A summary of the current Indian economy's landscape, detailing its strengths, including a young workforce, strong service sector, and market growth, alongside weaknesses like low R&D funding, high import dependence on China,

IMF Director Kristalina Georgieva said that India stands out as one of the fastest-growing economies in the world and continues to make a major contribution to global growth because of its consistent reform efforts.

India's GST was simplified to a two-rate structure of 5% and 18%, instead of the current four slabs. An additonal 40% tax on "super luxury" and "sin" goods was also introduced. The tax cuts are " definitely going to boost consumption," Maulik Manankiwala ...

After registering 8.2 percent growth in 2023-24, the Indian economy grew by 5.4 percent in the second quarter of the current fiscal year (July-September 2024). This was the slowest growth in six quarters, almost 3 percentage points slower than the ...

India's economy is expected to recover early next year from recession, but at a modest pace, according to a majority of economists in a Reuters poll who said their upgraded growth predictions were based on the progress of COVID-19 vaccines.

India is exploring the expansion of its existing Preferential Trade Agreement (PTA) with the Brazil-led MERCOSUR bloc, rather than moving immediately to a full Free Trade Agreement (FTA). The expansion could increase tariff lines from the current 450 to 4,

New Delhi: India’s unemployment rate for those aged 15 years and above increased marginally to 5.2% in September from 5.1% in August owing to a rise in joblessness in both rural and urban areas.