Economy

AI is splitting into two competing blocs as China controls critical minerals while the West dominates chips and AI technology. Here's what it means for India.

Mishra said the FCNR (B) are relatively cheap source of capital and can be rolled out again if global financing conditions remain unfavourable.

Barclays, in its report, said the liquidity surplus is substantially above the RBI's preferred level of around Rs 2.7 lakh crore and expects more liquidity absorption measures in the coming months.

According to Mishra, India's rapid growth and high degree of informality make it necessary to periodically revise the GDP series.

The gap in goods and services trade grew 24.4% from the prior month to $88.6 billion.

The government has directed all departments to take note of the revised object heads while preparing their budget estimates for 2027-28.

Goyal stated that the nine FTAs that the central government executed from 2021 to 2026 will provide India access to two-thirds of the world's trade.

The agreement creates a framework for military exchanges, training, research and defence-industrial partnerships as India and Belgium deepen strategic ties.

Prices have risen nearly 40% over the past year as per recent data, and Abhi Eggs, a branded egg producer, expects a further 15-20% rise in input costs by December.

The US side attributed the impasse to disagreements on language spanning issues from critical minerals to debt restructuring.

The Transport Secy highlighted the complexities of a changing powertrain and fuel mix. While the auto industry has been deliberating on these shifts internally, the government is actively engaging in dialogues to support the transition and build a consensus.

Speaking at the National Workshop on Leveraging FTAs, Goyal said India's tariff rates under trade agreements would have to be either better than those available to competitors or reduced to zero.

Bharat NCAP offers testing at a 75% lower cost compared to international alternatives. This price advantage has led many foreign automobile companies to send their vehicles to India specifically for safety testing and certification.

World Bank India ED rejects Subhash Chandra Garg's claim that nominal GDP growth is below 2.5%, says the base revision was flagged as far back as March

The remarks come amid an ongoing back-and-forth between the government and Opposition parties over the interpretation of recent GDP data.

Brent crude traded near $95 a barrel after climbing more than 8% over the previous three sessions. West Texas Intermediate was below $91.

Punjab tells Supreme Court clearing Rs 14,191 crore in DA dues within 14 days is constitutionally impossible

India’s CSR spending has crossed Rs 40,000 crore, with CII calling for faster execution and stronger impact assessment.

Ghosh emphasised that the correct comparison to estimate accurate GDP would be Rs 88.3 lakh crore of the latest quarter with the revised figure of Rs 80.4 lakh crore from the corresponding quarter a year ago.

Presently, China is at the top with installed wind energy capacity nearing 700 GW, followed by the US at over 160 GW.