India’s service producer prices showed a sharp divergence across sectors in the first quarter of FY27 (Q1FY27), with air passenger services recording a 31.94% year-on-year increase, while banking service prices…
Category: Economy
AI, semicon, global value chains: How globalization isn’t dying—it’s evolving
As protectionism, geopolitical tensions and supply-chain vulnerabilities reshape the global economy, Prime Minister Narendra Modi re-emphasized the push for a self-reliant India in his Independence Day address. Yet, even as…
The week in charts: Hawkish RBI minutes, drought warning, rural workforce
From the Reserve Bank of India’s (RBI’s) minutes signalling hawkish caution even as rates stayed on hold, to India’s exports finding strong footing across key markets in July, Skymet sharply…
India’s private sector growth likely picked up in August: HSBC Flash India PMI
New Delhi: India’s private sector growth appears set to pick up moderately in August after slowing to a more than four-year low in July, according to preliminary data from the…
India economic growth may beat RBI forecast: Deputy governor says 7% pace possible as indicators improve
India’s economy may outperform the central bank’s forecasts this financial year, according to Deputy Governor Poonam Gupta, as growth closer to 7% leaves policymakers watching for the need to raise…
Consumers queue up for premium petrol as E20 concerns refuse to die down
New Delhi: Worried that ethanol-blended E20 petrol could hurt vehicle mileage and engine life, consumers are increasingly trading up to premium, high-octane petrol, driving its share of sales to 12-15%…
India allows duty-free sugar imports as prices surge
New Delhi: India has allowed duty-free imports of up to 1 million tonnes of raw sugar until 31 October, marking its first significant sugar import, as the government moves to…
RBI’s $50 billion boost may not be enough to lift the rupee | Here’s why
India’s balance of payments is likely to post a surplus of around $50 billion in FY27, but will that be enough to ease pressure on the rupee? Normally, a surge…
Core sector growth eases to 5.4% in July from 6% in June; iron ore, cement drive expansion
New Delhi: India’s eight core infrastructure sectors grew 5.4% in July 2026 from a year earlier, easing from the revised 6% growth recorded in June, according to provisional data released…
RBI’s rate-setting panel hints at future policy tightening if inflation persists
Mumbai: The Reserve Bank of India (RBI) held its policy rate steady even as retail inflation has risen steadily in recent months, with governor Sanjay Malhotra signalling that the central…