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Indian economy strong but needs to cut dependence on energy imports, PMO official says
The brief
- A PMO official said the Indian economy is stable despite global uncertainties and tensions
- The official said India needs to reduce its dependence on energy imports
- Lower energy-import dependence matters for Indian oil companies and energy-intensive sectors
- India’s economy resilient, but Nifty falls 13% YTD: Why markets and macro are telling different stories
- Retail trade, banking lead as 10 services sub-sectors clock double digits in July
- Services growth figures differ: reports cite 10 or 17 sub-sectors growing double digits in July
- Global AI industry needs to earn $6 trillion to justify data centres: Bain
- FIIs pulled out $40 billion from India in 2 years: Why foreign investors are staying away