New Delhi: The Centre and states together collected ₹1.95 trillion in gross goods and services tax (GST) revenue in June before adjusting for refunds, marking a 13.9% year-on-year increase, according…
Category: Economy
India, Japan eye LNG stockpiling partnership amid global supply uncertainty as Sanae Takaichi arrives today: Report
India and Japan will be signing a deal on liquefied natural gas (LNG) supplies as the latter’s PM Sanae Takaichi arrives in India on Wednesday for her annual summit with…
Economy holds firm, but risks remain from monsoon and geopolitics, says govt’s economic review
New Delhi: India’s economy remained resilient in the initial months of FY27, although risks from uneven monsoon rainfall, emerging El Niño conditions and geopolitical uncertainties continue to cloud the outlook,…
India’s fiscal deficit at 9.6% of FY27 target in May
New Delhi: India’s fiscal deficit reached 9.6% of the full-year (2026-27) target at the end of May. The fiscal deficit, reflecting the gap between expenditure and revenue financed by borrowing,…
Morgan Stanley cuts oil price forecast again as Strait of Hormuz flows recover, warns of glut
Morgan Stanley has cut its oil forecasts for the second time in the span of two weeks after flows through the returned to normal faster than it was earlier anticipated…
The human cost of India’s new welfare architecture, explained in charts
The political landscape has increasingly been shaped by promises of cash transfers and free goods, with election campaigns across at least 17 states. But beyond electoral politics, this reflects a…
The women behind India’s economy—and the price of invisible work
On 11 June, the Supreme Court delivered a landmark judgement on a road accident appeal case that caused the death of a homemaker over two decades ago. The verdict placed…
Freight rates to stay elevated amid high demand for tankers, vessels
New Delhi: Global shipping freight rates are likely to remain elevated for the next few months following the easing of restrictions on shipping through the Strait of Hormuz, as recovering…
Industrial output grows 5.1% in May under new IIP series with 2022-23 base
India’s industrial output, as measured by the Index of Industrial Production (IIP), grew 5.1% year-on-year in May, led by a robust expansion in manufacturing and supported by strong growth in…
India regains top spot in EM tracker, but higher cost pressures continue to linger
India returned to the top of Mint‘s Emerging Markets Tracker (EMT) in May after a six-month gap as stronger manufacturing activity and faster export growth lifted its composite score to…