Indian Economy - Angel One - Page 411

In a significant move to strengthen India’s mineral supply chain, the country has entered into a formal partnership with Argentina to boost cooperation in lithium exploration and development. Given Argentina’s vast lithium reserves, this collaboration is crucial for India’s push towards clean energy and electric mobility.  The agreement underscores India’s commitment to securing critical raw …

India’s economy is showing steady growth, with real GDP expected to rise by 6.4% in FY25, supported by strong agricultural and service sectors. Fiscal discipline, a trade surplus in services, and growing remittances have contributed to economic stability, as highlighted in the Economic Survey 2024-25. The government’s fiscal policies and monetary strategies are now focused …

On Wednesday, February 19, SBI Economists, released a report on the Indian economy, wherein India’s GDP growth for Q3 FY25 (October-December) of FY2024-25 is expected to be between 6.2% and 6.3%. This growth is driven by strong demand, capital expenditure trends, and improved financial performance in Indian companies. The SBI report suggests that the dip …

After years of anticipation, the electric vehicle (EV) giant Tesla is finally gearing up to enter the Indian market. Known for its cutting-edge technology, innovative designs, and luxurious electric vehicles, Tesla’s arrival is set to shake up India’s growing EV sector. According to sources close to the matter, Tesla is preparing to open its first …

February 18, 2025, saw the 3rd anniversary of the India-UAE Comprehensive Economic Partnership Agreement (CEPA). Signed on February 18, 2022, during a virtual summit between India’s Prime Minister Shri Narendra Modi and the UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the agreement came into force on 1st May 2022. The bilateral merchandise …

Defence Secretary Rajesh Kumar Singh has announced that India’s defence budget will increase by 9.5% in 2025-26, reaching ₹6.81 trillion, up from ₹6.21 trillion in the current year. Focus on Modernisation and Domestic Procurement Singh highlighted that India plans to spend $30 billion annually over the next decade to modernise its defence forces. Of this …

In January 2025, diamond exports fell due to economic instability and tariff threats, while gold jewellery exports grew by 20.48%. With economic uncertainty pushing consumers to invest in gold as a safe-haven asset, diamonds faced subdued demand, particularly in major markets. Diamond Exports and Imports Decline In January 2025, gems and jewellery exports dropped by …

India’s trade deficit expanded to $22.9 billion in January, up from $21.94 billion in December, driven by high imports amid a weak rupee. Exports grew by 1.39% during April-January, while imports surged by 7.43%, according to provisional data released by Commerce Ministry on February 17. Rising Imports and Revised December Figures India’s trade deficit expanded …

The USD/INR exchange rate exhibited fluctuations this week, reflecting a mix of market factors. Starting at 87.469 on February 10, 2025, the pair saw a 0.17% decline, trading at 86.84 on February 14, 2025, as of 3:12 PM. The highest level recorded during the week was 87.997, while the lowest touched 86.327. The fluctuations are …

On Thursday, February 13, 2025, Finance Minister Nirmala Sitharaman presented the new Income Tax Bill, 2025, in the Lok Sabha as part of efforts to reform the tax system. The new Income Tax Bill aims to simplify and streamline provisions to enhance clarity and reduce the potential for legal disputes. This new legislation will replace …