archiveIndia economy

Escalating tensions between Israel and Iran pushed global oil prices up, leading to a decline in the Indian currency and the nation’s equity markets. Major market benchmarks, the BSE Sensex and the NSE Nifty fell by afternoon trade despite a brief recovery run during brunch hours. The Sensex lost more than 346 points to hit a day low of 81.237.01 while Nifty shed 102 points to a low of 24750.45 so far. TCS, Hindustan Unilever, Adani Ports, Bajaj Finserv, NTPC, HCL Tech, and Tata Motors led the laggards in the...

Over the weekend Niti Aayog CEO BVR Subrahmanyam declared that India had overtaken Japan to become the fourth-largest economy in the world. He based this claim on data from the International Monetary Fund (IMF).This claim reportedly led to two fairly divergent reactions.First, a wave of self-congratulation among Indians who take this particular detail as a clinching argument that the government of the day has brought about a fundamental improvement in India’s economy.Second, an examination of the claim and a counter-assertion, again based on IMF data, that India is still the...

Rising tensions between India and Pakistan following recent military action appear unlikely to significantly affect foreign investor sentiment toward Indian markets, according to analysts and market participants quoted in a Reuters report.India’s economy, which recently crossed the $4 trillion mark, has minimal direct trade with Pakistan. As a result, cross-border missile strikes carried out by India had limited immediate impact on domestic equities, currencies, or bonds.Investors believe that the likelihood of a full-scale conflict remains low. Ajay Marwaha, head of fixed income at Nuvama Group, told the news agency that...