Economy

West Asia crisis: Govt to meet exporters, shipping firms on Monday

With tensions escalating in West Asia, the government is assessing possible disruptions to shipping routes and logistics as exporters warn of rising costs and wider trade risks

Exim Matters: Rodtep rates cut as remissions rise amid flat export growth

Govt halves Rodtep benefits to rein in rising payouts amid stagnant exports, tighter Budget allocations, while exempting agriculture and pushing exporters to improve compliance with annual returns

Net GST revenue collection up 7.9% at ₹1.61 trillion in February

In absolute numbers, the net GST revenue is the third highest in the last six months after January at ₹1.70 trn and October at ₹1.69 trn

GST mop-up rises 8.1% to ₹1.83 trn in Feb on stronger import revenues

Gross GST collection increased 8.1 per cent to over Rs 1.83 lakh crore in February, led by higher growth in revenues from imports. Gross domestic revenue rose 5.3 per cent to about Rs 1.36 lakh crore, while gross import revenue climbed 17.2 per cent to Rs 47,837 crore. Total refunds were up 10.2 per cent at Rs 22,595 crore. Total net Goods and Services Tax (GST) collection stood at over Rs 1.61 lakh crore, up 7.9 per cent year-on-year. Net cess revenue was Rs 5,063 crore, down from Rs 13,481 crore in February last year.

Modi's visit signals a new phase in India-Israel economic partnership

PM Modi's visit to Israel and ongoing FTA negotiations mark a shift from transactional trade to structured, execution-led economic collaboration between India and Israel

Howard Lutnick meets Piyush Goyal, holds 'highly productive' trade talks

Howard Lutnick held talks with Piyush Goyal in Delhi as tariff uncertainty persists following fresh US duties and renewed trade deal discussions

What shifts beyond the base under India's new GDP series overhaul

A key pillar of the new series is the improved measurement of the household and informal sectors that account for a significant share of output and employment

New GDP series: How revisions in FY2011-12 rewrote high-growth years

Under 2004-05 series, India recorded 3 straight yrs of 9%-plus growth

Apparel exports rise 1.6% in Apr-Jan despite global headwinds: AEPC

India's apparel exports registered a moderate growth of 1.6 per cent during April-January 2025-26 despite global headwinds and supply chain disruptions, AEPC said on Monday. Apparel Export Promotion Council (AEPC) Chairman A Sakthivel said exports to several key markets have shown encouraging growth, including Italy (16 per cent), the UK (4.8 per cent), UAE (10.6 per cent), Saudi Arabia (18.5 per cent), Germany (8.7 per cent), and Spain (7.1 per cent). Strong performance has also been recorded in Japan, Iceland, and Australia. "Despite global headwinds, geopolitical uncertainties, and ongoing supply chain disruptions, the sector registered a moderate export growth of 1.6 per cent during AprilJanuary 2025-26 compared to the corresponding period of the previous financial year," he said. The council on Monday celebrated its 48th foundation day. Over the years, the council has consistently taken up industry concerns with the government and relevant stakeholders to promote, protect, an

India's wholesale inflation climbs to 10-month high of 1.8 % in January

Wholesale inflation rose to a 10-month high of 1.81% in January, driven by higher food and core prices, with vegetable inflation turning positive and manufactured goods showing renewed price pressures

Japan's economy barely grows as exports drag; 2025 expansion just 1.1%

Japan's economy expanded at an anemic 0.2% annual pace in the last quarter, the government reported Monday, with growth for all of 2025 at just 1.1%. Private consumption rose at a 0.4% annualized pace in October-December, but that was offset by a 1.1% drop in exports, the latest seasonally adjusted preliminary data show. Japan's export-reliant economy has been shaken by President Donald Trump's tariffs, but has been growing at a lackluster pace for years. Prime Minister Sanae Takaichi is expected to roll out policies to help revive the economy after a landslide victory in a general election earlier this month. Takaichi has promised to spend more and to suspend Japan's sales tax on food, among other measures. Japan's GDP contracted 0.7% in July-September, quarter-to-quarter, after growing 0.5% in April-June. Since the economy returned to growth in the latest quarter, the country narrowly avoided a technical recession, which is two straight quarters of contraction. On a quarterly ba

New CPI series will have less instability structurally, says Pronab Sen

Former chief statistician says the revised cpi was overdue, supports excluding free pds items and sees little immediate impact on rbi policy decisions

New CPI series pegs India's retail inflation at 2.75% in January

Officials stressed that the December number under the old series and the January print are not comparable

How India can reframe global economic cooperation in a multipolar world

India seeks to convene, align and anchor a shifting global order by building platforms where governments, capital and enterprise forge the partnerships shaping future prosperity

Net direct tax collections up 9.4 % to ₹19.43 trillion till February 10

Net direct tax collections grow 9.4% to Rs 19.43 trillion till February 10 in FY26, aided by moderation in refunds, CBDT provisional data shows

External factors won't affect India-China trade: Consul General Qin Jie

Qin Jie, Consul General of the People's Republic of China in Mumbai, said on Saturday that India-China trade will not be affected by external factors, as both countries are very big economies that support multilateralism and multilateral trade. The Chinese Consul General was speaking to PTI on the sidelines of the International Business Conclave at Advantage Vidarbha 2026 in Nagpur. When asked how he sees the contours of trade between the two neighbours against the backdrop of the agreements India is signing, he said it is unlikely that it will be influenced much by outside factors. "Because India is a very big economy and China is also a very large economy. We are countries that both support multilateralism and multilateral trade and multicultural exchange," he said. To a question about his views on the deals that India has struck with the US and the European Union (EU), Qin Jie said, "India is free to decide its relations with the EU or other parts of the world But for India and

Outcome Budget data raises questions on returns from government capex

The Outcome Budget or OOMF is meant to link government spending to measurable results, but near-identical targets across years highlight gaps in assessing returns on public investment

Scrapping revenue deficit grants may strain fragile states: Economists

Economists warn that removal of revenue deficit grants could hurt fiscally weak and hill states, forcing them to seek alternative support from the Centre

India-US trade deal a big decision that will benefit all, says PM Modi

Chief ministers welcome the India-US trade deal, with PM Modi calling it a big decision, while TDP MPs seek clarity on withdrawal of punitive duties

Business Standard poll: Status quo on repo rate likely in RBI review

Some economists said that a pause is warranted at this juncture to assess the upcoming CPI and GDP data, which will be released in mid to late February 2026 using new base years