INDIAN ECONOMY
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India's economy is likely to grow 7.3 percent in the second quarter of FY27, according to the Finance Ministry's nowcasting model, even as the government cautioned that growth momentum has moderated and rising geopolitical, trade and financial risks could weigh on the outlook.
"Growth momentum has extended...
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Chief Economic Advisor V Anantha Nageswaran on Wednesday said the second half of the current fiscal is going to be challenging because downside risks to global growth have increased and interest rates are rising across the world.
He also said the 7.8 per cent GDP growth in the April-June quarter is based o...
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India's manufacturing sector expanded sharply in September, ending a three-month slowdown as robust demand drove the fastest growth in factory activity in seven months, revived hiring and lifted business confidence, a private survey showed on Thursday.
* The HSBC India Manufacturing Purchasing Managers' In...
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India faces a stiff challenge to attract capital flows as the global investment landscape is being reshaped by the artificial intelligence boom, renewed manufacturing ambitions in developed economies and the increasing weaponisation of global supply chains, according to the India Monthly Economic Review repor...
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India needs to encourage households to commit a larger share of their savings to long-term pension products as pension and insurance assets remain a relatively small part of household savings, Chief Economic Adviser V Anantha Nageswaran said, calling for simpler pension products, wider access and stronger ret...
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The Odisha government approved 19 industrial investment proposals worth Rs 3,280.58 crore, expecting the projects to generate employment for 10,661 people, officials said. The State Level Single Window Clearance Authority (SLSWCA) cleared the approvals at its 150th meeting, chaired by Chief Secretary Anu Garg...
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The pace of employment and wage growth in India’s organised manufacturing sector recovered in the financial year 2024-25, while the rise in invested capital hit an 8-year high, according to the results of the Annual Survey of Industries released by the Ministry of Statistics and Programme Implementation on We...
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The government on Wednesday approved the Bilateral Investment Promotion and Protection Agreement (BIPA) with Saudi Arabia, offering investors a shorter two-year timeline to exhaust domestic remedies before initiating international arbitration, sources told FE.
This is the first such provision among a handf...
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The government on Wednesday announced annual hikes ranging from 1–10% in the minimum support prices (MSP) for winter-sown crops for the 2027-28 marketing season (April-June).
The MSP for wheat, the key rabi cereal, has been raised by barely 1% while the remunerative price for safflower has been hiked the m...
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The southwest monsoon season (June-September) officially ended on Wednesday after delivering one of the weakest rainfalls in over a decade. The country received 759 millimetres (MM) of rainfall against the benchmark—the long period average of 868 mm based on average precipitation during the 1971-2020 period, ...
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The government has extended Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for another three months till December 31, 2026 as it seeks to provide greater certainty to exporters amid continuing pressure to improve India’s cost competitive-ness in global markets and deal with disruptions in ...
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MARKET & FINANCE
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RBI held its policy rate steady at 5.25% in August, arguing correctly that it needed greater clarity before acting. That clarity has been provided by subsequent data. With retail inflation well above the 4% target and on a rising trajectory, and with commodity price shocks beginning to filter more broadly thr...
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Just months ago, India’s central bank pulled out all the stops to draw in dollars to bolster its foreign-exchange reserves and defend the rupee. The stronger-than-expected deluge of cash is now adding to the case for a more hawkish monetary policy stance.
The record $133 billion inflow from the Indian dias...
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Global emerging market portfolios, which have been underweight on India, could increase allocations to the country as rising volatility around artificial intelligence (AI) stocks prompts investors to diversify, according to Wing Chan, head of manager research – Europe and Asia Pacific at Morningstar.
Chan ...
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Foreign portfolio investors (FPIs) stepped up their exit from Indian government bonds in September as surging US Treasury yields and geopolitical uncertainty eroded the relative appeal of domestic debt.
FPIs sold a net Rs 10,602 crore of government securities under the fully accessible route (FAR) during S...
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GLOBAL CORPORATE
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US Trade Representative Jamieson Greer on Wednesday called for G20 major economies to refrain from coercive actions on food trade, tackle industrial overcapacity and re-examine the prevailing post-World War Two tariff system.
In opening remarks to a Group of 20 meeting of trade ministers, Greer laid out th...
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Huawei Technologies unveiled its Mate 90 smartphone series on Thursday, betting on its in-house operating system and redesigned chip architecture to boost its performance in the face of US curbs on shipments of advanced semiconductors.
Speaking to reporters on Tuesday ahead of the launch, Huawei consumer ...
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US Trade Representative Jamieson Greer said on Wednesday that a new framework for countries to take coordinated action to combat excess steel production capacity will be released at a Group of 20 trade ministers meeting this week.
Greer told reporters after a meeting of the Global Forum on Steel Excess Cap...
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Brazil and the US will establish a working group to discuss issues related to a potential agreement on trade, the Brazilian government said in a statement on Wednesday, after a meeting between officials from both countries.
According to the statement, the US will submit a proposal in the coming weeks setti...
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Banking
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Indian households are borrowing less for discretionary spending and more against assets. RBI sectoral credit data for August 2026 shows that credit card dues and consumer durable loans barely moved, while loans against gold grew at a blistering pace, according to a Times of India report.
Credit card outsta...
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India’s growing appetite for artificial intelligence is creating a fresh lending opportunity for banks, with Axis Bank planning to double its exposure to data centres over the next three years as companies race to build computing capacity, Bloomberg reported.
The country’s third-largest private-sector lend...
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Muthoot Microfin has raised its FY27 assets under management (AUM) growth guidance to 20%, from 12-15% at the beginning of the year. Chief Executive Sadaf Sayeed tells Narayanan V that the upward revision is driven by strong disbursements, lower borrowing costs and improving credit quality in the microfinance...
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GLOBAL ECONOMY
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South Korea's exports jumped 83.5% in September from a year earlier to post a record monthly high, customs data showed on Thursday. Semiconductor shipments, fuelled by global spending on artificial intelligence, also set a record....
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Japan's manufacturing sector expanded at its weakest pace in six months in September as output and new order growth slowed, a business survey showed on Thursday.
• The S&P Global Japan Manufacturing Purchasing Managers' Index (...
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South Korea's factory activity grew in September at the strongest pace in four months, as export demand hit the fastest pace in 15-1/2 years led by the chip and auto sectors, a survey showed on Thursday.
• The purchasing manage...
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Factory activity across Asia expanded in September thanks to the global AI boom, private surveys showed on Thursday, offering some relief to policymakers who are concerned about nagging cost pressures attributable to the US-Israel...
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Russia's manufacturing sector contracted slightly in September as weak demand drove further declines in output and new orders, a business survey showed on Thursday.
• The seasonally adjusted S&P Global Russia Manufacturing Purc...
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Spain's manufacturing sector resumed growth in September as output rose for the first time in four months despite sluggish demand and higher prices, while business confidence improved on expectations of stronger demand, a business...
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A Federal Reserve rate hike next month looked less likely Wednesday after fresh government data showed inflation rose less than expected in August, easing pressure on the US central bank to act on the eve of hotly contested nation...
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The 10-year US Treasury yield rose to its highest level in more than two decades on September 30 after new data showed that the US economy grew faster than expected in the second quarter.
The yield, which is closely monitored ...
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INDIAN CORPORATE
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Adani Ports and Special Economic Zone's (APSEZ) Colombo West International Terminal (CWIT) has doubled its capacity to 3.2 million TEUs with a total investment of USD 750 million, after its Phase II expansion was inaugurated in Co...
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GST
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The Indian government collected Rs 2,03,521 crore as Gross goods and services tax (GST) for the month of September, up 14.7% % against the same month last year, according to official data released on Thursday.
The cumulative gross collection for the first half of this fiscal (April-Sep), stood at Rs 12,46,...
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