Page 3 - Economy

Manufacturing PMI slips to 52.8 in August, weakest expansion in five years

India's manufacturing sector expanded at its weakest pace in five years in August as output and new orders slowed, while employment fell for the first time in two-and-a-half years

ATF price up 5.46%, commercial LPG rates of 19 kg cylinder hiked by ₹9.50

Jet fuel prices rose by ₹6.28 per litre to ₹121.28, while commercial LPG increased to ₹2,747.50 per 19-kg cylinder, raising costs for airlines and businesses

ITR filing for AY27 touches record 78 million till August 31: I-T dept

More than 78 million income tax returns were filed for AY 2026-27 by August 31, including over 59 million ITR-1 and ITR-2 returns filed by July 31

Mahanagar Gas hikes CNG rates by ₹2 per kg, domestic PNG by ₹1/SCM

Mahanagar Gas raised CNG prices to ₹88 per kg in Mumbai and PNG rates by ₹1 per SCM, citing higher input gas costs linked to international indices

Economic activity stable, but El Niño clouds food inflation: FinMin

Finance ministry says domestic demand remains resilient, but an intensifying El Nino and weather-related risks warrant caution on food inflation and agricultural output

PM Narendra Modi talks Strait of Hormuz, seafarer safety at SCO meet

PM calls for an end to the Russia-Ukraine conflict and freedom of navigation in the Strait of Hormuz as SCO leaders discuss stronger regional trade and connectivity

Centre spends 37% of capital expenditure target in four months

Capital spending rose 30 per cent year-on-year to Rs 4.51 trillion in April-July, while the fiscal deficit fell nearly 3 per cent to Rs 4.55 trillion

India's GDP grows 7.8% in Q1FY27 despite disruptions from West Asia crisis

Investment, consumption spearhead strong uptick despite West Asia crisis effects

Bhupendra Patel invites global, domestic investors to participate in VGGS

Gujarat highlights opportunities in semiconductors, green energy, data centres and manufacturing as it gears up for the 11th Vibrant Gujarat Global Summit in January 2027

India's floating solar plan: Strategic clean-energy move or risky bet?

India's PM-SSY targets 5 GW of floating solar capacity with two-hour storage and Rs 28,500 crore of investment, but high costs, viability concerns and technical risks could impede scale-up.

Investment demand drives growth in Q1FY27, consumption loses momentum

Gross fixed capital formation growth accelerated to 11.9 per cent in Q1FY27, while private consumption growth slowed to 7.1 per cent from 7.5 per cent in Q4FY26

Datanomics: Subsidies weigh on GDP growth despite strong GVA expansion

India's GDP grew 7.8% in Q1FY27, below 8.2% GVA growth as subsidies restrained net indirect tax growth, widening the gap between the two measures

Reaping benefits of reforms in very uncertain global environment: CEA

CEA V Anantha Nageswaran says strong manufacturing, services and exports underscore India's economic resilience despite global uncertainty and energy risks

Investments by PE/VC funds jump to $4.1 billion in July: Report

Private equity and venture capital funds' investments in India increased 3 per cent year-on-year to USD 4.1 billion in July, as per a report released on Monday.

Centre's FY27 fiscal deficit touches 26.8% of full year target at end July

In absolute terms, the fiscal deficit, or gap between the government's expenditure and revenue, was Rs 4,55,144 crore in the April-July period of the 2026-27 fiscal year

Reforms, agile economic management bearing fruit: FM on 7.8% Q1 GDP growth

Nirmala Sitharaman said the reforms undertaken by the NDA government, together with an agile management of the economy, are bearing results, with real GDP growth coming in at 7.8% in April-June

India bloomed, doomsayers doomed: PM Modi on 7.8% GDP growth in Q1

The prime minister said that India's exemplary GDP growth during Q1 of FY 2026-27 is a "herculean feat"

From BoP crisis to record reserves, RBI's forex strategy pays dividends

That swing has been made possible by a shift in forex management policy that was forged in the fire of the balance-of-payments crisis of 1991

NIIF raises ₹19,000 crore in first close of second infrastructure fund

The first close, anchored by the Government of India and backed by global and domestic institutional investors, surpasses 60 per cent of the fund's target size

Why India may revive 'Most-Favoured-Nation' rule in bilateral treaties

India dropped the MFN clause from its 2016 Model BIT after an investment dispute raised concerns over its broad use. Now, a limited MFN rule is reportedly under consideration