Economy

India eyes AI-powered official stats architecture for seamless data access

Once the project is complete, India may be one of the first countries to have a dedicated LLM for its large and multilingual official economy-related statistics

India to prioritise Qatar, Bahrain FTAs over GCC trade agreement

New Delhi expects bilateral negotiations with Qatar and Bahrain to move faster than GCC-wide talks, while also preparing to revive trade negotiations with Israel

Board of Trade meet on July 3 to discuss $2 trillion exports target

Piyush Goyal will chair the Board of Trade meeting on July 3 to discuss boosting exports to $2 trillion by improving FTA utilisation and cutting logistics costs

US trade pact proposal more like one-sided market access: Ashwani Mahajan

Ashwani Mahajan says the proposed India-US trade pact has become a one-sided market access arrangement, with key differences persisting over agriculture, data and Russian oil

Monsoon challenge puts VB G RAM G's performance under the spotlight

As MGNREGA comes to a close, both critics and supporters keenly eye VB G RAM G's performance

Rising debt, AI boom and financial fragilities raise global risks: BIS

Bank for International Settlements said rising public debt, financial vulnerabilities and uncertainties surrounding the AI boom are increasing risks to the global economy, despite resilient growth

Statsguru: Electronics hit hard by surging chip prices amid AI boom

India imported memory chips worth $6.79 billion in FY26, 53.41 per cent more than in FY25

Weekly economy wrap: Core sector slowdown, US trade talks shape policy week

India's policy week was marked by US trade talks, weak core output, stronger FDI, coal-import substitution and a faster disinvestment push

Gifts from abroad over the years via diplomatic channels up for auction

The first public Toshakhana e-auction features around 300 gifts received by Indian diplomats, with proceeds going to the Consolidated Fund of India

CBDT readies plan to meet ₹26.9 trillion direct tax target in FY27

CBDT has drawn up a multi-pronged strategy to achieve its ₹26.97 lakh crore direct tax target, backed by strong early collections

India's forex reserves increase by $963 mn on back of rise in gold reserves

India's forex reserves rose by $963 million to $672.59 billion in the week ended June 19, driven by a sharp increase in gold reserves despite a decline in foreign currency assets

20 states utilised just 5.86% of combined budgeted capex in April-May

Twenty states utilised 5.86 per cent of their FY27 capex budgets in April-May, below the year-ago pace, though spending recovered in May after a sluggish April

Datanomics: Rising EV exports get further boost from India-UK pact

The India-UK trade pact opens duty-free access for Indian EVs while easing tariffs on UK car imports, strengthening two-way automotive trade

Transformational growth prime focus of FTA with UK, says Piyush Goyal

"Collaborations, cooperations, partnerships will be, in my humble opinion, the right way to come in quickly for both British businesses and Indian businesses," Goyal said

Middlemen offer discounted Iranian oil to Indian refiners after US waiver

National Iranian Oil Company and traders have approached Indian refiners with discounted crude following Washington's temporary sanctions waiver, though payment mechanisms remain unclear

Goldman Sachs lifts FY27 India growth forecast to 6.5% as oil price easing

Brokerage cites easing oil prices after the US-Iran peace deal, raises India's FY27 growth forecast to 6.5% and lowers headline inflation projection to 4.9%

India's steel exports to EU may fall 24% due to CBAM, says ICRIER study

ICRIER says the EU's Carbon Border Adjustment Mechanism could cut India's steel exports by 24 per cent and have only a marginal impact on global carbon emissions

India's FY27 GDP growth seen at 6.6-6.8% as energy prices ease: EY

EY said India continues to demonstrate strong economic resilience despite external uncertainties, underpinned by robust domestic economic fundamentals and sustained private sector activity

Anti-dumping duty on electrical steel may push transformer costs: GTRI

The specialised electrical steel minimises energy losses and is indispensable for efficient electricity transmission and distribution

Goldman Sachs lifts India GDP forecast to 6.8% for 2026 after US-Iran deal

The brokerage raised India's GDP forecast, while cutting its inflation estimate to 4.4% and current account deficit forecast to 1.1% of GDP, on falling crude oil prices after the US-Iran peace deal