"india-economy"

Finance Minister Nirmala Sitharaman said global trade is increasingly being "weaponised" through tariffs and other measures. She emphasized India must negotiate carefully, leveraging its economic strength to safeguard domestic industries amid rising international protectionism

The Indian rupee fell 39 paise to a record low of 90.33 against the US dollar on Thursday, amid delays in the India-US trade deal. Risk-averse markets and sustained foreign fund outflows pressured the local currency

Prime Minister Narendra Modi emphasised India’s strong economic performance with 8.2 per cent GDP growth in Q2, positioning the country as a global growth driver. He underscored India’s role as a bridge-builder in a fragmented world and a pillar of trust amid global challenges.

India’s new labour codes significantly expand social security coverage, formalise gig and platform workers, and streamline compliance for businesses. The reforms introduce universal wages, fixed-term employment benefits, simplified registrations, and higher thresholds for retrenchment approvals, aiming to create a modern, balanced labour ecosystem

India recorded a 16 per cent rise in FDI inflows to USD 50.36 billion in the first half of FY26, the highest ever for the period. Minister Jitin Prasada said FTAs, including the EFTA pact securing USD 100 billion investment, are strengthening investor confidence.

President Droupadi Murmu urged Indian Revenue Service officers to ensure tax collection is smooth, transparent, and technology-driven. Highlighting GST reforms, she stressed fairness, innovation, and citizen-friendly systems as crucial for economic growth, entrepreneurship, and nation-building

Andhra Pradesh Chief Minister N. Chandrababu Naidu praised India’s new labour codes as a landmark reform, highlighting their role in worker safety, fair wages, gender parity, gig worker protections, and aligning workforce standards with global best practice

Union Commerce Minister Piyush Goyal urged industry leaders at FICCI’s AGM to adopt bold targets, increase domestic investment in startups and R&D, involve next-generation leaders, and expand engagement beyond major cities to strengthen India’s long-term economic growth

According to RBI data, Rs 2,000 denomination banknotes worth Rs 5,817 crore remain in circulation. Since their withdrawal announcement in May 2023, 98.37 per cent of the notes have been returned. The Rs 2,000 notes continue to be legal tender, the RBI clarified.

India’s industrial output grew 4 per cent in September, steady from the previous month, driven by manufacturing growth aided by GST rate rationalisation and festive demand. The manufacturing sector expanded 4.8 per cent while mining contracted and power generation rose 3.1 per cent, NSO data showed

Finance Minister Nirmala Sitharaman said India has emerged as a stabilising force in the global economy, resilient against trade, energy, and financial shocks. Speaking at Kautilya Economic Conclave 2025, she warned of global uncertainties, shifting alliances, and structural transformations in world order

The Centre is monitoring whether e-commerce platforms are passing on GST rate cut benefits on FMCG items. Field officers will submit the first report by September 30. The revised GST structure is expected to lower prices for 99 per cent of daily-use goods

YS Jagan Mohan Reddy welcomed the GST restructuring introduced by the Union government, calling it a revolutionary step towards a simpler, fairer tax system. He expressed hope that the benefits will reach consumers and boost economic consumption and investment

Kerala Finance Minister K N Balagopal warned that the state could lose Rs 8,000–10,000 crore annually due to GST rate rationalisation. He urged the Centre to ensure benefits reach consumers and pressed for compensation to states facing major revenue losses

The Congress on Thursday termed the GST overhaul “GST 1.5” and said the wait for a “true GST 2.0” continues. Party leaders Kharge, Chidambaram, and Ramesh demanded five more years of compensation for States, simplification of compliance, and relief for MSMEs

Cheaper food and fuel prices drive down wholesale and retail inflation; RBI projects CPI at 3.1 per cent for 2025–26

Gold prices dropped Rs 1,000 to Rs 1,01,520 per 10 grams in Delhi on Tuesday, following global sell-offs and easing trade tensions after US President Trump ruled out import tariffs on gold. Silver also slumped by Rs 2,00

India’s wholesale price inflation entered the negative zone in June 2025 after 19 months, declining by 0.13 per cent due to falling food and fuel prices

The cost of vegetarian and non-vegetarian thalis rose by 3 per cent and 4 per cent respectively in June due to a sharp 36 per cent month-on-month spike in tomato prices. Crisil’s report predicts further increases amid seasonal trends and weak summer sowing

India’s economy has tripled in a decade, with 6.5 per cent GDP growth in 2024–25 and easing inflation. Strong domestic demand, stable investment, and global confidence are fueling momentum. CPI inflation hit a six-year low, and markets remain resilient and optimistic