Economy
India’s services sector witnessed a sharp acceleration in growth during June, with the Purchasing Managers’ Index (PMI) climbing to its highest level since August 2024, driven by strong domestic orders and sustained export demand, reinforcing optimism about the country’s economic resilience amid global headwinds. Services PMI Overview The HSBC India Services PMI, compiled by S&P…
As the clock ticks down to former US President Donald Trump’s threatened tariff reimposition deadline, Indian policymakers are urgently examining proposals to finalise a workable India-US trade deal that protects India’s food safety standards while addressing American exporters’ concerns. Sources indicate that India is considering a “GM-free self-certification mechanism” for food imports from the United…
Prominent economist and commentator Swaminathan S Anklesaria Aiyar has cautioned India against yielding to US President Donald Trump’s pressure tactics to extract a trade deal that projects victory ahead of America’s upcoming political milestones. In his latest analysis, Aiyar argues that while a limited trade package with the US remains feasible, India should not sacrifice…
India is on a decisive path to surpass Germany and emerge as the world’s third-largest economy by 2030, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said on Monday, reaffirming the government’s commitment towards economic reforms, digital transformation, and clean energy transition that have accelerated growth in recent years. Speaking at an industry conference…
India’s iron ore sector recorded a marginal increase in production to 53 million metric tonnes (MMT) during April-May 2025, according to the Ministry of Mines provisional data released this week. This marks a 2.1% year-on-year (YoY) rise compared to 51.9 MMT produced in the same period last year, indicating resilient operational performance despite challenges of…
India’s economic engine continues to display resilient momentum, with GDP growth for FY26 projected at 6.3%, driven significantly by robust informal sector expansion and steady consumption demand, according to recent official estimates and market economists’ analyses. Key Highlights Detailed Quarterly Performance Quarter Estimated Growth Rate (%) Key Contributors Q1 (Apr-Jun) 7.0 Informal sector, services, domestic…
Mumbai’s property market recorded 11,521 property registrations in June 2025, marking a 1% year-on-year dip from the same month last year, according to data released by the Maharashtra Inspector General of Registration (IGR) on Monday. Despite the slight decline in registrations, state revenue collections rose by 5% to ₹956 crore in June, driven by higher…
In a major boost to India’s banking and infrastructure sectors, global rating agency Moody’s Investors Service has stated that the Reserve Bank of India’s (RBI) recent relaxation of infrastructure lending norms will support higher loan growth, reduce funding constraints for large projects, and strengthen economic growth momentum. Key Highlights ✅ RBI amends infrastructure lending norms…
India’s industrial sector showed signs of slowing momentum as the Index of Industrial Production (IIP) growth fell sharply to just 1.2% in May 2025, marking its weakest performance since August 2024. The latest data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Monday reflects broad-based deceleration in manufacturing and electricity output, raising…
In a positive development reflecting improved government finances, India’s fiscal deficit for the first two months of FY26 (April-May 2025) stood at Rs 13,163 crore, amounting to only 0.8% of the full-year budget estimate. This marks a significant narrowing compared to the same period last year, driven by higher revenue collections and disciplined expenditure management….
