The CEA also addressed recent revisions in nominal GDP estimates, which have provided a clearer picture of economic performance. He noted that earlier, tax revenue buoyancy appeared unusually high, but with GDP revisions, the numbers now reflect a more balanced view.
In an exclusive interaction with CNBC-TV18, World Bank Country Director Auguste Tano Kouame laid out a detailed roadmap for how India can become a high-income nation by 2047. According to Kouame, achieving this ambitious goal will require India to sustain an average growth rate of 7.8% over the next 22 years, backed by strong investment, labour reforms, and an enabling business environment.
Shares of Mankind Pharma Ltd ended at ₹2,290.05, down by ₹3.85, or 0.17%, on the BSE.
In a bid to strengthen ties between India and the European Union, Prime Minister Narendra Modi met European Commission President Ursula von der Leyen in New Delhi today. In what is one of the largest delegations to come to India, 22 commissioners from the EU are part of the delegation led by European Commission President Ursula von der Leyen. The commissioners’ visit to India comes at a time when ties between the EU and US are under pressure. US President Donald Trump has threatened 25% tariffs on the European Union. This comes after Trump claimed that the EU was formed to ‘screw’ the US.
Shares of Dalmia Bharat Ltd ended at ₹1,695.00, down by ₹34.50, or 1.99%, on the BSE.
India’s Chief Economic Adviser (CEA) V Anantha Nageswaran highlighted three major factors supporting this optimistic projection.
Shares of Ujjivan Small Finance Bank Ltd ended at ₹32.14, down by ₹0.48, or 1.47%, on the BSE.
The demand was issued following an annual scrutiny of GST filings, where authorities identified certain discrepancies. Shares of Indian Overseas Bank ended at ₹43.54, down by ₹2.08, or 4.56%, on the BSE.
Zerodha Co-Founder Nithin Kamath warns of a significant downturn in the broking industry as trading volumes drop by over 30%, marking the first instance of degrowth in 15 years. Kamath highlights the implications for STT revenues and discusses the broader effects of market volatility, including foreign investor outflows and the ongoing correction in Indian equities.
If signed, an FTA between India and the EU would be the largest deal of its kind anywhere in the world. Describing India as the voice of the Global South, the European Commission President termed 2025 an inflection point in history and said that the time is opportune for a trade deal between the EU and the world’s largest democracy.
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