Economy News ( English version)

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  • "Got to build on that and not go backwards": British MP Bob Blackman on India-UK FTA June 23, 2026
    A significant India-UK trade pact, set to take effect on July 15, promises to boost bilateral ties and open a market exceeding $500 billion for Indian businesses. While hailed as a landmark achievement, British MP Bob Blackman cautioned that future UK-EU trade deals could potentially diminish the benefits of this agreement. Both sides acknowledge further wor […]
  • India needs 7-8% growth for Viksit Bharat, private investment and export push crucial: EAC-PM Chairman June 23, 2026
    India needs sustained 7-8% economic growth to become 'Viksit Bharat' by 2047, driven by private investment and exports. Structural reforms are in place, with 'Atmanirbhar Bharat' focusing on enhancing domestic capability and product quality for global competitiveness, not import substitution. The nation is also prioritizing organic farmin […]
  • India has contingency plans in place amid 40% rainfall deficit, says Agriculture Commissioner June 23, 2026
    While India is currently facing 40 per cent rainfall deficit, the country has prepared district-level contingency plans to tackle possible rainfall uncertainty, with irrigation capacity and food grain reserves providing a buffer against any potential impact on crop production, said PK Singh, Agriculture Commissioner, Ministry of Agriculture & Farmers Wel […]
  • GST wins India Inc's vote, but businesses seek faster refunds and smarter reforms: Deloitte June 23, 2026
    India's GST regime has achieved widespread acceptance, with digitisation and rate adjustments hailed as major successes. Businesses now prioritize clearer interpretations, uniform audits, and faster refunds to ease working capital. The corporate sector is eager for AI-powered compliance tools and a unified taxpayer dashboard, signaling a push for more a […]
  • Chinese tech, investments welcome, but trade opening needs caution: CII President June 23, 2026
    Chinese investments and technology are welcome in India, but a cautious approach is needed for trade, according to CII President R Mukundan. He emphasized reducing import dependence on China and boosting domestic manufacturing. Mukundan also highlighted potential collaborations in battery storage and semiconductor chemicals. Regarding the US, he stressed the […]

 

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