Economy

Consumption-led sectors, including consumer goods, retail and leisure, are expected to remain the cornerstone of growth, reaching about $150 billion by FY31 at an annual growth rate of around 25%

The economic and social development of Coastal Karnataka shows what can be achieved when government creates space for private enterprise

Finance Minister Swapan Dasgupta will be the star attraction at the first edition of a Business Standard Roundtable in the state, Bengal Beckons, on Monday

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

From a $4-5 billion rebuilding bill and damaged hydropower to broken trade routes, lost livelihoods and weak local capacity, Nepal's recovery could stretch far beyond the floodwaters

The statistics ministry on Wednesday defended the methodology behind its newly released economic growth estimates, saying revisions to last year's GDP and the divergence between different price measures reflect updated data and estimation techniques rather than an attempt to artificially boost headline growth. The clarification came two days after the government released an updated series of annual and quarterly GDP estimates with 2022-23 as the base year, incorporating a new Producer Price Index (PPI), Banking Services Price Index and additional administrative data. The ministry's detailed questions-and-answers addressed concerns ranging from negative implicit price deflators in manufacturing to the sharp difference between nominal and real growth in mining, as well as the sizeable statistical discrepancy between production- and expenditure-side estimates. India's economy grew 7.8 per cent in real terms in the first quarter of fiscal 2026-27, according to the revised GDP series. T

The economy doesn't need "heroic assumptions" to meet that target, Chief Economic Adviser V Anantha Nageswaran said

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

The index of services production released on Monday for the third time on a trial basis showed eight of 19 service categories recorded double-digit growth in June this year. The Ministry of Statistics & Programme Implementation (MoSPI) releases the Index of Services Production (ISP) for the month of June 2026 in respect of 19 sub-sectors, with base year 202425. Except for air transport, all the categories recorded positive growth in June on an annual basis, a statement by the statistics ministry said. Air transport declined by six per cent. Top sub-sectors reporting strong growth in June 2026 were Real Estate (24.7 per cent), Retail Trade (18.0 per cent), Wholesale Trade (15.1 per cent), Administrative and Support Services (14.4 per cent), IT and Computer Related Services (13.5 per cent), according to the index. The maiden sub-sectors trial ISP for April 2026 was released on July 14, 2026. The monthly ISPs are being published on an experimental basis, the ministry said. The ...

The Reserve Bank of India (RBI) on Friday announced the buyback of government securities worth Rs 30,000 crore on September 3. The auction will take place on September 3, between 10:30 AM and 11:30 AM on the Reserve Bank of India Core Banking Solution (E-Kuber), the RBI said in a notification. The government will buy back securities such as 7.33 per cent GS 2026, 5.74 per cent GS 2026, 8.15 per cent GS 2026, and 8.24 per cent GS 2027, the notification said. The central bank has not notified any amount for the individual securities within the aggregate ceiling of Rs 30,000 crore. Auction for securities will be conducted using multiple price methods, the RBI said. This comes at a time when the liquidity in the banking system is in huge surplus and the central bank has been conducting variable rate reverse repo (VRRR) auctions to remove excess surplus liquidity from the system. The central bank, so far in August, has conducted 21 VRRR auctions to remove excess surplus liquidity from

Even at seven per cent, the GDP growth rate in the first quarter would be a four-quarter low, though higher than 6.8 per cent in the year-ago period.

Mutual funds investing overseas through the fund-of-funds route also held assets worth 465.5 billion rupees ($4.9 billion) as of July 31

Women remain under-represented in India's platform economy despite near parity in bank-account ownership, as digital capability and credit-access gaps persist

Establishments and employment remained above year-ago levels but contracted sequentially, with rural India accounting for much of the decline in the June quarter

Even as new-age offices and crisscrossing flyovers reshaped the skyline, Kolkata's image changed only fleetingly

July persondays fell sharply from MGNREGA levels, but the Centre cites sowing pauses, monsoon recovery and transition issues, while experts say one month is too early to judge

Equirus Securities in its report 'India's Road to a $20 Trillion Economy' has proposed a 20-point reform agenda across five areas.

West Bengal's new government is betting on a pro-business approach to revive investment, but fiscal constraints and the contentious land question remain major hurdles

Thomas Cook's report shows smaller cities driving forex demand as young travellers adopt digital channels and buyers increasingly opt for destination-specific currencies.

Temporary hiring is expected to rise 15-20 per cent this year as companies step up recruitment for specialised frontline roles to meet increased demand during an extended festive season, a report said on Wednesday. Hiring across organised retail, e-commerce, quick commerce, logistics, FMCG and consumer durables is expected to grow this festive season, according to TeamLease Services' Festive Season Workforce Report 2026. However, hiring is shifting beyond volume recruitment toward specialised frontline roles as businesses prepare for a longer festive calendar, faster fulfilment expectations and increasingly omnichannel consumer journeys. The TeamLease Services' Festive Season Workforce Report 2026 is based on its internal workforce dataset and evaluates anonymised employment records of 60,000 frontline associates deployed during the season across Consumer Durables, Organised Retail, E-Commerce, Quick Commerce, Logistics, and FMCG. According to the report, as sale windows extend fro