News
'A lot of youngsters left behind': India's economy is booming, but uneven growth clouds ascent
19+ hour, 27+ min ago (751+ words) MUMBAI: For years India's economy was driven by its vast services sector that saw millions of people working away in low-cost back offices providing consultancy for predominantly western companies. But over the past decade they have given way to centres…...
Gulf war imperils growth and inflation, dims rate cut hopes
2+ day, 10+ hour ago (370+ words) Gulf war imperils growth and inflation, dims rate cut hopes'The New Indian Express The US-Israel-Iran war and the consequent tension across West Asia wiped out an estimated "19 lakh crore in market capitalisation from Indian bourses this week Both benchmark indices…...
Hormuz closure may stoke CPI by 40 bps, shave 50 bps off GDP
5+ day, 15+ hour ago (618+ words) At the last monetary policy review, the Reserve Bank has assumed crude oil basket price to average $70/barrel in fiscal 2026 for its inflation and growth assumptions. The RBI has forecast FY26 CPI at 2.1%, and at 4.1% in H1 of 2027 but if the war…...
Iran war may offset India's trade deal gains; Straits of Hormuz closure may shave 50 bps off GDP: Report
5+ day, 17+ hour ago (426+ words) MUMBAI: The ongoing crisis in the Middle East could weigh heavily on India's economy if it drags on, potentially offsetting gains from recent trade deals with the US, the EU and other partners, according to analysts at BMI, a Fitch…...
West Asia crisis: Equities and rupee tumble; oil surges while gold shines
6+ day, 10+ hour ago (393+ words) India's equity market tumbled on Monday as escalating geopolitical tensions in West Asia kept crude oil prices elevated, with Brent crude surging 8-10% to near $80 per barrel in intraday trade. The BSE Sensex tumbled 3.4% or 2,743.46 points at open on Monday to…...
Current account deficit widens to $13.2 billion in Q3 as trade deficit expands
6+ day, 14+ hour ago (357+ words) MUMBAI: The current account deficit (CAD), which is the difference between forex earned from exports and forex spent on imports, widened to $13.2 billion or 1.3% of GDP in the quarter to December as the trade gap expanded, though higher services receipts,…...
Karnataka Budget 2026: Ask, and it shall be given
6+ day, 21+ hour ago (1102+ words) Mysuru needs special package Dr Vishnumurthy Shushrutha Hedna (Shushrutha Gowda), noted neurologist from Mysuru, expects CM Siddaramaiah, who also holds the Finance portfolio, to announce a special package for Mysuru district. "Mysuru represents heritage and tourism, the twin pillars of…...
Driven by manufacturing sector, India's real GDP grew 7.8% in Q3 on revised base
1+ week, 3+ day ago (393+ words) Indian economy grew at 7.8% year-on-year in the third quarter (October-December) of fiscal 2025-26, according to the advance estimates of national accounts rele ... Indian economy grew at 7.8% year-on-year in the third quarter (October-December) of fiscal 2025-26, according to the advance estimates of national…...
Economists peg India’s Q3 growth at over 8%
1+ week, 3+ day ago (306+ words) In its latest research report, State Bank of India (SBI) pegged Q3 growth at 8.1%, while IDFC First Bank was slightly more optimistic, estimating growth at 8.2%. However, both banks based their calculations on the old GDP series and cautioned that significant methodological…...
Tomorrow’s money, today’s infra
1+ week, 3+ day ago (393+ words) For decades, infrastructure in India has followed a familiar cycle. The government builds an asset'a highway, a transmission line or a port terminal. The asset stabilises, begins generating steady revenue and then quietly recedes into the background of the public…...