Page 6 - Economy & Policy News
Wholesale inflation eases marginally to 9.78% in July as fuel prices cool
Fuel and power inflation slowed sharply in July, offsetting higher inflation in primary articles and manufactured products, while core WPI rose to 8.2 per cent
 "Wholesale inflation eases marginally to 9.78% in July as fuel prices cool")
How Indian economy has transformed since the landmark 1991 reforms
By 2025-26 the primary sector's share had roughly halved to about 18%, the tertiary sector had surged to some 56% and industry sat almost exactly where it began, at around 25%
 "How Indian economy has transformed since the landmark 1991 reforms")
India's forex reserves climb past $700 billion on robust inflows
India's foreign exchange reserves rose to a four-month high of $707 billion as of August 7, bolstered by robust inflows under policy measures to strengthen India's balance of payments
 "India's forex reserves climb past $700 billion on robust inflows")
India's exports to FTA partners surge in Q1, Singapore shipments rise 100%
The data showed that exports to Singapore surged 101.2 per cent to $6.52 billion during April-June 2026, from $3.24 billion in the year-ago period
 "India's exports to FTA partners surge in Q1, Singapore shipments rise 100%")
35 years of liberalisation: From Detroit of Asia to Chennai for the World
Three decades after liberalisation transformed its auto industry, Chennai has built a deep manufacturing and talent ecosystem and is emerging as a global hub for vehicles, components and EVs
 "35 years of liberalisation: From Detroit of Asia to Chennai for the World")
Wholesale inflation eases to 9.78% in July as fuel price rise cools
WPI Food Index inflation rose to 6.65% in July from 6.14% in June, while fuel and power inflation eased to 20.05% from 27.41%
 "Wholesale inflation eases to 9.78% in July as fuel price rise cools")
Venezuelan crude turns costly for India as discounts shrink, freight surges
Delivered cost of Venezuela's Merey grade surges to $95 bbl, while Russian grade has flipped from a discount to a premium over Dated Brent
 "Venezuelan crude turns costly for India as discounts shrink, freight surges")
Foreign firms' investment intensity in India has fallen since FY20: EAC-PM
EAC-PM study finds foreign-owned firms' investment intensity in India has declined since FY20, while domestic business groups have steadily raised investment
 "Foreign firms' investment intensity in India has fallen since FY20: EAC-PM")
Startup tech deployment should move beyond major cities: FM Sitharaman
The finance minister said government support should go beyond funding, with technologies having relevant public applications deployed quickly in districts and public facilities
 "Startup tech deployment should move beyond major cities: FM Sitharaman")
Surge in imports bill pushes trade deficit to 6-month high of $31.98 bn
Goods imports rose to a nine-month high of $76.22 billion in July, while goods exports jumped nearly 20 per cent to $44.24 billion during the month
 "Surge in imports bill pushes trade deficit to 6-month high of $31.98 bn")
India wary as US' Russia tariff Bill advances, keeps eye on trade talks
Official says trade talks with Washington remain 'reassuring'
 "India wary as US' Russia tariff Bill advances, keeps eye on trade talks")
Centre seeks more US LPG to cut reliance on West Asia, aid trade deal
Indian Oil, BPCL, and HPCL are negotiating US term contracts as India seeks to diversify LPG supplies and narrow its trade surplus with Washington
 "Centre seeks more US LPG to cut reliance on West Asia, aid trade deal")
India's exports rise 19.63% to $44.24 bn in July, trade deficit widens
During April-July this fiscal, exports jumped 17.04 per cent to $173.78 billion, and imports climbed 19.27 per cent to $292.38 billion
China extends anti-dumping duties on Indian optical fibre for 5 years
The tax rates will remain unchanged from previous rulings, ranging between 7.4 per cent and 30.6 per cent across different Indian exporters
 "China extends anti-dumping duties on Indian optical fibre for 5 years")
Govt weighing two models to offset UPI costs: FinMin tells Parl panel
Restoring MDR for high-threshold transactions/merchants; or a tiered incentive structure
 "Govt weighing two models to offset UPI costs: FinMin tells Parl panel")
CAG flags ₹401 cr GST lapses in works contracts; revenue dept accepts
The CBIC accepted observations in 903 of the 1,334 cases detected by the auditor, involving Rs 268.36 crore, and has recovered Rs 15.88 crore so far.
 "CAG flags ₹401 cr GST lapses in works contracts; revenue dept accepts")
Evolving West Asia crisis may have fiscal impact in FY27: FinMin to panel
The ministry said its fiscal consolidation path and Rs 1 trillion stabilisation fund provide room to absorb mild shocks, but sustained oil-price increases pose risks
 "Evolving West Asia crisis may have fiscal impact in FY27: FinMin to panel")
India, South Africa-led group to begin trade pact talks in a month
The proposed preferential trade agreement will initially cover goods, with India and the five-member customs union aiming to conclude negotiations within a year
 "India, South Africa-led group to begin trade pact talks in a month")
Brics face constraints in mobilising private capital at scale: Sitharaman
The finance minister said public funds should catalyse private investment, while stable policy frameworks and multilateral institutions must help reduce investment risks
 "Brics face constraints in mobilising private capital at scale: Sitharaman")
NITI's state-led emigration roadmap faces questions over law, execution
Experts back stronger state participation in overseas skilling, worker support. Emigration remains a Central topic, requiring clear legal boundaries, institutional capacity, Centre-state coordination
 "NITI's state-led emigration roadmap faces questions over law, execution")