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Subscribe to enjoy similar stories. India’s share markets are reeling from a significant sell-off, just completing a disastrous week and the fifth straight month of free fall. The decline is fuelled by global headwinds and a palpable sense of investor panic.

Retail Kaleidoscope' prepared jointly by the Boston Consulting Group (BCG) and the Retailers Association of India (RAI). The Indian retail market is expected to reach over ₹190 lakh crore by 2034 and retailers capable of embracing the country's diverse demographics and contrasting consumer behaviours stand to gain the most, according to the report With distinct consumer groups, each with their own unique needs even within a city, retailers will need to recognise the different opportunities and pick sharply where they want to play to be successful in 'Bharat' and 'India', said the report.

While tier 1 cities remain key hubs, the market is expanding significantly in 12 emerging tier 2-3 cities, fuelled by a consumption boom, with a major share of online purchases now originating from these regions. Government initiatives, such as the Urban Infrastructure Development Fund, which allocates ₹10,000 crore annually to enhance 459 tier 2 and 580 tier 3 cities, are further accelerating this growth.

Wopke Hoekstra, the European Commissioner for Climate, Net Zero and Clean Growth, feels when it comes to the India-EU partnership, «the sky truly is the limit for the future». This comes at a time when countries are grappling with challenges on multiple fronts-geopolitical headwinds, the need to secure industrial competitiveness while also tackling climate change. Bullish on India's efforts to transition to a low-carbon economy while expanding the country's economic output and bridging development gaps, Hoekstra, who was in Delhi last week, spoke of the potential for increased India-EU cooperation in areas like renewables and batteries, building the clean manufacturing industrial base in India and Europe, and delivering on the promise of carbon markets.

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local value addition and this must be considered when assessing trade balances between the two countries, think tank GTRI said Sunday. iPhones, solar panels, diamonds and petrochemicals are sectors where local value addition in exported goods and contribute far less to India's economy than their headline figures suggest, it said and urged the government to convey to the US administration that India’s import duties are in compliance with the global trade rules. India has the option to retaliate to the US’ proposed reciprocal tariffs by raising duties on certain American goods, taxing their digital firms or issuing compulsory licenses for patented drugs, GTRI said but cautioned that such countermeasures would provoke further action by Washington, escalating into a trade war that could significantly hurt India.

Niti Aayog CEO Amitabh Kant has said that Indians must work hard to reach the ambitious goal of making India a USD 30 trillion economy by 2047. Speaking on the ongoing debate about work hours, he pointed out that countries like Japan, South Korea, and China achieved economic success through a strong work ethic. He suggested that India must adopt a similar mindset to build a world-class economy. “I strongly believe in hard work. Indians must work hard, whether it’s 80 hours or 90 hours a week. If your ambition is to move from a USD 4 trillion to a USD 30 trillion economy, you can’t do it through entertainment or by following the views of some film stars,” Kant said at Business Standard’s Manthan summit. Currently, India’s economy stands at around USD 4 trillion. Kant also said that India must focus on delivering projects ahead of time, maintaining world-class standards, and avoiding time and cost overruns.

Subscribe to enjoy similar stories. In a widely anticipated move to balance the objectives of growth and inflation, the Reserve Bank of India (RBI) reduced its repo rate by 25 basis points (bps) to 6.25% at the 7 February meeting of its Monetary Policy Committee (MPC), which voted unanimously for this cut. This reflects a proactive but calibrated approach to support an economic recovery, while staying focused on gradually aligning Consumer Price Index inflation with its mandated target of 4%.

Subscribe to enjoy similar stories. SOON AFTER he took power in 2012, Xi Jinping urged caution about China’s prospects. “The further our cause advances," he told fellow leaders, “the more new situations and problems will arise, the more risks and challenges we will face and the more unforeseen events we will encounter." As China’s economy flounders and social tensions increase—and with Donald Trump about to enter the White House—the coming year will be full of the kind of difficulties Mr Xi feared.

In India, the fastest-expanding major economy, economic growth quickened to close out 2024 on a pickup in government spending and strong rural-area consumption. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy, markets and geopolitics:

U.S.-Ukraine relations, the ongoing Russia-Ukraine war, and America’s role in international diplomacy.

NLC India Ltd (NLCIL) on Saturday said it has bagged a contract from SJVN Ltd to develop and operate a 200 MW wind power project. The project was secured through an e-reverse auction at a tariff of Rs 3.74 per kWh. «The project is set to generate 526 MU of clean green power each year offsetting an equivalent amount of greenhouse gas emissions,» a company statement said. The company has a target to achieve 10 GW renewable energy capacity by 2030.

Subscribe to enjoy similar stories. The U.S. economy has proved pessimists wrong so many times, it’s tempting to think nothing can stop it.

Subscribe to enjoy similar stories. FOR TWO years the war in Ukraine has been fought metre by blood-soaked metre. Suddenly, dramatic change is at hand.

Subscribe to enjoy similar stories. Work hard, children are told, and you will succeed. In recent decades this advice served the talented and the diligent well.

Gross domestic product (GDP) had grown at a seven-quarter low of 5.6% (revised up from 5.4%) in the second quarter. The full FY25 growth is now seen at 6.5%, a tad higher than the 6.4% estimated in the first advance estimate released in January. FY24 growth has been revised up to 9.2%, from 8.2% estimated earlier, the highest in the last 12 years, except for the post-Covid 9.7% rebound in FY22.

The Bank of Canada will halt rate cuts after a March trim if United States President Donald Trump imposes 25 per cent tariffs on most goods from Canada, say economists at Oxford Economics Group Ltd., a decision that would upend standard thought about how policymakers respond to such traumatic events.

Canada’s biggest banks beat analysts’ earnings expectations quite comfortably this week, which usually helps ease concerns linked to the economy, but that wasn’t the case this time around.

In the face of a trade war, Canadian business leaders are making big changes in the way they conduct operations — and many are moving away from their longtime trading partner on the other side of the border, according to a new Léger survey.

The United States sends tremendous support to its allies around the world, but the payback has typically been a more stable world — it doesn’t always work, mind you, as we have seen these past three years. But no country benefits more from a tranquil world than the U.S.

In the 20 trading sessions, they were buyers on just two instances — on February 18, when they had bought domestic shares worth Rs 4,786.6 crore and on February 4, when they purchased shares worth Rs 809.2 crore.