Economy

Moody's raises India FY27 growth forecast to 7%, flags inflation risks

Moody's cites stronger-than-expected economic activity and resilience to the West Asia conflict, but warns elevated energy prices could push inflation above its forecast

India's foreign exchange reserves fall $4.9 billion to $780.8 billion

The decline came after reserves posted their biggest-ever weekly increase of $44.9 billion, driven by strong foreign currency inflows under the RBI's swap window

India's outbound FDI rises 23.3% to $3.8 billion in August: RBI data

Outbound equity FDI commitments rose to $1.14 billion in August, while guarantees for overseas units increased to $2.23 billion from $1.2 billion a year earlier

India housing prices rise 3.6% in Q1FY27, match year-ago pace

RBI's Housing Price Index rose 3.6 per cent in Q1FY27, with Chandigarh, Jaipur, Kanpur, Lucknow and Thiruvananthapuram recording the strongest gains

RBI absorbs ₹2.23 trillion via variable rate reverse repo auction

The Reserve Bank of India (RBI) on Friday absorbed Rs 2.23 lakh crore from the banking system amid surplus liquidity by conducting a variable rate reverse repo (VRRR) auction

India's net direct tax collection rises 13% to ₹12.12 trillion till Sept 17

Gross direct tax collection clocked a 15 per cent growth totalling over ₹14.32 trillion

Crude supply, not price, worries Indian refiners on W Asia, Russia squeeze

Price headache is turning into a physical procurement crisis for importing countries

Moody's raises India FY27 GDP growth forecast to 7% on W Asia resilience

The agency said elevated energy prices and ‌El Niño-related food price pressures pose risks to inflation, consumption and growth

Rising margins, volumes, new markets drive India's petroleum exports higher

India's petroleum exports rose 46 per cent year-on-year as better terms of trade, recovering volumes and shipments to newer markets boosted overall merchandise export growth

Centre-state meet to discuss GST 2.0 impact, Viksit Bharat roadmap

The two-day conference will discuss GST 2.0, the macroeconomic outlook and financing for agricultural transformation, energy transition and Viksit Bharat

RBI may increase debt sales to drain surplus liquidity after 9 years

Indian bond traders expect the central bank to step up bond sales for liquidity absorption, as policymakers likely seek to strengthen transmission of expected rate hikes

RBI sells ₹50000 cr govt securities in OMO to drain surplus liquidity

India's central bank sold ₹50000 crore ($5.2 billion) of bonds under its open market operations program as it stepped up efforts to drain surplus cash from the banking system

India's Russian oil imports: From war-era discounts to Trump-era shifts

US lawmakers' push to name India in a Russia sanctions bill puts its Russian oil purchases back in focus. Here's how the trade has changed since Moscow's invasion of Ukraine

War, extreme weather put Asia's food security at risk: Verisk Maplecroft

Fuel and fertiliser disruptions from the Iran war, alongside El Niño-linked weather extremes, are threatening crops and could worsen food inflation across vulnerable Asian economies

US bill empowers Trump to target India with 100% tariff over Russian energy

The legislation, passed by the House in a 262-159 vote after Senate approval, gives Donald Trump power to target major Russian energy buyers with tariffs of up to 100 per cent

India cuts windfall tax on export of petrol, diesel, and aviation fuel

Export duty on diesel has been reduced to ₹20 per litre from ₹25, while levies on petrol have been cut to ₹0.5 from ₹1.5 per litre, respectively

US House passes Russia sanctions bill; 100% tariff threat looms over India

The legislation, approved 262-159, would give Trump the authority to impose steep tariffs on countries buying Russian oil and gas, while expanding sanctions on Moscow's energy sector

Datanomics: Remittances to India from Aus, Saudi cost double the UN target

India's remittance flows are rising, but high transfer costs and limited UPI links show the need for wider cross-border payment connectivity

GST Council to take up process reforms at October 7 meeting: FM Sitharaman

Finance Minister Nirmala Sitharaman says the GST Council will discuss e-invoicing, input tax credit rules and other process reforms during its October 7 meeting

CBIC plans wider AI use, unified portal to ease customs compliance costs

CBIC Chairman Vivek Chaturvedi says AI, machine learning and real-time analytics can lower transaction costs and help create a near-touchless customs system for businesses