India's GDP surged 8% in the first half, defying global headwinds, but weak nominal growth and slowing tax revenues raise fresh questions ahead of the MPC's policy review
Real GDP for the quarter stood at ₹48.63 trillion, up from ₹44.94 trillion in Q2 FY25
RBI will pare CPI inflation projection again, but might not change growth estimate for now; dovish undertone likely
An overhaul of the National Industrial Classification framework seeks to include multiple new activities that better capture a changing economy, data from which is expected to help policymaking
Historically, most debt and inflation crises have occurred when governments that could have met their obligations in full instead chose inflation or default
RBI set to lower inflation projection, but GDP growth estimate and policy stance may remain unchanged
Apart from the 25 per cent tariff, Trump on Wednesday threatened to impose a penalty on India for buying Russian oil and defence equipment
Economists warn of a 0.2-0.4% GDP impact as key exports to US-pharma, smartphones, textiles-face higher duties; indirect effects on investment likely
The net tax revenue of ₹5.4 trillion stood at 19 per cent of the BE in Q1FY26 compared to 21.3 per cent in Q1FY25, registering a contraction of 2 per cent year-on-year (Y-o-Y)
The state government is aiming to develop state-of-the-art infrastructure facilities in an environmentally, economically, and socially sustainable manner
Assumptions about US' decline are making China bolder and more overbearing in its approach towards India
The goods and services tax (GST), net of refunds, now yields close to ₹20 trillion to the exchequer - both the Centre's and states'
Short-term debt to total debt ratio dips to 18.3
Among the countries having demographic dividend, India is a noticeable exception that has not harnessed this human resource
Suman K Bery, vice-chairperson of NITI Aayog, told the workshop conventional data should be integrated with alternate sources while ensuring quality
The credit goes to higher GDP in nominal terms than considered by the Budget
"With the Law Committee's approval expected shortly, the GST Council's final decision in its next meeting could mark a turning point for India's intermediary-driven export sectors," said the official
Nominal GDP for FY25 grew at single digit at 9.8 per cent to Rs 330.7 trillion, slightly higher than Rs 324.1 trillion factored in the Budget
Capital expenditure for FY 2024-2025 at Rs 10.5 trillion stood at 103.3 per cent of the revised estimate for the year, CGA data showed
Car-market executives attribute the drop in small-car sales to stagnating incomes across the board, with only 12 per cent of Indian households earning over ₹12 lakh annually