BUSINESS
RBI policy a non-event for GDP but inflation forecast sees movement
The RBI’s 3.7 percent inflation forecast is in line with the median estimate from 14 economists surveyed in a Moneycontrol poll conducted ahead of the policy announcement and release of GDP numbers
BUSINESS
US trade deficit at $61.6 billion in April, drops 56% from March; down 18% with India
The trade deficit stood at $138.3 billion in the previous month
BUSINESS
Environment spending from corporates up 38% from pre-Covid period; govt expenditure rises 24%
In the two years following the pandemic, FY22 and FY23, India’s corporates spent Rs 5,347 crore compared with Rs 2,841 crore spent in the two years prior to the pandemic—FY19 and FY20
BUSINESS
Rising heatwave days push last year’s annual mean temperature to a 24-year high
The annual mean temperature climbed to 25.74°, up from 25.47° in the previous year, and were nearly a full degree higher than it was a decade ago.
BUSINESS
Natural disasters claim over 3,000 lives in India in 2024–25, highest in 11 years
Damage to homes and livelihoods escalated sharply in 2024–25, with 361,124 houses damaged due to natural disasters—up from 140,384 the previous year.
BUSINESS
Air travel between non-metro cities may fly past traffic of eight metros this year
While the eight metro cities - Delhi, Mumbai, Kolkata, Chennai, Hyderabad, Bengaluru, Pune, and Ahmedabad - accounted for 58.7 percent of total domestic passenger traffic in FY19, their share declined to 51.1 percent in FY25.
BUSINESS
India’s business activity slows a bit in May
The HSBC Business Activity Index declined marginally to 59.3 in May from 59.7 in the previous month, mirroring a wider trend as Australia and Japan also slip
BUSINESS
Services activity rises to a 3-month high of 58.8 in May
The performance of services contrasts with the manufacturing sector, which dipped to a three-month low of 57.6 for the month
BUSINESS
OECD lowers India’s FY26 growth forecast to 6.3% as tariffs dent global economy
On the inflation front, OECD was more optimistic projecting 4.1 percent inflation in FY26 and 4 percent the following year
BUSINESS
Sri Lanka, Brazil, Thailand and Vietnam to be hit harder than India by US metal tariffs
India ranked as the eighth-largest exporter of steel, iron, and aluminium products to the US, with total exports valued at $4.2 billion heading to America, while Sri Lanka, Brazil, Thailand and Vietnam have a greater share direct exports.
INDIA
Covid is here to stay; no need to panic but take precautions, says PHFI’s Dr K Srinath Reddy
Hybrid immunity, through vaccines and exposure to the virus, is likely to protect people but they still need to follow Covid appropriate behaviour, says the health expert
BUSINESS
Statistics ministry mulls survey of standalone common property resources after a 26-year gap
The last detailed study on common property resources was carried out in 1998-99. CPR surveys were started in the 1980s.
BUSINESS
May Momentum: Economy shines despite tariffs & Indo-Pak conflict
UPI continued its double-digit growth with more than Rs 25 lakh crore worth of transactions for the first time, and volumes approaching 19 billion.
BUSINESS
Manufacturing PMI declines to three month low of 57.6 in May
May marks the first decline in the HSBC India Manufacturing Purchasing Managers' Index since US President Donald Trump imposed tariffs on April 2.
BUSINESS
Goods and Services Tax collection jumps 16% in May, stays above Rs 2 lakh crore
This comes after a record high Goods and Services Tax (GST) collection in April, when the revenues touched an all-time high of Rs 2.37 lakh crore.
ECONOMY
Govt starts year with capex push as spending rises 61%, fiscal deficit stays in check
Data released by the government on Friday showed that capex spending at 14.3 percent of the Budgeted Rs 11.2 lakh crore was higher than 8.9 percent spent in April 2024
BUSINESS
Construction and professional services now contribute more than ever: GDP growth in seven charts
Moneycontrol analysis shows that construction share in the economy reached a 12 year high of 8.4 percent, helped by 9.4 percent growth in FY25
BUSINESS
India's GDP growth rises to a four-quarter high of 7.4% in Q4FY25, full-year at 6.5%
The number is more than the median Moneycontrol poll conducted earlier this week, which had pegged growth at 6.9 percent for the January-March quarter and 6.3 percent for FY25
BUSINESS
If we get our act right and be disciplined, we can reach 8%+ growth: MEA’s Dammu Ravi
Indian economy is set to grow 6.3 percent this fiscal as per a Moneycontrol poll of 20 economists conducted this week
BUSINESS
Women bridge the gap with men on mobile phone usage: Govt survey
While there is a yawning gap in ownership, with 81.2 percent men owning a mobile compared with 56.9 percent women in rural areas, digital literacy has improved
BUSINESS
India’s GDP growth to rise to a four-quarter high of 6.9% in Q4FY25: MC Poll
India’s economy, however, would fall short of the 6.5 percent estimate set by the second advance estimate, settling at 6.3 percent for FY25
BUSINESS
India’s dependence on China for permanent magnets is growing, so is the world's
China’s share of global exports of permanent magnets made from metal rose from 49.6 percent in 2012 to 63.5 percent in 2024
BUSINESS
India’s industrial production dips to an 8-month low of 2.7% in April
The government will release GDP data for Q4FY25 (January-March 2025) on May 30
BUSINESS
Canada, UK lose sheen among Indian students; Bangladesh, Germany gain
While fewer students went abroad in 2024 compared to the previous year, the share of top 10 countries declined to 84.7% from 89.1% two years ago, indicating that Indians are casting the net wide when it comes to education
