Page 3 - Krity Ambey

ADB cuts India's FY27 GDP growth forecast to 6.6%, cites West Asia tensions

The Asian Development Bank lowered India's FY27 growth forecast to 6.6 per cent, citing higher energy prices amid West Asia tensions, while retaining its FY28 projection at 7.3 per cent

AI real threat to GCCs handling low-cost, repetitive work: CEA Nageswaran

Highlighting the evolution of India's GCC ecosystem, the CEA said multinational companies initially came to India for lower costs but stayed because of the country's capabilities

India-EU FTA likely to be rolled out by Apr-Jun 2027: EU chief negotiator

The India-EU free trade agreement is likely to take effect in the April-June quarter of 2027 after ratification, according to the European Commission's chief negotiator

Negotiators give fresh push to FTA with Asean after missing 2025 deadline

India and Asean have asked negotiators to expedite the review of their free trade agreement after missing the 2025 deadline, with talks focused on resolving pending chapters

Over 140K guarantees worth ₹1.55 trillion issued under ECLGS 5.0: Govt

The finance ministry said over 140,000 guarantees worth more than Rs 1.55 trillion have been issued under ECLGS 5.0, with MSMEs accounting for the overwhelming majority of beneficiaries

India rose to 11th among top FDI destinations in 2025: UN report

UNCTAD says FDI inflows rose to $38.89 billion in 2025 as India strengthened its appeal for advanced manufacturing, although announced greenfield investments moderated amid global uncertainty

FM Sitharaman asks toy makers to aim for a quarter of global market by 2032

Finance Minister Nirmala Sitharaman urged the Indian toy industry to target a quarter of the global toy market, citing government support and quality measures to boost manufacturing and exports

Govt's collateral-free export credit scheme finds limited takers

Only 140 exporters have registered for collateral-free export credit under EPM since January, highlighting weak uptake of the MSME-focused guarantee scheme

CPSEs meet 25% of FY27 cumulative capital expenditure target in Q1

CPSEs achieved 25% of their FY27 capex target in Q1, with spending rising 26% to ₹2.10 trillion, led by the Railway Board and NHAI

India's goods exports likely to cross $500 bn in FY27: Piyush Goyal

Commerce Minister Piyush Goyal expects merchandise exports to grow 16-17 per cent and services exports 10-11 per cent, taking India's total exports close to the $1 trillion target

MFs making markets resilient amid global volatility, says Sebi WTM

Domestic institutional investors, led by mutual funds and SIPs, have emerged as a key stabilising force for Indian capital markets amid global volatility and FPI outflows, says SEBI

India should revisit stance on WTO ecom moratorium: Icrier study

ICRIER says India's growing digital exports now outweigh tariff revenue concerns and calls for a more proactive role in shaping global digital trade rules

India-EU FTA legal scrub to end in 10-12 days; pact likely by Dec 31: Goyal

Commerce Minister Piyush Goyal says the India-EU free trade agreement is on track for signing by December-end, while reiterating India's demand for a competitive edge in the interim US trade deal

Next trade order needs stronger developing-world voice: ICC Chair

Harsh Pati Singhania says his ICC tenure will focus on giving developing economies a stronger voice in global trade, AI governance and digital standards

Sitharaman begins four-day France visit to deepen economic, strategic ties

The finance minister will co-chair the India-France Economic and Financial Dialogue, meet business leaders and participate in a global economic forum during her four-day visit

India's fiscal deficit rose 12-fold to ₹1.62 trillion in April-May

Within tax revenue, the government's excise duty collections fell nearly 20 per cent to Rs 2.12 trillion in April-May

Govt plans wide-ranging reforms to modernise SEZ regime, spur investments

Proposals include allowing SEZ units to sell in the domestic market on a duty-foregone basis, accept rupee payments for services and undertake manufacturing for domestic firms

Sustained Hormuz disruption may crowd out pvt capex in India: Report

Extended Strait of Hormuz disruption could fuel inflation, weaken the rupee, widen the current account deficit and crowd out private investment, says report

Small savings rates remain unchanged for 10th consecutive quarter

The Centre has retained interest rates on all small savings schemes for the July-September quarter, extending the status quo for the 10th consecutive quarter despite policy rate cuts

Govt to add ₹30,000 crore to NIIF to catalyse foreign investments

The Centre's total commitment to the sovereign-anchored fund will rise to Rs 60,000 crore, supporting a new infrastructure fund and attracting global investors