Economy News ( English version)

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  • Cabinet clears Rs 7,280 cr rare earth magnet manufacturing scheme November 26, 2025
    The Union Cabinet on Wednesday approved a ₹7,280-crore incentive scheme to build domestic capacity for rare earth magnets and cut India’s reliance on China. The seven-year programme aims to create 6,000 metric tonnes of annual magnet manufacturing capacity, with five integrated units of 1,200 tonnes each targeted within three years.
  • India must aim to become world's manufacturing hub, industry leaders say November 26, 2025
    Indian industry leaders are calling for the nation to become a global manufacturing hub. They flaged the need for enhanced competitiveness and sustainability to drive future industrial growth. Maharashtra aims for significant manufacturing investment and MSME growth.
  • No systematic bias in inflation forecasts; RBI mulling monthly BoP data release: Poonam Gupta November 26, 2025
    RBI Deputy Governor Poonam Gupta asserted no systematic bias in the central bank's inflation forecasting, attributing forecast errors to a global phenomenon. She also revealed plans for monthly balance of payments data releases to provide more timely insights into the country's external position amidst global trade shifts.
  • India's GDP growth target gets an upgrade with a warning on Trump tariffs November 26, 2025
    India's GDP growth target for the fiscal year ending March 2026 is now 6.5 percent. This revision from Fitch-owned BMI comes after positive economic data. However, future growth faces potential challenges. Government spending and AI investments are expected to support growth in the next fiscal year.
  • India's GDP growth numbers for first half of FY26 expected to touch 7.6%: ICICI November 26, 2025
    India's economy is set for strong growth in the first half of FY26, with GDP expected at 7.6 percent. This surge is fueled by manufacturing, services, and government spending. While the second half may see a slight moderation, domestic demand remains robust. ICICI projects 7.0 percent growth for FY26 and 6.5 percent for FY27, indicating a positive econo […]

 

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