Shiva Rajora/workspace/business Standard Web/undefined

India's new GDP series to reboot consumption maths as spending shifts

India will use household consumption survey data to estimate spending in the revised GDP series, reflecting a shift as families now spend more on non-food items than food

Unemployment rate at 8-month low of 4.7% in November, shows PLFS

For urban areas, the jobless rate fell to 6.5 per cent from 7 per cent during the same period

Slower food deflation nudges retail inflation to 0.71% in November

Food deflation eases to -3.91%, rural inflation turns positive at 0.10%, but gold & silver surge above 58% keeps core elevated

Goa nightclub fire incident exposes EPFO's compliance failure: Officers

EPFOA alleges that the nightclub's EPF-registered entity, M/s Being GS Hospitality Goa Arpora LLP, never deposited provident fund dues since its coverage

Top 10% own two-thirds of India's wealth, bottom 50% hold 6.4%: Report

The report edited by economists Lucas Chancel, Ricardo Gómez-Carrera, Rowaida Moshrif, and Thomas Piketty shows that the top 1 per cent Indians hold about 40 per cent of the country's wealth

ADB raises India's growth forecast by 70 bps to 7.2% on consumption boost

ADB has sharply raised India's FY26 growth forecast to 7.2% on stronger consumption post tax cuts, while inflation estimates have been lowered as prices soften and demand strengthens

New Labour Codes aim for big reform, but face bigger test of enforcement

The Centre has notified implementation of four labour codes, including new provisions for gig workers. But definitions, enforcement capacity and state rules may decide how far benefits reach

Fitch lifts FY26 growth forecast to 7.4% on stronger consumer demand

Fitch raises India's FY26 growth forecast to 7.4%, citing strong consumer demand and GST-driven sentiment, while expecting slower growth ahead, limited rupee fall and one more RBI rate cut

Terrain changed, need to up our game to court FDI: CEA Nageswaran

Government reviewing FDI policies as net inflows stay muted; manufacturing push and policy reforms key to attracting investment

Quality-adjusted HDI shows gaps in human development across states: CSEP

States like Kerala and Himachal Pradesh, which have high scores in traditional HDI and are praised for their success, show some of the largest gaps once quality factors are taken into consideration

OECD retains India FY26 growth outlook at 6.7% amid US tariff risks

OECD has kept India's FY26 growth forecast unchanged at 6.7% and FY27 at 6.2%, citing easing monetary policy and public capex, while warning that higher US tariffs could hit exports

US tariffs weigh as manufacturing PMI slows to 9-month low in November

The headline HSBC purchasing managers index (PMI) figure, compiled by S&P Global, for November fell sharply to 56.6 from 59.2 in October

Centre working on national gig-worker welfare blueprint under Labour Codes

According to a NITI Aayog report, nearly 10 million gig workers were employed in the country in 2024-25, with the number projected to grow to 23.5 million by 2029-30

Consumption demand zooms to 3-quarter high; govt spending declines in Q2

Economists reckon this recovery could be a sign of the broadbasing of consumption in the economy, with rural consumption leading the way

Rules for four new Codes to be in place before April 1: Labour secy

Gurnani said that the labour ministry will republish the draft rules soon and give 45 days' time for public consultation

Want labour machinery to focus on defaulting firms: Labour Secretary

Labour Secretary Vandana Gurnani talks about how the ministry plans to enforce worker protections without bureaucratic drags and how states are aligning their rules with the national framework

States can draft labour code rules at their pace if aligned with new laws

Reportedly, the centre is in works to come up with the rules under the new codes by the first week of December, following which there will be a 45 day window for stakeholder consultations

Jobs in unincorporated sector rose marginally in Q2, shows NSO data

Meanwhile, the number of establishments in the sector rose to 79.7 million from 79.42 million during the corresponding period

New labour codes to increase formalisation 15%, says SBI report

SBI expects India's four new labour codes to boost formalisation 15%, extend social security to 85%, and create 7.7M jobs, though costs and state rules may affect results

Labour codes: Trade unions raise red flag over modified retrenchment clause

The Joint Platform of Central Trade Unions (CTUs), comprising 10 Central Trade Unions including (CITU), have called for protests from November 26