Minister Sushma Swaraj said on Sunday

26 DECEMBER 2017

India to overtake UK, France to become fifth-largest economy in 2018

Moving past the global economic powerhouses like the UK, Germany and France, the Indian economy would become the world’s fifth largest by 2018 – a major jump from its 10th rank currently, a report has said


Can India challenge China with new Iranian Chabahar Port?

A new India-sponsored port in southeastern Iran has the potential to flood Central Asia and Afghanistan with Indian goods. Pakistan is watching with concern and China may have a new economic rival in the region


8 things you need to know about India’s economy

India’s economic success in recent years has helped to ensure that South Asia is the fastest-growing region in the world – but it faces significant challenges alongside its opportunities for further growth


India is likely to overtake Japan and Germany to become the third largest economy

 British brokerage HSBC has released a new report that has claimed that in the next ten years, India is likely to overtake Japan and Germany to become the third largest economy in the world


Abe, Modi launch India’s first bullet train project

India on Thursday inched closer to its dream of getting a bullet train when Japan’s Prime Minister Shinzo Abe and his Indian counterpart, Narendra Modi, laid the foundation stone for the country’s first high-speed rail link based on Japan’s famed shinkansen technologygy

23 JULY 2017

25 years of ASEAN–India integration

2017 marks 25 years of ASEAN–India partnership. In 1992, India joined ASEAN as a sectoral partner, at a time when India was a relatively inward-looking economy. Today there are 30 dialogue mechanisms between India and ASEAN, including a summit and seven ministerial meetings in a wide range of sectors

1st JULY 2017

Indian PM Narendra Modi launches sweeping tax reform

India has introduced its biggest tax reform since gaining independence from Britain 70 years ago. The nationwide tax is expected to streamline business, but critics argue the country isn’t ready for the massive overhaul

23 JUNE 2017

India fires 31 satellites-carrying rocket into space

India fired a rocket carrying 31 small satellites into space on Friday, several of them for European countries looking for high resolution earth images, underlining its strength as a low-cost provider of services in space

5 JUNE 2017

India launches ‘monster’ rocket

India joined an elite club of nations launching a heavy satelitte, a club that includes only the USA, Russia, Europe, China and Japan

30 MAY 2017

Indian PM Modi tells Merkel India and Germany ‘made for one another’

At a press conference, the leaders of Germany and India have said that the countries’ relationship is of “international significance.” But ongoing talks are emphasizing how best to beef up business ties

17 MAY 2017

Indian cabinet approves plans to build 10 nuclear reactors

India’s cabinet approved plans on Wednesday (May 17) to build 10 nuclear reactors with a combined capacity of 7,000 megawatts (MW), more than the country’s entire current capacity, to try fast-track its domestic nuclear power programme

5 MAY 2017

India Launches South Asia ‘Diplomacy’ Satellite for Communication Services

India launched a ‘South Asia’ satellite on Friday to provide communication services to neighboring countries in a new initiative hailed by leaders of seven South Asian countries as a boost to regional cooperation

10 APRIL 2017

Australia says ready to supply uranium to India

Australia said Monday that it was ready to export uranium to India, nearly three years after the two countries signed an export deal for peaceful power generation

7 MARCH 2017

India’s Asian integration strategy

The Indian economy is experiencing rapid growth of between 7 and 8 per cent a year. To sustain that growth rate and for India to achieve its development potential, it must open up its economy and have a strong export sector. It may not be easy, but given the global trade slowdown and the paralysis of multilateral trade negotiations, India’s best bet is to seize those opportunities for integration closest to home

15 FEBRUARY 2017

India puts record 104 satellites into orbit

India successfully put a record 104 satellites from a single rocket into orbit on Wednesday in the latest triumph for its famously frugal space programme

22 DECEMBER 2016

Outshining a former colonial master: India’s economy to surpass Britain’s

India will soon overtake Britain to become world’s fifth largest economy, a “Forbes” magazine report has said. Economist Rajiv Biswas talks to DW about the impending milestone and the overall state of India’s economy

13 NOVEMBER 2016

Modi’s key aide blames poor planning for India’s currency crisis

A member of parliament and one of Prime Minister Narendra Modi’s top aides has blamed poor planning and execution by the government for the banknote crisis that has engulfed India, with tens of thousands of people queueing up outside banks and empty ATMs following New Delhi’s decision to replace large-denomination notes with new ones

11 NOVEMBER 2016

India, Japan sign ‘historic’ civil nuclear agreement

Japan and India signed a civilian nuclear cooperation pact on Friday, paving the way for Japan to export nuclear power equipment and technology to the fast-growing South Asian country in a deal with a non-member of the Nuclear Non-Proliferation Treaty

8 OCTOBER 2016

India takes the lead in BRICS

In recent years, India has been the brightest spot in the grouping and is currently one of the fastest growing economies in the world. Chairing the BRICS summit provides India with a good opportunity to drive its own agenda of increasing investment in its priority projects, especially in the infrastructure sector, and discussing trade barriers

2 OCTOBER 2016

India ratifies historic Paris climate change pact, but can it reduce CO2 emissions ?

India, the world’s third biggest carbon emitter, ratified the Paris agreement on climate change on Sunday (Oct 2) on the birthday of the country’s famously ascetic independence leader Mahatma Gandhi


India eyes strategic energy assets overseas

Seeking to enhance its strategic presence and secure energy sources, India is making major investments in the hydrocarbon sector abroad, with the latest being its acquisition of a substantial stake in a key Russian oil field

31 AUGUST 2016

Growth in India fails to meet expectations

India’s economic growth rate was up in the April-June quarter, but failed to meet expectations of the private sector. The Indian government announced on Wednesday that gross domestic product for the quarter expanded 7.1 percent from the figure for the same period of last year

23 JUIN 2016

Demystifying Indian growth

According to current IMF projections, India is now the fastest growing major economy in the world. In 2016, it is expected to grow over a full percentage point faster than China. This is a remarkable turnaround by any standard and especially impressive against the backdrop of a stagnant global economy

21 JUNE 2016

India unveils sweeping investment reforms

India has announced a broad relaxation of foreign direct investment (FDI) rules in a number of key sectors, including aviation and defense. The move is part of an effort to open up the country’s economy

2 MAY 2016

Thomas Piketty: ‘Indian inequality still hidden’

French economist Thomas Piketty says there is still a “huge” gap in data about income tax in India

26 MARCH 2016

India must waste no time Acting East

India is undoubtedly looking global. As it transitions to a leading regional power alongside China, it should make better use of its growing ties in the Asia Pacific to strengthen economic linkages. As the Vietnamese Ambassador to India Ton Sinh Thanh said recently, India not only has to act east, it must also act fast.

14 FEBRUARY 2016

Modi’s magic: Is India’s economic miracle a mirage?

Narendra Modi, who will celebrate his second anniversary as prime minister in May, has been responsible for much of the recent buzz around India’s economy. He has spent huge amounts of political capital trying to push common sense economic reforms through parliament


Will India’s economy live up to expectations?

Unlike other emerging economies, strong investor sentiment and the meltdown in crude oil prices bolstered India’s growth in the last financial year. Though the projected growth rate for 2016 shows a slight decline of 0.1 per cent, the World Bank predicts that India will grow by a robust 7.8 per cent this year and by 7.9 per cent in the next two years. This means India is shaping up to outpace China in the next three years.

India outpaces China in 2015 economic growth

India’s economy grew at an average rate of 7.5% in 2015, faster than the 6.9% growth in China, official figures show.


India ratifies pact on nuclear compensation

Five years after signing the Convention on Supplementary Compensation for Nuclear Damage (CSC), India ratified the convention on Thursday, the IAEA’s Office of Public Information and Communication reported from Vienna.

26 JANUARY 2016

Here are 19 deals signed between India-France during President Francois Hollande’s visit

France has announced an investment of $10 billion (Rs 67,540 crore) in India over the next five years, which will largely cater to the industrial sector in the country. Here are all of the deals that came out of the French President’s visit to India.

3 JANUARY 2016

 India will continue attracting foreign funds over the long term: Experts

Hopes of more reforms, coupled with lower commodity prices and rising consumer confidence, are expected to aid key Indian indices in 2016 to pare their losses in the year gone by

12 DECEMBER 2015

India, Japan sign agreements on nuclear energy, bullet train

India on Saturday signed landmark agreements on civil nuclear energy and bullet train technology with Japan, as Prime Minister Narendra Modi described visit of his Japanese counterpart Shinzo Abe “truly historic”


India’s rising power in Africa

In an attempt to boost trade and investment opportunities abroad, India has welcomed heads of state, policymakers, and businessmen from every country in Africa, marking the largest ever India-Africa summit