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TREND | 24 Jun 2025

Germany to raise defence spending to 3.5 per cent of GDP in 2029

Business Standard

Germany's finance minister on Tuesday vowed to lift the country's defense spending to 3.5 per cent of gross domestic product in 2029 as he presented the new government's spending plans. Chancellor Friedrich Merz's coalition pushed plans through parliament to enable higher defence spending by loosening strict rules on incurring debt even before it took office last month. It acted ahead of the NATO summit starting Tuesday that aims to raise allies' defence spending target from 2 per cent of GDP to 3.5 per cent, plus another 1.5 per cent for potentially defense-related infrastructure. Finance Minister Lars Klingbeil said Germany's defence spending will hit 2.4 per cent of GDP this year, and we will raise defence spending step by step so that we will reach a NATO quota of 3.5 per cent in 2029. Klingbeil, who is also the vice chancellor, said he will be very vigilant that the money is spent efficiently, for example by aiming for greater cooperation at European level on procurement,...

India Macro Indicators

TREND | 23 Jun 2025

Dollar Surges As Middle East Escalation Spurs Inflation Risk

NDTV Profit

The Bloomberg Dollar Spot index gained as much as 0.6% to hit levels last seen on May 30 as investors worried that higher oil prices could stoke inflation.

India Macro Indicators

TREND | 23 Jun 2025

Strong FY25 performance supports standalone credit profiles of banks: Fitch

Business Standard

Fitch Ratings on Monday said Indian banks' strong financial performances in the financial year ended March 2025 support the standalone credit profiles of rated banks and position the sector for future growth. The sector reported improved asset quality, stronger capital buffers and stable profitability despite the slowest sector loan growth in four years. "We expect steady performance to continue, though sustaining sound core financial metrics that strengthen loss-absorption buffers and resilience to economic shocks relative to the previous cycle would support positive momentum for rated banks' standalone credit profiles," Fitch said. The rating agency believes banks can sustain steady performance across most credit metrics in FY26, except for earnings due to cyclical pressures on margins and credit costs. "Indian banks' strong financial performances in the financial year ended March 2025 (FY25) support the standalone credit profiles of rated banks and position the sector for future

India Macro Indicators

TREND | 22 Jun 2025

Is the slowdown in credit growth a reason to worry?

Business Line

In 2025, though, the repo rate of 6.25% has yielded an optimum Credit-to-GDP Ratio of 1.13, while economic growth has remained stable

GDP, IIP, CPI data with new base year to be released from next year

Business Line | 22 Jun 2025

India Macro Indicators

TREND | 21 Jun 2025

Ukraine asks allies to allocate 0.25% of GDP to boost its weapon production

Business Line

Ukraine plans to launch joint weapon production outside of country and will start exporting some of its military production technologies, says President Volodymyr Zelenskiy

GDP base revision could be done more frequently in future: Rao Inderjit

Business Standard | 20 Jun 2025 2 more

India Macro Indicators

TREND | 21 Jun 2025

Surging UK Grocery Bills Threaten To Rekindle Inflation Fears

NDTV Profit

The prices of staples including butter, beef and chocolate in May were up nearly 20% from a year earlier, contributing to the biggest annual jump in overall food prices since February 2024.

India Macro Indicators

TREND | 20 Jun 2025

Retail inflation for farm, rural workers eases to below 3% in May

Business Standard

Retail inflation for farm and rural workers eased to 2.84 per cent and 2.97 per cent in May from 3.48 per cent and 3.53 per cent, respectively, in April this year, according to data released by the Labour Ministry on Friday. According to the data, the All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) decreased by 2 points and 1 point in May 2025 to stand at 1305 and 1319 points, respectively. The CPI-AL and CPI-RL were 1307 points and 1320 points in April 2025. "The year-on-year inflation rates based on CPI-AL and CPI-RL for May 2025 were recorded at 2.84 per cent and 2.97 per cent, respectively, compared to 7.00 per cent and 7.02 per cent in May 2024. The corresponding figures for April 2025 stood at 3.48 per cent for CPI-AL and 3.53 per cent for CPI-RL," said the labour ministry.

India Macro Indicators

TREND | 20 Jun 2025

India's core sector growth slows to 0.7% in May, lowest in 9 months

Business Line

The core sector, comprising eight key industriescoal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricityforms 40.27% of the Index of Industrial Production

India Macro Indicators

TREND | 20 Jun 2025

Trent Vs Page Industries Vs Vishal Mega Mart: Here's HSBC's Top Pick

NDTV Profit

India's apparel sector expanded at an 11% CAGR over FY20-24, in line with nominal GDP and private final consumption expenditure growth, according to the brokerage.

AWS plans to add $23 bn to India's GDP by 2030, says Sandeep Dutta

Business Standard | 19 Jun 2025 4 more

India Macro Indicators

TREND | 19 Jun 2025

Large pvt non-bank financial institutions gained significant share relative to smaller counterparts: Fitch Ratings

Business Line

Fitch Ratings observed that diversified lenders such as TCL manage credit cycles by balancing exposure across multiple retail or corporate loan segments, although TCL does not have product leadership in any of its operating segments