Economy News ( English version)

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  • Consumption sustaining growth; predictable support essential for GDP expansion: FM April 24, 2026
    Union Finance Minister Nirmala Sitharaman highlighted that domestic consumption is driving India's economic growth, emphasizing the need for predictable policy support to maintain this momentum. She also indicated that a committee is reviewing open architecture for banks selling third-party products and urged a focus on customer connect amidst digitaliz […]
  • GST Council should consider lowering tax on household insecticides to 5 pc: EY-HICA report April 24, 2026
    A new report recommends lowering the Goods and Services Tax on household insecticides. The current 18 percent rate could be reduced to 5 percent. This change aims to make these products more affordable and accessible. Such a move would help combat vector-borne diseases across India. It would also strengthen the nation's preventive healthcare system. […]
  • India growth expected at 6.5% as country 'most directly impacted' by West Asia crisis: Gita Gopinath April 24, 2026
    India's economy is projected to grow at 6.5% this year, says Former IMF Deputy Managing Director Gita Gopinath to ET NOW. Global risks, particularly from West Asia, are impacting growth. Inflation is currently managed as companies absorb costs, but this may not last. Food prices could rise if disruptions continue. Central banks might delay interest rate […]
  • Forecast for strong El Nino fans worries about global crops as Iran war bites April 24, 2026
    A strong El Nino is expected in the second half of 2026. This will bring hotter, drier weather to Asia. Crops and food supplies will be affected. Farmers face fertiliser shortages and high fuel costs. India anticipates below-average monsoon rains. Southeast Asia's palm oil and rice production may decline. China could see increased flooding risk.
  • India approves Rs 30 billion for Maldives under SAARC currency swap April 24, 2026
    India has approved a Rs 30 billion currency swap for the Maldives. This reaffirms New Delhi's role as a key financial partner. The Maldives also settled a previous $400 million swap. This facility will support economic stability amid regional challenges. India's support strengthens ties and regional financial cooperation.

 

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