Vikas Dhoot

India

Economics Editor at The Hindu

Scribe: views are personal, news isn't... Been There, Done That @bsindia @BWBusinessworld @IndianExpress @FinancialXpress @EconomicTimes

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Articles

Tuhin Kanta Pandey

1 week ago | business-standard.com | Khushboo Tiwari |Samie Modak |Vikas Dhoot

Pandey highlighted Sebi's efforts to engage with foreign portfolio investors and market participants to streamline complianceKhushboo Tiwari Samie Modak Vikas Dhoot Following a stellar 2024, initial public offering (IPO) activity has stalled, with no mainboard listings since mid-February.
Not All Need Subsidies: Finance Secy

3 weeks ago | rediff.com | Vikas Dhoot

'If in our cities, all urban bus transport services are free, then taxpayers are paying for it, or if electricity were to be made free, that's a huge cost to the rest of the people.'IMAGE: Finance Secretary Ajay Seth.
Don't Blame Tax Rate For Market Volatility

1 month ago | rediff.com | Vikas Dhoot

'Tax rate and stock markets are entirely two different things.'IMAGE: Finance Minister Nirmala Sitharaman at a post-Budget interaction programme in Visakhapatnam, March 6, 2025. Economic Affairs Secretary Ajay Seth on Thursday sought to dismiss the notion that the downturn in India's stock market and the exodus of foreign investors is linked to the country's long-term capital gains tax regime, and asserted that stock price movements are driven by various global factors.
Rising servicification of manufacturing makes wage growth comparisons tough

2 months ago | thehindu.com | Vikas Dhoot

Even as the Economic Survey 2024-25 called out corporate India for wage growth flagging while profits soared in recent years, the head of India’s apex industry chamber has noted that businesses are regularly hiking salaries but recent wage trends may not be strictly comparable with the past due to an increasing ‘Servicification’ of manufacturing.
India’s industrial output growth drops to four-month low of 3.2% in December

2 months ago | thehindu.com | Vikas Dhoot

India’s industrial output growth dropped to a four-month low of 3.2% in December, with manufacturing and mining sectors rising just 3% and 2.6%, respectively, and consumer non-durables’ production slipping 7.6% from a year ago. The National Statistics Office (NSO) also downgraded the industrial production growth assessment for November 2024 to 5% from 5.2% estimated earlier.
India may offer lower duties on pecan nuts to cool Trump’s tariff barbs

2 months ago | thehindu.com | Vikas Dhoot |Suhasini Haidar

Prime Minister Narendra Modi’s bilateral meetings with U.S. President Donald Trump this week, which are likely to include intense parleys on tariffs, may include some offers for further reductions in import duties on items of U.S. interest such as the uniquely American pecan nuts grown in its southwestern States.
India may offer lower duties on pecan nuts to cool Trump’s tariff barbs

2 months ago | flipboard.com | Vikas Dhoot |Suhasini Haidar

‘Buy Canadian’ starting to have an impact on retail marketU.S. tariff threats and the possibility of a trade war are already having an impact on how some Canadians spend their money, with many saying they’re …
‘Interest rate cut, tax stimulus to revive demand, investments’

2 months ago | thehindu.com | Vikas Dhoot

India Inc. is gearing up a consumption recovery and reviewing existing capacities’ utilization rates, following the Budget’s push for consumption, combined with the interest rate cut initiated by the central bank on Friday, Finance Minister Nirmala Sitharaman indicated on Saturday, signaling this could be a precursor for a durable recovery in private investments in the coming year.
RBI in sync with government on growth focus, says Sitharaman

2 months ago | thehindu.com | Vikas Dhoot

With the Reserve Bank of India (RBI) following up the Union Budget’s demand stimulus for the slowing economy with a long-awaited interest rate cut, Finance Minister Nirmala Sitharaman said on Saturday (February 8, 2025) that fiscal and monetary policy working in harmony to spur growth impulses, should yield a bigger boost to the economy. Ms. Sitharaman was speaking to mediapersons after addressing the RBI’s central board in the capital.
‘₹40,000 crore of tax stimulus may reach banks’

2 months ago | thehindu.com | Vikas Dhoot

India’s top Finance ministry official on Monday urged India Inc. to inculcate the ‘animal spirit’ and ramp up investments, even as the government expects about ₹40,000 crore to ₹45,000 crore of the ₹1 lakh crore income tax bonanza announced in the Union Budget to be saved by taxpayers in banks which could boost credit flows to industry. “Adam Smith had something in mind, when he said animal spirit.