Page 17 - Indian Economy

Electronics component plan gets ₹1.15 trillion proposals, says govt

The government has received Rs 1.15 trillion worth of investment proposals under the Rs 22,919 crore ECMS from 249 firms, with approvals and production set to begin soon

EM index notches longest monthly winning streak in over two decades

The MSCI EM index rose 7 per cent in September, its ninth monthly gain in a row, driven by China's equities, while India trailed with modest returns and foreign outflows

UP's bottom-up model can show the way to measuring India's true economy

The headline numbers are based on currently available, measurable data and represent the best possible estimates within the existing system

Five states contribute over 40% of GST revenues in April-September FY26

Maharashtra, Karnataka, Gujarat, Tamil Nadu and Haryana contributed over 40 per cent of GST revenues in Apr-Sep FY26, with Maharashtra leading at ₹31,830 crore monthly

RBI eases compliance burden; gives extra time for merchant payments

In another decision, the RBI eased the compliance requirements for small value exporters and importers

RBI unveils 22 measures to boost credit flow, ease home loan burden

Indian banks are now also allowed to fund acquisitions of non-financial entities and to finance land acquisition by special purpose vehicles, quelling a long standing demand of lenders

RBI unveils three measures to boost rupee internationalisation, expand SRVA

RBI announced lending in rupees to neighbours, transparent reference rates, and expanded SRVA use in corporate bonds and commercial papers to advance rupee internationalisation

Indian Railways freight volume rises 4% in September, coal demand steady

Indian Railways' freight volume reached 127.5 MT in September 2025, with overall growth led by fertiliser, iron ore, and steel products, even as coal demand remained subdued

Stable repo rates expected to boost commercial realty developments

Predictable borrowing costs and GST reforms are expected to boost commercial real estate, housing demand and investor sentiment during the festive season across India

India manufacturing PMI eases to 57.7 in Sep, selling prices hit 12-yr high

The September manufacturing PMI reading marked the weakest improvement in sector health since May, though it remained well above the neutral 50 threshold

Govt puts ecommerce players under vigilance over GST pass-through

Tax officers are checking if the GST rate cuts are being passed on to customers by comparing prices before and after September 22

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

Indian economy to grow at 6.5% in FY26, US tariffs to weigh on exports: ADB

Despite a strong 7.8 per cent growth in the first quarter, the Indian economy is expected to grow at 6.5 per cent in the current financial year as the impact of US tariffs on Indian exports will reduce prospects, particularly in the second half, ADB said on Tuesday. It is to be noted that the Asian Development Outlook (ADO) of the Asian Development Bank (ADB), released in April, had projected a higher growth rate of 7 per cent, which was lowered to 6.5 per cent in the July report on concern of a steep 50 per cent US tariffs on shipment from India. While GDP grew strongly in the first quarter (Q1) of FY26 at 7.8 per cent on improved consumption and government spending, additional US tariffs on Indian exports will reduce growth, particularly in the second half of FY26 and in FY27, though resilient domestic demand and service exports will cushion the impact, ADO September 2025 said. The reduction in exports will impact India's GDP in both FY26 and FY27 as the tariffs are implemented. A

Govt to install solar pumps in Jaipur district farms to boost power supply

Chief Minister Bhajan Lal Sharma has pledged to provide electricity to the state's farmers during the day for agricultural work by 2027

India gears up to embrace carbon market plans to counter climate criticism

Emissions targets have been announced till 2027, and a new set of targets and sectors will be finalised in FY27 for the FY28-30 period

India-EFTA agreement set to be launched on October 1 after long wait

India's first European trade deal ensures $100 bn investment, tariff cuts, and potential for 1 million jobs over 15 years

US tariffs on Indian goods pose major growth risks: Crisil Intelligence

High tariffs imposed by the United States on Indian goods pose a major risk to the country's growth, Crisil Intelligence said in its September report. The tariffs will impact both Indian goods exports and investments, the report added. However, domestic consumption, driven by benign inflation and rate cuts, is expected to support growth, it said. The country's GDP rose to a five-quarter high of 7.8 per cent in the first quarter of fiscal 2025-26, up from 7.4 per cent in the similar quarter in the previous year. Nominal GDP growth, however, slowed to 8.8 per cent from 10.8 per cent during the same period, it added. The report said consumer price index (CPI) inflation is likely to soften to 3.5 per cent in the current fiscal from 4.6 per cent in the previous year. Healthy agricultural growth is expected to keep food inflation under check, though the impact of excess rain was yet to be fully assessed. Lower crude prices and benign global commodity prices are expected to contain non

Strong global interest in industrial cities: NICDC chief Rajat Kumar Saini

East Asian and European investors keen to engage with infrastructure programme, says Rajat Kumar Saini

No international sanctions on buying Russian crude, says Hardeep Singh Puri

Petroleum Minister Hardeep Singh Puri said India will keep importing Russian oil as no sanctions ban such purchases, while stressing PSU oil firms are profitable but undervalued

India, Russia look to strengthen balanced bilateral agriculture trade

Russian Deputy Prime Minister Dmitry Patrushev met Agriculture Minister Shivraj Singh Chouhan as both nations discussed trade barriers, fertiliser and oil imports, and wider farm cooperation