Economy

ADB raises India's FY27 GDP growth forecast to 7% on strong Q1 growth

The ADB's latest projection marks an upward revision of 0.4 percentage points from its July forecast of 6.6 per cent for FY2027

Private business activity rebounds to 3-month high in Sep, PMI shows

India's private sector activity rose to a three-month high in September as manufacturing and services output improved, while new orders and hiring also gained momentum

India flash PMI rises to 56.5 in September as manufacturing strengthens

India's private sector growth strengthened in September, with the HSBC Flash Composite PMI rising to 56.5 from 54.3 in August, led by manufacturing

Fitch raises India's FY27 GDP growth projections to 6.9% on strong growth

According to Fitch, India's economic momentum is likely to moderate over the remaining fiscal year, prompting the Reserve Bank of India (RBI) to increase interest rates by 0.25 per cent

S&P raises India FY27 GDP growth forecast to 7%, sees 25 bps RBI rate hike

In its Economic Activity for Asia Pacific report, S&P estimates consumer inflation to average 5.1 per cent in FY27

Uttar Pradesh Global Capability Centres Policy, 2024: Key features, incentives, and eligibility

The policy provides financial and administrative support to companies establishing Global Capability Centres in Uttar Pradesh

Govt job portal vacancies plunge 62% in June, fall to 30-month low

Current vacancies on the National Career Service portal fell to 196,773 in June from 517,431 in May, even as the number of active employers more than doubled

Need for dialogue to ensure reliable energy supplies: Hardeep Singh Puri

Oil Minister Hardeep Singh Puri said sustained dialogue between producers and consumers was essential to support investment, energy resilience and reliable supplies

FM Nirmala Sitharaman for dialogue over litigation in business disputes

Finance Minister Nirmala Sitharaman called for greater trust and transparency, saying businesses should engage early with the government and regulators to resolve differences

Real income growth expected only in India, South East Asia: WEF survey

Most of the 36 participating economists expected inflation-adjusted incomes to fall or stagnate in nearly every geography with India and South-East Asia being the notable exceptions

Next consumption spurt hinges on wage growth: FM Nirmala Sitharaman

The next phase of consumption will be driven by upward mobility into brackets where discretionary spending accelerates, said Finance Minister Nirmala Sitharaman

Rupee extends gains for fifth straight session tracking fall in crude oil

The rupee settled at 95.59 per dollar as falling crude prices and likely dollar sales by state-run banks supported the currency; the 10-year bond yield fell 4 bps

Milk prices might stay elevated during upcoming flush season, say experts

Lower milk output due to uneven rains, higher feed and fodder costs, and strong festive demand could keep prices elevated during the flush season

Industry seeks ITC use for reverse-charge GST ahead of Oct 7 Council meet

Businesses want the GST Council to allow accumulated input tax credit to pay reverse-charge liabilities, saying the cash-payment requirement blocks working capital

Datanomics: 9 of 584 districts had double-digit unemployment rate in 2025

As many as 1.5% of the total 584 districts had a rate exactly at 3.1%. Papum Pare in Andhra Pradesh had the highest UR at 16.1 per cent.

From GDP to inflation: How US-Iran conflict is affecting major economies

The US-Iran conflict has pushed up oil prices, disrupted trade and raised inflation risks, but its economic impact varies across major economies

India growth may slow in H2 FY27 as inflation, liquidity pose risks: DBS

DBS expects India's economic growth to moderate from 7.8% in FY26 as tighter financial conditions, higher energy costs and unfavourable base effects weigh on activity, while inflation risks persist

India's crude import bill rises 48% to $74.8 bn in Apr-Aug amid high costs

India spent $24.4 billion more on crude in April-August despite a 0.4% fall in import volumes as prices rose in international markets amid supply concerns due to the West Asia conflict

One year of GST 2.0: Net GST revenue shows signs of recovery

The rate rejig exercise also withdrew compensation cess on most products, while retaining it on tobacco products until the outstanding compensation-cess loan and interest liabilities were discharged.

MoSPI explains changes in India's new national accounts methodology

For the input-price measure, the Ministry of Statistics and Programme Implementation (Mospi) is using data from the Annual Survey of Industries (ASI) along with item-level output PPI