BUSINESS
Fiscal deficit higher at 29.9% of FY26 target during first four months of the year
The rise in fiscal deficit follows an increase in capital spending since the start of the year by the central government.
BUSINESS
India’s GDP growth surges to five quarter high of 7.8 percent in Q1FY26, beating estimates
Services sector posts two-year high; consumption and rural demand provide support
BUSINESS
Employment in formal manufacturing more concentrated in fewer states
South and North together account for nearly two-thirds of jobs; Uttar Pradesh gains, Kerala and Uttarakhand slip
BUSINESS
Industrial output remains subdued as July IIP records 3.5% growth, helped by manufacturing
The uptick was in contrast with the performance of the eight core industries, which together carry a 40 percent weight in the Index of Industrial Production (IIP)
INDIA
Statistics, labour ministries should collaborate to track impact of PM Viksit Bharat Scheme: Labour secretary
MoSPI Secretary Saurabh Garg noted that India’s statistical system is moving towards deeper reforms, with a strong emphasis on district-level granularity and timeliness
BUSINESS
‘Unjustified and unfair’: MoS for External Affairs Kirti Vardhan Singh hits back at Trump’s tariff move
At the keynote session of CII India–Africa Business Conclave in New Delhi, Singh highlighted the rapid growth of India–Africa economic ties
BUSINESS
Future inflation revisions won’t take more than five years: MoSPI secretary Saurabh Garg
Moneycontrol had earlier reported that the ministry was considering a four-year revision cycle
BUSINESS
Manufacturing sector expansion hits two-year high in FY24, most firms added in 13 years
The strongest growth came from basic metals, motor vehicles, chemicals, pharmaceuticals, and food processing
INDIA
Coaching has become more pronounced, with east India driving the boom
Nationally, the sharpest rise in coaching has been at higher levels of schooling. In 2017–18, 30% of secondary and 28% of higher secondary students took coaching. By 2025, that share climbed to nearly 38% in both categories
BUSINESS
Not just goods, Indian tourists are also finding it difficult to reach the US
Approvals have been slipping since March; neighbours see sharper declines, China bucks the trend
BUSINESS
India's exports worth nearly $8.5 bn face uncertainty as they rely heavily on US
Solar modules, textiles, and seafood among the most vulnerable as US imposes 50% duty
BUSINESS
Foodgrain sowing shines, but commercial crops lag in Kharif season
Strong rice and coarse cereal sowing contrasts with weaker performance in oilseeds, cotton, and jute
BUSINESS
India’s dependence on China extends beyond nail clippers, into drugs and railways
China dominates categories such as hot water bottles, torches, table fans and toasters, all of which have market shares above 95%, while reliance on smaller-ticket items such as combs, nail cutters, bread boards, and vacuum flasks exceeds 97%
BUSINESS
GST 2.0 could cushion Trump tariff blow, say economists
Of the 15 economists surveyed last week, nearly 67 percent said GST cuts would help offset at least part of the impact of higher duties imposed by Washington
BUSINESS
India’s growth likely moderated to 6.6% in Q1FY26: Moneycontrol Poll
Despite the industrial drag, economists say public spending, services, and rural demand supported growth
BUSINESS
Tamil actor Vijay eyes 2026 Tamil Nadu polls, but star-run outfits have rarely had an easy debut
Focused alliances and limited contests have worked better for actor-founded political parties
BUSINESS
Look North: India looks towards Eurasian Bloc amid US tariff squeeze
A Moneycontrol analysis shows that India’s engagement with the bloc, excluding Russia, has been a mixed bag since the pandemic. Overall trade with the region halved to $1.2 billion in 2024, compared with $2.1 billion in 2019
BUSINESS
Business activity zooms to an all time high of 65.2 in August: HSBC
Manufacturing retained strong momentum, with the sector’s PMI estimated to climb to a near 18-year high of 59.8. The services activity rose to a record 65.6
BUSINESS
India’s core sector growth eases to 2 percent in July weighed down by energy sector
On the brighter side, infrastructure-linked sectors provided some support, as steel posted its fastest growth in 21 months, rising by 12.8 percent, while cement output expanded 11.7 percent to its highest in four months.
BUSINESS
India heavily dependent on China in over $30 billion worth of products
In 59 categories worth $1.3 billion, China accounts for virtually all of India’s imports. A further $5 billion worth of imports, including drug ingredients and display products such as LCDs, come almost exclusively from China, with a 90 percent-plus share
BUSINESS
Southern states lead UPI adoption on per capita basis, cash still the king in the east
The southern states, with 3.56 billion transactions in July against a population of 276 million, posted the highest per person volume at 12.9. Eastern India, including populous states like Bihar and West Bengal, recorded only 3.9 transactions per person in July, while the northeast managed 5.5
BUSINESS
GST reform may unsettle lottery states, Kerala and Punjab could be hit
For Kerala, which accounts for nearly 97% of the total lottery revenues in the country, the shift would be significant
BUSINESS
Coarse cereals sowing crosses normal area; rainfall pickup boosts progress
According to Ministry of Agriculture data, kharif crops have been sown on 90.5 percent of the target area, translating into 94.8 percent of the normal coverage
BUSINESS
Unemployment drops to a three-month low in July, female participation rises
India's female unemployment rate fell to 5.1 percent in July from 5.6 percent in June, outpacing the drop in male unemployment which stood at 5.3 percent compared with 5.6 percent a month earlier.
