Economy News ( English version)

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  • In Graphics: How GST cuts triggered a rally for Indian businesses June 30, 2026
    Government analysis reveals that last September's Goods and Services Tax rate adjustments led to a significant expansion of the tax base. Higher taxable supplies more than compensated for reduced tax rates, boosting average monthly taxable supply by 22.5% in the latter half of FY26. This positive outcome marks a notable impact as the GST nears its ninth […]
  • Fiscal deficit widens to 9.6% of FY27 target on higher spending June 30, 2026
    India's fiscal deficit surged to 9.6% of the annual target in the first two months of the financial year, a significant jump from last year's 0.8%. This was largely due to increased spending in April, though May saw a surplus of ₹2 lakh crore, aided by a record dividend from the central bank. Despite higher subsidy and capital expenditure, analysts […]
  • Easing oil prices, supply chains to soften external pressures on India: Finance ministry June 30, 2026
    India's economy remains resilient despite global uncertainties, with easing oil prices and improving supply chains offering some relief. However, monsoon vagaries and West Asian geopolitical shifts pose risks to growth and inflation. Foreign investors are returning to sovereign debt, signaling confidence. The finance ministry emphasizes building nationa […]
  • India's manufacturing growth slows in Q1 as West Asia conflict weighs: FICCI June 30, 2026
    India's manufacturing sector anticipates a slower growth phase in the April-June quarter of FY27, influenced by the West Asia conflict. While production and order books saw a dip, production costs, driven by raw materials and energy, continued to climb. Despite these challenges, export sentiment showed a positive uptick, suggesting diversification effor […]
  • New macro indicators in the works to track Viksit Bharat progress June 30, 2026
    India is crafting a robust Viksit Bharat Sankalp indicator framework, featuring around 385 macro indicators, to meticulously track its journey towards becoming a developed nation by 2047. This data-driven mechanism, spearheaded by the Ministry of Statistics and Programme Implementation, will assess economic, social, and infrastructure progress across key sec […]

 

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