Economy

India's current account deficit widens to $4.2 bn in Q1 as trade gap grows

Balance of payments recorded a deficit of $8.1 billion in Q1FY27 as portfolio outflows weighed, compared with a surplus of $4.5 billion in the year-ago quarter

From crises to inflation: What RBI Governors' speeches tell us about policy

From Subbarao and Rajan's crisis-era outreach to Patel's reticence and Das' Governor's Statements, the RBI's communication has evolved alongside India's economic challenges

India raises diesel export levy, imposes petrol duty; cuts ATF levy

Diesel export duty rises to Rs 25 per litre and petrol attracts a Rs 1.5 levy, while the export duty on aviation turbine fuel falls to Rs 19 per litre

Net GST revenue receipt jumps 8.3% in August to ₹1.68 trillion

Import-related GST revenue surged 29 per cent year-on-year, outpacing domestic growth, while net collections rose 8.3 per cent to ₹1.68 trillion

India's current account deficit widens to $4.2 billion in Q1: RBI data

Merchandise trade deficit at USD 86.1 billion in the April-June period of 2026-27 was higher than USD 68.9 billion in the first quarter of 2025-26.

PM Modi urges people to shun foreign holidays, unnecessary gold purchases

PM cites India's 7.8 per cent June-quarter GDP growth to renew his Swadeshi pitch, urging citizens to embrace self-reliance and sustain economic momentum

India, Zambia resume talks on copper, critical mineral investments

Officials from India's Mines Ministry held preliminary talks with Zambia on August 26 as New Delhi seeks overseas sources of copper and other critical minerals

Manufacturing PMI falls to 5-year low in August amid sales slowdown

New orders and output expanded at their weakest pace in five years, while manufacturing employment contracted for the first time in two-and-a-half years

Weak monsoon threatens India's key crops, raises risk of food price rise

India faces below-normal rainfall in September after a 14% deficit through August, raising concerns over soil moisture and crops including rice, sugar cane and soybeans

Manufacturing PMI slips to 52.8 in August, weakest expansion in five years

India's manufacturing sector expanded at its weakest pace in five years in August as output and new orders slowed, while employment fell for the first time in two-and-a-half years

ATF price up 5.46%, commercial LPG rates of 19 kg cylinder hiked by ₹9.50

Jet fuel prices rose by ₹6.28 per litre to ₹121.28, while commercial LPG increased to ₹2,747.50 per 19-kg cylinder, raising costs for airlines and businesses

ITR filing for AY27 touches record 78 million till August 31: I-T dept

More than 78 million income tax returns were filed for AY 2026-27 by August 31, including over 59 million ITR-1 and ITR-2 returns filed by July 31

Mahanagar Gas hikes CNG rates by ₹2 per kg, domestic PNG by ₹1/SCM

Mahanagar Gas raised CNG prices to ₹88 per kg in Mumbai and PNG rates by ₹1 per SCM, citing higher input gas costs linked to international indices

Economic activity stable, but El Niño clouds food inflation: FinMin

Finance ministry says domestic demand remains resilient, but an intensifying El Nino and weather-related risks warrant caution on food inflation and agricultural output

PM Narendra Modi talks Strait of Hormuz, seafarer safety at SCO meet

PM calls for an end to the Russia-Ukraine conflict and freedom of navigation in the Strait of Hormuz as SCO leaders discuss stronger regional trade and connectivity

Centre spends 37% of capital expenditure target in four months

Capital spending rose 30 per cent year-on-year to Rs 4.51 trillion in April-July, while the fiscal deficit fell nearly 3 per cent to Rs 4.55 trillion

India's GDP grows 7.8% in Q1FY27 despite disruptions from West Asia crisis

Investment, consumption spearhead strong uptick despite West Asia crisis effects

Bhupendra Patel invites global, domestic investors to participate in VGGS

Gujarat highlights opportunities in semiconductors, green energy, data centres and manufacturing as it gears up for the 11th Vibrant Gujarat Global Summit in January 2027

India's floating solar plan: Strategic clean-energy move or risky bet?

India's PM-SSY targets 5 GW of floating solar capacity with two-hour storage and Rs 28,500 crore of investment, but high costs, viability concerns and technical risks could impede scale-up.

Investment demand drives growth in Q1FY27, consumption loses momentum

Gross fixed capital formation growth accelerated to 11.9 per cent in Q1FY27, while private consumption growth slowed to 7.1 per cent from 7.5 per cent in Q4FY26