Economy & Policy News

PM Modi moots 'reform partnership charter' with industry, lenders

At a post-Budget webinar, PM Modi calls for a reform partnership charter to formalise collaboration among government, industry, FIs and academia, and urges deeper reforms and investment

India's FY26 growth outlook raised to 7.6% after GDP series reset

Economy expands 7.8% in Q3; manufacturing shines bright

India, EU free trade agreement includes model mediation procedures

These FTA texts may undergo further modifications as a result of the process of legal revision/ scrub. The texts will be final upon signing

New series addresses lacunae in older GDP methodology amid revision

Discrepancies between the expenditure and production sides not completely wiped out

New GDP series: Eye on revised mfg maths amid capex push, says India Inc

Clearer view on manufacturing expected with new GDP series

New GDP series: Consumption demand recovers in FY26, govt spending flat

India's Second Advance GDP Estimates for FY26 signal strengthening private consumption, steady government spending and firmer investment momentum, reflecting shifts under the revised GDP series

US licences for India's Venezuelan oil purchases mask ground realities

While GL 46A allows financing activities related to transactions, alongside are sanctions on dealings with Venezuelan state oil company PdVSA

Russia remains India's top crude oil supplier despite Trump pressure

India's crude oil purchases from Russia remain strong at 1.1 million barrels per day (bpd) in February, showed data from maritime intelligence firm Kpler

Lower FY26 nominal GDP to raise India's fiscal deficit, debt ratios

Lower nominal GDP estimates have nudged up FY26 fiscal deficit and debt ratios, implying a steeper consolidation path even as new NSO GDP data revises sectoral weights

India to continue talks for best trade deal with US, says Piyush Goyal

India is closely watching US tariff moves after the Supreme Court verdict, with Goyal saying New Delhi will continue to engage Washington to preserve balance in the newly finalised interim trade deal

New GDP series lifts FY27 growth outlook to 7-7.4%, says CEA Nageswaran

India's GDP growth for FY27 is seen at 7-7.4% under the new series, with risks tilted upward, as strong momentum, reforms and trade deals lift the outlook

Centre's fiscal deficit at 63% of full year target at Jan-end: CGA data

The Centre estimates the fiscal deficit (the gap between expenditure and revenue) during 2025-26 at 4.4 per cent of GDP, or Rs 15.58 trillion

GDP growth projection for FY27 revised to 7-7.4% as per new series: CEA

Economy continues to maintain strong growth momentum, supported by broad-based activities, says CEA Nageswaran

India's Q3FY26 GDP growth slows to 7.8% from 8.4% in Q2 on new series

India's GDP grew 7.8% in Q3FY26 under the new series, slightly slower than earlier quarters, while full-year FY26 growth is estimated higher at 7.6% compared to 7.1% in FY25

India-US trade deal will be 'rebalanced' if situation changes: Piyush Goyal

Union Commerce Minister Piyush Goyal said that Indian trade authorities are closely tracking developments after the US Supreme Court ruling against country-specific tariffs

India's growth may outpace current estimates after GDP data overhaul

Earlier this month, the government revised its inflation series to better capture shifting spending patterns in the world's fastest-growing major economy

Howard Lutnick meets Piyush Goyal, holds 'highly productive' trade talks

Howard Lutnick held talks with Piyush Goyal in Delhi as tariff uncertainty persists following fresh US duties and renewed trade deal discussions

What shifts beyond the base under India's new GDP series overhaul

A key pillar of the new series is the improved measurement of the household and informal sectors that account for a significant share of output and employment

A beginner's guide to GDP estimates ahead of the release of new series

What is GDP, how is it calculated, and why do estimates matter? A simple guide to GDP, GSDP, nominal vs real growth and India's new base year

New GDP series: How revisions in FY2011-12 rewrote high-growth years

Under 2004-05 series, India recorded 3 straight yrs of 9%-plus growth