Arun Jaitley

India's gross domestic product data produced another shock on May 31 as economic growth unexpectedly slumped to its lowest in more than two years in the March quarter, stripping the country of its status as the world's fastest growing major economy.

Indians have declared almost $10 billion in hidden wealth under a government amnesty on tax evasion, as part of Prime Minister Narendra Modi's moves to crack down on huge piles of black money.

Indian Finance Minister Arun Jaitley has asked the International Monetary Fund (IMF) to enhance its resources in order to ensure ‘future-proofing’ of the global economy against repetition of financial crisis. As global headwinds continue to hit the Indian and other emerging markets hard, Jaitley said that the South Asian country is following the ‘Reform to

Indian jewelers called off a 19-day strike late on March 19 after government assured they will not be "harassed" by the excise department in collecting a new tax, the head of a trade body told Reuters.

Indian banks will strive to recover "every penny" from a beleaguered liquor baron who left the country owing more than $1 billion, the finance minister said on March 17, as warnings sound over a mounting bad debt problem.

India has chosen to buy anti-tank guided missiles from Israel, rejecting a rival U.S. offer, as the right-wing government clears projects worth $13.1 billion to modernise its ageing military, official sources said Oct. 26.

U.S. Secretary of State John Kerry July 31 opened his first meetings with India’s right-wing government as he seeks to reboot a relationship seen as a bulwark against a rising China.