Page 4 - Economy & Policy News
Centre may have overshot debt-to-GDP ratio in FY26, shows Mospi data
Lower-than-expected nominal GDP growth may have pushed the Centre's debt ratio to 57.85 per cent in FY26, making its fiscal consolidation path steeper ahead
 "Centre may have overshot debt-to-GDP ratio in FY26, shows Mospi data")
India can return to over 7% growth path in FY28: CEA V Anantha Nageswaran
West Asia crisis may weigh on FY27 outlook, says Nageswaran
 "India can return to over 7% growth path in FY28: CEA V Anantha Nageswaran")
Investment gained momentum, consumption steady in FY26: NSO data
Investment demand strengthened in FY26 as capital formation accelerated, while consumption remained resilient and government spending growth moderated
 "Investment gained momentum, consumption steady in FY26: NSO data")
Rupee logs best day in two months on RBI's foreign flow measures
RBI's foreign flow measures help Indian currency appreciate to 94.94 against dollar
 "Rupee logs best day in two months on RBI's foreign flow measures")
E25 shift should come before flex-fuel move: PMO advisor Tarun Kapoor
PM's adviser says ethanol blending should rise to E25 before India transitions to flex-fuel vehicles and E100, while electric mobility remains central to energy security
 "E25 shift should come before flex-fuel move: PMO advisor Tarun Kapoor")
Centre working on common definitions to make data AI-ready: MoSPI secy
India is working to standardise government data definitions and classifications to improve interoperability and enable more effective AI applications
 "Centre working on common definitions to make data AI-ready: MoSPI secy")
Indian households expect inflation to spike as consumer confidence wanes
RBI surveys show Indian households expect inflation to jump amid US-Iran war tensions and weak monsoon forecasts, driving a steep decline in consumer confidence
 "Indian households expect inflation to spike as consumer confidence wanes")
India's foreign exchange reserves up by $938 mn to $682 bn, says RBI
India's forex reserves rose by USD 938 million to USD 682.3 billion, aided by higher foreign currency assets despite a decline in gold reserves
 "India's foreign exchange reserves up by $938 mn to $682 bn, says RBI")
India's GDP grows 7.8% in Q4FY26, full fiscal growth seen at 7.7%
In January-March period of the 2025-26 fiscal year, the gross domestic product (GDP) has been estimated to grow 7.8 per cent, MoSPI said
Plastic currency notes' proposal being reviewed, no decision yet: RBI Guv
RBI is evaluating the feasibility of polymer currency notes, with Governor Sanjay Malhotra saying the proposal remains at a preliminary stage
 "Plastic currency notes' proposal being reviewed, no decision yet: RBI Guv")
Govt to launch E85 fuel with 85% ethanol, challenge oil dependence
The new fuel enters the market amid lingering concerns over the impact of ethanol blends on mileage and engine durability
 "Govt to launch E85 fuel with 85% ethanol, challenge oil dependence")
Govt set to boost biogas prices, subsidies amid fuel supply concerns
The policy expected to debut this month would increase the offtake price of compressed biogas, or CBG, and offer financial benefits to companies for spending on new projects
 "Govt set to boost biogas prices, subsidies amid fuel supply concerns")
How India can halt capital flight as trade deficit widens, rupee falls
With the rupee nearing the psychologically important 100-per-dollar mark, RBI Guv Malhotra and PM Modi may need to raise interest rates and offer targeted tax incentives to stem capital outflows
 "How India can halt capital flight as trade deficit widens, rupee falls")
Technical team to visit Venezuela to explore energy opportunities: Puri
He said Indian oil and gas companies already have existing investments in Venezuela and are seeking new collaboration opportunities to enhance the bilateral energy partnership
 "Technical team to visit Venezuela to explore energy opportunities: Puri")
India may overtake China in share of global GDP in PPP terms by 2060
A World Inequality Lab study suggests India could surpass China in share of global GDP in PPP terms by around 2060 under a convergence scenario
 "India may overtake China in share of global GDP in PPP terms by 2060")
India likely to pursue FDI commitment under proposed CEPA with Canada
New Delhi may pursue an investment commitment under the proposed CEPA with Canada, mirroring recent trade agreements that included long-term foreign direct investment targets
 "India likely to pursue FDI commitment under proposed CEPA with Canada")
Rupee depreciation: India's GDP, per capita GDP could shrink in dollars
Rupee fall to show shrunk FY26 GDP in dollars
We may roll out 9 free trade agreements in next 10 months: Piyush Goyal
Commerce Minister Piyush Goyal said nine recently signed free trade agreements are expected to become operational within 10 months, with several more trade pacts in the pipeline
 "We may roll out 9 free trade agreements in next 10 months: Piyush Goyal")
India-Venezuela oil marketing companies to explore energy agreements
Prime Minister Narendra Modi and Venezuelan Acting President Delcy Rodriguez discussed energy cooperation, critical minerals, pharmaceuticals and trade expansion
 "India-Venezuela oil marketing companies to explore energy agreements")
Govt plans flex-fuel sale at 5K pumps by 2027-end: Hardeep Singh Puri
Oil marketing companies will begin selling flex fuel at select outlets in NCR and the Mumbai-Pune-Nagpur corridor before expanding nationwide
 "Govt plans flex-fuel sale at 5K pumps by 2027-end: Hardeep Singh Puri")