Business
OECD Retains India FY26 Growth Outlook At 6.7% Amid US Tariff Risks
NEW DELHI: The Organisation for Economic Co-operation and Development (OECD) in its latest economic outlook on Tuesday retained its growth forecast for the current financial year at 6.7 per cent, citing monetary policy easing and the overhaul of the goods and services tax regime. It further kept FY27 growth...
Asset Monetisation Target May Rise To Rs 11 Lakh Crore
NEW DELHI: The government is likely to raise the public sector asset monetisation target to around Rs 11 lakh crore for FY26–FY30, compared with the earlier estimate of Rs 10 lakh crore, signalling a stronger push for recycling brownfield infrastructure assets over the next five years. According to sources,...
SEBI Board Meet May Centre Around Brokerages Rules
MUMBAI: The Securities and Exchange Board of India (Sebi) board meeting on December 17 – the 212th – will discuss several reforms, majority of them linked to equity brokerages. It will review mutual funds’ rules, create more ease for foreign portfolio investors (FPIs), improve the stock lending and borrowing...
RBI Likely To Slash Interest By 25 Basis Points In Forthcoming MPC Meet
MUMBAI: The RBI may trim the benchmark lending rate by 25 bps in its forthcoming monetary policy meeting, as inflationary pressures are subdued, though some experts believe the central bank is likely to keep the rate unchanged in the backdrop of better-than-expected GDP growth of 8.2 per cent in...
Corporate Loan Growth To Hit Double Digit In FY26: SBI Chief
NEW DELHI: With the pick-up in economic activity, State Bank of India (SBI) is seeing a clear revival in corporate credit demand and expects the segment to hit double-digit growth over the remaining two quarters of the current financial year, the bank’s Chairman C S Setty said. As far...
Private Equity, Venture Capital Investments Hit $5.3 Billion In October, Says EY-IVCA
NEW DELHI: Private equity and venture capital (PE/VC) investments in India touched $5.3 billion across 102 deals in October 2025, marking a 9 per cent rise year-on-year, according to the EY-IVCA monthly roundup. “The number of deals decreased to 102 in October 2025, a 9 per cent year-on-year (112...
Economic Growth May Exceed 7 Per Cent, GDP To Cross $4 Trillion Mark In FY26: CEA
NEW DELHI: Buoyed by more-than-expected 8.2 per cent GDP growth rate in the second quarter, Chief Economic Adviser V Anantha Nageswaran on Friday expressed optimism that India’s economic growth will exceed 7 per cent this fiscal and the size of the GDP will cross the $4 trillion mark. The...
Manufacturing Muscle Lifts Q2 GDP Growth To 6-Quarter High Of 8.2%
NEW DELHI: India’s economy expanded at its fastest pace in six quarters, growing 8.2 per cent during the July-September period of FY26, outstripping both official and private forecasts by a significant margin. Data released by the statistics ministry on Friday showed that while a low base and a soft...
Despite Growth Surprise, Economists Bat For 25 Basis Points Rate Cut Next Week
MUMBAI: Despite the surprising Q2 growth numbers of 8.2% that surpassed the RBI’s estimates, economists are still batting for a 25 bps rate cut next week, saying the economy will lose steam in the second half, necessitating support at a time when the inflation pressure is off the table....
Govt’s Fiscal Deficit Touches 52.6% Of The Budget Estimates Till October, Capex Increases 32%
NEW DELHI: The government’s fiscal deficit for the first seven months of 2025-26 (FY26) widened ₹8.25 trillion to 52.6 per cent of the Budget Estimates (BE) compared to 46.5 per cent in the corresponding period last year as capital expenditure (capex) increased by 32 per cent over last year...
Capex By States To Grow A Modest 4-6 Per Cent In FY26: Crisil
NEW DELHI: State governments are set to increase capital outlay by a modest 4 to 6% in FY26, pushing total spending to ` 7.4–7.5 lakh crore, according to a Crisil Ratings analysis of 18 major states that account for 94% of the country’s state-level capex. This is a sharp...
IMF Projects India’s GDP To Grow 6.6% In Fy26 As GST Reforms Cushion US Tariffs Impact
NEW DELHI: India’s economy is estimated to grow at 6.6% in 2025-26, the International Monetary Fund said, noting that the Goods and Services Tax (GST) reforms are likely to help cushion the country from the adverse impact of the 50% tariffs imposed by the US. “India’s economy has continued...
GST Rate Cuts Gave Economy Momentum: FinMin Report
NEW DELHI/CHENNAI: The GST rate rationalisation gave a “measurable” boost to consumption, and the Indian economy is on a stable footing to navigate risks and maintain growth momentum through the current fiscal, a finance ministry report said on Thursday. The Finance Ministry’s Monthly Economic Review for October said that...
India Urges UAE To Follow Quota System For Gold Exports
NEW DELHI: India briefed the United Arab Emirates (UAE) on the recent changes in the way it allocated quota for imports of gold on concessional duties under the Comprehensive Economic Partnership Agreement (CEPA) to make the process more transparent. Through this briefing at the third meeting of the Joint...
Bank Credit To Improve To 11.5-12.5 Per Cent In FY26, Says CareEdge Ratings
MUMBAI: Indian banks are expected to deliver a stronger performance in FY26 with improved asset quality and credit growth showing signs of revival, according to CareEdge Ratings. The rating agency has projected overall bank credit growth of 11.5–12.5 per cent in FY26, lifted by a rebound in consumption following...
RBI, SEBI Weigh Relaxing Exchange-Traded Forex Derivative Norms To Stem Offshore Shift
MUMBAI: Indian regulators are in discussions to reassess stringent regulations governing exchange-traded currency derivatives, following appeals from exchanges and traders, three sources with direct knowledge of the matter said, in a potential effort to revive a market increasingly shifting offshore. The Reserve Bank of India in 2024 reiterated a...
Cabinet Greenlights ₹7,280 Crore Scheme For Rare Earth Magnet Manufacturing
NEW DELHI: The Union Cabinet, in a meeting chaired by Prime Minister Narendra Modi, on Wednesday approved a ₹7,280 crore scheme to promote manufacturing sintered rare-earth permanent magnets (REPM), marking India’s first attempt to build an integrated domestic supply chain for the critical material. The “Scheme to Promote Manufacturing...
India’s Green Economy May Attract $4.1 Trillion Investments, Create 48 Million Jobs: Study
NEW DELHI: India could attract USD 4.1 trillion in cumulative green investments and create 48 million full-time equivalent (FTE) jobs by 2047, according to an independent study by the Council on Energy, Environment and Water (CEEW). The analysis further projects that India could also unlock a USD 1.1 trillion...
