Long-established industrial centres such as Kanpur, Moradabad, Bhadohi and Firozabad are currently facing severe disruptions due to the imposition of steep US tariffs. A tariff increase of up to 50% has sharply reduced demand for many products exported from these regions. This contraction in the exp...
On 1 November, the Kerala government declared that the state is now free from extreme poverty — the first state in India to make such a claim. Achieving this required a multi-year, specially designed policy involving thousands of government staff, local body representatives, Kudumbashree work...
India’s recent economic performanceIndia’s GDP grew by 8.2% in the second quarter (July–September) of FY26, according to official data released on 28 November. This is the highest growth in the last six quarters. In Q1 FY26, GDP increased by 7.8%, bringing growth in the first half of the fisca...
V. Anantha Nageswaran, Chief Economic Advisor (CEA) to the Government of India, has expressed confidence that India’s GDP will grow by 7% in the second half of the current financial year (FY). He noted that the 7.8% GDP growth recorded in the previous two quarters had already been anticipated.Acco...
India’s tea industry today stands at a crossroads. Producers’ associations such as the Indian Tea Association (ITA) and the Tea Association of India (TAI) have raised concerns about the declining dynamism of the sector. Several factors contribute to this trend.Climate and Production ChallengesOn...
The 2025 Nobel Prize in Economic Sciences has been awarded to Israeli-American Joel Mokyr of North-western University, Philippe Aghion of Collège de France and the London School of Economics, and Peter Howitt of Brown University for their pioneering research“for hav...
In India, festivals are not just cultural events—they are economic engines that touch every section of society. From national celebrations like Diwali, Holi, Navratri, Eid, and Pongal to regional events like Durga Puja, Kali Puja, and Onam, these occasions bring people together across age, class, ...
The Goods and Services Tax (GST) Council has introduced major reforms in the tax structure—changes many experts believe were long overdue. Since its rollout in 2017, India’s GST regime has faced criticism for being complex and inconsistent with global best practices. Ideally, GST should have one...
The Indian tea industry, second only to China’s, is a vital part of the country’s agricultural economy. In 2024, India produced 1,285 million kg of tea — an increase of 109 million kg, or 8%, compared to 2023. Between January and July 2025, production reached 641.44 million kg, which is 77 mil...
Tourism has the potential to flourish across all regions—ranging from vibrant cities to remote rural, tribal, hilly, and forested areas. It is one of the few sectors that can simultaneously boost GDP, create employment opportunities, and enhance foreign currency earnings. The expansion of tourism ...
