INDIAN ECONOMY
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Following India’s impressive 8.2 percent GDP growth in the recent fiscal period, the Ministry of Statistics and Programme Implementation (MoSPI) has announced that the third-quarter (Q3) GDP for 2025–26 will be released using the new base year of 2022–23. Subhash Garg, Secretary at MoSPI, said on November 28,...
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India’s GDP for Q2 FY2025-26 brought in another massive upside surprise, growing at 8.2% year-on-year. We now expect the full-year growth to be revised substantially upward, as the third-quarter numbers are likely to remain strong due to spending during festivities, buoyed by the rollout of GST 2.0 and slowin...
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Ambassador Antonio Bartoli: The Joint Strategic Action Plan is a testimony to our two Prime Ministers’ ambition to translate the strategic partnership between Italy and India into mutually beneficial initiatives and concrete results. So, our leaders identified ten priority areas for closer bilateral cooperati...
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India and Canada will resume discussions on a Comprehensive Economic Partnership Agreement (CEPA) next week, Commerce and Industry Minister Piyush Goyal said on Friday, marking a significant thaw in bilateral ties following two years of diplomatic strain.
Speaking at FICCI’s 98th Annual General Meeting, Go...
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India is deepening its global trade outreach and is currently negotiating free trade agreements (FTAs) with a wide range of partners, including the US and the European Union, Commerce and Industry Minister Piyush Goyal said on Friday.
Speaking at the Ficci annual general meeting, Goyal said India is workin...
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India’s full-year growth is set to reach 7% "or more than that,” Chief Economic Advisor V. Anantha Nageswaran said on Friday, as fresh GDP data showed the economy expanding at 8.2% in the September quarter.
Soon after the latest GDP numbers were released, the CEA said long-term trends reflected stable grow...
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Delhi recorded a lower inflation rate than other major metro cities and the national average last year, driven largely by a sharp decline in the fuel and light category, reported PTI, citing a government report.
The assessment, prepared by the Directorate of Economics and Statistics of the Delhi government...
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For years, food consumed the largest share of household spending in India, crowding out expenses beyond necessities. But a fresh analysis of the Household Consumption Expenditure Survey 2011-12 and 2023-24 by the Economic Advisory Council to the Prime Minister (EAC-PM) indicates that Indian families are now d...
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India’s fiscal deficit stood at Rs 8.25 lakh crore, $92.26 billion in the April to October period. The fiscal deficit was at 52.6 per cent of the estimates for the financial year 2025-26.
As per the government data, the net tax receipts declined to Rs 12.74 lakh crore during April-October, from Rs 13.05 l...
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India’s GDP recorded a six-quarter high growth of 8.2% in Q2 (July–September), as factories churned out more products in anticipation of a consumption boost from the GST rate cut. Here are the 5 key takeaways from the government release.
The GDP growth in the second quarter was higher than 7.8% in Q1 (Apri...
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India’s real GDP grew 8.2% year-on-year in Q2 FY26 as against 5.6% growth recorded in the Q2FY25. Nominal GDP grew 8.7% during the period.
Manufacturing remained a key contributor, rising 9.1% in Q2. Construction followed with a solid 7.2% growth....
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MARKET & FINANCE
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Chief Economic Advisor V Anantha Nageswaran on Friday flagged the concentration of large and well-rated companies in the bond market for raising funds, and said there is a need to enable mid-sized firms to access markets "systematically and affordably".
There is also a need to increase liquidity in the mar...
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India’s forex reserves declined USD 4.472 billion to USD 688.104 billion during the week ended November 21 due to a steep decrease in the value of gold reserves, the RBI said on Friday.
Forex reserves decline by $1.69 billion
The overall reserves had increased by USD 5.543 billion to USD 692.576 billion i...
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GLOBAL CORPORATE
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The EU executive will unveil next week measures to cut the bloc's over-reliance on China for critical raw materials as Europe seeks to keep up with fierce global competition from the U.S. and Asia.
Despite years of warning signs that the old model of rules-based trade was coming to an end, accelerated by U...
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Oil prices are projected to remain under pressure in 2026, as swelling supplies eclipse modest demand growth, while geopolitical risks could cap deeper losses, a Reuters poll showed on Friday.
The survey of 35 economists and analysts forecast that Brent crude would average $62.23 per barrel in 2026, down f...
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RBI
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The Reserve Bank of India (RBI) on Friday completed the exercise of consolidating 9,445 circulars into 244 function-wise master directives covering 11 categories of regulated entities.
This move is expected to enhance clarity, improve accessibility, and reduce the compliance burden for regulated entities, ...
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Banking
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About 11 million low-income borrowers have exited India’s formal credit system as microfinance lenders, beset with asset-quality challenges, progressively slowed lending to customers at the base of the economic pyramid, data from Crif High Mark showed.
The number of unique microfinance borrowers stood at 7...
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Banks' on-year credit growth at the end of November 14 rose to 11.4% while deposits growth was also higher at 10.2%, Reserve Bank of India data showed.
The credit growth was seen at 11.5% a fortnight back while deposits growth print was at 9.5%.
Gold loan continued to grow triple digit at 129% yon-year ...
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GLOBAL ECONOMY
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July 2019 |
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British finance minister Rachel Reeves painted a bleak picture of the economy this month while she was in possession of forecasts that showed better-than-expected news for the public finances, a letter from the fiscal watchdog sho...
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Spain's European Union-harmonised 12-month inflation rate fell to 3.1% in November, from 3.2% in the period through October, preliminary data from the National Statistics Institute (INE) showed on Friday.
The 12-month EU-harmon...
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Spanish retail sales rose 3.8% in October from a year earlier on a calendar-adjusted basis and excluding the effects of inflation, after falling from a revised 4.1% in September, the National Statistics Institute (INE) said on Fri...
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Taiwan's tech-heavy economy is expected to grow at its fastest pace in 15 years, riding the wave of demand for artificial intelligence (AI) technology, the statistics office said on Friday, though U.S. tariffs are likely to cloud ...
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Euro zone growth and inflation remain on a benign path, a slew of fresh data suggested on Friday, supporting economists' bets that no further European Central Bank rate cuts are coming in the near future.
Growth has been surpri...
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Switzerland's economy contracted by 0.5% in the third quarter when adjusted for sporting events, driven by lower exports in the chemical and pharmaceutical industry, the economy ministry said on Friday.
The drop comes after 0.2...
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German inflation rose more than expected, to 2.6% year on year in November, preliminary data from the federal statistics office showed on Friday.
Analysts polled by Reuters had forecast EU-harmonised inflation nudging up to 2.4...
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Canada's economy expanded by 2.6% on an annualized basis in the third quarter, exceeding analysts' expectations, as exports outpaced imports and capital investment was driven by government spending, Statistics Canada data showed o...
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Germany's parliament on Friday passed the budget for 2026 with over 180 billion euros ($208 billion) in new debt, outlining how Berlin will use its financial firepower to revive the anaemic economy.
That borrowing level was onl...
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Canada recorded a slightly higher C$16.09 billion ($11.52 billion) budget deficit for the first six months of the 2025/26 fiscal year as government expenditures grew faster than revenues, the finance ministry said on Friday.
By...
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INDIAN CORPORATE
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Amazon is preparing to offer loans to small businesses in India, while Walmart-owned Flipkart is looking at buy-now, pay-later (BNPL) products as the e-commerce giants take on the country's banks with a push into financial product...
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Apollo Pharmacy plans to accelerate its expansion by opening two new stores every day, with the goal of reaching 10 crore customers within the next five years, CEO P. Jayakumar said on Friday, reported PTI.
The omni-channel pha...
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The Indian conglomerate, led by billionaire Gautam Adani, is planning to invest as much as $5 billion in Google's upcoming Al infrastructure hub in southern India, according to chief financial officer Jugeshinder Singh, showing th...
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Ola Electric’s retail sales have fallen to their weakest level in three years, marking a sharp reversal for the electric two-wheeler maker after months of slowing demand. The company sold 7,383 units in November up to the 27th, pu...
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Godrej Properties remains bullish about housing demand and plans to acquire multiple land parcels this fiscal year, with a total revenue potential of around Rs 30,000 crore, a top company official said.
Godrej Properties is agg...
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The Supreme Court on Friday dismissed a plea filed by Byju Raveendran challenging a NCLAT order that required the settlement of the BCCI’s claim to be placed before the Committee of Creditors (CoC).
A bench of Justices JB Pardi...
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COMMERCIAL LAW
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The government is working on rolling out reform measures to attract foreign investment in four key sectors -- nuclear energy, defence, insurance and plantation and agriculture --by the year-end, for many of which legislations are ...
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