NEW DELHI: India’s economy is expected to maintain growth of above 7 per cent in 2026-27 (FY27), supported by strong domestic consumption and investment, even as global growth could slip below 3 per cent amid geopolitical tensions, industry body the Associated Chambers of Commerce and Industry of India (Assocham)...
NEW DELHI: Elevated global crude oil and natural gas prices amid ongoing developments in West Asia may influence the Government of India’s fiscal position for 2026-27, ratings agency ICRA said in a report today. The recent increase in energy prices, driven by geopolitical factors, has led to volatility in...
NEW DELHI: Commerce and Industry Minister Piyush Goyal on Thursday called for a careful review of the moratorium on Customs duty on ecommerce, citing the lack of a common understanding among World Trade Organization (WTO) member nations on its scope and the potentially significant implications. “In the absence of...
NEW DELHI: India has about 60 days of oil stock cover and has arranged one full month of LPG supply, the government said on Thursday, adding that there is no shortage of petrol, diesel, or LPG, calling reports of shortages as a “deliberate misinformation campaign” aimed at triggering panic...
MUMBAI: The performance of the initial public offering (IPO) market has been one of the talking points in FY26, as 108 firms raised an all-time high amount of 1.75 lakh crore. However, their performance have not been quite spectacular. A total of 71 or 65.5% companies’ share prices are...
NEW DELHI: Countering the Opposition’s criticism, Union Finance Minister Nirmala Sitharaman on Wednesday said reductions in goods and services tax (GST) rates had supported economic activity. She cited a sharp rise in demand for automobiles, along with higher cement output. The GST rate rationalisation, implemented in September 2025, reduced...
MUMBAI: Despite every other economist revising down their growth forecasts for the country by 50-110 bps to a low of 5.9% next fiscal due to the many shocks from the Iran war, the largest rating agency S&P Global has raised its forecast by 20 bps to 7.1%. It cited...
NEW DELHI: To boost air connectivity to remote and underserved parts of India, the Union Cabinet on Wednesday approved the next phase of the regional air connectivity scheme, UDAN (Ude Desh ka Aam Nagrik), with a total outlay of ₹28,840 crore over a 10-year period starting 2026-27. The allocation...
NEW DELHI: India is supportive of initiatives aimed at facilitating and easing investment flows to developing and poor countries, a senior government official said on Wednesday. However, he maintained that the World Trade Organization (WTO), as a trade body, is not the appropriate forum for such matters. The Investment...
MUMBAI: With credit growth at 14.5% outpacing deposit growth at 11.9% as of Feb 28, banks have stepped up reliance on certificates of deposit, with their share rising to 2.6% of total deposits, the highest in a decade, reflecting a widening structural gap between asset creation and liability mobilisation....
NEW DELHI: India’s private sector in March is expected to have grown at its slowest pace in more than three years as market disruptions and energy shocks due to the Iran war dampened domestic demand and pushed up costs, a private survey said on Tuesday. HSBC’s flash India Composite...
MUMBAI: India’s digital media has emerged as the single largest segment of the media and entertainment (M&E) industry in 2025 and crossed the Rs 1 trillion mark for the first time, according to FICCI-EY’s report on India’s M&E sector titled Stories, Scale and Impact. Digital advertising witnessed a 26...
MUMBAI: If the Iran war continues for another month, the rupee, which has lost nearly 9% so far this fiscal including over 4.5% since the war began nearly a month back, may breach another sensitive barrier of 96 to a dollar, State Bank of India economists have warned. However,...
NEW DELHI: If the China-led Investment Facilitation for Development (IFD) agreement is approved at the World Trade Organization, it could enable China and other supporting members to bring investment-related issues formally under the WTO’s purview. Experts warn that, if adopted, the proposal may be incorporated under Annex 4, allowing...
NEW DELHI: Employment grew 6.18 per cent to 12.80 crore in the unincorporated enterprises sector in 2025, adding more than 74.52 lakh new jobs during the period, according to a government survey. The Annual Survey of Unincorporated Sector Enterprises (ASUSE) for 2025, released on Tuesday, showed that the number...
NEW DELHI: India Inc’s capital expenditure (capex) plans show moderation in 2026-27 (FY27), with aggregate intentions falling 16.5 per cent to ₹9.55 trillion from the provisional ₹11.44 trillion estimated for 2025-26 (FY26). This is according to the National Statistics Office’s (NSO’s) second forward-looking survey on private corporate sector capex...
NEW DELHI: India’s recent economic growth has not translated into meaningful job creation, said Jayati Ghosh, professor of economics at University of Massachusetts Amherst. She said that the country’s development pattern has produced an unusual combination of high growth with weak employment generation. “If you are growing at six...
NEW DELHI: The government has proposed to increase the minimum net profit threshold for mandatory corporate social responsibility (CSR) spending by companies to Rs 10 crore. This move aims to ease the burden on companies with nominal profits, allowing them to focus on growth rather than CSR contributions. In...