Economy
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
 "Moody's raises India FY27 growth forecast to 7%, flags inflation risks")
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
 "Net direct tax mopup rises 13% to ₹12.12 trillion till September 17")
Datanomics: What Rozgar Mela numbers say about government hiring
Modi government's Rozgar Melas have offered nearly 1.9 million jobs since 2022, but overall government employment has grown only modestly
 "Datanomics: What Rozgar Mela numbers say about government hiring")
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
 "India's foreign exchange reserves drop by $4.9 billion from record high")
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
 "16th FC road map to bring down debt to 73% by FY31 'daunting': N K Singh")
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
 "The economic reforms paradox: A few states dominate FDI inflows")
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
 "Small retailers may pass on 0.4% UPI MDR, shift to bank transfers")
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
 "India's outbound FDI rises 23.3% to $3.8 billion in August: RBI data")
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
 "Private financing critical for Viksit Bharat goal: Economic Affairs Secy")
India housing prices rise 3.6% in Q1FY27, match year-ago pace
RBI's Housing Price Index rose 3.6 per cent in Q1FY27, with Chandigarh, Jaipur, Kanpur, Lucknow and Thiruvananthapuram recording the strongest gains
 "India housing prices rise 3.6% in Q1FY27, match year-ago pace")
RBI absorbs ₹2.23 trillion via variable rate reverse repo auction
The Reserve Bank of India (RBI) on Friday absorbed Rs 2.23 lakh crore from the banking system amid surplus liquidity by conducting a variable rate reverse repo (VRRR) auction
 "RBI absorbs ₹2.23 trillion via variable rate reverse repo auction")
India's net direct tax collection rises 13% to ₹12.12 trillion till Sept 17
Gross direct tax collection clocked a 15 per cent growth totalling over ₹14.32 trillion
 "India's net direct tax collection rises 13% to ₹12.12 trillion till Sept 17")
Crude supply, not price, worries Indian refiners on W Asia, Russia squeeze
Price headache is turning into a physical procurement crisis for importing countries
 "Crude supply, not price, worries Indian refiners on W Asia, Russia squeeze")
Moody's raises India FY27 GDP growth forecast to 7% on W Asia resilience
The agency said elevated energy prices and El Niño-related food price pressures pose risks to inflation, consumption and growth
 "Moody's raises India FY27 GDP growth forecast to 7% on W Asia resilience")
Rising margins, volumes, new markets drive India's petroleum exports higher
India's petroleum exports rose 46 per cent year-on-year as better terms of trade, recovering volumes and shipments to newer markets boosted overall merchandise export growth
 "Rising margins, volumes, new markets drive India's petroleum exports higher")
Centre-state meet to discuss GST 2.0 impact, Viksit Bharat roadmap
The two-day conference will discuss GST 2.0, the macroeconomic outlook and financing for agricultural transformation, energy transition and Viksit Bharat
 "Centre-state meet to discuss GST 2.0 impact, Viksit Bharat roadmap")
RBI may increase debt sales to drain surplus liquidity after 9 years
Indian bond traders expect the central bank to step up bond sales for liquidity absorption, as policymakers likely seek to strengthen transmission of expected rate hikes
 "RBI may increase debt sales to drain surplus liquidity after 9 years")
RBI sells ₹50000 cr govt securities in OMO to drain surplus liquidity
India's central bank sold ₹50000 crore ($5.2 billion) of bonds under its open market operations program as it stepped up efforts to drain surplus cash from the banking system
 "RBI sells ₹50000 cr govt securities in OMO to drain surplus liquidity")
India's Russian oil imports: From war-era discounts to Trump-era shifts
US lawmakers' push to name India in a Russia sanctions bill puts its Russian oil purchases back in focus. Here's how the trade has changed since Moscow's invasion of Ukraine
 "India's Russian oil imports: From war-era discounts to Trump-era shifts")
War, extreme weather put Asia's food security at risk: Verisk Maplecroft
Fuel and fertiliser disruptions from the Iran war, alongside El Niño-linked weather extremes, are threatening crops and could worsen food inflation across vulnerable Asian economies
 "War, extreme weather put Asia's food security at risk: Verisk Maplecroft")