Despite macroeconomic challenges and cautious client spending, industry analysts predict AI growth will eventually propel India’s IT services sector into a mid- to high-single-digit revenue rise by FY31, with generative AI expected to double its market share by 2029. Artificial…
Odisha’s State Level Single Window Clearance Authority has approved 14 new industrial projects worth Rs 2,780.10 crore, promising over 14,000 jobs and bolstering the state’s longer-term industrial strategy under Samruddha Odisha 2036. Odisha’s State Level Single Window Clearance Authority has…
The Reserve Bank of India has introduced a comprehensive overhaul of fixed-deposit rate-setting and disclosure norms, aiming to enhance clarity for depositors and provide banks with more flexibility on large deposits, effective from October 2026. The Reserve Bank of India…
India’s recent easing of foreign direct investment regulations for neighbouring countries has garnered nearly Rs 4,896 crore in proposals across multiple sectors, signalling a cautious opening to foreign capital amid national security considerations. India’s recent easing of foreign direct investment…
India is rapidly transforming from a support role to a central hub in the world’s smartphone industry, with projections to produce nearly one-fifth of global smartphones within two years, signalling a major shift in the supply chain landscape away from…
India’s foreign exchange reserves have risen to a new high of $716.91 billion, driven by valuation gains and strategic policy measures, strengthening the country’s macroeconomic stability amid global uncertainty. India’s foreign exchange reserves climbed to a record $716.91 billion as…
India has introduced policy changes to make rupee-denominated export payments more attractive, potentially accelerating its role in global commerce and reducing reliance on the US dollar. India has moved to make rupee-denominated export payments more attractive, in a policy shift…
The introduction of Ind AS 117 aligned with IFRS 17 promises to overhaul Indian insurance accounting, enhancing transparency and global comparability amid industry-wide technological upgrades. India’s insurance sector is heading into a major shift in financial reporting as Ind AS…
India faces a critical financing gap to fund urban expansion, with most local bodies lacking the credit ratings needed to tap into bonds , prompting government initiatives to improve municipal bankability and foster sustainable urban growth. India’s cities face an…
The June quarter saw a sharp decline in India’s unincorporated non-farm sector, with drops in establishments and employment, highlighting a divergence from the robust growth in the formal economy. India’s unincorporated non-farm sector lost pace in the June quarter, even…
India’s merchandise trade gap widened to a six-month high in July due to increased import costs driven by higher oil and electronics purchases, while record exports and services exports offered some relief amidst rising shipping rates and regional disruptions. India’s…
The India-European Union free trade deal, concluded in January 2026, is set to transform commercial ties, opening new opportunities for exporters and fostering closer economic partnership amid shifting global trade dynamics. The India-European Union free trade agreement is being framed…
