India Economy

India must map and monitor key economic vulnerabilities, particularly in areas such as energy, food, fertilisers, metals, and critical minerals, and proactively address both supply disruptions and price volatility to mitigate the impact of future West Asia-like crisis, a top government official said on Monday. Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev in an interview with PTI further said the ongoing West Asia conflict highlights the need for a forward-looking approach to risk management. "India must map and monitor key economic vulnerabilities, particularly in areas such as energy, food, fertilisers, metals and critical minerals, and proactively address both supply disruptions and price volatility," Dev said. He said this calls for a substantial strengthening of physical buffers, including an expansion of strategic petroleum reserves and the creation of stockpiles for essential commodities, going beyond the conventional reliance on foreign ...

Economy wrap April 27-May 3: India's economy showed mixed signals this week as GST collections hit a record, credit growth slowed and policy moves spanned FDI, trade, energy and statistical reforms

IMD flags a 31 per cent probability of "below normal" monsoon and a 35 per cent chance of rainfall below 90 per cent of LPA-risks for agriculture, heatwaves, and demand

NSO proposes GST-based Index of Service Production to track high-frequency trends in services sector, addressing gaps in short-term economic indicators

Economy wrap April 20-26: From RBI caution to export resilience and trade tensions, the week showed an economy navigating global risks while leaning on domestic demand

War, weak monsoon raise upside risks to inflation

The brokerage says India's growth story could under-deliver without faster reforms as AI threatens services jobs, subsidies rise and manufacturing struggles to absorb labour

India's coal output growth turned negative for the first time since Covid, with March production contracting amid supply shortfalls, inventory drawdowns and weaker pricing

RBI holds rates amid West Asia risks, as MPC flags inflation, supply shocks, and external pressures while maintaining a cautious growth outlook

West Asia tensions threaten India's fiscal balance, growth outlook, and external stability, forcing a rethink of macroeconomic assumptions

Economy wrap April 13-19: Rising fuel-led inflation, job market stress and West Asia risks cloud near-term outlook even as government attempts to sustain growth momentum

Although the government is sticking to its forecasts of 6.8 per cent-7.2 per cent for the fiscal year through March 2027, several economists have already started to downgrade their projections

While horizontal expansion fuels growth and domestic dominance, these capital-intensive ventures often lack immediate returns, risking resource dilution and a loss of global strategic focus

Antibiotic-resistant typhoid infections accounted for at least 87 per cent of India's disease-related economic burden in 2023, according to a study in The Lancet Regional Health Southeast Asia. The total economic burden due to typhoid fever was estimated at Rs 123 billion. Children under the age of 10 incurred the highest economic burden, contributing to over half of the costs, researchers, including those from London School of Hygiene and Tropical Medicine and Christian Medical College in Vellore, found. They also estimated that households bore 91 per cent of expenses, and 70,000 families faced "catastrophic" health expenditure. Maharashtra, Uttar Pradesh, Andhra Pradesh (including Telangana), Tamil Nadu, and West Bengal were estimated to account for 51 per cent of the national costs. Typhoid fever is an infectious disease commonly transmitted through contaminated food or water. Symptoms can include high fever, fatigue, headache and stomach pain. The authors said the findings pr

The fresh cut in growth estimate by Goldman's analysts follows a change in their assumptions on oil prices and the period of disruption to supplies

Generations of Indian workers and businesses have turned the Arab side of the Gulf into a vital appendage of their own country

As the Strait of Hormuz disruption deepens, India faces rising inflation, supply shocks, and fiscal strain, with markets yet to fully price in the risks

India is set to release a new GDP series with 2022–23 as the base year. But what exactly is GDP, how is it calculated, and why do revisions matter?

Policymakers will need to rely on both internal and external shock absorbers to guide the economy to its new equilibrium

Economists say a brief West Asia conflict may have limited impact on India's macro outlook, though risks could emerge if crude oil prices stay elevated for a prolonged period