NEW DELHI: India faces rising risks of food inflation despite a USD 18.6 billion fertilizer subsidy for FY2026-27, as global supply disruptions triggered by the ongoing US-Iran conflict threaten input availability ahead of the critical Kharif sowing season, FAO’s (Food and Agriculture Organization) Chief Economist Maximo Torero told ANI...
NEW DELHI: India’s fiscal deficit is likely to breach the government’s target of 4.3 per cent and reach 4.5 per cent of GDP in 2026-27 (FY27), as higher subsidy spending and policy support measures strain public finances, according to a report by BMI, which is a unit of Fitch...
NEW DELHI: India will manage high energy prices without compromising economic growth owing to the country’s increased resilience to high energy costs, industry body Assocham said, citing an analysis which states that India absorbed severe oil shocks while growth remained strong in the past. “Data analysed by the industry...
MUMBAI: The Reserve Bank of India (RBI) has proposed stricter capital requirements for non-bank prepaid payment instrument (PPI) issuers and tightened norms governing low-KYC “small” wallets, as part of a comprehensive overhaul of its wallet framework. In the new draft master direction on PPIs released on Wednesday, the central...
NEW DELHI: India’s unemployment rate is projected to rise marginally to 7.0 per cent in 2026 from 6.9 per cent in 2025, which is the highest among its peers in the Asia-Pacific (APAC) region, according to Moody’s Analytics’ latest Asia-Pacific outlook report. India is followed by China and New...
NEW DELHI: Moody’s Ratings on Tuesday downgraded India’s growth forecast for FY27 to 6 per cent from 6.8 per cent estimated earlier, citing weaker consumption and industrial activity amid elevated energy prices and rising input costs following the Middle East conflict. “In light of India’s economic exposure to the...
NEW DELHI: Despite the West Asia crisis having ripple effects on all sectors of the economy, infrastructure investments are likely to see a 45-50 per cent growth over the next two financial years through March 2028, compared to the preceding two years, Crisil said. This would take the quantum...
NEW DELHI: India’s economic growth forecast for 2026 has been downgraded to 6.4 per cent by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), with the latest report on Tuesday flagging rising external risks to the outlook. India’s gross domestic product (GDP) growth is...
CHENNAI: The life insurance industry reported a three-fold jump in growth, with new business premium (NBP) rising 16% year-on-year to a record ₹4.60 lakh crore in FY26. The growth was primarily driven by the Goods and Services Tax (GST) rate cut from 18% to nil on individual life insurance...
NEW DELHI: The images from Noida—angry workers, halted production lines, a breakdown of order inside what is meant to be one of India’s most modern industrial clusters—should not be dismissed as an aberration. They are a warning signal. Strip away the immediacy of the incident, and what remains is...
MUMBAI: States’ capital expenditure growth is likely to slow down to 8-10 per cent in FY27 from 17 per cent in FY26, a report said on Monday. The moderation will primarily result from tighter fiscal headroom due to rising revenue expenditure commitments and a moderation in revenue growth, Careedge...
MUMBAI: RBI Governor Sanjay Malhotra has said that the real risk from supply shocks lies in their second-round effects, warning that prolonged disruptions can push up inflation expectations and embed price pressures in the broader economy. Speaking at his alma mater Princeton University on Saturday, Malhotra said preventing such...
NEW DELHI: Commerce and industry minister Piyush Goyal on Monday said that India plans to set up a dedicated “Korea enclave” or a large industrial township with plug-and-play infrastructure to attract greater investment from South Korean companies. Speaking at the India Korea Business Forum, Goyal said that the proposed...
NEW DELHI: The first month of the West Asia conflict dented output in India’s eight core sectors by 0.4 per cent, making their March trajectory the worst show in 19 months, and marking a sobering end to financial year 2025-26 (FY26) with cumulative growth in these infrastructure sectors sliding...
NEW DELHI: Mining major Vedanta on Monday said its board has approved May 1, 2026, as the effective date for the demerger of its aluminium, merchant power, oil and gas and iron ore verticals into separate listed entities. In a filing to BSE, the company said that “the board...
Iran said it would open the Strait of Hormuz for the duration of a 10-day ceasefire between Israel and Hezbollah in Lebanon, increasing the prospect of an agreement to end the wider war in West Asia. Further boosting hopes for an end to the war, American President Donald Trump...
NEW DELHI: Tycoon Gautam Adani has overtaken fellow Gujarat business czar Mukesh Ambani to become Asia’s richest person, as a sustained rally in shares of his ports-to-energy conglomerate lifted his net worth. With a net worth of $92.6 billion, Adani surpassed Ambani, whose fortune stands at $90.8 billion, to...
NEW DELHI: Supply-side cost pressures and weak demand took a toll on India’s smartphone shipments, which fell 3 per cent year-on-year in Q1 2026, suffering its weakest quarter in the last six years, according to Counterpoint Research’s Monthly India Smartphone Tracker. On the outlook, Research Director Tarun Pathak said...