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Despite Downgrades, India Set to Lead Global Growth: Govt

Hindustan Times Mumbai

|

April 24, 2025

India continues to enhance its role as a key driver of global economic activities with reforms in infrastructure, innovation, and financial inclusion, the Union finance ministry said on Wednesday amid downward revisions of global growth forecasts by two international agencies.

- Rajeev Jayaswal

NEW DELHI:

The World Bank on Wednesday said South Asia's growth prospects are "dimming" amid global uncertainty, which will also impact India. India's growth is expected to slow from 6.5% in 2024-25 to 6.3% in 2025-26 as the benefits to private investment from monetary easing and regulatory streamlining are expected to be offset by global economic weakness and policy uncertainty, the bank said in its latest edition of the South Asia Development Update.

WEITERE GESCHICHTEN VON Hindustan Times Mumbai

Hindustan Times Mumbai

India’s gross GST collections see marginal growth in Nov

Gross Goods and Services Tax (GST) revenue saw less than 1% annualized growth to ₹1.70 lakh crore in November, the first full month after the tax rates were rationalised, with government officials and industry experts saying that the short-term moderation in collections was only to be expected—and pointing out that the fact that the revenue has not fallen on account of a major boost in consumption, which was also expected.

time to read

2 mins

December 02, 2025

Hindustan Times Mumbai

INDIA TO SELL UP TO 6% STAKE IN BANK OF MAHARASHTRA

India will sell a stake of up to 6% in Bank of Maharashtra, an exchange filing showed on Monday, moving the state-run lender closer to meeting minimum public shareholding rules.

time to read

1 min

December 02, 2025

Hindustan Times Mumbai

Hindustan Times Mumbai

HC agrees to hear Apple’s challenge on CCI

The Delhi High Court on Monday refrained from issuing any order to restrain the Competition Commission of India (CCI) from taking coercive action against US tech giant Apple in its probe regarding App Store payment policies, even as it agreed to hear Apple's challenge to the legal provision that allows the CCI to levy penalties of up to 10% on an errant company’s global turnover.

time to read

2 mins

December 02, 2025

Hindustan Times Mumbai

GST COLLECTIONS GREW IN NOV DESPITE EFFECT OF REDUCED RATES

Gross GST revenue saw less than 1% annualised growth to ₹1.70 lakh crore in November, the first full month after the tax rates were rationalised, with government officials and industry experts saying that the short-term moderation in collections was only to be expected — and pointing out that the revenue has not fallen on account of a major boost in consumption, which was also expected.

time to read

1 min

December 02, 2025

Hindustan Times Mumbai

Hindustan Times Mumbai

Overcome disappointment of failure: PM's jibe at Oppn

Prime Minister Narendra Modi on Monday said the country has embarked on the path to progress and India has proved that democracy can deliver. He also said Parliament is for delivery not drama, in a pointed reference to the Opposition that is pushing the government to take a discussion on SIR or the Special Intensive Revision and the functioning of the Election Commission of India (ECI).

time to read

2 mins

December 02, 2025

Hindustan Times Mumbai

EAM CALLS FOR MODERNISATION OF BIOLOGICAL WEAPONS PACT

External affairs minister S Jaishankar on Monday stressed on the rising possibilities of the misuse of biological weapons by non-state actors, and suggested that the Biological Weapons Convention (BWC) must be modernised as it has no compliance system or mechanism to track new scientific developments.

time to read

1 min

December 02, 2025

Hindustan Times Mumbai

Indonesia eyes coastal, sea-launched BrahMos

Indonesia's armed forces have expressed interest in both coastal batteries and sea-launched versions of India’s BrahMos supersonic cruise missile as part of the Southeast Asian nation’s comprehensive military restructuring programme, people familiar with the matter said on Monday.

time to read

2 mins

December 02, 2025

Hindustan Times Mumbai

Hindustan Times Mumbai

Witkoff to meet Putin today after 'productive' Kyiv talks

US envoy Steve Witkoff on Monday held a new meeting with Ukrainian negotiator Rustem Umerov, the country’s security council secretary, in Florida, sources told AFP.

time to read

1 mins

December 02, 2025

Hindustan Times Mumbai

Bridging communication gap key as Rohit and Virat find old touch

Even though questions around Rohit and Virat’s futures pop up, their ODI numbers in 2025 highlight their relevance in the team.

time to read

3 mins

December 02, 2025

Hindustan Times Mumbai

W.H.O. BACKS GLP-1 THERAPIES FOR OBESITY BUT WARNS ABOUT LIMITED ACCESS

The World Health Organisation on Monday issued its first guideline on the use of GLP-1 therapies for obesity, conditionally recommending them as part of long-term treatment for the condition, which affects more than 1 billion people globally according to the agency.

time to read

1 min

December 02, 2025

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