Economy

April-June fiscal deficit of India stood at 18.2% of 2026/27 target

Government data showed India's fiscal deficit reached Rs 3.1 trillion, or 18.2% of the FY27 target, as capital expenditure and overall spending increased in the first quarter

R&D spending in India only 0.84% of GDP in FY24, govt tells Parliament

Gross R&D spending rose to Rs 2.45 trillion in FY24, while private industry overtook the government as the largest contributor to research funding

Sectoral, destination shifts mark outward Indian FDI commitments in June

Shifting global supply chains are pushing more Indian firms to build a footprint abroad

Reliance Industries ramps up diesel exports to Europe, Brazil in July

The exports come after ​European diesel profit margins hit a record of $74 a barrel on Wednesday as the region's stockpiles have ‌fallen to their lowest since 2014

Investment tide turns for new Chief Ministers in first quarter of FY27

Karnataka, Kerala and West Bengal posted sharp rises in proposed investments in Q1 FY27 after leadership changes, while Tamil Nadu saw inflows plunge

Odisha, Goa, Jharkhand top NITI Aayog's Fiscal Health Index for FY24

States now account for nearly a third of India's total government debt, says a NITI Aayog report, urging them to follow fiscal deficit norms

Kerala in a tough position, but will keep promises, says CM V D Satheesan

Kerala plans to tackle its fiscal crisis through investments, blue economy, land reforms, diaspora funding and a silver economy, says CM V D Satheesan

States are borrowing just to get by, not to build productive assets

Even prosperous southern states used a large part of FY25 debt for operational expenses

Tax collections slow down, pinching Centre and states' finances alike

States' own tax revenue now exceeds half of revenue receipts, but falling tax buoyancy suggests collections are not keeping pace with economic growth

Petroleum exports cut both ways for Gujarat as outbound trade slows

Despite topping NITI Aayog's Investor Friendliness Index, Gujarat's exports have declined for three years as falling petroleum shipments expose risks of sectoral dependence

States chase reforms away from limelight as deregulation gathers pace

States are accelerating deregulation and ease-of-doing-business reforms, with over three-fourths of the Centre's first-phase compliance reduction measures already implemented

Our focus has not been limited to signing MoUs, says CM Mohan Yadav

MP Chief Minister Mohan Yadav says ₹10 trillion of proposed investments have moved to implementation as the state bets on textiles, manufacturing, tourism and renewable energy

'True measure of success will be no of industries that become operational'

Uttar Pradesh Chief Minister Yogi Adityanath outlines the roadmap to a $1 trillion economy, driven by infrastructure, manufacturing, MSMEs, exports and investment-led growth

New states challenge industrial giants, but both have work cut out

Contenders redraw India's economic map, yet ground-level reform struggles

US' Section 301 tariff linked to forced labour import may not survive court

Experts say fresh US tariffs imposed under Section 301 could face legal challenges, potentially dealing another setback to President Donald Trump's trade strategy

GST implementation boosted states' tax revenue, buoyancy: Ind-Ra

India Ratings says simplified taxation, stronger compliance and a wider taxpayer base have lifted states' tax collections and buoyancy since GST rollout

India shifts methanol imports to China amid West Asia conflict: Crisil

Report says supply disruptions and soaring prices prompted India to diversify sourcing away from the Middle East while boosting imports from China

Finance Ministry calls for swift policy response to global realities

In reform push, seeks reinvented approach to actions

Power discoms await revival as structural reform delays persist in India

Power discoms posted a Rs 2,701 crore profit in FY25, but heavy subsidy dependence, weak tariffs and persistent operational gaps continue to threaten a durable revival

LabourMin to review states' construction worker reforms in August meet

At the Mumbai meeting, states and UTs are expected to present the progress made on these initiatives, share best practices and highlight challenges faced during implementation