BUSINESS
Moody’s Forecasts 6.3% GDP Growth for India in 2025
In its May edition of the Global Macro Outlook for 2025-26, Moody's referenced geopolitical tensions like the current India-Pakistan disputes as possible threats to its growth assumptions.
India on Track to Become Fourth-Largest Economy, Edging Past Japan
India is also the fastest-growing large economy of the world, according to the report, as its growth rate will be the only country to have growth rates in excess of 6% in the next two years.
FM Sitharaman Did Not Ask ADB to Cut Funding for Pakistan, Clarifies Centre
Previous reports had indicated that the Finance Minister Nirmala Sitharaman had brought up the issue with ADB President Masato Kanda in a meeting and requested the bank to reduce its financial support to Pakistan. But the Finance Ministry quickly came out with a clarification that there was no talk related to Pakistan at the meeting. The ministry confirmed that such reports were false.
India Holds 879.59 Metric Tonnes of Gold, 511.99 MT Held Domestically: RBI
348.62 MT of gold was safely kept in custody by the Bank of England and the Bank for International Settlements (BIS), and 18.98 MT was kept as gold deposits.
Moody’s Highlights India’s Stable Economy Amidst Cash-Strapped Pakistan as Tensions Escalate
But in its report, the agency focused on the point that prolonged tension with India had the potential to hurt Pakistan severely by hampering its ongoing drive to stabilize its fiscal situation.
Govt Pushes Forward with IDBI Bank Stake Sale in FY26
In a unique interview to NDTV Profit, Chawla stated, "The focus is still on steady implementation and value creation for the long run regardless of vagaries in the global economic conditions."
India's Cotton Yarn Sector Set for 9% Growth in FY26 Amid Export Recovery and Policy Support
The rise in revenues will be driven mainly by volumes, aided by a slight increase in the price of yarn, the report added.
CEA Nageswaran Says Economic Indicators Reflect Strong Performance by Indian Economy
Speaking during an interaction with an audience at Ashoka University, Nageswaran stated, "India's economy is in good shape despite challenging global environment. While the final number for FY25 will be available in May, current indicators suggest we are progressing well."
India Opposes Pakistan Loan; Parameswaran Iyer to Voice Concerns at Upcoming IMF Meeting
This follows the sudden removal of Krishnamurthy Subramanian from his position at the IMF, even when he had six months left on his term.
India Halts All Imports from Pakistan Amid Escalating Tensions
The Commerce Ministry had issued a notification to the effect, "Direct or indirect import or transit of all goods originating in or exported from Pakistan, whether or not freely importable or otherwise allowed, will be prohibited with immediate effect, until further orders."
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