Page 100 - Economy
India's road construction likely to slide to 5-year low in FY26: Icra
Icra attributed the decline to lower execution due to extended monsoon periods and a decline in project awarding over the past two years
 "India's road construction likely to slide to 5-year low in FY26: Icra")
India's external debt climbs to $747.2 billion at June-end: RBI report
The external debt to GDP ratio moderated to 18.9% at the end of June 2025 from 19.1% at the end of March 2025
 "India's external debt climbs to $747.2 billion at June-end: RBI report")
After ethanol tender pricing setback, sugar industry hopes for review
An industry body for sugar factories has written to the Centre seeking a revision of the tender, which has left procurement prices unchanged from last year, noting that sugarcane prices have gone up
 "After ethanol tender pricing setback, sugar industry hopes for review")
India's Apr-Aug fiscal deficit widens to ₹5.98 tn, 38.1% of FY26 target
Net tax receipts stood at ₹8.1 trillion, down from ₹8.7 trillion in the same period last year, while non-tax revenue rose to ₹4.4 trillion from ₹3.3 trillion a year ago
 "India's Apr-Aug fiscal deficit widens to ₹5.98 tn, 38.1% of FY26 target")
DGFT extends RoDTEP scheme till March 2026 amid steep US tariffs
The Directorate General of Foreign Trade has extended the RoDTEP scheme till March 2026, ensuring policy continuity for exporters navigating US tariff hikes and global headwinds
 "DGFT extends RoDTEP scheme till March 2026 amid steep US tariffs")
GDP gap between high- and low-income states worrisome: Suman Bery
NITI Aayog Vice-Chairman Suman Bery also pointed out that aggregate employment has increased by 150 million, of which 80 million women entered agricultural work
 "GDP gap between high- and low-income states worrisome: Suman Bery")
India must grow twice as fast to avoid jobs trap, warns Morgan Stanley
The South Asian nation's labour market is facing a dual challenge of unemployment and underemployment, Morgan Stanley economists led by Chetan Ahya wrote in a note
 "India must grow twice as fast to avoid jobs trap, warns Morgan Stanley")
India-EFTA trade pact to take effect on Oct 1 with $100 bn investment plan
The bloc committed an investment of $100 billion -- $50 billion within 10 years after the implementation of the agreement and another $50 billion in the next five years
 "India-EFTA trade pact to take effect on Oct 1 with $100 bn investment plan")
October MPC meeting: When and where to watch the rate decision live
RBI Oct MPC meet 2025: Economists believe that there's room to further revise the inflation forecast, but a rate cut remains unlikely
 "October MPC meeting: When and where to watch the rate decision live")
Indian economy to grow at 6.5% in FY26, US tariffs to weigh on exports: ADB
The reduction in exports will impact India's GDP in both FY26 and FY27 as the tariffs are implemented
 "Indian economy to grow at 6.5% in FY26, US tariffs to weigh on exports: ADB")
RBI rate cut back in play as inflation eases after tariffs: Policy guide
The six-member monetary policy committee, led by Governor Sanjay Malhotra, will need to juggle a number of competing objectives this week
 "RBI rate cut back in play as inflation eases after tariffs: Policy guide")
Rupee hits fresh closing low of 88.76 on outflows, US dollar demand
The rupee closed at 88.76 per dollar, weighed by foreign outflows and corporate demand, even as RBI intervention capped losses; bond yields rose on higher borrowing
 "Rupee hits fresh closing low of 88.76 on outflows, US dollar demand")
Govt's Q&A on GST refund due to inverted duty rates is controversial
Para 4.26(ii) of FTP says that 'merchant exporter shall be required to mention name and address of supporting manufacturer of the export product on the export document viz. Shipping Bill/ Bill of Expo
 "Govt's Q&A on GST refund due to inverted duty rates is controversial")
Moody's keeps India rating at Baa3 with stable outlook, flags fiscal risk
Moody's affirmed India's sovereign rating at Baa3 with a stable outlook, citing growth and external resilience but warning that high debt and weak affordability persist
 "Moody's keeps India rating at Baa3 with stable outlook, flags fiscal risk")
DGTR initiates probe into import of solar cell component from China
The applicant has alleged that the industry is impacted due to the dumped imports of "Solar Encapsulants, excluding EVA Encapsulants" from China
 "DGTR initiates probe into import of solar cell component from China")
India, Bhutan to establish first rail link with ₹4,033 cr outlay over 3 yrs
India and Bhutan will build Rs 4,033 crore rail links from Gelephu and Samtse within three years, connecting to Indian Railways to strengthen trade, cargo and passenger movement
 "India, Bhutan to establish first rail link with ₹4,033 cr outlay over 3 yrs")
October MPC meet begins today: Repo rate, inflation outlook, and more
After slashing repo rates for three consecutive months since February, the MPC kept the rate unchanged at 5.5 per cent in August
 "October MPC meet begins today: Repo rate, inflation outlook, and more")
Uttar Pradesh on an unstoppable growth trajectory, says Piyush Goyal
The minister was speaking at the Uttar Pradesh International Trade Show 2025 at India Expo Mart and Centre in Greater Noida, on Monday
 "Uttar Pradesh on an unstoppable growth trajectory, says Piyush Goyal")
India's vigorous new foreign policy playbook amid Trump tariff shock
The hefty tariffs slapped by Donald Trump have prompted New Delhi to double down on multipolarity, the new buzzword in international relations. This took PM Modi to rarely visited countries by leaders
 "India's vigorous new foreign policy playbook amid Trump tariff shock")
EFTA to come into effect from Oct 1, negotiating FTAs with others: Goyal
The EFTA bloc comprises four nations - Iceland, Switzerland, Norway and Liechtenstein. The deal was signed in March last year but will kick in from Thursday
 "EFTA to come into effect from Oct 1, negotiating FTAs with others: Goyal")