Page 4 - Economy & Policy News

India's GDP to grow 7.1-7.3% in FY27, pvt investment to revive: Deloitte

Deloitte India has raised its FY27 growth forecast from 6.5-6.8 per cent, citing sustained private demand and improving investment conditions, while flagging geopolitical risks.

PM Modi, Canadian foreign minister discuss concluding CEPA by year-end

The two sides discussed expanding trade and investment ties across energy, education, tech and security, with a Canadian trade mission to India as a step towards deeper Indo-Pacific engagement

India GDP to grow 7.1-7.3% in FY27 on private investment revival: Deloitte

However, geopolitical tensions, volatile energy prices and trade disruptions pose risks to the growth outlook, it added

India-US trade deal would be concluded at the earliest: Sitharaman

On trade with China, Sitharaman said the growing trade imbalance and persistent restrictions on market access for Indian products remained major concerns

China's trade barriers remain a hurdle to closer bilateral ties: Sitharaman

Finance Minister said that Chinese non-tariff barriers are restricting Indian exports of generic drugs, beef, and vegetables, complicating efforts to strengthen trade and improve bilateral relations

Govt raises petrol export duty to ₹2.5/litre, cuts diesel duty to ₹8.5

The export duties ‌are currently reviewed every fortnight and adjusted in line ‌with movements ​in international crude ​oil and petroleum product prices

India's trade deficit widens to $30.21 bn in Sep from $26.86 bn in August

Merchandise exports jumped 23 per cent year-on-year to a four-month high of $44.40 billion, while imports rose nearly 11 per cent to $74.61 billion

Centre's net direct tax collection rises 13.2% to ₹13.38 trn till Oct 14

Gross direct tax collections stood at ₹16.03 trillion during the period, registering an annual growth of 14.89 per cent

India gains ground in cleantech manufacturing as supply chains diversify

Policy support, a large domestic RE market and the global push to diversify supply chains are drawing manufacturing investment to India, though batteries and upstream solar components need to catch up

India's current account deficit narrows to $5.2 billion in August: RBI data

India's current account deficit narrowed to $5.2 billion in August from $6.1 billion a year ago, while strong banking capital inflows helped the BoP post a $45.4 billion surplus

Rupee extends rally for fifth consecutive session as crude, dollar soften

The rupee gained for a fifth straight session to close at 95.06 against the dollar as crude oil prices and US yields eased, while forward premiums surged on FERR-related unwinding

Current account deficit narrows to $5.2 billion in August: RBI data

The net deficit in the merchandise trade account declined to $26.6 billion in August from $27.6 billion in the same month last year

RBI should curb non-essential LRS outflows, scrutinise ODI: SBI Research

SBI Research has called for curbs on non-essential foreign exchange remittances and closer scrutiny of overseas investments to ease rupee pressure amid global uncertainties

Bank deposits hit record $3 trillion, boosted by dollar deposits scheme

India's banking system deposits reached a record ₹284 trillion in September, aided by the RBI's discounted dollar swap scheme, which attracted around $133 billion in inflows.

India's WPI inflation may breach 12%, retail 6% in October: Ind-Ra

India Ratings expects wholesale inflation to exceed 12 per cent and retail inflation to breach 6 per cent in October, driven by adverse base effects, weather conditions and rising energy prices.

India's unemployment rate remains stable at 5% in September: NSO data

India's unemployment rate remained stable at 5 per cent in September 2026, while urban unemployment edged up to 6.9 per cent, according to the NSO's Periodic Labour Force Survey.

India's exports rise 23% to $44.4 bn in September, trade deficit narrows

Imports grew 8% to $74.61 billion in September, while exports during April-September rose 18.51% to $259.89 billion, government data showed

US trade pact to be operationalised once India gets competitive edge: Goyal

Goyal also said that the free trade agreement between India and the European Union will be inked in December and will come into force in February or March next year

Net direct tax collection grows 13% to ₹13.38 trillion till October 14

Net corporate tax collection rose 20.58 per cent to ₹5.99 trillion, while securities transaction tax receipts surged 52 per cent to ₹46,840 crore during April 1-October 14

States must assess resource needs before approving data centres: NITI Aayog

A NITI Aayog report called on states to look beyond investment announcements and assess whether they have the electricity, water, land, and supporting infra needed to sustain data-centre projects.