Economy

India imported €144 billion worth of Russian oil since Ukraine war: CREA

India has been the second-largest buyer of Russian oil behind China, according to the Centre for Research on Energy and Clean Air (CREA)

Piyush Goyal's Brussels visit to give final push to EU FTA negotiations

Goyal will visit Brussels on Jan 8-9 to hold high-level talks with EU officials, as India and the European Union seek to resolve key differences and fast-track their long-pending free trade agreement

OECD Pillar Two safe-harbour rules offer limited relief to Indian MNEs

Tax experts say the extension is relevant for Indian MNEs with overseas operations, even though India itself has not yet implemented Pillar Two

First FY26 GDP advance estimates on Wednesday; growth seen at 7.4% or above

The First Advance Estimates provide the earliest projection of annual economic growth by the statistics ministry and forms the base for key FY27 Budget calculations

Ind-Ra sees 'Goldilocks' FY27 as domestic reforms offset tariff risks

External demand is expected to fare better in FY27 than in FY26, aided by recently concluded trade agreements with the UK, New Zealand and Oman, and the prospect of a US trade deal later in the fiscal

India's service sector growth plunges to 11-month low in December

The HSBC India Services Purchasing Managers' index (PMI) fell to 58 in December from 59.8 in November

Big capex challenge: Few sectors left to absorb infra spending push

With roads and railways nearing capacity limits and aviation largely privatised, the government is turning to ports and shipping to sustain its capex push in FY27

Broken Data: How states misclassify spending and distort fiscal math

The CAG has noted that such misclassification affects compliance under the FRBM Act, distorting revenue surplus, fiscal deficit and debt ratios

Farm producers' income more than doubled during Modi years, shows new paper

A study by NITI Aayog member Ramesh Chand shows farmers' income jumped 126 per cent between 2014-15 and 2023-24, surpassing the target of doubling farmers' incomes set by the Modi government

India's GDP to grow 6.9% in FY27, goldilocks situation to persist: Ind-Ra

The Union government's debt as a percentage of GDP is projected to come down to 55.5 per cent in FY27, from an estimated 56.3 per cent in the current fiscal

India's Russian oil imports in Jan may fall as RIL expects no deliveries

India's imports of Russian crude are likely to dip below 1 million barrels per day ‌as New Delhi seeks to clinch a trade deal ​with Washington

India services PMI slips to 11-month low in Dec 2025 as new orders ease

India's services PMI eased to 58.0 in December 2025 as growth in new business slowed, though companies reported stronger export orders from Asia, North America, the Middle East and the UK

Buoyant US growth in recent times: Is US President Donald Trump right?

Registering an annualised rate of real GDP growth of 4.3 per cent in Q3 2025, the US economy appeared to have grown at the fastest pace in roughly two years

Centre pushes to merge, rationalise schemes to improve efficiency

54 centrally sponsored and 260 central-sector schemes may be reappraised for next financial year

Reimport after 1 year: Need permission under notification 45/2017-Cus

Exporters can reimport goods after one year under notification 45/2017-cus by surrendering duty drawback and rodtep benefits, subject to customs approval

US President Trump warns India of even higher tariffs over Russia oil

Trump warns of higher tariffs on Indian imports if New Delhi continues buying Russian oil, sharpening trade tensions amid stalled India-US deal talks

FMCG companies' Q3 could be a tale of two halves amid GST transition

GST transition weighs on Q3 FMCG volumes, but brokerages expect sequential recovery as restocking improves and lower taxes, easing inflation support demand

Crude oil prices may fall to $50/barrel by June 2026, says SBI report

According to the SBI Research report, the deceleration of prices is likely to be faster, and this could average CPI inflation for FY27 decisively below 3.4 per cent

Govt likely to retain 4% inflation target for RBI, seeks feedback

The Reserve Bank of India currently aims to keep inflation anchored around 4%, the mid-point of a 2%-6% range mandated by the government

Arunachal records 36% GST growth in April-Dec FY26, ₹1,519 cr collected

The measures are expected to support continued economic growth and ensure inclusive and long-term development across Arunachal Pradesh