Economy

India's exports to core Brics markets surge 34% in Apr-Aug, China leads

According to the commerce ministry data, exports to the four core Brics economies grew by 34 per cent, rising from $14.9 billion in April-August 2025-26 to $19.9 billion in April-August 2026-27

Govt likely to extend textile export scheme RoSCTL beyond Sepember 30

The textile industry has sought a five-year extension of RoSCTL and a doubling of its outlay, with the final decision resting with the finance ministry's Department of Expenditure

US' 100% tariff threat: India may find it difficult to cut Russian oil buys

Amid the ongoing US-India trade negotiations, Washington has often pressured New Delhi to reduce its purchases of Russian crude

100% US tariff a threat but Indian exporters bet on new markets

The actual impact of the Lindsey O Graham Sanctioning Russia Act of 2026 will depend on the tariff rate, product coverage and timing of any duties, industry representatives and experts said

Statsguru: Southeast Asia moves past India in tapping China+1 strategy

India struggles to capture China+1 supply-chain investment as Southeast Asian economies gain ground in FDI and exports

Fourth UP International Trade Show to showcase state's regional dishes

The 'Taste of UP' food court will bring together signature dishes from districts across the state, alongside rural livelihood products and major food brands at the Noida event

India's software services exports rise 8.2% to $221.4 bn in FY26: RBI data

India's software services exports rose 8.2 per cent in 2025-26, led by computer services, while the US remained the top destination with a 54.1 per cent share of exports

Non-ferrous scrap EPR regime faces portal, target-calculation gaps

Industry sources say the CPCB portal is yet to become operational, while the average-life parameter needed to calculate recycling obligations has not been published

Canada upbeat on concluding trade talks with India by year-end: Minister

Canadian ​Prime Minister Mark Carney had previously said during a trip to ‌New Delhi in March that the two countries would aim to agree a free trade pact by the end of the year

Govt mandates Aadhaar biometric authentication for LPG subsidy from Oct 1

Aadhaar biometric authentication will be required for consumers to receive subsidy on domestic LPG refills from October 1, 2026, the government said on Saturday

India's GDP will rise to $38 trillion in 20 years, says Ajit Doval

Doval said that India's GDP would increase from the current $4.015 trillion to $38 trillion in the next 20 years

Moody's raises India FY27 growth forecast to 7%, flags inflation risks

Moody's cites stronger-than-expected economic activity and resilience to the West Asia conflict, but warns elevated energy prices could push inflation above its forecast

Net direct tax mopup rises 13% to ₹12.12 trillion till September 17

Net direct tax collections rose 13% to ₹12.12 trillion, with corporate tax and STT driving growth despite a sharp rise in refunds

Datanomics: What Rozgar Mela numbers say about government hiring

The Narendra Modi government has offered about 1.19 million jobs through 19 Rozgar Melas since October 2022, with government workforce projected to reach 3.62 million by March 2027

India's foreign exchange reserves drop by $4.9 billion from record high

The decline came after reserves posted their biggest-ever weekly increase of $44.9 billion, driven by strong foreign currency inflows under the RBI's swap window

16th FC road map to bring down debt to 73% by FY31 'daunting': N K Singh

N K Singh says unfavourable geopolitics and exogenous circumstances could make debt adjustment harder, while urging states to prepare consolidation roadmaps

The economic reforms paradox: A few states dominate FDI inflows

Just seven states accounted for nearly 82% of all FDI equity inflows to India from January 2000 to March 2026

Small retailers may pass on 0.4% UPI MDR, shift to bank transfers

Industry bodies say small retailers could seek to avoid the 0.4 per cent UPI MDR by shifting to bank transfers, splitting transactions or passing on the cost

India's outbound FDI rises 23.3% to $3.8 billion in August: RBI data

Outbound equity FDI commitments rose to $1.14 billion in August, while guarantees for overseas units increased to $2.23 billion from $1.2 billion a year earlier

Private financing critical for Viksit Bharat goal: Economic Affairs Secy

Achieving India's Viksit Bharat vision will require critical private sector investment, as public expenditure alone cannot bridge the massive financing gap, Economic Affairs Secy Anuradha Thakur said