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gdp

GDP may grow beyond projected 6.7%: RBI DG

RBI’s Poonam Gupta sees India growing above 6.7% forecast, says 7.5% is ‘a given’ CHENNAI: Despite multiple challenges, including the oil and tariff crises, heightened global uncertainty and the possibility of a rainfall deficit, India’s GDP is likely to grow faster than Reserve Bank of India‘s projected 6.7% this fiscal, RBI deputy governor Poonam Gupta...
construction equipment scheme

Why India is betting $1.2 billion on homegrown tunnel boring machines and other construction equipment

The plan will also include local value-addition targets for machines that are currently fully imported (representative image) India is set to approve a $1.2-billion incentive scheme for manufacturing high-value and technologically advanced construction and infrastructure equipment, as the government seeks to reduce the country’s dependence on China for critical machinery, according to two government sources...
hydrogen train

World’s most powerful: Indian Railways eyes 35 hydrogen trains; looks at cheaper green fuel

PM Narendra Modi had last month flagged off India’s first hydrogen-powered train. Within a month of launching its first hydrogen-powered train, Indian Railways is now looking for cheaper green hydrogen options to expand operations. Indian Railways is considering several measures to expand the pool of green hydrogen suppliers and bring down procurement expenses, including providing...
us sanctions iran

Us Sanctions On Iran: ‘One-two punch’: US vows toughest-ever Iran sanctions, presses China to help reopen Hormuz

File photo: US treasury secretary Scott Bessent speaks to members of the media in Washington (Picture credit: AP) The United States is preparing what treasury secretary Scott Bessent described as the “toughest sanctions in history” against Iran, as Washington seeks to intensify economic pressure on Tehran and force the country towards a settlement.Bessent said the...
growth

Core sector growth rises to 5.4% in July

Core sector growth rises to 5.4% in July, cement and iron ore drive expansion NEW DELHI: Core sector grew 5.4% in July, compared with 3.2% a year ago, official data released on Thursday showed. Sequentially, the growth marked a slowdown from an upwardly revised figure of 6% in June. The new series, with revised base...
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