Related News

Stock market today: Nifty50 opens above 24,900; BSE Sensex up over 200 points

Siddhartha Khemka, Head of Research at Wealth Management, Motilal Oswal, says, “We remain optimistic about Indian equities for the next 6-9 months.” (AI image) Stock market today: Nifty50 and BSE

D-Street cheers GST relief gains, bonds pull back

MUMBAI: Equity markets surged, the rupee recovered sharply against the dollar, but bonds erased most of Friday’s gains on fears of higher govt borrowing. The shift came as investors weighed

Prices of ACs, larger TVs, dishwashers set to dip 8%

NEW DELHI/MUMBAI: Expect a bumper Diwali for consumers as plans to rationalise and reduce GST rates on ACs, televisions (above 32-inch) and dishwashers will see retail prices come down by

Commerce, industry min mulls further FDI regime easing

NEW DELHI: The commerce and industry ministry is working on a 100-day reform agenda, which may include proposals such as further liberalising the FDI regime, easing investments from neighbouring countries,

Packaged foods see demand boost

NEW DELHI/MUMBAI: Aiming to set off a “cracker of a Diwali”, as Prime Minister Narendra Modi put it, the proposed rationalisation of Goods and Services Tax (GST) rates could provide

Reliance buys majority stake in Naturedge

MUMBAI: Reliance Consumer Products (RCPL) bought a majority stake in a joint venture with Naturedge Beverages, marking its foray into the healthy functional beverages space. Naturedge Beverages is from the

Global uncertainties pose risk to next year’s growth: Finmin

Word Count: 664 | Estimated Reading Time: 4 minutes

NEW DELHI: Geopolitical tensions, increasing uncertainty around trade policies, volatility in international commodity prices and the financial market pose significant risks to the outlook for growth next year, a finance ministry report said on Wednesday.
It said that adding to the cloud over global prospects is the inadequate trust in key institutions and lower optimism about the future in developed countries, as per the 2025 Edelman Trust Barometer.
The economy is forecast to grow 6.5% in 2024-25 and agencies expect it to maintain the same growth rate amid a challenging global outlook.

The report said global trade continues to be affected by uncertainty in the policy environment. The Global Trade Policy Uncertainty Index rose to a record high of 237.4 in the fourth quarter of 2024. Tariff-related developments in multiple countries have heightened trade-related risks, affecting investment and trade flows globally.
But the report asserted that domestic private sector capital formation, focused on India’s solid fundamentals and economic prospects, will be an important driver of economic growth in FY26.
“Supportive fiscal measures, accommodative monetary policy, and the Union Budget’s focus on longer-term development drivers and reform will bolster domestic economic resilience amidst significant global uncertainties,” said the finance ministry’s monthly economic report for Feb.
The report also said that if the private sector were to invest in the economy, banking on the resilience of the Indian economy and its steady growth outlook, it would overpower the risks to the growth outlook considerably.
“It is essential that the industry recognises the mutual endogeneity of its investment spending and consumption demand. The proposed changes in the personal income tax structure are expected to improve the disposable incomes of the middle class and their consumption,” said the report. The 25-basis point policy rate cut in Feb, as part of a more accommodative monetary policy and enhanced liquidity provisions, can also bolster the growth momentum.
The report said the Budget’s focus on longer-term development drivers and reforms, anchored around the ambition of Viksit Bharat, adds to the confidence in domestic economic resilience amidst global uncertainties.

Source link