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India forecasts 2025/26 economic growth at 7.4%

NEW DELHI, Jan 7 (Reuters) – India’s economy is expected to grow 7.4% in the fiscal year ending in March, the National Statistics Office said on Wednesday, above the government’s initial projection of 6.3%-6.8%. India’s first advance estimate of gross domestic product (GDP), which will undergo revisions over time as data coverage improves, will be used as a base for the federal budget due to be announced on February 1. The Indian economy grew 6.5% in 2024/25 and 9.2% in 2023/24. In nominal terms, which factor in inflation, the economy is expected to grow 8%, compared with the 10.1% estimate

Un-map ‘Bangla Birodhis’ who send hearing notice to Amartya Sen, target 250 seats: TMC’s Abhishek

Bharat Ratna and Nobel Memorial Prize in Economic Sciences awarded Economist Amartya Sen. (Photo: Getty Image)

Rampurhat, Jan 6 (PTI) Claiming that Nobel Laureate Amartya Sen has been served with an SIR hearing notice by the EC, TMC leader Abhishek Banerjee on Tuesday gave a clarion call to his party’s supporters to “un-map the BJP from Bengal” and ensure victory in 250 of the 294 seats in the upcoming assembly elections in West Bengal. A family member of Sen, however, told PTI that they had not yet received any hearing notice from the Commission. Addressing a public rally at Rampurhat in Birbhum district, Banerjee claimed that the BJP-led Centre was repeatedly resorting to deliberate acts of

Gold surges Rs 1,100 to Rs 1,41,500 per 10g in Delhi on firm global cues

New Delhi, Jan 6 (PTI) Rising for the fourth straight day, the gold price on Tuesday jumped by Rs 1,100 to Rs 1,41,500 per 10 grams, tracking firm global trends, according to the All India Sarafa Association. On Monday, the precious metal of 99.9 per cent purity closed at Rs 1,40,400 per 10 grams. Gold prices in the national capital increased by Rs 1,100 to Rs 1,41,500 per 10 grams, the All India Sarafa Association said. “Gold extended its gains on Tuesday, supported by a softer US dollar and dovish comments from Federal Reserve officials, which reinforced market expectations for

Rupee rises 12 paise to close at 90.18 against US dollar

Mumbai, Jan 6 (PTI) The rupee snapped the four-day losing streak and appreciated 12 paise to settle at 90.18 (provisional) against the American currency on Tuesday, tracking a decline in the US dollar index. Forex traders said weak domestic equity markets and geopolitical tensions between the US and Venezuela capped sharp gains for the domestic unit. At the interbank foreign exchange, the rupee opened at 90.22 against the US dollar and traded in the range of 90.08-90.25 before settling at 90.18 (provisional), up 12 paise from its previous close. On Monday, the rupee closed 10 paise lower at 90.30 against

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