Economy
Bihar is trapped in a fiscal cycle where debt sustains expenditure but rarely builds assets. Here is a state which behind electoral fervour and populist promises struggling to balance ambition with capacity.
The government debt of West Bengal is expected to outgrow 8 lakh crore by the financial year 2025-26, and it is a considerable increase in the fiscal burden of the state that has already raised eyebrows among economic analysts and political critics.
Finance Minister Nirmala Sitharaman underscored the significance of leveraging technology for the common good, while warning against its potential misuse. During her address at the Global Fintech Fest 2025, she stressed the necessity of avoiding the weaponization of technology, advocating for its application in ways that benefit the public.
The government has announced a month long drive called “GST Bachat Utsav”, starting from 22 September and will be continuing till 21 October 2025. The aim of the campaign is to highlight the benefits of the new GST reforms and show how people can save money in daily shopping.
In a spacious hall in New Delhi, pens glided over paper and hands were tightly clasped as India and Israel celebrated a new phase in their economic narrative. Finance Minister Nirmala Sitharaman and her Israeli counterpart Bezalel Smotrich moved closer to sign the Bilateral Investment Treaty (BIT) — an agreement designed to encourage companies on both sides to explore opportunities beyond their borders.
Indian rupee crashed to an all time low of 88 to the US Dollar on September 4th 2025. This is as low as Rupees has gone. It is raising inflationary and cost of living issues among citizens.
India cut the goods and services tax on small cars, televisions, air conditioners, textiles and a range of household goods from September 22, in a major rate overhaul aimed at spurring consumption ahead of the festive season, even as Trump’s tariffs threaten the country’s exports.
The Indian economy is expected to reach $20.7 trillion by 2030 and possibly $34.2 trillion by 2038, according to the August 2025 edition of EY Economy Watch.
The United States and India are encountering a fresh tension in their relationship. Days before a significant increase in tariffs on Indian products goes into effect, US Vice President JD Vance has justified Washington’s choice, stating it aligns with President Donald Trump’s plan to pressure Russia to conclude its conflict in Ukraine.
Advertisement
