Piyush Goyal’s over six minute statement was also an answer to Trump’s jibes about India’s economy. US President Donald Trump has in the last 24 hours announced 25% tariffs on India, warned of additional penalties, expressed displeasure over BRICS of which India is a member, and called India a ‘dead economy’. The turn of events…
India’s household savings have slipped to a new low for the third consecutive year, falling to 18.1% of GDP in FY24, according to a report by CareEdge Ratings.On the other hand, household debt rose to 6.2% of GDP, almost twice as much as ten years ago, showing that more Indians are borrowing to meet their…
Fitch expects India’s GDP growth to strengthen further in the last quarter of FY25. (AI image) The Indian economy is ‘somewhat insulated’ from the impact of high US tariffs, Fitch has said in its latest Global Economic Outlook report. Fitch sees the Indian economy growing at 6.5% in the upcoming financial year, with a slight…