india

The Latest

  • India Prepares for Monumental Election: Modi Seeks Third Term Amidst Democratic Debates
    Modi
    India is gearing up for a historic national election set to unfold in seven phases starting April 19, as announced by Chief Election Commissioner Rajiv Kumar. This electoral exercise, expected to be the world's largest, will see nearly a billion eligible voters casting their ballots, highlighting the colossal scale of democracy in action within the country.
  • India Anticipates 7.3% GDP Growth for the Fiscal Year Amid Manufacturing and Government Spending
    India Economic Growth
    The Indian National Statistical Office announced on January 5 that the country's GDP is expected to grow by 7.3% for the fiscal year ending in March 2024, driven by increased government spending and a rebound in manufacturing. This projection surpasses the Reserve Bank of India's forecast of 7% and market expectations of 6.7%, following a 7.2% economic growth rate in the previous fiscal year.
  • Venture Capitalists Turn Cautious on India's Market Prospects
    FOREX FISSURES
    However, for the venture capital industry, the "India story" might not be so rosy. Even the data from 2023 suggest that the venture capital industry has experienced what could be termed an "Indian accident."
  • India's Stock Market 'Craze' May Continue in 2024: Citi's Outlook on Indian Economy, Stocks, and Currency"
    A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India.
    India, the global investment darling of the year, is expected to maintain its robust economic growth into 2024, according to a report by Citi's Indian economic team, equity, and fixed income strategy teams. The report, titled "India 2024 Outlook - Shining Through the Election Fog," provides insights into the trajectory of major asset classes in India for the upcoming year.
  • India's Chip-Making Dreams Face Production Hurdles
    India Economic Growth
    India's aspirations to become a global chip-making hub are facing significant challenges, as local production struggles to keep pace with ambitious governmental targets. Despite the country's attempts to move up the global semiconductor supply chain, experts note that only 9% of India's semiconductor component consumption is currently met locally.
  • India's GDP Grows 7.6% in Q2, Surpassing Expectations with Manufacturing Boost
    India
    India's economy in the second quarter outperformed expectations, according to the latest data released by the Indian Statistical Office on Thursday. The country's Gross Domestic Product (GDP) for the second quarter (July-September) of the fiscal year 2023-2024 grew by 7.6%, slightly lower than the 7.8% growth recorded in the first quarter (April-June).
  • India Extends Sugar Export Restrictions Amid Domestic Demand Concerns
    Sugar Cane Harvester
    In a move to ensure adequate domestic supplies and stabilize prices, the Indian government has extended the restrictions on sugar exports beyond the previously set date of October 31. This decision comes in the wake of concerns about higher domestic demand and potential output issues in major sugar-producing states, which experienced the weakest monsoon season in five years.
  • India and Canada's Foreign Ministers Convene in Washington Amid Diplomatic Tensions - Report
    India-Canada Tensions Escalate Over Allegations and Visa Suspensions
    In a discreet diplomatic move, the Foreign Ministers of India and Canada reportedly held a confidential meeting in Washington, D.C., amid escalating tensions between the two nations. The meeting, which took place during India's Minister of External Affairs S Jaishankar's visit to the U.S., aimed to address the ongoing disputes and allegations that have strained bilateral relations.
  • After Rice Restrictions, India Eyes Sugar Export Limits Amid Production Woes
    India
    Following its ban on rice exports, India, the world's largest sugar producer and second-largest exporter, is gearing up to limit sugar exports due to decreased rainfall affecting production. This move is expected to further pressure already elevated sugar prices.
  • Diplomatic Fallout: Why India and Canada's Relations Have Soured
    India
    Canada and India, both members of the Commonwealth and targets of U.S. diplomacy, have experienced their most severe diplomatic dispute in recent years. The two nations have expelled senior diplomats, halted trade negotiations, and canceled a trade delegation visit scheduled for October.
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