After painstaking negotiations for over three years, India and the United Kingdom (UK) marked a major milestone in bilateral relations on May 6, when the two countries finalised a Free Trade Agreement (FTA). The deal, linking the fourth and sixth largest economies in the world, aims to strengthen strategic partnership and boost trade between the […]
It was not surprising when the International Monetary Fund (IMF) and the World Bank cut India’s growth projection by 30 basis points (bps) to 6.2 per cent and by 40 bps to 6.3 per cent for 2025-26, respectively, due to higher trade tensions and global uncertainty. Many research firms and rating agencies have recently also […]
The greenback’s near-nine-per-cent fall in 2025 so far can be attributed to multiple factors, including the US’ rising debt, fears of recession and actions of the central banks across the globe. But President Donald Trump’s disruptive streak with regular policy flip-flops has only accentuated the problem and has reduced the appeal of the world’s reserve […]
A new Centre-backed fund is being budgeted to foster a self-sustaining drone ecosystem for development, manufacturing, and adoption of Unmanned Aircraft Systems (UAS), including civilian anti-UAS systems. The new scheme, also known as the New Drone Fund unofficially, would offer incentives to boost drone part localization to 30 per cent of total value, aiming to reduce […]
After a tumultuous 2024, the FMCG industry hopes to gallop ahead in 2025, riding on rising disposable incomes, urbanization, digital penetration, and shifting consumer preferences. Inflation primarily contributed to last year’s slowdown. Interestingly, a McKinsey report predicts that India is projected to have the third-largest number of high-income households globally by 2030, just behind China and the United States. […]
Over time, the US losing its manufacturing prowess is because other countries have upped their game and are offering cheaper solutions across the board. China’s AI company DeepSeek’s growing dominance at the cost of Nvidia, or BYD’s (Chinese EV car company) global clout over Tesla are a glaring example. President Trump’s re-election seems like the […]
Notwithstanding lower consumption trends, spending on gold jewellery jumped nine per cent to USD 144 billion in FY24. This meant that people were paying much more for the same piece of gold or for lower carat yellow metal. American investor and gold bull, Jim Rogers famously said that – “Unlike stocks, bonds, or real estate, […]
Can India position itself as the factory of the world ahead of China? Growth in manufacturing is both a necessity and an opportunity if India wants to reach the projected target of $20 trillion by 2047. Providing the impetus is the aerospace industry in India, which is witnessing a rapid transformation driven by increased demand […]
While India’s economic potential and its status as the fastest growing major global economy remain unchallenged, there is a worry over the pace of its growth after a 5.4 per cent GDP growth stunner in the July-September quarter. This was the slowest in the last seven quarters and much below the expectations. Following this, there […]
Artificial Intelligence (AI) is revolutionizing the global energy sector by enhancing efficiency, optimizing resource management, and driving sustainability. AI-powered analytics facilitate predictive maintenance, reduce downtime as well as operational costs for energy infrastructure. Furthermore, smart grids leverage AI balancing supply and demand while seamlessly integrating renewable energy sources. On the other hand, machine learning algorithms […]