Business
New GDP Series To Reflect Contemporary Consumption Patterns: Economists
NEW DELHI: India prepares to release a revamped gross domestic product (GDP) series with 2022-23 as the new base year on Friday. This marks the eighth major revision in the history of the country’s National Income Accounts. Economists anticipate the 2022-23 series could revise FY26 growth higher, potentially accelerating...
India’s Third-Quarter GDP For Fy26 Likely At 8.3% Despite Adverse Base Effect: UBI Report
The country’s Gross Domestic Product (GDP) growth for the third quarter of the current financial year (Q3 FY26) is likely to remain elevated at 8.3 per cent despite an adverse base effect, according to a report by Union Bank of India. The report noted that Q3 FY26 GDP growth...
Govt Mandates Sale Of Petrol With Up To 20% Ethanol Blending From April 1
NEW DELHI: The government has mandated the sale of petrol blended with up to 20 per cent ethanol and a minimum Research Octane Number (RON) of 95 from April 1, according to a notification issued by the Ministry of Petroleum and Natural Gas (MoPNG). The decision comes against the...
India Needs To Prioritise Building Own Foundational AI Models: Experts
NEW DELHI: India will need to prioritise building its own foundational artificial intelligence (AI) models and strengthen data sovereignty safeguards to reduce dependence on foreign technologies, experts said. During a panel discussion at the Business Standard Manthan Summit moderated by Aashish Aryan on Wednesday, Sandeep Shukla, director of the...
R&D-Linked Incentives To Drive India’s High-End Manufacturing Push
NEW DELHI: Research and development (R&D)-linked incentives remain a crucial gap in India’s push towards high-end manufacturing, Kollareddy Ramachandra, chief executive officer (CEO) of Midwest, said on Wednesday at Business Standard annual event Manthan 2026 here. The impetus for R&D in high-end manufacturing must primarily come from the central...
Government Infra Projects See Cost Overrun Of Rs 5.52 Lakh Crore In January
NEW DELHI: Several infrastructure projects worth above Rs 150 crore each registered a cumulative cost overrun of Rs 5.52 lakh crore, according to a monthly government report for January 2026. The latest ‘Flash Report on Central Sector Infrastructure Projects’ showed that the revised cost of all 1,702 projects, each...
India A Well-Governed Destination For Long-Term Capital: SEBI Chief
MUMBAI: Securities and Exchange Board of India (Sebi) Chairman Tuhin Kanta Pandey on Wednesday said India is positioning its capital markets as a stable and credible destination for long-term institutional capital, even as global investors navigate a more volatile and geopolitically fragmented environment. Addressing institutional investors at the Kotak...
New GDP Series To Have Greater Reliance On GST Data
NEW DELHI: In the new gross domestic product (GDP) series with 2022-23 as the base year, the Ministry of Statistics and Programme Implementation (MoSPI) will enhance the use of goods and services tax (GST) data to improve the accuracy of national and state-level economic estimates. While the previous 2011-12...
Inflation To Stay Benign As Growth Momentum Strengthens: RBI Dy Governor
MUMBAI: India’s retail inflation, which has stayed below the Reserve Bank of India’s (RBI’s) 4 per cent target in recent times, is likely to remain benign in the coming months, RBI Deputy Governor Poonam Gupta said in a speech on Friday, which was uploaded on the central bank’s website...
Uniform 15% Tariff Would Benefit Some Asia-Pacific Economies: Moody’s Analytics
NEW DELHI: A uniform 15 per cent tariff, announced by US President Donald Trump, would benefit some Asia-Pacific economies that have faced much steeper country-specific levies, including China and much of Southeast Asia, Moody’s Analytics said on Tuesday. But it will have a small impact on countries such as...
India Must Lift Labour Productivity To Reach Viksit Bharat Goal: NITI Aayog Vice Chairman
NEW DELHI: India needs to significantly improve its labour productivity to raise its per capita income to around $18,000 to achieve the goal of Viksit Bharat by 2047, NITI Aayog Vice Chairman Suman Bery said at the Business Standard Manthan Summit on Tuesday. In a fireside chat with A...
Credit Card Spends Dip Slightly In January; Issuances Rise To 116.6 Million
MUMBAI: Credit card spending in January stood at Rs 2 trillion, moderating from Rs 2.05 trillion in the previous month when there were several festivals. Spending increased more than 8 per cent year-on-year (Y-o-Y). The number of outstanding credit cards increased to 116.65 million in January from 115.78 million...
India FY26 Tech Revenues Grow 6.1 Per Cent, Says Nasscom
NEW DELHI: Despite geopolitics-inducing volatilities and changes in the landscape due to artificial intelligence platforms, the Indian tech sector is set to notch up a 6.1 per cent revenue growth in FY26 to $315 billion, Nasscom said on Tuesday.The industry’s lobby grouping said it was able to add jobs...
Banks Should Concentrate On Core Biz, Stop Mis-Selling: FM
NEW DELHI: Finance Minister Nirmala Sitharaman on Monday came down heavily on banks for mis-selling of financial products, including insurance and urged them to focus on core business. “Banks should concentrate on their core business… My pet peeve has always been …. you’re spending more time on selling insurance...
Centre Launches National Monetisation Pipeline 2.0 With Rs 10 Lakh Crore Target For FY26-30
NEW DELHI: The Centre on Monday launched the second phase of the National Monetisation Pipeline (NMP 2.0), setting a Rs 10 lakh crore asset monetisation target for the five-year period from FY2025–26 to FY2029–30, as announced in the Union Budget 2025–26. For FY2025–26, the government expects monetisation of around...
SEBI Proposes Complete Overhaul Of PMS Regulations
MUMBAI: The Securities and Exchange Board is comprehensively reviewing the portfolio managers (PMS) regulations by strengthening investor protection and governance on one hand and simplifying business processes for portfolio managers on the other so that the regulations remain relevant for evolving market dynamics. Chairman Tuhin Kanta Pandey said Monday...
Economic Growth Likely To Have Eased To 7.2 Per Cent In Q3: Report
MUMBAI: Economic growth has likely eased to 7.2% in Q3 from 8.2% in Q2 of FY26 due to a likely lower expansion in services at 7.8%, down from 9.2% in Q2, agriculture at 3% as against 3.5% in Q2 and a few other sectors, according to an analysis by...
Telecom Tariffs To See 13-15 Per Cent Rise In FY27: HSBC
MUMBAI: Average revenue per user (Arpu) for Indian telcos could see a 13-15% lift in FY27, buoyed by headline tariffs later in the year, analysts said in a recent report by HSBC. However, they added, while Vodafone Idea’s recent AGR relief improves its financial runway without materially altering competitive...
