Economy

The RBI's Monetary Policy Committee (MPC) announced on Friday a reduction of 50 basis points in the repo rate to 5.5%, marking the third consecutive rate cut in the current year.

Updated : Jun 6, 2025

From rate cut to CRR slash: RBI front-loads stimulus to revive credit and ease pressure on banks, says SBI

According to SBI Research’s Ecowrap report, this staggered CRR cut is expected to release Rs 2.5 lakh crore of primary liquidity into the banking system by the end of 2025.

He urged Indian trade officials to “push back on inflated deficit claims” and demand “fair, reciprocal terms.”

Updated : Jun 6, 2025

'US is not the victim...': GTRI founder says India fuels a hidden $40 billion American surplus

Srivastava warned that U.S. negotiators use the deficit narrative to push India into lowering tariffs and relaxing rules in areas like digital trade, IP, and government procurement—sectors where U.S. firms already dominate.

RBI MPC decision to cut repo rate, CRR garners applause

Updated : Jun 6, 2025

‘Bold, strategic’: Financial experts laud RBI MPC decision to cut 50 bps repo rate, 100 bps CRR

Economist Sanjeev Sanyal also called it an excellent move, while Uday Kotak called RBI MPC decisions 'bold and strategic'.

Combined with the 50 bps repo rate cut, which directly lowers the cost of borrowing, the RBI has signaled aggressive support for economic expansion.

Updated : Jun 6, 2025

'BrahMos, Pinaka, Akash activated together': RBI's 100 bps CRR cut floods banks with lending firepower

RBI Governor Sanjay Malhotra announced the CRR cut will be staggered in four phases, calling it a liquidity infusion designed to reduce banks’ funding costs and stimulate credit growth.

RBI MPC: Gov Malhotra maintains GDP growth rate projection at 6.5%

Updated : Jun 6, 2025

RBI Monetary Policy Meeting: Gov Malhotra maintains India’s GDP growth projection for 2025-26 at 6.5%

RBI MPC announcements: The Indian economy displays strength, stability and opportunity amid a changing global economic order, said RBI Governor Malhotra.

With this, home loan rates are expected to go down, providing a relief to homebuyers.

Updated : Jun 6, 2025

RBI announces jumbo rate cut: Repo rate slashed by 50 bps to 5.5%, home loan rates to go down

The meeting was held in the backdrop of the promising start of the monsoon season in India, even as the global scenario continues to remain uncertain, Malhotra stated.

Biyani argued that India remains culturally tethered to its past, with traditions and mythology shaping how families educate children.

Updated : Jun 5, 2025

'China has destroyed its past': Kishore Biyani says India stuck in stories, not strategy

Biyani urged a narrative shift. “We need new stories—stories of entrepreneurship, growth, and development,” he said, identifying podcasts as a modern tool to drive this change.

IMF First Deputy Managing Director Gita Gopinath warned that central banks now face a more fragmented and uncertain global landscape.

Updated : Jun 5, 2025

Emerging markets face ‘greater challenge’ from Trump tariffs than Covid: IMF’s Gita Gopinath

The IMF has flagged the return of Trump's trade war as a sharper threat to emerging economies than Covid-19. Tariffs are creating asymmetric shocks, pushing central banks into increasingly difficult decisions.

India’s generative AI market is projected to grow at a 28% CAGR through 2030, fueling a data center boom.

Updated : Jun 5, 2025

'Forget rupees or dollar': Nikhil Kamath says a silent force could take their place in 10 years

Data centers, the vast warehouses of servers that keep the internet running round-the-clock, are rapidly becoming the backbone of modern economies. From streaming and payments to training AI models like ChatGPT, their functions are expanding—and so is their appetite for electricity.

Shifting from China to India will be a gargantuan task for Apple, says Patrick McGee in his latest book 'Apple in China'

Updated : Jun 5, 2025

China’s 20-year edge: Book reveals why Apple’s plan to shift from Beijing to India is not easy

Tech journalist Patrick McGee said in his book that Cupertino is making serious efforts to de-risk Apple from China by asking its supplier partners to replicate the model in India.

The move comes at a time when the GST Council, headed by Union finance minister Nirmala Sitharaman is already working on rate rationalisation of the indirect tax levy.

Updated : Jun 4, 2025

GST 2.0: Finance ministry holds discussions with industry representatives

Sources indicate aim is to get feedback from stakeholders, expectations of a three-rate structure, simpler compliance

US President Donald Trump has hiked steel and aluminium tariffs to 50% but decided to spare the UK

Updated : Jun 4, 2025

Trump hikes steel, aluminium tariffs to 50% from 25% but skips UK; how India will be impacted

Prime Minister Keir Starmer-led UK government stated that the two countries agreed on the need to implement a tariff deal as soon as possible.

Former RBI Governor Raghuram Rajan. (Screengrab)

Updated : Jun 3, 2025

'Stop surprise tax demands on businesses’: Raghuram Rajan’s warning on govt's arbitrary demands

Former RBI governor Raghuram Rajan has cautioned the Indian government against arbitrary tax actions and shifting regulatory norms, warning that such unpredictability hurts business confidence. In an exclusive interview, he said India must rein in its tax authorities and push for transparent, stable rules to unlock long-term growth.

Howard Lutnick, who became Commerce Secretary in early 2025, stressed that India’s combination of ambition, innovation, and execution capacity sets it apart.

Updated : Jun 3, 2025

‘India has that drive’: US Commerce Secretary Howard Lutnick lauds India’s economic momentum, potential

US Commerce Secretary Howard Lutnick lauded India’s economic rise but flagged concerns over its defence ties with Russia. While praising India’s growth drive, he said arms deals with Moscow have “rubbed the US the wrong way".

RBI closed FY 2024-25 with an $8.2% growth in assets and a net income surplus of $31.5 billion — more than any other major central bank.

Updated : Jun 3, 2025

Big rate cut coming? RBI may surprise with 50 bps rate slash to revive credit cycle

The RBI’s upcoming monetary policy may bring a bigger-than-expected 50 bps rate cut, SBI Research. The central bank is expected to balance growth risks and declining inflation with aggressive easing. This could mark a significant shift in monetary momentum for the rest of FY26.

India’s R&D investment remains low — just 0.6–0.7% of GDP, with only 36% coming from the private sector.

Updated : Jun 3, 2025

'India may remain a middle-income country...': Wealth advisor warns services alone won’t scale

Calling it not pessimism but “pattern recognition,” he likened India’s trajectory to that of several South American nations that surged early but plateaued without deep innovation.

Taylor agrees that India has potential, especially with current tariffs and companies looking to diversify.

Updated : Jun 3, 2025

'Make in India depends on Made in China': Tech leader questions depth of local manufacturing

Taylor pointed to India’s Production-Linked Incentive (PLI) scheme, which has driven growth in assembly across sectors from EVs to consumer electronics. But he argues the critical technology — chips, components, intellectual property — still flows from China.

Updated : Jun 3, 2025

Skoda-Volkswagen, Mercedes Benz to make EVs in India; Tesla not interested

Union Heavy Industries Minister HD Kumaraswamy had said on Monday that Mercedes Benz, Skoda-Volkswagen, Hyundai and Kia have shown interest in manufacturing electric cars in India under the SPMEPCI.

Apple has high hopes from India but faces a dilemma, says Patrick McGee in his book 'Apple in China'

Updated : Jun 5, 2025

‘India builds iPhones 10x slower than China did’: Book reveals Apple's deep assembly dilemma

Journalist Patrick McGee said in his latest book that Apple intends India to become fully capable in every respect but that too is likely to take another 5-10 years.

Very few rural households fully depend on agriculture for income, finds report

Updated : Jun 2, 2025

'Only 20.7% annadatas fully depend on agriculture for income': Report calls for rethinking rural development strategies

PRICE’s ICE 360° survey reveals that while 42.4% of rural households earn some income from agriculture, only 20.7% are fully dependent on it.

Net GST revenue after refunds came in at Rs 1.74 lakh crore, marking a robust 20.4% jump compared to the previous year. Refunds in May fell 4% to Rs 27,210 crore.

Updated : Jun 1, 2025

GST collections top Rs 2 lakh crore again in May; states show mixed collection trends

Revenues from domestic transactions grew 13.7% to Rs 1.50 lakh crore in May, while collections from imports climbed 25.2% to Rs 51,266 crore. The gross Central GST stood at Rs 35,434 crore, State GST at Rs 43,902 crore, and Integrated GST at approximately Rs 1.09 lakh crore.

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Economy

From rate cut to CRR slash: RBI front-loads stimulus to revive credit and ease pressure on banks, says SBI

'US is not the victim...': GTRI founder says India fuels a hidden $40 billion American surplus

‘Bold, strategic’: Financial experts laud RBI MPC decision to cut 50 bps repo rate, 100 bps CRR

'BrahMos, Pinaka, Akash activated together': RBI's 100 bps CRR cut floods banks with lending firepower

RBI Monetary Policy Meeting: Gov Malhotra maintains India’s GDP growth projection for 2025-26 at 6.5%

RBI announces jumbo rate cut: Repo rate slashed by 50 bps to 5.5%, home loan rates to go down

'China has destroyed its past': Kishore Biyani says India stuck in stories, not strategy

Emerging markets face ‘greater challenge’ from Trump tariffs than Covid: IMF’s Gita Gopinath

'Forget rupees or dollar': Nikhil Kamath says a silent force could take their place in 10 years

China’s 20-year edge: Book reveals why Apple’s plan to shift from Beijing to India is not easy

GST 2.0: Finance ministry holds discussions with industry representatives

Trump hikes steel, aluminium tariffs to 50% from 25% but skips UK; how India will be impacted

'Stop surprise tax demands on businesses’: Raghuram Rajan’s warning on govt's arbitrary demands

‘India has that drive’: US Commerce Secretary Howard Lutnick lauds India’s economic momentum, potential

Big rate cut coming? RBI may surprise with 50 bps rate slash to revive credit cycle

'India may remain a middle-income country...': Wealth advisor warns services alone won’t scale

'Make in India depends on Made in China': Tech leader questions depth of local manufacturing

Skoda-Volkswagen, Mercedes Benz to make EVs in India; Tesla not interested

‘India builds iPhones 10x slower than China did’: Book reveals Apple's deep assembly dilemma

'Only 20.7% annadatas fully depend on agriculture for income': Report calls for rethinking rural development strategies

GST collections top Rs 2 lakh crore again in May; states show mixed collection trends

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