The chief minister made these remarks in reaction to a social media post by Prime Minister Narendra Modi, who termed the 8.2 per cent GDP growth rate as very encouraging.
This marks the sector’s slowest growth since May, despite a boost in business confidence due to tax relief measures.
Bery also pointed out that aggregate employment has increased by 150 million, of which 80 million women entered agricultural work.
On the Multi Commodity Exchange, silver futures for December delivery rallied Rs 291 or 0.22 per cent to touch a record high of Rs 1,29,720 per kg.
India’s CAD was at 0.6 per cent of GDP in FY25, marginally lower than 0.7 per cent of GDP in FY24, primarily due to higher net invisibles receipts.
The government is considering placing most essential manufactured items under a 5% GST slab, while fertilizer companies may get relief from the Input Distribution System (IDS) to ease operational and cost pressures.
Speaking at the annual Fibac event, Malhotra expressed optimism about ongoing US-India trade negotiations that aim to mitigate tariff impacts on the domestic economy.
India’s affordable housing sector faces pressure as construction costs jump nearly 40% in five years. Developers warn of shrinking margins and delayed launches, urging GST reforms.
The reforms propose slashing tax rates to just two slabs—5% and 18%—from the current four, boosting economic activity and consumption by making daily-use items more affordable.
First approved in September 2021, the Rs 10,683 crore PLI scheme aims to invigorate the sector, focusing on segments likely to boost domestic manufacturing and exports.
Announcing the monetary policy on Wednesday, RBI Governor Sanjay Malhotra said that the central bank continues to see resilience in domestic activity, supported by favourable macroeconomic conditions.
According to the RBI Governor, headline CPI inflation declined for the eighth consecutive month, reaching a 77-month low of 2.1 per cent in June.
With the August 1 deadline approaching, the India-US trade deal remains unsigned. Key issues like farm sector access and tariff relief are unresolved, raising questions about whether Trump will extend talks.
According to the World Bank’s Global Findex 2025 report, 35% of bank account holders in India had inactive accounts in 2021, much higher than other developing countries’ average.
The auction will cover both issue of new government security and the re-issue of an existing one.
This slowdown is primarily due to weak performances in the manufacturing, mining, and power sectors.
During the recent monetary policy meeting, RBI Governor Sanjay Malhotra assured that this significant forex reserve is sufficient to cover 11 months of imports and approximately 96% of India’s external debt.
This easing trend is attributed to falling prices of food articles, manufactured products, and fuel.
This figure, released by S&P Global, shows the weakest improvement since February but remains significantly above the neutral 50.0 mark, suggesting continued expansion.
