Economy

Rural economy became more resilient in past 15 years: Poonam Gupta

RBI Deputy Governor Poonam Gupta says higher irrigation coverage, allied activities, mechanisation and better crop varieties have made the rural economy and agriculture more resilient.

Finance Ministry calls for swift policy response to global realities

In reform push, seeks reinvented approach to actions

IFSCA working with govt to ease tax hurdles for GIFT outbound funds

Outbound investments from GIFT IFSC remain constrained due to tax-related issues, and the International Financial Services Centres Authority (IFSCA) is working with the government on the matter, a senior official said on Wednesday. "We are already working with the government on the outbound tax. That is, of course, the request of the funds. That is something which we are working on," Pradeep Ramakrishnan, executive director at IFSCA, said during a panel discussion at an Artha Bharat Investment Managers IFSC LLP event. Ramakrishnan's remarks come amid industry demands for a more competitive tax framework to encourage outbound investment structures from GIFT City. Further, Sachin Sawrikar, managing partner at Artha Bharat Investment Managers IFSC LLP, in an interview to PTI, said outbound investments remain relatively small and continue to face multiple constraints, including taxation and the tax collected at source (TCS) framework. Sawrikar said while the IFSC regulator has made ...

Cybersecurity GCCs nearly double in India as global threats intensify

The number of cybersecurity GCCs in India has risen to 59 from about 30 in six years as global firms tap local talent for engineering, threat intelligence and security operations

Net FDI decline due to increased repatriation by foreign investors: Govt

Net foreign direct investment (FDI) declined in recent years, from USD 27.99 billion in FY23 to USD 6.95 billion in FY26, due to increased repatriation by foreign investors and rising Overseas Direct Investment (ODI) outflows, Parliament was informed on Tuesday. Net FDI moderated to USD 10.13 billion in FY24 and further to USD 960 million in FY25, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Rajya Sabha quoting RBI data. In gross terms, he said, India registered a record FDI inflow of USD 94.84 billion in FY26 as compared to USD 80.61 billion in FY25. "The decline in net FDI in recent years recovered to USD 6.95 billion in FY26 from USD 0.96 billion in FY25. The recent trend in net FDI inflows is associated with increased repatriation/disinvestment by foreign investors and rising Overseas Direct Investment (ODI) outflows," he said. The ODI outflow on account of liberalized ODI rules notified in 2022 is helping Indian entities enhance their business

Macro fundamentals of Indian economy remain strong amid global challenges

Macroeconomic fundamentals of the Indian economy remain strong, supported by robust domestic demand, healthy corporate balance sheets and sustained fiscal discipline amid global challenges, Union Minister Pankaj Chaudhary told Parliament on Tuesday. Further, according to the RBI's Financial Stability Report (June 2026), the domestic financial system remains resilient, underpinned by strong bank and non-bank balance sheets, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Rajya Sabha. "As a major player in global markets, India's economy is also linked with international trends, which impact its exchange rate movements. Since the start of the West Asia conflict, the Indian Rupee (INR) has depreciated against the US Dollar (USD) by 5.8 per cent in FY27 (from February 27 up to July 22, 2026)," he said. At present, the macroeconomic fundamentals of the Indian economy remain strong, he said, adding real GDP has consistently grown at over 7 per cent during the

Govt considering proposal to ease FDI norms for downstream investments

The government is considering a proposal to ease foreign direct investment (FDI) norms for downstream investments to boost overseas fund inflows and create jobs, sources said. The proposal is currently under inter-ministerial discussions, they said. The government has in recent years undertaken a series of reforms aimed at liberalising the country's FDI policies with the goal of stimulating economic growth and encouraging foreign capital inflows. To promote FDI, the government has put in place an investor-friendly policy, with most sectors open to 100 per cent overseas investments under the automatic route except for a few strategically important sectors. More than 90 per cent of FDI inflows are received under the automatic route. One of the sources said that to ensure that India remains an attractive and investor-friendly destination, the government reviews the FDI policy on a continuous basis and makes changes from time to time after holding extensive consultations with ...

Starting anew: Despite Delhi connections, Bengal govt has its task cut out

There is no doubt that West Bengal's economy performed way below potential, and Mamata Banerjee's 15 years in power compounded the damage

Pakistan's FDI falls to lowest since 2023 amid tax policy concerns

Pakistan's foreign direct investment fell 34 per cent year-on-year to its lowest level since 2023, as businesses cited unpredictable tax policies and several multinational firms exited the market

RBI sees resilient economy despite West Asia conflict, monsoon concerns

Reserve Bank of India said the economy remains resilient, supported by healthy demand and strong industrial and services activity, while warning that the Iran war and a deficient monsoon pose risks

India's ambition of becoming developed economy demands policy certainty

India needs predictable tax, trade and regulatory policies to attract foreign capital, boost investment and achieve its Viksit Bharat growth ambitions

RBI attracts $20.7 billion through forex steps to bolster capital inflows

The scale of ‌inflows is in particular focus for ​the rupee, which is facing renewed pressure ‌from a sharp rise in oil prices amid renewed hostilities in the Middle ‌East

Lagging on FCNR (B) deposit collections, banks pin hopes on Sept-end rush

Banks expect FCNR-B deposit mobilisation to accelerate before the RBI's September 30 deadline, even as early collections by several public lenders trail their stated targets

West Asia war a blow to Kerala's remittance-backed economy: CM Satheesan

Satheesan speaks about the impact of the West Asia war, a proposed high-speed rail project in the state and the Adani group's stake sale plan in the Vizhinjam port project

IEA chief warns prolonged Hormuz disruption could hit global economy

IEA chief Fatih Birol says markets are gripped by uncertainty as attacks in and around the Strait of Hormuz threaten oil, gas and fertiliser shipments

The 'Indian Common Market': Rethinking growth beyond one India

India's next phase of consumption growth will be driven by treating large state economies as distinct markets, each requiring its own products, distribution strategy and consumer insight

India tops major economies in intangible investment growth: WIPO report

From software and databases to research and organisational know-how, India's investment in intangible assets is growing faster than that of any other major economy, says the report

Telangana on course for $1 trillion economy by 2034: CM A Revanth Reddy

CM A Revanth Reddy says Telangana is on track for a $1 trillion economy by 2034, backed by major infrastructure projects, investment, skilling and fiscal discipline

Rising debt, AI boom and financial fragilities raise global risks: BIS

Bank for International Settlements said rising public debt, financial vulnerabilities and uncertainties surrounding the AI boom are increasing risks to the global economy, despite resilient growth

The long-term ROI of an MBA

In this session of Gurugyaan, we hear from Nitish Jain, President of S P Jain School of Global Management.