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India is at the threshold of one of the most promising economic decades in its modern history, yet the hard arithmetic underlying growth reflects a more fragile situation than our headline GDP figures suggest. Economists apply the Sala-i-Martin framework to break growth down into its core components and ask a simple-yet-powerful question: How much of the rise in output per worker can be attributed to the use of more capital (a single factor of production), and how much can be attributed to India becoming more productive on the whole? The results from India’s growth decomposition between 1990 and 2023 reflect the emergence of a two-pronged challenge: capital deepening is now uneven and no longer accelerating, while total factor productivity (TFP) has remained stubbornly stagnant.

Subscribe to enjoy similar stories. Non-Resident Indians (NRIs) have long looked to India’s mutual funds for wealth creation — but taxation on capital gains remained a grey area. Recent rulings by the Income Tax Appellate Tribunal (ITAT) have now brought meaningful clarity: NRIs in countries with favourable Double Taxation Avoidance Agreements (DTAAs) may be taxed only in their country of residence, not in India.

Subscribe to enjoy similar stories. BENGALURU: Property developer Address Maker has struck a ₹200 crore private credit deal with AI Growth Pvt. Ltd (AIGPL) to help with its projects, purchase of land and plans to enter new markets, top executives of both companies said.

Subscribe to enjoy similar stories. The Delhi High Court on Tuesday allowed domestic drugmaker Dr Reddy’s Laboratories to manufacture and export its generic version of semaglutide to countries where the patent-holder Novo Nordisk does not have patent protection. Notably, semaglutide is the compound behind the Danish drugmaker’s blockbuster weight-loss drug Ozempic.

semiconductor startup founder has issued a strong rebuttal to Union Minister Piyush Goyal’s recent criticism of Indian consumer internet startups, highlighting the challenges faced by deep-tech entrepreneurs in India. At Startup Mahakumbh 2025, Goyal had taken a swipe at the direction many startups were heading, saying, “Do we have to make ice cream or chips? Dukaandari hi karna hai?” His comments suggested a preference for innovation in areas like semiconductors over consumer-facing ventures such as food delivery or boutique D2C products. Also Read: Zepto's Aadit Palicha, Mohandas Pai react to Piyush Goyal's comments on Indian startups

Prithvi Subba Gurung on Sunday said that former King Gyanendra breached the agreement he had reached with political parties that he would honour the constitution. «The government will take action if he continues to indulge in activities directed against the constitution,» he said. Speaking at a programme in Lamjung district, Gurung said, «The ex-monarch has violated the agreement he had reached with the political parties in the past that he would honour the constitution and not indulge in activity that would undermine the sovereign people.» Gyanendra had reached the agreement with political parties that the government would let his mother, former queen Ratna Rajyalaxmi Shah, to live in a section of Narayanhiti Palace, and to let him live in Nagarjun Palace on the outskirts of Kathmandu, he said. The government had agreed to provide him with the facilities entitled to a former head of the state and that he would honour the constitution and also not interfere with sovereign rights of the Nepalese citizens, Gurung added. However, the former king had breached the agreement with his statement during the democracy day on February 19, he said.

Europe and US are mulling opening overseas chapters of Prayagraj-based 'Ram Naam Bank' in their countries. On the occasion of Ram Navami on Sunday, the idea of opening a Ram Naam Bank was discussed among the devotees in Sweden. Nityanand Sharma, an IT Solution Architect, who works for a global furniture retailer in Sweden's Almhult and manages the affairs of a local temple there, said people were enamoured by the idea of a bank that propagates the name of Lord Ram. «The name of Lord Ram is powerful and effective enough to dispel doubts, fears and anxiety. That is why the concept propagated by Prayagraj-based Ram Naam Bank, of embracing the divine presence by writing his name 108 times a day in a booklet has many takers globally,» he said.

White House to begin trade talks, a top economic adviser to U.S. President Donald Trump said on Sunday as U.S. officials sought to defend sweeping new tariffs that have unleashed global turmoil. During an interview on ABC News' 'This Week,' U.S. National Economic Council Director Kevin Hassett denied that the tariffs were part of a strategy by Trump to crash financial markets to pressure the U.S. Federal Reserve to cut interest rates. He said there were would be no «political coercion» of the central bank. In a Truth Social post on Friday, Trump shared a video that suggested his tariffs aimed to hammer the stock market on purpose in a bid to force lower interest rates. In a separate interview on NBC News's Meet the Press, U.S. Treasury Secretary Scott Bessent downplayed the stock market drop and said there was «no reason» to anticipate a recession based on the tariffs. Trump jolted economies around the world after he announced broad tariffs on U.S. imports on Wednesday, triggering retaliatory levies from China and sparking fears of a globe trade war and recession.

Hindustan Aeronautics Limited (HAL) is looking to outsource work worth around Rs 25,000 crore to the private sector firms. The Cabinet Committee on Security on Friday cleared the mega Rs 62,500 crore deal, and the contract between the Defence Ministry and the HAL was signed on the same day. «We are going to follow the Light Combat Aircraft manufacturing model in this programme as well. The HAL would soon be issuing tenders for involving the private sector in a big way in the Light Combat helicopter (LCh) project,» defence officials told ANI. In the LCA project also, different sections of the aircraft like fuselage, wings etc have been given to different private sector companies like Larsen and Toubro and Vem Technologies, they said. Around 40 per cent of the work share in the Rs 62,500 crore project is planned to be outsourced to the private industry. This is also going to help in further expanding the defence industrial ecosystem in the country at all levels, the officials said

Congress has had a historical connection with Gujarat as its stalwarts, Mahatma Gandhi and Vallabhbhai Patel, hailed from there and the party has held five of its sessions in the state, with each of those contributing in shaping the country's history. The upcoming All India Congress Committee (AICC) session in Ahmedabad on April 8-9 will be the party's sixth in the state and the second post independence. It will also be the Congress's third session in Ahmedabad since its formation in 1885. In a video statement, Congress general secretary in-charge of Gujarat affairs Mukul Wasnik said on Sunday that the session would be attended by party president Mallikarjun Kharge, former party chiefs Sonia Gandhi and Rahul Gandhi and other top leaders. He said all key issues facing the country and political challenges will be discussed at the session and the direction of Indian politics shaped. A couple of days before the session, Congress general secretary in-charge communications Jairam Ramesh put out on X the official records of the past sessions held in Gujarat.

Delhi Metro Rail Corporation (DMRC) is set to introduce the country's first metro corridor designed for operations with three-coach trains on the upcoming Lajpat Nagar-Saket G Block route, officials said on Sunday. A part of Phase-IV of the Delhi Metro project, the corridor will span eight kilometer and be the second-smallest in the network, the DMRC said in a statement. The line aims to enhance last-mile connectivity and ensure seamless interchange with existing corridors, it said. Unlike other metro lines that operate with four, six or eight coaches, the new corridor will use 3-coach trains, developed specifically for short-distance urban travel, the statement said.

Nayab Singh Saini Sunday said 'Agniveers' will be provided 20 per cent reservation in the police recruitment in the state. In July 2024, months ahead of state assembly polls, the BJP government in the state had announced a 10 per cent reservation for Agniveers in the recruitment of constables, forest guards and jail wardens, along with quotas in other posts. Chairing a review meeting in Panchkula on Sunday, Saini said Haryana is the first state in the country which has secured the future of Agniveers by creating a provision for jobs after their service period in the armed forces. The Haryana Cabinet has already provided security cover to the Agniveers by implementing the Haryana Agniveer Policy-2024. According to an official statement, the chief minister said Agniveers will be provided 20 per cent reservation in the recruitment of state police. Saini said Agniveers will be able to get jobs in Haryana after their service period in the Army and for this, a separate portal will be created for them on which they can register themselves. After this, they will be given preference in jobs on the basis of educational qualification, he added.

Subscribe to enjoy similar stories. Chennai: In 1947, the US led 23 nations into signing the General Agreement on Tariffs and Trade (GATT). The effort was to lower trade and tariff barriers among nations.

Subscribe to enjoy similar stories. New Delhi: India's premium whisky, including single malts, headed to the US may not be hit even as the liquor sector may feel the heat of the additional 26% reciprocal tariffs introduced by the US. “An increase in tariffs does have an impact, but whether it will be significant or just a knee-jerk reaction will become clear only after the release of the detailed schedule in the next few days," said Vinod Giri, director general, Brewers Association of India (BAI).

Indian toy industry is ready to take advantage of the high tariffs imposed by the US on competitors such as China and Vietnam, and the domestic players have already begun work on expanding capacity and forming joint ventures with global firms, exporters said on Sunday. They added that India has emerged as a winner in the recent US tariff hikes, as the exporters are better positioned to absorb the impact compared to competitor countries that are facing higher import duties in America. While the US has imposed an additional 26 per cent import duty on India, its competitor Vietnam is facing 46 per cent tariff, Bangladesh 37 per cent, China 54 per cent, Indonesia 32 per cent, and Thailand 36 per cent. «Huge opportunities are there for our exporters now. Vietnam's exports are about USD 6 billion and China's are USD 80 billion. Now their items will face higher duties in the US than that of Indian toys. All big toy firms are exploring opportunities to set up plants in India,» the CEO of Playgro Toys India, Manu Gupta, said. India's toy exports are hovering in the range of USD 326 million to USD 348 million for the last three years, according to the industry. He said that early conclusion of a bilateral trade agreement with the US will also help Indian toy players to increase shipments.

Donald Trump’s tariff imposition, and is focusing efforts on negotiating a bilateral trade deal with the US to bring down duties, according to a Indian government official. The South Asian country is seeking dialogue and not confrontation, the official said, adding that India has first mover advantage compared to rivals in the region. India plans to work toward a balanced and equitable trade deal with the US, the official said. All options are up for negotiation, and both goods and services will be discussed, according to the official. The government is also in touch with exporters on the expected impact and will help if they reach out. Trump last week announced a 26% tariff on US imports from India, dealing a blow to exporters and risking exacerbating a slowdown in an economy already suffering from weak consumer confidence. A lower negotiated rate could provide some relief, though escalating global trade tensions are still a threat. During his visit to Washington after Trump’s return to the Oval Office, Prime Minister Narendra Modi and the US president agreed to negotiate a bilateral trade deal by the fall of this year.

Inaugurating the new Pamban bridge here, he said it was the country's first vertical lift railway sea bridge. Modi said efforts were on to take Tamil language, heritage to all corners of the world. Without naming anyone, Modi said he gets letters from leaders of Tamil Nadu and «they do not sign in Tamil. »At least put your signature in Tamil."

The mineral-rich country's main trading partners are the United Arab Emirates, South Africa and China, and its limited exports to the US comprise mainly of tobacco and sugar. «I will direct the Zimbabwean government to implement a suspension of all tariffs levied on goods originating from the United States,» President Emmerson Mnangagwa said in a post on X. This announcement was «intended to facilitate the expansion of American imports within the Zimbabwean market, while simultaneously promoting the growth of Zimbabwean exports destined for the United States,» he said. The total goods trade between the two countries amounted to $111.6 million in 2024, according to US government data.

Fitch Ratings said in a note. Post the higher-than-anticipated tariffs imposed the US administration, the rating agency projected that US growth in 2025 is likely to be slower than the 1.7 per cent that it had projected in March. According to Fitch Ratings, tariff hikes will result in higher consumer prices and lower corporate profits in the US. «Higher prices will squeeze real wages, weighing on consumer spending, while lower profits and policy uncertainty will act as a drag on business investment,» Fitch said. «Upward pressure on goods prices from tariffs — in the context of a recent large jump in US households' medium-term inflation expectations — means the Fed is likely to become more cautious about further rate cuts in the near term.»

Congress general secretary Sachin Pilot on Sunday said that Prime Minister Narendra Modi should have worked out a constructive solution during his last America visit rather than just indulging in «photo ops» and exchanging gifts. He said that at a time the world is responding to the imposition of reciprocal tariffs by the US, the Indian government is merely buying time and leaving everything to fate. In an interview to PTI, the former minister for Corporate Affairs said the Indian government is accepting what has been given out and has not even offered a response. «I would imagine, when the PM was in Washington (in February) and met the president of the US, instead of just photo ops and exchanging gifts, something more constructive should have come out of it,» Pilot said. «If our relations are as strong as the two leaders claim, then we would not have been slapped with these steep tariffs. Clearly our exports will be severely hit, manufacturing was in any way on a downside, MSMEs are in for a shock...The economy will face severe stress due to resulting layoffs and job losses but unfortunately we have not had an adequate response or even an indication of how to navigate this situation.» he said. The government was caught napping and it seems under US pressure to sacrifice Indian interests, he alleged.

reciprocal tariffs by the US on other competing nations raises the possibility of increased dumping by those nations in India, as well as in other export markets, which could negatively impact certain sectors, CareEdge Ratings said in a report. According to the report ' Sectoral Impact of US Reciprocal Tariff: Neutral to Negative, ' the expected direct impact of US reciprocal tariffs would vary, with no impact expected on pharmaceuticals since they are exempt from reciprocal tariffs for now. According to the rating agency, the impact is expected to be largely neutral for electronics, textiles, agricultural products, chemicals, and automobiles and parts. At the same time, it would be negative for gems and jewellery. During 2023-24, India's aggregate merchandise exports to the US stood at USD 77.5 billion compared to its imports from the US at USD 42.2 billion. Out of India's total exports to the US, the sectors in descending order of value are electronics, textiles, pharmaceuticals, gems and jewellery, agricultural products, chemicals and automobiles and parts.