Economy

West Asia tensions, weak monsoon key risks for Indian economy: RBI Governor

RBI Governor Sanjay Malhotra said inflation risks remain elevated due to West Asia tensions, rising oil prices and the possibility of a weak monsoon, even as supply-side pressures dominate

India should rethink China investment policy, says PMEAC member

Rakesh Mohan, a member of the Prime Minister's Economic Advisory Council, said India should attract greater Chinese investment and strengthen trade ties to create jobs and boost exports

Women cash transfer schemes: Bigger budgets, but are outcomes also better?

As more states roll out cash transfer schemes for women, a new study shows the real question is not how much they spend, but what outcomes they deliver

Govt plans to replace $189 bn of imports through domestic manufacturing

The Centre and states plan to replace $189 billion of imports by boosting domestic production of 1,272 products through targeted manufacturing and industrial clusters

Datanomics: UK deal to strengthen India's steel exports with higher quotas

India has secured higher steel export quotas under the UK's safeguard regime through CETA, expanding duty-free access and strengthening its position in the UK market

India's pharma exports to UK may reach nearly $1 billion in FY27

Improved market access and zero tariffs under the India-UK trade agreement are expected to lift Indian pharmaceutical exports to over $980 million in FY27

PM to launch India's first hydrogen-powered train from Haryana on Friday

Prime Minister Narendra Modi will launch India's first hydrogen-powered train in Haryana as part of projects worth Rs 25,000 crore across multiple sectors

Moody's sees India losing some pace as global growth slows to 2.5% in 2026

Moody's Analytics says India will remain the fastest-growing major economy in 2026 and 2027 despite losing some momentum as global growth slows amid geopolitical risks

India's gig internet workforce to more than triple to 21 mn by 2030: Report

Redseer estimates India's monthly active gig internet workforce will reach 17-21 million by 2030, with platform work expanding beyond metros and generating millions of earning opportunities

Taxpayers can view foreign asset details in AIS ahead of I-T return filing

CBDT has enabled foreign asset and overseas income information in the Annual Information Statement to help taxpayers accurately disclose such details in income tax returns

India-EU trade pact to be signed by end of this year: Piyush Goyal

India and the EU will sign their free trade agreement by the end of 2026, with the pact expected to take effect in the first quarter of 2027, says Piyush Goyal

I-T department raises Cost Inflation Index for current fiscal to 384

The CBDT has raised the Cost Inflation Index to 384 for FY27, helping taxpayers compute inflation-adjusted long-term capital gains on eligible assets

RBI's Financial Inclusion index rises 4.48% in FY26, sees uniform growth

RBI's Financial Inclusion Index rose to 70 in March 2026 from 67 a year earlier, driven mainly by higher usage of banking and other financial services

Uttar Pradesh govt bets on municipal bonds for infrastructure development

UP expands municipal bond programme to strengthen urban infrastructure financing and local body development

India must ease visas, boost connectivity to unlock tourism growth: WTTC

Gloria Guevara says India can accelerate tourism growth through visa reforms, better connectivity and higher international promotion as the sector's GDP contribution is set to rise

AI boom fuels 'K'-shaped growth, widens global divide: Moody's Analytics

In its Global Economy Outlook, Moody's Analytics said it expects global growth to slow to 2.5 per cent in 2026 and pick up to just 2.8 per cent in 2027

Govt identifies $51 bn in critical imports for domestic manufacturing push

India's latest push to boost domestic production comes ‌as it grapples with supply-chain risks heightened by geopolitical tensions

CBDT raises Cost Inflation Index to 384 for financial year 2026-27

The Cost Inflation Index for FY27 will apply from April 1, 2026, though indexation is now available only in limited cases involving certain land and building sales

Govt plans incentives to cut import reliance to shield India from shocks

Commerce Ministry is preparing a list of more than 100 products for higher domestic production as New Delhi seeks to ease pressure on the rupee and strengthen supply chains

India raises windfall tax on diesel and ATF exports amid oil surge

India has increased windfall taxes on diesel and aviation turbine fuel exports as global oil prices rise following the escalation of the US-Iran conflict