Industry representatives said the announcements made during Modi's address could help boost investment, employment, innovation and manufacturing, while strengthening India's position as a self-reliant and globally competitive economy.
RBI moves swap deadline up by five weeks as scheme nears $57 billion mark, with SBI Research pencilling in $80-85 billion by close.
The WPI has been on an upward trajectory since the beginning of this fiscal as the West Asia war and the resultant blockade of the Strait of Hormuz, through which the majority of crude oil is imported into India.
The increase in CPI was led by food inflation, which rose to 5.2% in line with expectations. On a month-on-month basis, headline inflation increased 0.9%, with food prices rising 2%, while fuel prices declined.
Parliamentary panel urges early India-US trade deal and measures to shield exporters from higher tariffs
The government has approved field trials for one billion polymer Rs 10 and Rs 20 banknotes, with potential regular issuance after successful evaluation, the Finance Minister informed Parliament.
Share of FTA partner nations in India's exports rises to 33.4%; government says trade pact utilisation continues to strengthe
Kevin Warsh has not delivered the rate cuts Donald Trump once demanded, but the Fed chair's plans to reshape policymaking, communication and the central bank's role suggest Trump may have secured something more consequential.
The RBI is widely expected to keep the repo rate at 5.25%, shifting attention to its inflation outlook, signals on future rate increases, the rupee and liquidity.
India's services PMI fell to 53.3 in July from 57.4 in June, while the Composite PMI dropped to its lowest level since March 2022 as growth in new business weakened.
