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Indivjal Dhasmana, a senior associate editor at Business Standard, writes on macroeconomics, taxes, and political economy. He has over three decades of experience in various journalism. He currently heads the economics data team at Business Standard.
Indivjal Dhasmana, a senior associate editor at Business Standard, writes on macroeconomics, taxes, and political economy. He has over three decades of experience in various journalism. He currently heads the economics data team at Business Standard.
High revenue deficit tells us that the governments borrow from the markets just to meet their current expenditure and do not generate assets
States' debt remains above pre-pandemic levels due to Covid-era borrowings, though interest-free central loans for capital spending have eased the overall burden
Rupee depreciation and slow growth weigh on states' ambitious economic goals
While aggregate finances remain stable, high debt and welfare handouts weigh on some budgets
Germany now matches the US in NATO's common funding, but Washington continues to shoulder the majority of indirect military contributions to the alliance
GST enters its 10th year with slab reforms underway, but key sectors remain outside the tax net as revenue growth and tax-GDP gains trail expectations
PPI and GVA deflators both signal lower farm prices in FY26, reinforcing concerns over farmer earnings despite debate over how agricultural output is measured
Petrol and diesel inflation accelerated in May 2026 as repeated fuel price hikes pushed CPI indices above 100, driven by rising global oil market pressures
Despite growth in income tax, corporation tax and GST, a sharp fall in IGST and GST compensation cess dragged down April's overall central tax collections
RBI data shows housing prices in several smaller cities have outpaced metros, while Delhi and Hyderabad remain below their 2022-23 price levels
Recent fuel price hikes likely to push petrol inflation above 2024 base-year levels after prolonged period of muted CPI readings
The rupee's slide past 95 per dollar reflects renewed stress on India's external accounts amid rising trade deficits and forex outflows
War-driven fuel shock hits India unevenly: LPG inflation spikes, petrol and diesel stay flat after tax cuts, while electricity prices continue to decline
Improving monsoon forecasts and a gradual shift from crops to livestock are reducing agriculture's direct impact on India's overall economic growth
Prolonged fuel duty cuts could derail FY27 excise projections, with petroleum taxes - a key revenue pillar - facing a potential ₹1.32 trillion hit
Rising LPG prices push kiosks and restaurants to selectively hike prices, with smaller players facing sharper pressure amid West Asia fuel disruptions
In each of the past 12 years, there has been a drop in domestic crude production
New 2022-23 GDP base may not change sector shares unless methodology is revised, as past shifts show sharp impact of statistical tweaks
Food deflation and bullion-led inflation offset each other in January, but net impact of top items lifted retail inflation to 2.75% from 1.33% in December
From 2019 to 2024, Bangladesh beat India in terms of per capita income