Economy

What is the Index of Services Production and why does it matter?

As the services sector drives more than half of India's GDP, the ISP aims to provide timely insights into its performance and growth trends

India-US conclude two-day trade deal talks ahead of US tariff deadline

India, US wrap up ministerial talks on first phase of bilateral trade pact ahead of tariff deadline

S&P cuts India FY27 growth forecast to 6.6% on energy stress, weak monsoon

The Indian economy recorded 7.7 per cent growth in the 2025-26 fiscal and 7.1 per cent in 2024-25

India raises domestic coal use to over 50% at import-based power plants

India is already using ‌domestic coal for operating 5.7 gigawatts capacity so far this year of the total 18.7 GW capacity at imported coal-based power plants

Share of non-household investors in deposits rise to 26.3% in FY26

India's bank deposits are shifting toward non-household funds, with rising term deposits and falling CASA share, while private banks steadily gain deposit share

Commerce ministry calls for govt-level talks on concerns over metal scrap

The ministry has sought engagement with the EU over its Waste Shipment Regulation amid concerns that restrictions on scrap exports could affect Indian industry

NITI Aayog proposes 'model pharma chapter' for future FTA negotiations

Think tank flags non-tariff barriers as a bigger hurdle than duties for $35.8 bn drug exports

Great Nicobar Port won't stop; Phase-I to start by 2028: Sarbananda Sonowal

Shipping minister says the Galathea Bay transhipment terminal project will proceed as planned, despite opposition over environmental and tribal concerns

India, US begin trade talks as two nations rework deal amid tariff changes

India and the US have begun high-level talks to reshape their trade pact amid changing US tariff rules, with both sides aiming for an interim deal before July 24

Datanomics: Microfinance stress abates as NBFCs lead asset-quality recovery

India's microfinance sector is recovering as defaults fall, loan sizes rise, and government guarantees extend to boost cheaper credit to small borrowers

India must diversify energy routes, not just suppliers: S&P Global Energy

India's energy security depends on diversifying both suppliers and transport routes as West Asia tensions expose risks linked to the Strait of Hormuz

Improve speed of doing business, says CII's president R Mukundan

CII has asked the govt to implement reform measures across sectors to boost "speed of doing business" as the industry is bothered about bottlenecks in multi-modal infra and high power costs, he said

WTO to set up dispute panel in China's case against India's trade measures

China has alleged that India's tariffs and incentive measures discriminate against Chinese solar energy and information technology products and violate WTO norms

Govt begins anti-dumping probe into imports of electrical steel from China

The applicant has alleged that the cheap imports of 'Cold Rolled Grain Oriented Electrical Steel and Amorphous Metal' is significantly harming the domestic industry

Long road to 50 as govt moves fiscal anchor from deficit to debt-GDP ratio

A lower GDP base, subsidy pressures, geopolitical shocks and future spending commitments could make the Centre's goal of reducing debt to 50 per cent of GDP by FY31 significantly more challenging

India's private sector business activity slows to 3-month low in June

HSBC's flash PMI survey shows softer demand, slower output growth and weaker hiring momentum across manufacturing and services sectors in June

Businesses seek uniform GST audits, fewer tax disputes: Deloitte survey

Nine years after GST's rollout, businesses largely back the tax regime but seek more uniform audits, faster refunds and simpler compliance rules

Tax reforms to play key role in attracting global capital to India: Expert

The ICAI Singapore Chapter, in collaboration with the High Commission of India in Singapore and its International Taxation Committee, organised two knowledge sessions on India's evolving tax landscape

Flash PMI growth eases to 57.4 in June as demand and hiring lose momentum

The HSBC Flash India Composite PMI Output Index fell to 57.4 in June from 59.3 in May, as demand, hiring and business optimism softened across both key sectors

OMCs' fuel marketing margins back above pre-conflict levels: Report

Composite margins on petrol and diesel sales at state-run refiners and fuel retailers are now above levels seen before the recent West Asia conflict