News for 'economy'

Digital Economy to Contribute 20% to India's GDP by 2030

Digital Economy to Contribute 20% to India's GDP by 2030

Rediff.com17 Mar 2026

India's digital economy is projected to constitute nearly 20 per cent of the nation's GDP by 2030, fuelled by a growth rate twice as fast as the overall economy, according to a senior government official.

India's economy to grow above 7% in FY27 despite global slowdown risks: Assocham

India's economy to grow above 7% in FY27 despite global slowdown risks: Assocham

Rediff.com27 Mar 2026

India's economy is projected to maintain growth above 7 per cent in 2026-27 (FY27), supported by strong domestic consumption and investment, even as global growth faces risks from geopolitical tensions, according to industry body Assocham.

Hormuz Crisis Threatens Global Economy

Hormuz Crisis Threatens Global Economy

Rediff.com12 Mar 2026

When missiles fly in this region, they are never just aimed at military targets.

Strikes Shake India's Gig Economy

Strikes Shake India's Gig Economy

Rediff.com21 Feb 2026

Two of the three strikes are related to the gig economy, a centrepiece of the new labour Codes.

Karnataka Aims for AI-Driven Creative Economy

Karnataka Aims for AI-Driven Creative Economy

Rediff.com1 Mar 2026

Karnataka is prioritizing the AVGC sector in its AI-driven creative economy, emphasizing IP creation, responsible AI adoption, and large-scale skilling, according to Minister Priyank Kharge.

Is AI Really Boosting India's Economy?

Is AI Really Boosting India's Economy?

Rediff.com12 Feb 2026

'The real risk is not that AI will fail to transform India's economy.'
'The risk is that it already is -- while our measurement systems continue to look the other way,' observes Nishant Sahdev, a theoretical physicist at the University of North Carolina.

TMC Slams Modi for 'False Narrative' on Bengal's Economy and Employment

TMC Slams Modi for 'False Narrative' on Bengal's Economy and Employment

Rediff.com14 Mar 2026

The Trinamool Congress (TMC) has accused Prime Minister Narendra Modi of presenting a misleading picture of West Bengal's development and employment situation during a rally in Kolkata, alleging that he is acting more as a BJP campaigner than as the Prime Minister.

Budget reflects a maturing economy

Budget reflects a maturing economy

Rediff.com11 Feb 2026

The Budget reflects a clear focus on strengthening India's long-term prospects by leaning on nation-building sectors such as infrastructure, manufacturing, and technology while maintaining fiscal responsibility.

The Gulf War: Prem Panicker's Must Read Blog!

The Gulf War: Prem Panicker's Must Read Blog!

Rediff.com1 days ago

Prem Panicker's Must Read Blog On The Gulf War.

Chhattisgarh Focuses on Bastar Development After Naxalism 'Elimination'

Chhattisgarh Focuses on Bastar Development After Naxalism 'Elimination'

Rediff.com4 days ago

The Chhattisgarh government is shifting its focus to the development of the Bastar region after claiming the elimination of armed Naxalism. The plan includes preserving tribal culture, creating economic opportunities for youth, and strengthening the economy through forest produce and women-led self-help groups.

Iran conflict could shave off 1% point from India's FY27 GDP growth projections: EY

Iran conflict could shave off 1% point from India's FY27 GDP growth projections: EY

Rediff.com4 days ago

A new report suggests that prolonged conflict in the Middle East could significantly impact India's GDP growth and inflation.

Gulf War: Time India Distances Itself From Israel

Gulf War: Time India Distances Itself From Israel

Rediff.com4 days ago

It may now be time to question the price India is paying for Israel's disregard of the serious undermining of India's energy security, asserts former foreign secretary Shyam Saran.

Harpreet Brar Determined to Earn India A Call-Up After IPL Performances

Harpreet Brar Determined to Earn India A Call-Up After IPL Performances

Rediff.com5 days ago

Left-arm spinner Harpreet Brar expresses his desire to play for India A after consistent performances in the IPL, drawing inspiration from his Punjab teammates and aiming to improve his economy rate.

Airpay and MSCB Team Up to Expand Digital Payments in Maharashtra's Rural Co-operative Sector

Airpay and MSCB Team Up to Expand Digital Payments in Maharashtra's Rural Co-operative Sector

Rediff.com27 Mar 2026

Airpay Payment Services has partnered with Maharashtra State Co-operative Bank (MSCB) to enable UPI-based digital payments across the lender's network in Maharashtra, aiming to accelerate financial inclusion in rural areas.

India, Russia discuss strengthening ties amid West Asia conflict

India, Russia discuss strengthening ties amid West Asia conflict

Rediff.com1 days ago

Russia's First Deputy Prime Minister Denis Manturov met with Indian leaders to discuss strengthening bilateral ties in key sectors amidst the escalating conflict in West Asia.

Forex reserves drop by $10.29 billion to $688.06 billion

Forex reserves drop by $10.29 billion to $688.06 billion

Rediff.com20 hours ago

India's foreign exchange reserves decreased by USD 10.288 billion to USD 688.058 billion during the week ending March 27, according to the Reserve Bank of India (RBI). This decline follows a previous decrease and comes after the reserves reached an all-time high in February.

TMC's Banerjee Alleges BJP Plot to Alter Bengal's Demography Ahead of Elections

TMC's Banerjee Alleges BJP Plot to Alter Bengal's Demography Ahead of Elections

Rediff.com4 days ago

TMC leader Abhishek Banerjee accuses the BJP of attempting to alter West Bengal's demography by importing voters from other states ahead of the 2026 assembly elections, alleging a conspiracy to undermine the democratic rights of local residents.

Thousands Brave Rain for Jammu's Inaugural International Marathon

Thousands Brave Rain for Jammu's Inaugural International Marathon

Rediff.com6 days ago

Thousands of runners participated in Jammu's first international marathon, braving incessant rain. The event featured multiple race categories, celebrity participation, and a significant prize pool, aiming to boost tourism and promote a healthy lifestyle.

India's GDP Projected to Grow Robustly Amidst Middle East Tensions, Says OECD

India's GDP Projected to Grow Robustly Amidst Middle East Tensions, Says OECD

Rediff.com26 Mar 2026

The OECD projects India's GDP to grow at 7.6% in the current fiscal year and 6.1% in 2026-27, despite global economic challenges stemming from the Middle East conflict and energy price volatility.

If not weaponised, everything today is being...: Jaishankar

If not weaponised, everything today is being...: Jaishankar

Rediff.com4 hours ago

External Affairs Minister S Jaishankar stated that India has demonstrated resilience in the face of recent global shocks, including the conflict in West Asia, while speaking at the convocation ceremony of IIM Raipur. He emphasised the importance of building national capabilities to de-risk and develop leverage in a changing global order.

West Asia crisis: Govt mulls more relief packages for vulnerable sectors

West Asia crisis: Govt mulls more relief packages for vulnerable sectors

Rediff.com5 days ago

The Indian government is considering additional relief packages for vulnerable sectors like MSMEs to mitigate the impact of the ongoing West Asia crisis on the economy and inflation.

Russia offers fertiliser aid to Global South, East amid Hormuz concerns

Russia offers fertiliser aid to Global South, East amid Hormuz concerns

Rediff.com3 days ago

A senior Russian official has stated that Russia is prepared to supply fertilisers and other agricultural products to countries in the Global South and East, following concerns about the closure of the Strait of Hormuz impacting global fertiliser exports and food security.

PM Modi Highlights Worrisome West Asia Situation and Impact on India

PM Modi Highlights Worrisome West Asia Situation and Impact on India

Rediff.com23 Mar 2026

Prime Minister Narendra Modi addressed the Lok Sabha on the West Asia crisis, expressing concern over its impact on the global economy and assuring the safety of Indian citizens in the region.

PM Modi Highlights Worrisome West Asia Situation and Impact on India

PM Modi Highlights Worrisome West Asia Situation and Impact on India

Rediff.com23 Mar 2026

Prime Minister Narendra Modi addressed the Lok Sabha on the West Asia crisis, expressing concern over its impact on the global economy and assuring the safety of Indian citizens in the region.

Crude above $100 will push inflation beyond 6%, trigger rate hikes: HSBC

Crude above $100 will push inflation beyond 6%, trigger rate hikes: HSBC

Rediff.com21 hours ago

A foreign brokerage warns that sustained crude oil prices above USD 100 per barrel could push India's inflation above the RBI's tolerance level, potentially triggering interest rate hikes.

Five Risks For The Indian Economy

Five Risks For The Indian Economy

Rediff.com22 Jan 2026

India has managed high government debt-to-GDP, a slowing domestic revenue engine, lower household savings and a more hostile geopolitical environment separately in the past. But together, they threaten to undo the growth narrative on which today's optimism rests, warns Debashis Basu.

India's Economic Outlook: S&P ups India's FY27 growth forecast to 7.1%

India's Economic Outlook: S&P ups India's FY27 growth forecast to 7.1%

Rediff.com25 Mar 2026

S&P Global Ratings has increased India's GDP growth forecast for the next fiscal year to 7.1 per cent, citing private consumption, investment, and exports as key drivers. However, the agency also cautioned that the conflict in the Middle East could strain India's fiscal position due to higher energy prices.

Bikaner's Bhujia, Papad Exports Hit by West Asia Conflict

Bikaner's Bhujia, Papad Exports Hit by West Asia Conflict

Rediff.com3 hours ago

The ongoing conflict in West Asia is severely disrupting Bikaner's food exports, causing delays, rising costs, and impacting the supply of popular snacks like bhujia and papad to Gulf and European markets.

Will Ponting, Shreyas Finally End Punjab Kings' IPL Curse?

Will Ponting, Shreyas Finally End Punjab Kings' IPL Curse?

Rediff.com4 days ago

For a franchise that has waited for nearly two decades for an IPL crown, could this be the year when Punjab Kings finally create IPL history?

Brazil Potash CEO: 'World might face food crisis if war continues till end of April'

Brazil Potash CEO: 'World might face food crisis if war continues till end of April'

Rediff.com10 minutes ago

"The world might face a food crisis if the war continued till the end of April, as it could have a dramatic impact on planting in Europe and North America," said Matt Simpson, CEO of Brazil Potash.

Markets underpricing oil shock risk amid West Asia conflict, say analysts

Markets underpricing oil shock risk amid West Asia conflict, say analysts

Rediff.com4 days ago

Analysts warn that global markets are significantly underpricing the risk of an oil price shock, with Brent crude potentially soaring to $150 per barrel if the West Asia conflict escalates or damages critical oil and gas infrastructure. This could lead to severe inflation and economic repercussions, particularly for import-dependent nations like India.

Goldman Cuts India Market Outlook

Goldman Cuts India Market Outlook

Rediff.com27 Mar 2026

Goldman Sachs has materially lowered its earnings growth forecast for Indian companies by a cumulative 9 percentage points over the next two years.

Indian Manufacturing Growth Hits Four-Year Low: What's Behind the Slowdown?

Indian Manufacturing Growth Hits Four-Year Low: What's Behind the Slowdown?

Rediff.com2 days ago

India's manufacturing sector growth slowed to a four-year low in March, impacted by cost pressures, competition, market uncertainty, and the Middle East conflict, according to the HSBC India Manufacturing PMI.

Bharat Taxi Navigates Competition and Digital Adoption Hurdles

Bharat Taxi Navigates Competition and Digital Adoption Hurdles

Rediff.com3 days ago

Cooperation Minister Amit Shah addressed Parliament regarding the challenges faced by Bharat Taxi, a government-backed cooperative ride-hailing platform, including competition from established private aggregators and resistance to digital adoption among drivers.

Economic Survey says US tariffs are 'most disruptive' in global economy

Economic Survey says US tariffs are 'most disruptive' in global economy

Rediff.com29 Jan 2026

India must focus on building enduring national capabilities and economic sovereignty in the face of shrinking space for rules-based trading, anti-immigrant stance, weaponization of energy sources and growing use of export controls in critical sectors, the Economic Survey said on Thursday.

India Introduces AI Curriculum for Classes 3-8: What It Means for Students

India Introduces AI Curriculum for Classes 3-8: What It Means for Students

Rediff.com2 days ago

Union Education Minister Dharmendra Pradhan launched an artificial intelligence and computational thinking curriculum for classes 3 to 8, aiming to integrate structured AI education into the school system.

'I Don't Want To Let Down The Economy...'

'I Don't Want To Let Down The Economy...'

Rediff.com9 Feb 2026

'This Budget has a one-year agenda, which you can call the sprint, and the marathon is towards Viksit Bharat.'

'US Iran strategy may backfire, trigger oil shock and hit India hard'

'US Iran strategy may backfire, trigger oil shock and hit India hard'

Rediff.com1 days ago

Srivastava warned that continued bombing of Iran by the US and Israel could severely undermine any prospects of reopening critical maritime routes through negotiation with Tehran.

8 Straits That Rule The Shipping World

8 Straits That Rule The Shipping World

Rediff.com1 days ago

Which are the world's most vital straits, important to shipping?

IPL 2026: Varun, Rinku's form a worry for KKR

IPL 2026: Varun, Rinku's form a worry for KKR

Rediff.com21 Mar 2026

Rinku Singh's dip in form and Varun Chakravarthy's confidence issues pose key challenges for KKR ahead of IPL 2026, says Irfan Pathan.