Economy

Union Agriculture Minister Shivraj Singh Chouhan

Updated : Jul 6, 2025

'India won't come under pressure, farmers' interests first': After Goyal, Shivraj spells out stand on US trade deal

Commerce Minister Piyush Goyal also underscored this stance, saying India refuses to be rushed into trade deals. "An FTA should be a win-win. India never negotiates trade deals based on deadlines."

Updated : Jul 5, 2025

'India negotiates from a position of strength, we're self confident': Piyush Goyal

India is setting its sights on surpassing $870 billion in exports in 2025, up from $825 billion in 2024-25, driven by new free trade agreements and robust investments across key sectors.

Aadhaar has become the backbone of India’s digital identity infrastructure, with more than 142 crore Aadhaar cards issued by July 2025.

Updated : Jul 5, 2025

India ranks as the world’s 4th most equal society, says World Bank report

India has emerged as the world’s fourth most equal society, with a Gini Index of 25.5, outpacing all G7 and G20 nations, according to the World Bank. This remarkable progress reflects significant poverty reduction and targeted government welfare schemes. As India balances rapid economic growth with social equity, its model offers lessons for the world.

Both sides are working to finalise an interim trade before July 8.

Updated : Jul 5, 2025

India-US bilateral trade pact awaits Donald Trump’s nod after USTR green light: Report

The India-US Bilateral Trade Agreement (BTA) has moved a step closer to fruition after winning approval from US Trade Representative Jamieson Greer, leaving only President Donald Trump’s final sign-off pending.

“There is a size of city that is ‘optimal,’” Vembu said, pegging it between 100,000 and 250,000 residents—what most would still call “towns.”

Updated : Jul 5, 2025

'Big cities make no sense beyond 250K': Sridhar Vembu says India must rethink mega-city push

Vembu pointed to Tokyo’s example—where attempts to keep up with infrastructure for over 34 million people led to “extreme public debt and extremely poor demographics.”

Piyush Goyal said while India is open to pursuing fair and balanced trade deals with developed nations, it will not compromise on its fundamental interests.

Updated : Jul 4, 2025

'No deadlines, just national interest: Piyush Goyal stresses on 'win-win' FTAs as talks continue

Addressing reporters, Goyal said that negotiations are actively underway with several global partners, including the United States and the European Union.

Updated : Jul 4, 2025

Countdown to July 9: Indian trade team returns from US, deal progress awaited

The discussions, which took place from 26 June to 2 July, are crucial as they coincide with the upcoming expiration of the suspension of reciprocal tariffs imposed by the US.

Donald Trump plans to send tariff rate letters to countries from Friday

Updated : Jul 4, 2025

‘How many deals can you make?’: Trump plans to send letters on tariff rates from Friday

Trump tariffs: This announcement comes ahead of the July 9 deadline that was set by the Trump administration to broker deals with certain countries after the announcement of the reciprocal tariffs.

Back in 2000, China held just 3% of global wealth. Today, it commands 18.6%, second only to the U.S

Updated : Jul 3, 2025

'China’s median wealth is 7x India’s': Analyst says the global race isn’t even close

Total wealth figures expose the chasm. China now holds $84.5 trillion in assets, more than 5.5 times India’s $15.4 trillion. The U.S. still leads at $139.9 trillion, while Japan sits at $22.6 trillion.

A social security agreement lets skilled workers abroad pay contributions only in their home country, avoiding double payments.

Updated : Jul 2, 2025

India pushes for social security agreements in all FTA negotiations, including deal with the US

Move after ILO data shows India’s social security coverage at over 64%

The proposal under discussion would either shift a majority of these goods to the 5% slab or eliminate the 12% slab entirely

Updated : Jul 2, 2025

GST revamp may slash daily-use goods tax from 12% to 5%, major relief likely this month

According to sources, the Centre is seriously considering a restructuring of Goods and Services Tax (GST) rates, particularly aimed at easing the burden on essential goods used by average Indian households

The GST Council had formed a group of ministers in 2021 to examine possible rate changes, but progress has been slow due to lack of consensus among states.

Updated : Jul 2, 2025

Major GST change coming? Govt restarts overhaul talks, 3-tier structure on the table

This could translate to a new GST structure with three slabs—potentially set at 8%, 16%, and 24%, or alternatively at 9%, 18%, and 27%—depending on how the revised framework is finalized.

While India’s economy booms on paper, the benefits are largely confined to a narrow class.

Updated : Jul 2, 2025

'India’s richest now richer than colonisers': Analyst slams rigged economic system

The numbers are blunt: the top 10% earn 57.7% of India’s national income, while the bottom 50% own a mere sliver of the pie.

Employment-linked incentive: India Inc. awaits the fine print

Updated : Jul 1, 2025

ELI schemes to give a boost to formal sector jobs, first time job seekers

The Union Cabinet has approved the ₹1 lakh crore Employment-Linked Incentive (ELI) scheme, targeting the creation of over 3.5 crore jobs with a strong emphasis on boosting the manufacturing sector. The ambitious initiative offers incentives for both first-time employees and employers, aiming to stimulate employment across diverse industries and strengthen India’s economic growth.

India is seeking duty concessions for a range of labour-intensive sectors, including textiles, garments, gems and jewellery, leather goods, plastics, chemicals, shrimp, oilseeds, grapes, and bananas.

Updated : Jul 1, 2025

India-US trade talks hit deadlock over agriculture, govt firm on dairy

Special Secretary Rajesh Agarwal, who is leading the Indian delegation in Washington, has extended his stay by another day in an attempt to break the impasse.

Exporters not facing any challenges on orders, some frontloading of shipments

Updated : Jul 1, 2025

Hopes for India-US trade deal on, last ditch solution may be a pact for some goods

For now, a possible solution could be to cover some goods and services or only some goods of common interest such as labour-intensive goods including garments, leather, gems and jewellery from India while keeping other goods outside the ambit of the talks.

In the U.S., where national debt has ballooned to $36 trillion, nearly 70% of it is held domestically. Foreign holders—led by Japan and China—own the rest.

Updated : Jul 1, 2025

'Governments are just as addicted': IIM alumnus warns your savings could trigger the next crisis

Governments borrow to spend on salaries, infrastructure, and subsidies. Citizens earn, save, and invest—often in government bonds. That, in turn, enables more borrowing. The loop continues.

Updated : Jun 30, 2025

India, US set to seal interim trade deal before July 8 amid tariff deadline pressure

India and the US have finalised terms for an interim trade agreement, with an official announcement expected before July 8, ahead of a looming US tariff deadline. The deal is set to cover critical sectors such as agriculture and automobiles, aiming to ease trade tensions and boost economic ties between the two nations.

MSMEs expressed concern about multiple and overlapping proceedings between central and state authorities, which increase compliance costs and drain bandwidth.

Updated : Jun 30, 2025

'Industry finds GST beneficial, but calls for clarity, stronger dispute resolution': Report

Eight years into GST, Indian businesses applaud its benefits but remain anxious about legal clarity and dispute resolution. A Deloitte survey shows industry leaders pushing for reforms to simplify processes, accelerate refunds, and reduce litigation risks.

Geneva, Zurich, San Francisco, and Luxembourg continue to dominate the top four spots in net salary rankings.

Updated : Jun 30, 2025

Delhi paychecks still tiny compared to global cities like Geneva, Zurich, Deutsche Bank report show

Delhi may be India’s bustling capital, but its paychecks are nowhere close to those in global heavyweights like Geneva and Zurich. According to Deutsche Bank’s latest report, the average net salary in Delhi is just a fraction of what workers earn in top-ranked cities worldwide.

$There was a marked difference in average per capita per day calorie intake in the top 5% and bottom 5% fractile classes of MPCE$

Updated : Jun 30, 2025

Indians eating better as consumption expenditure rises: NSO report

Average per capita per day nutritional intake almost similar in urban and rural areas, but over 10% of households consume less than 1,860 kcal per day per consumer unit

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Economy

'India won't come under pressure, farmers' interests first': After Goyal, Shivraj spells out stand on US trade deal

'India negotiates from a position of strength, we're self confident': Piyush Goyal

India ranks as the world’s 4th most equal society, says World Bank report

India-US bilateral trade pact awaits Donald Trump’s nod after USTR green light: Report

'Big cities make no sense beyond 250K': Sridhar Vembu says India must rethink mega-city push

'No deadlines, just national interest: Piyush Goyal stresses on 'win-win' FTAs as talks continue

Countdown to July 9: Indian trade team returns from US, deal progress awaited

‘How many deals can you make?’: Trump plans to send letters on tariff rates from Friday

'China’s median wealth is 7x India’s': Analyst says the global race isn’t even close

India pushes for social security agreements in all FTA negotiations, including deal with the US

GST revamp may slash daily-use goods tax from 12% to 5%, major relief likely this month

Major GST change coming? Govt restarts overhaul talks, 3-tier structure on the table

'India’s richest now richer than colonisers': Analyst slams rigged economic system

ELI schemes to give a boost to formal sector jobs, first time job seekers

India-US trade talks hit deadlock over agriculture, govt firm on dairy

Hopes for India-US trade deal on, last ditch solution may be a pact for some goods

'Governments are just as addicted': IIM alumnus warns your savings could trigger the next crisis

India, US set to seal interim trade deal before July 8 amid tariff deadline pressure

'Industry finds GST beneficial, but calls for clarity, stronger dispute resolution': Report

Delhi paychecks still tiny compared to global cities like Geneva, Zurich, Deutsche Bank report show

Indians eating better as consumption expenditure rises: NSO report

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