Economy

Datanomics: Falling prices give a boost to manufacturing's real growth

Manufacturing prices fell in Q1 even as real growth outpaced nominal growth, pointing to deflationary pressure unlike agriculture and services

India's sugar flip-flop highlights fault lines in agri trade policy regime

The decision to import 1 MT of raw sugar after allowing exports earlier in the season has revived questions over crop estimates, policy predictability and the cost of repeated trade interventions

Decoding DGFT's INR settlement rules and Customs re-export deadlines

DGFT's latest notification aligns INR export proceeds with foreign-currency realisation, while Customs clarifies when the six-month re-export clock begins

Shun foreign holidays, avoid buying gold: PM Narendra Modi renews appeal

PM cites India's 7.8 per cent June-quarter GDP growth to renew his Swadeshi pitch, urging citizens to embrace self-reliance and sustain economic momentum

Manufacturing PMI falls to 5-year low in August amid sales slowdown

New orders and output expanded at their weakest pace in five years, while manufacturing employment contracted for the first time in two-and-a-half years

Net GST revenue receipt up 8.3% in August at ₹1.68 trillion, shows data

Import-related GST revenue surged 29 per cent year-on-year, outpacing domestic growth, while net collections rose 8.3 per cent to ₹1.68 trillion

Govt brings back duty on petrol exports from Sept 1, cuts levy on ATF

Diesel export duty rises to Rs 25 per litre and petrol attracts a Rs 1.5 levy, while the export duty on aviation turbine fuel falls to Rs 19 per litre

India's current account deficit widens to $4.2 bn in Q1 as trade gap grows

Balance of payments recorded a deficit of $8.1 billion in Q1FY27 as portfolio outflows weighed, compared with a surplus of $4.5 billion in the year-ago quarter

From crises to inflation: What RBI Governors' speeches tell us about policy

From Subbarao and Rajan's crisis-era outreach to Patel's reticence and Das' Governor's Statements, the RBI's communication has evolved alongside India's economic challenges

India's current account deficit widens to $4.2 billion in Q1: RBI data

Merchandise trade deficit at USD 86.1 billion in the April-June period of 2026-27 was higher than USD 68.9 billion in the first quarter of 2025-26.

India, Zambia resume talks on copper, critical mineral investments

Officials from India's Mines Ministry held preliminary talks with Zambia on August 26 as New Delhi seeks overseas sources of copper and other critical minerals

Weak monsoon threatens India's key crops, raises risk of food price rise

India faces below-normal rainfall in September after a 14% deficit through August, raising concerns over soil moisture and crops including rice, sugar cane and soybeans

Manufacturing PMI slips to 52.8 in August, weakest expansion in five years

India's manufacturing sector expanded at its weakest pace in five years in August as output and new orders slowed, while employment fell for the first time in two-and-a-half years

ATF price up 5.46%, commercial LPG rates of 19 kg cylinder hiked by ₹9.50

Jet fuel prices rose by ₹6.28 per litre to ₹121.28, while commercial LPG increased to ₹2,747.50 per 19-kg cylinder, raising costs for airlines and businesses

ITR filing for AY27 touches record 78 million till August 31: I-T dept

More than 78 million income tax returns were filed for AY 2026-27 by August 31, including over 59 million ITR-1 and ITR-2 returns filed by July 31

Mahanagar Gas hikes CNG rates by ₹2 per kg, domestic PNG by ₹1/SCM

Mahanagar Gas raised CNG prices to ₹88 per kg in Mumbai and PNG rates by ₹1 per SCM, citing higher input gas costs linked to international indices

Economic activity stable, but El Niño clouds food inflation: FinMin

Finance ministry says domestic demand remains resilient, but an intensifying El Nino and weather-related risks warrant caution on food inflation and agricultural output

PM Narendra Modi talks Strait of Hormuz, seafarer safety at SCO meet

PM calls for an end to the Russia-Ukraine conflict and freedom of navigation in the Strait of Hormuz as SCO leaders discuss stronger regional trade and connectivity

Centre spends 37% of capital expenditure target in four months

Capital spending rose 30 per cent year-on-year to Rs 4.51 trillion in April-July, while the fiscal deficit fell nearly 3 per cent to Rs 4.55 trillion

India's GDP grows 7.8% in Q1FY27 despite disruptions from West Asia crisis

Investment, consumption spearhead strong uptick despite West Asia crisis effects