Economy News ( English version)

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  • Faster AI Adoption could add up to $600 billion to India’s GDP by 2035: NITI Aayog September 15, 2025
    In its report, ‘AI for Viksit Bharat: The Opportunity for Accelerated Economic Growth’, released by the Aayog on Monday, it said AI adoption across industries and transformation of research and development (R&D) can bridge nearly half of the growth gap required to move India from a projected GDP of $6.6 trillion to $8.3 trillion by 2035.
  • India's August trade deficit narrows to $26.49 bn from $27.35 bn in July September 15, 2025
    India’s merchandise trade deficit narrowed to $26.49 billion in August from $27.35 billion in July, according to provisional data. Exports remain under pressure due to the stalled India-US trade deal, with the US accounting for about 20% of shipments. To support exporters, the government eased Advance Authorization Scheme norms, allowing duty-free import of […]
  • Regulations should foster innovations, not wipe them out: FM Sitharaman September 15, 2025
    Finance Minister Nirmala Sitharaman stressed the need for regulations that promote responsible AI innovation without stifling technology. Releasing NITI Aayog’s report ‘AI for Viksit Bharat’, she highlighted challenges like job displacement in routine roles and the importance of reskilling. India must align industrial and trade policies to boost productivity […]
  • India's August palm oil imports hit 1-year high on festive demand, price advantage September 15, 2025
    India's palm oil imports surged in August, reaching a more than one-year high due to competitive pricing compared to soyoil, prompting increased purchases by refiners before the festive season. This rise is anticipated to aid Indonesia and Malaysia in reducing their inventories. Overall edible oil imports also increased, driven by higher palm and sunflo […]
  • India's wholesale prices in August rebound to 0.52% September 15, 2025
    India's wholesale price index (WPI) inflation saw an increase in August, reaching 0.52 per cent year-on-year, according to Commerce Ministry data. This marks a shift from the -0.58 per cent recorded in the previous August. The rise is attributed to slight increases in the prices of food, mineral oils, crude petroleum, natural gas, and basic metals manuf […]

 

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