The 25 per cent US tariffs, plus a penalty for Russian imports, could dent India's GDP growth by 30 basis points in the current fiscal, but the higher duty is unlikely to significantly affect India's domestic demand-driven economy, Barclays said on Thursday. If the 25 per cent tariff, announced by US President Donald Trump on Wednesday, is implemented from August 1, the effective average US import tariff on Indian goods will rise to 20.6 per cent in trade-weighted terms, as per Barclays estimates.
Inflation is likely to drop to 5.4 per cent in FY 2014.
'The unexpected turn of events and assertion of sovereignty by the Taliban has baffled the Pakistan security establishment.'
The growth will be driven by favourable external demand and domestic structural reforms push.
South and South-West Asia could witness an economic growth of 5.3 per cent in 2015, which will be a four-year high.
US President Donald Trump announced a new global levy on imported items, resulting in a lower tariff rate for India, following a Supreme Court verdict against his previous sweeping tariffs.
President Droupadi Murmu addressed Parliament, urging unity on national issues like 'Viksit Bharat', swadeshi, and national security. She highlighted government initiatives and the nation's progress.
The Central government is stuck between the devil and the deep blue sea as far as the runaway fuel prices are concerned.
Former England captain Kevin Pietersen believes India are the favorites to win the T20 World Cup, but cautions that the format is unpredictable and that India's 'favourites' tag comes with its own dangers.
The government's Budget announcements providing tax holiday for data centres, setting up of city economic regions (CERs) and funding to improve infrastructure in Tier-II and -III cities may give an indirect boost to India's realty sector, said industry executives.
Tata Motors' commercial vehicle (CV) business debuted on the BSE on Wednesday, completing the automaker's long-planned demerger into separate listed entities for its passenger and CV operations.
The two countries agreed to intensify coordination to deal with terrorism as Swaraj met top Israeli leadership and discussed a wide-range of bilateral and regional issues.
'It could be a slightly unpopular choice because he hasn't scored even 1,000 runs in List A cricket.'
India will be the world's third-largest economy by 2028 as it becomes the world's most sought-after consumer market and gains share in global output, driven by macro stability influenced policy and better infrastructure, Morgan Stanley said. From a $3.5 trillion economy in 2023, the Indian economy is projected to expand to $4.7 trillion in 2026, which will make it the fourth largest in the world behind the US, China and Germany.
Internet subscribers, income growth, literacy and dependency ratio are the biggest drivers of growth.
