Economy

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

Private firms are likely to invest ₹1,100 crore in 18 modern bus terminals in Uttar Pradesh as the state expands its transport PPP model and electric bus network

RBI Deputy Governor Poonam Gupta says higher irrigation coverage, allied activities, mechanisation and better crop varieties have made the rural economy and agriculture more resilient.

In reform push, seeks reinvented approach to actions

Outbound investments from GIFT IFSC remain constrained due to tax-related issues, and the International Financial Services Centres Authority (IFSCA) is working with the government on the matter, a senior official said on Wednesday. "We are already working with the government on the outbound tax. That is, of course, the request of the funds. That is something which we are working on," Pradeep Ramakrishnan, executive director at IFSCA, said during a panel discussion at an Artha Bharat Investment Managers IFSC LLP event. Ramakrishnan's remarks come amid industry demands for a more competitive tax framework to encourage outbound investment structures from GIFT City. Further, Sachin Sawrikar, managing partner at Artha Bharat Investment Managers IFSC LLP, in an interview to PTI, said outbound investments remain relatively small and continue to face multiple constraints, including taxation and the tax collected at source (TCS) framework. Sawrikar said while the IFSC regulator has made ...

The number of cybersecurity GCCs in India has risen to 59 from about 30 in six years as global firms tap local talent for engineering, threat intelligence and security operations

Net foreign direct investment (FDI) declined in recent years, from USD 27.99 billion in FY23 to USD 6.95 billion in FY26, due to increased repatriation by foreign investors and rising Overseas Direct Investment (ODI) outflows, Parliament was informed on Tuesday. Net FDI moderated to USD 10.13 billion in FY24 and further to USD 960 million in FY25, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Rajya Sabha quoting RBI data. In gross terms, he said, India registered a record FDI inflow of USD 94.84 billion in FY26 as compared to USD 80.61 billion in FY25. "The decline in net FDI in recent years recovered to USD 6.95 billion in FY26 from USD 0.96 billion in FY25. The recent trend in net FDI inflows is associated with increased repatriation/disinvestment by foreign investors and rising Overseas Direct Investment (ODI) outflows," he said. The ODI outflow on account of liberalized ODI rules notified in 2022 is helping Indian entities enhance their business

Macroeconomic fundamentals of the Indian economy remain strong, supported by robust domestic demand, healthy corporate balance sheets and sustained fiscal discipline amid global challenges, Union Minister Pankaj Chaudhary told Parliament on Tuesday. Further, according to the RBI's Financial Stability Report (June 2026), the domestic financial system remains resilient, underpinned by strong bank and non-bank balance sheets, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Rajya Sabha. "As a major player in global markets, India's economy is also linked with international trends, which impact its exchange rate movements. Since the start of the West Asia conflict, the Indian Rupee (INR) has depreciated against the US Dollar (USD) by 5.8 per cent in FY27 (from February 27 up to July 22, 2026)," he said. At present, the macroeconomic fundamentals of the Indian economy remain strong, he said, adding real GDP has consistently grown at over 7 per cent during the

The government is considering a proposal to ease foreign direct investment (FDI) norms for downstream investments to boost overseas fund inflows and create jobs, sources said. The proposal is currently under inter-ministerial discussions, they said. The government has in recent years undertaken a series of reforms aimed at liberalising the country's FDI policies with the goal of stimulating economic growth and encouraging foreign capital inflows. To promote FDI, the government has put in place an investor-friendly policy, with most sectors open to 100 per cent overseas investments under the automatic route except for a few strategically important sectors. More than 90 per cent of FDI inflows are received under the automatic route. One of the sources said that to ensure that India remains an attractive and investor-friendly destination, the government reviews the FDI policy on a continuous basis and makes changes from time to time after holding extensive consultations with ...

There is no doubt that West Bengal's economy performed way below potential, and Mamata Banerjee's 15 years in power compounded the damage

Pakistan's foreign direct investment fell 34 per cent year-on-year to its lowest level since 2023, as businesses cited unpredictable tax policies and several multinational firms exited the market

Reserve Bank of India said the economy remains resilient, supported by healthy demand and strong industrial and services activity, while warning that the Iran war and a deficient monsoon pose risks

India needs predictable tax, trade and regulatory policies to attract foreign capital, boost investment and achieve its Viksit Bharat growth ambitions

The scale of ‌inflows is in particular focus for ​the rupee, which is facing renewed pressure ‌from a sharp rise in oil prices amid renewed hostilities in the Middle ‌East

Banks expect FCNR-B deposit mobilisation to accelerate before the RBI's September 30 deadline, even as early collections by several public lenders trail their stated targets

Satheesan speaks about the impact of the West Asia war, a proposed high-speed rail project in the state and the Adani group's stake sale plan in the Vizhinjam port project