The ongoing conflict in the Middle East is placing increasing pressure on India’s labour market, disrupting overseas employment opportunities and weakening demand for the country’s manufactured exports. Read More: Iran conflict prompts India-Russia LNG talks For decades, millions of Indian workers have relied on jobs in Gulf countries, while industries such as leather, garments and glass manufacturing benefited […]
India economy
A new analytical report a sharp rise in the wealth of India’s top billionaires
A new analytical report has revealed a sharp rise in the wealth of India’s top billionaires, highlighting growing economic inequality in the country. According to the findings, the fortune of Gautam Adani has surged by 625%, while the wealth of Mukesh Ambani has increased by 153% over a recent period. Read More: Most billionaires in India today once resided […]
Indian Rupee hits record low amid conflict fears
Mumbai: The Indian rupee slid to a record low on Monday as escalating tensions in the Middle East raised concerns about prolonged disruptions to global energy supplies, posing risks to India’s economic outlook. Read More: Indian rupee falls past 90 per dollar on trade worries The currency weakened to 93.84 against the US dollar, surpassing its […]
IMF slams India’s economic data, downgrades to C-grade
The International Monetary Fund (IMF) has rated India’s economy as C-grade in its annual report, citing flawed economic data. The downgrade highlights weaknesses in India’s available economic statistics and questions their reliability. IMF said this marks the second consecutive year India received the second-lowest rating for its national accounts. According to the report, India’s economic […]
India launches ₹72.8bn plan to cut dependence on rare earth magnet imports
India has approved a massive ₹72.8 billion ($815.74 million) programme to manufacture rare earth permanent magnets domestically, marking a major strategic step toward reducing its reliance on imports. The announcement was made by Information Minister Ashwini Vaishnaw following a cabinet meeting on Thursday. Read More: China’s rare earth export curbs threaten India’s EV future The government stated that […]
India signs deal to import 10% of LPG from US
NEW DELHI: India has signed a landmark agreement with the United States to source nearly 10 per cent of its liquefied petroleum gas (LPG) imports from the US, as New Delhi seeks to diversify its energy supplies. The one-year deal will see 2.2 million tonnes per annum of LPG shipped from the US Gulf Coast […]