Economy & Policy News

India's economy likely to grow 6.6% in FY27 despite higher US tariffs: UN

The statistics ministry on Wednesday estimated the economy to grow 7.4 per cent in 2025-26

India likely to face 500% US tariff over purchase of Russian oil

Trump backs Bill aimed at punishing countries buying Russian crude

Uttar Pradesh govt announces sops for GCCs and semiconductor plants

Uttar Pradesh unveils fresh incentives for GCCs and large semiconductor projects to boost FDI and advance its $1 trillion economy ambition

Reserve Bank of India mulls fresh steps to provide relief to exporters

Earlier this week, US President Donald Trump warned that tariffs could rise further unless India curbs its Russian oil imports, escalating the pressure as trade talks between the two countries drag on

Farmers' income has more than doubled during Modi years, shows new paper

Study by a NITI Aayog member reveals income jumped 126% between 2014-15 and 2023-24, surpassing the target set by the Modi government

FY27 fiscal deficit likely to overshoot target to touch 4.6%: BMI

BMI said that the fresh spending needs would not necessarily entail greater public deficits if the government could generate more revenue

India's GDP to grow by 7.5% in FY26 with upside bias, says SBI report

The gross value added (GVA) growth is estimated at 7.3 per cent and nominal GDP expansion at 8 per cent

Finmin plans to scrap curbs on Chinese firms bidding for govt contracts

The measures imposed in 2020 effectively barred Chinese firms from competing for Indian government contracts that were estimated to be worth $700 billion to $750 billion

500% tariff on India? Trump 'okays' Bill targeting purchase of Russian oil

Donald Trump has 'approved' a bipartisan sanctions Bill that proposes duties of up to 500 per cent on countries buying Russian oil, raising pressure on India, China and Brazil

Rare earth sector may have low-to-medium indigenisation feasibility: CEA

CEA also flags low to medium feasibility for indigenising battery cells & cathode materials and solar wafers & cells

Scheme to boost manufacturing of shipping containers on the table

Nascent estimates target Rs 12,000 crore outlay to achieve 600,000 containers production annually

E-way bill generation hits fresh high in December on strong goods movement

December saw the highest-ever e-way bill generation, signalling strong goods movement, improved consumption, and the impact of GST 2.0 rate rationalisation

Census 2027: Centre notifies first phase, house listing to begin April 1

The House Listing and Housing Census will precede population enumeration and focus on housing conditions and amenities, with the exercise scheduled across states and UTs in 2026

NSO releases first advance estimates: GDP may expand 7.4% in FY26

Nominal growth expected at 8%, slowest since FY21; fiscal deficit target likely to be met

Fiscal deficit target in reach despite lower nominal GDP growth estimate

The Budget estimates for this year had assumed a nominal GDP growth of 10.1 per cent

FY26 first advance GDP estimates show infra investment up, consumption flat

NSO data shows infrastructure investment gaining momentum in FY26 on strong public capex, while household consumption growth is expected to ease marginally

Why India's state accounts don't add up, distorting deficits and debt

Misclassification is rife, affecting compliance under FRBM Act, and distorting revenue surplus, fiscal deficit and debt ratios. IMF doesn't like it. Now, CAG is set to clamp down on the bad practic

Govt launches 2-day conference on labour codes, asks states to notify rules

This is the first of six regional conferences planned by the Central government, covering all states, Union territories and key stakeholders

Cut imports, boost exports to become 3rd-largest economy: Gadkari

The road transport and highways minister noted that the use of bio-bitumen, a petroleum-free component, in road construction is a transformative step towards the vision of Viksit Bharat 2047

India's economy to grow 7.4% in FY26, first advance estimates show

The projection formed part of India's first advance estimate of gross domestic product (GDP), which is subject to revisions as data coverage improves