Economy News ( English version)

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  • PPI vs WPI: What is Producer Price Index and why will it replace Wholesale Price Index in India? July 21, 2026
    India is phasing out the Wholesale Price Index for a new Producer Price Index. This shift aims to capture prices closer to the factory gate. Both indices will run in parallel for five years to allow business adjustments. Contracts currently referencing WPI will need recalibration during this transition. The government seeks to align with international practi […]
  • Oil prices, weak monsoon pose biggest risks to India's FY27 GDP growth, says IMF July 21, 2026
    India's economic growth faces significant risks from a widening Middle East conflict. Rising oil prices and a potentially weak monsoon pose challenges for the nation. The International Monetary Fund has slightly adjusted its growth forecasts for upcoming years. The Fund will also reassess India's national accounts quality later this year. These ass […]
  • Kharif sowing gap narrows despite widening rainfall deficit; East, Central India may see improved rains: Report July 21, 2026
    India's Kharif sowing gap narrowed significantly last week. This progress occurred despite a widening cumulative rainfall deficit over recent weeks. Rice acreage has nearly matched last year's pace, leading the recovery. Other crops like pulses and oilseeds also saw their shortfalls decrease. Improved rainfall is forecast for East and Central India […]
  • Protein inflation surges as costlier fodder pushes up milk, chicken prices July 21, 2026
    Protein inflation was 4.6% in May and 2.6% in January, it showed. Inflation in vegetarian protein sources also gathered pace, rising to 3.5% in June from 2.7% in May, after remaining flat in January.
  • Gratuity, leave encashment not part of CIRP cost: NCLAT July 20, 2026
    The NCLAT dismissed an appeal regarding priority payment of gratuity dues. It upheld an earlier NCLT order concerning Duncans Industries' former director. Such dues must be settled according to the company's approved resolution plan. Gratuity is a terminal benefit, not an insolvency resolution process cost. The appellate tribunal found the appeal m […]

 

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