Economy & Policy News

Vishwakarma 2.0 set for September 17 launch with bigger credit push

Centre likely to launch second phase of PM Vishwakarma scheme on September 17, with higher credit access and stronger market support for artisans

From reforms to self-reliance: PM's speeches chart India's economic journey

Prime Minister Narendra Modi will deliver his 13th Independence Day address from the Red Fort, with reforms, jobs and self-reliance likely to feature prominently

India finds favour in Europe; America remains sceptical: Pew survey

Pew Research Center survey across 36 countries shows India's global image tilting slightly positive, with sentiment improving across several European countries

Gujarat High Court bars retrospective GST on corporate guarantees

Gujarat High Court has barred GST on corporate guarantees issued before October 26, 2023, while retaining the 1% valuation mechanism for guarantees continuing beyond that date

PM internship scheme seeks to bridge skills gap, says FM Sitharaman

Sitharaman said the scheme gives young people hands-on workplace experience and industry exposure to address the gap between formal training and employers' expectations

White House report flags India in China-linked transshipment network

The White House report places India in Tier 1 of China's alleged transshipment network and flags the Pune-Gujarat-Chennai production belt as a potential corridor

Wholesale inflation eases marginally to 9.78% in July as fuel prices cool

Fuel and power inflation slowed sharply in July, offsetting higher inflation in primary articles and manufactured products, while core WPI rose to 8.2 per cent

How Indian economy has transformed since the landmark 1991 reforms

By 2025-26 the primary sector's share had roughly halved to about 18%, the tertiary sector had surged to some 56% and industry sat almost exactly where it began, at around 25%

India's forex reserves climb past $700 billion on robust inflows

India's foreign exchange reserves rose to a four-month high of $707 billion as of August ​7, bolstered by robust inflows under policy ​measures to strengthen India's balance of payments

India's exports to FTA partners surge in Q1, Singapore shipments rise 100%

The data showed that exports to Singapore surged 101.2 per cent to $6.52 billion during April-June 2026, from $3.24 billion in the year-ago period

35 years of liberalisation: From Detroit of Asia to Chennai for the World

Three decades after liberalisation transformed its auto industry, Chennai has built a deep manufacturing and talent ecosystem and is emerging as a global hub for vehicles, components and EVs

Wholesale inflation eases to 9.78% in July as fuel price rise cools

WPI Food Index inflation rose to 6.65% in July from 6.14% in June, while fuel and power inflation eased to 20.05% from 27.41%

Venezuelan crude turns costly for India as discounts shrink, freight surges

Delivered cost of Venezuela's Merey grade surges to $95 bbl, while Russian grade has flipped from a discount to a premium over Dated Brent

Foreign firms' investment intensity in India has fallen since FY20: EAC-PM

EAC-PM study finds foreign-owned firms' investment intensity in India has declined since FY20, while domestic business groups have steadily raised investment

Startup tech deployment should move beyond major cities: FM Sitharaman

The finance minister said government support should go beyond funding, with technologies having relevant public applications deployed quickly in districts and public facilities

Surge in imports bill pushes trade deficit to 6-month high of $31.98 bn

Goods imports rose to a nine-month high of $76.22 billion in July, while goods exports jumped nearly 20 per cent to $44.24 billion during the month

India wary as US' Russia tariff Bill advances, keeps eye on trade talks

Official says trade talks with Washington remain 'reassuring'

Centre seeks more US LPG to cut reliance on West Asia, aid trade deal

Indian Oil, BPCL, and HPCL are negotiating US term contracts as India seeks to diversify LPG supplies and narrow its trade surplus with Washington

India's exports rise 19.63% to $44.24 bn in July, trade deficit widens

During April-July this fiscal, exports jumped 17.04 per cent to $173.78 billion, and imports climbed 19.27 per cent to $292.38 billion

China extends anti-dumping duties on Indian optical fibre for 5 years

The tax rates will remain unchanged from previous rulings, ranging between ​7.4 per cent and 30.6 per cent across different Indian exporters