Economy News ( English version)

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  • Wholesale inflation hits record 9.9% in June on fuel, food prices July 14, 2026
    India's wholesale inflation surged to a record 9.9 percent in June. Fuel and power prices rose significantly, contributing most to this increase. Food inflation also climbed to an eighteen-month high, impacting the overall index. This rise occurred while retail inflation also showed an upward trend.
  • Input tax credit relief for companies on staff cars, insurance likely July 14, 2026
    Companies may soon claim input tax credit on employee vehicles. Group health and life insurance policies for staff are also included. The GST Council's law committee proposed these changes last week. These proposals aim to ease business operations and reduce costs. The GST Council will consider these reforms in an upcoming meeting.
  • NEW ISP: 14 of 19 sectors see double-digit growth in April July 14, 2026
    India's formal services sector began the new fiscal year strongly in April. Fourteen of nineteen sectors tracked by the new Index of Service Production showed growth. Accommodation and food services led this expansion, growing over thirty-seven percent year-on-year. Retail trade and administrative support services also posted significant double-digit in […]
  • Rice, oilseed, pulses prices rise as Kharif crop sowing declines July 14, 2026
    Retail prices are rising due to reduced sowing of key kharif crops. Inflation has increased for rice, oilseeds, and major pulses in June. Acreage for these crops declined significantly compared to last year. Traders are holding produce, limiting supply and pushing prices higher. Below normal rainfall further exacerbates concerns about future availability. […]
  • India bans import of goods made with forced labour July 14, 2026
    India has amended its foreign trade policy to ban goods produced using forced labour. This move comes amid a US investigation into forced labour practices globally. The new policy prohibits imports of goods manufactured wholly or in part through forced labour. This prohibition will take effect after a 30-day period from its official gazette publication. The […]

 

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