Growth in India's currency in circulation (CiC) has reached a five-year high, primarily due to deposits under the Foreign Currency Non-Resident (Bank), or FCNR(B), scheme, leading to a robust increase in reserve money, according to the Reserve Bank of India's (RBI) 'State of the Economy' report.
India's economy recorded a robust 7.8 per cent growth in the April-June quarter of fiscal year 2026-27, surpassing both market expectations and the Reserve Bank of India's forecast. This strong performance positions India as the world's fastest-growing major economy, demonstrating resilience despite global economic uncertainties and geopolitical tensions, including the conflict in Iran. The Ministry of Statistics and Programme Implementation highlighted the sustained growth momentum amidst global headwinds.
Indian benchmark indices Sensex and Nifty experienced a significant drop in early trade, primarily due to a sell-off in IT stocks, a surge in crude oil prices, and investor caution ahead of the US Federal Reserve's policy decision.
Indian pacer Arshdeep Singh has become the first Indian bowler to take 150 wickets in T20 Internationals, achieving the milestone during the 4th T20I against New Zealand at Eden Park.
India has managed high government debt-to-GDP, a slowing domestic revenue engine, lower household savings and a more hostile geopolitical environment separately in the past. But together, they threaten to undo the growth narrative on which today's optimism rests, warns Debashis Basu.
India's Goods and Services Tax (GST) collections soared by 23 per cent year-on-year to over Rs 2.31 lakh crore in October, marking the second-highest monthly mop-up ever, primarily driven by robust festive buying and strong domestic demand.
Foreign Portfolio Investors (FPIs) became net sellers in September, withdrawing Rs 35,860 crore from Indian equities due to global uncertainties, high US interest rates, and elevated crude oil prices, with outflows continuing into October.
Former Chief Economic Adviser Krishnamurthy V Subramanian outlines India's strategy to become a USD 55 trillion economy by 2047. The plan hinges on leveraging its young demographic in AI, dominating sunrise sectors like space and defence tech, attracting FDI, and achieving sustained 8% GDP growth.
A foreign brokerage predicts that private investments in Indian AI startups are rapidly growing, with potential listings adding up to USD 100 billion to India's market capitalisation over the next two to five years. Goldman Sachs reported a tripling of PE investment in Indian AI startups in 2025 and highlighted India's rising global rank in AI funding and new AI companies.
Moody's Ratings on Tuesday said tax cuts in the current fiscal has dented India's revenue growth, leaving less scope for fiscal policy support for the economy.
A new report by FICCI, BCG, and IBA outlines that India's banking sector must grow significantly faster than nominal GDP to support a USD 30 trillion economy by 2047, requiring banking assets of USD 45 trillion. The report highlights the sector's current strength, challenges in digitisation, and the need to enhance resilience against fraud and cyber threats, proposing a 13-point agenda for stakeholders.
Union Road Transport Minister Nitin Gadkari has dismissed criticism against blending 20 per cent ethanol in petrol fuel as a 'paid campaign'. He highlighted that millions of vehicles are already running on E19-20 blends without widespread issues. Gadkari also addressed concerns about highway quality, promising improvements within two years and detailing plans for monitoring and penalising contractors. He further elaborated on the economic impact of infrastructure development and the expansion of India's highway network.
Rising bond yields in the US and other advanced economies are making it increasingly difficult for Indian equities to attract foreign portfolio investors (FPIs), leading to pressure on valuations and potentially lower returns for domestic investors.
The lack of faster growth in salaried jobs may well account for the degrowth in the unemployed educated population who are actively seeking jobs.
Following astronaut Shubhanshu Shukla's historic visit to the International Space Station, a significant surge in interest for space science careers is observed among Indian students. Srimathy Kesan of Space Kidz India highlights this shift from traditional fields like engineering and medicine, while Nobel laureate Didier Queloz emphasises the crucial role of curious young scientists in shaping the future.
India, the world's fourth largest economy, is set to maintain the 'goldilocks' phase with tailwinds of good growth, low inflation and robust banking performance as well as reform initiatives poised to sustain the economic pace witnessed during 2025.
Foreign Portfolio Investors (FPIs) have withdrawn Rs 20,974 crore from Indian equities in September, driven by global uncertainties, higher US interest rates and bond yields, elevated crude oil prices, and a weakening rupee.
Legendary India spinner R Ashwin believes pacer Bhuvneshwar Kumar could be dropped for the remaining T20I matches against New Zealand due to his poor performance in the series so far.
Despite an unassailable 3-1 lead, the Indian team management is contemplating tactical changes for the fifth and final T20I against New Zealand in Hamilton, potentially bringing in Vaibhav Sooryavanshi and addressing concerns over Sanju Samson's form and bowling inconsistencies.
Indian benchmark indices Sensex and Nifty experienced declines in early trade, driven by a surge in Brent crude oil prices above USD 91 per barrel due to escalating tensions between Iran and the US, alongside an increase in US 10-year bond yields. Track Sensex, Nifty on August 18.
Tata Sons Chairman N Chandrasekaran affirmed India's robust economic position amidst global uncertainty, emphasising that energy security, advanced manufacturing jobs, and investment in human capital are 'critical' for sustaining the nation's long-term growth.
FMCG giant Hindustan Unilever Ltd (HUL) reported a steady consolidated net profit of Rs 2,796 crore in the September quarter of FY27, despite a higher base from a one-off tax gain in the previous year. The company's revenue from product sales surged by 14.77 per cent to Rs 18,037 crore, driven by a strong underlying volume growth of 7 per cent.
Chief Economic Advisor V Anantha Nageswaran stated that 2026 marks an inflection point for India, akin to 1991, necessitating the country to become globally indispensable in carefully chosen sectors to build strategic leverage for accessing geopolitically contested resources amidst a series of external shocks.
Veteran pacer Bhuvneshwar Kumar's return to the Indian T20I squad has been challenging, with expensive spells in the first two matches against New Zealand putting his place in the playing XI under scrutiny amidst strong competition from other fast bowlers.
India all-rounder Naman Dhir discusses his bowling development, crediting veteran Ravindra Jadeja's advice and training at the Mumbai Indians camp. Despite not yet taking a wicket in his two ODIs, Dhir maintains a good economy rate and is working on his all-round game, including his batting, ahead of the third ODI.
With 139 runs conceded in three T20Is, Bhuvneshwar Kumar faces questions over his place in India's XI.
New Zealand Prime Minister Christopher Luxon stated that the historic Free Trade Agreement with India, now in effect, will help grow both economies, allowing Kiwi businesses to reach over a billion more customers with significantly reduced tariffs, leading to 'more jobs and higher wages for Kiwis'.
The Indian cricket team faces a significant challenge in their upcoming five-match ODI series against New Zealand, with a largely inexperienced bowling attack featuring Gurnoor Brar, Anshul Kamboj, Auqib Nabi, and Yash Thakur, who collectively have played only 11 ODIs.
The Union finance ministry has constituted a high-level committee, chaired by former Central Vigilance Commissioner Suresh N Patel, to recommend structural, regulatory, and legislative reforms for India's banking sector, aiming to make banks globally competitive and support the financing needs of a developed economy.
Indian left-arm pacer Arshdeep Singh has claimed the record for most wickets by an Indian bowler in T20 Internationals in a calendar year, surpassing Bhuvneshwar Kumar's previous best.
IndiGo is undertaking a comprehensive review of its long-standing policy against fuel hedging, particularly in light of rising jet fuel prices and its ambitious long-haul expansion plans. CEO Willie Walsh stated that while domestic competitors don't hedge, international expansion necessitates a re-evaluation to manage risk and provide stability against volatile fuel costs.
The legendary duo of Virat Kohli and Rohit Sharma have been at their menacing best recently in ODIs and it remains to be seen how the New Zealand bowlers can stop them.
Indian cricketers Shubman Gill, Abhishek Sharma, Sree Charani, and Shafali Verma have been shortlisted for the ICC Men's and Women's Player of the Month awards for September, recognising their exceptional performances in recent international matches.
'It is not because of the war in West Asia, which began on February 28.' 'Petroleum product prices are already going through the roof. They are bound to have a serious inflationary impact.' 'A country's leadership is tested in trying times. It is here that the current leadership is failing.'
Fitch Ratings has increased India's GDP growth forecast for the current fiscal year (FY'27) to 6.9 per cent, up from 6.4 per cent, attributing the revision to robust economic growth in the June quarter and overall economic resilience. The agency also anticipates the Reserve Bank of India (RBI) will raise interest rates by 0.25 per cent in October.
The Reserve Bank of India on Wednesday raised its policy repo rate by 25 basis points to 5.50 per cent, beginning a rate-hike cycle as rising inflation risks, elevated global yields and resilient domestic growth strengthened the case for tighter monetary policy. The decision by the Monetary Policy Committee marks a shift from its August policy, when it kept the repo rate unchanged at 5.25 per cent and retained a neutral stance while seeking greater clarity on the inflation outlook and growth-inflation balance.
'As a youngster, if you are not investing in yourself and your active income, you will not be able to reach the first 1 crore mark.'
Despite recent foreign portfolio outflows, India's long-term investment prospects remain strong, but the return of capital hinges on global financial conditions, relative valuations, and the country's ability to attract sustained foreign investment, according to foreign bankers at the Business Standard BFSI Insight Summit.
With the T20 series already secured, India is set to experiment with its squad in the fourth match against New Zealand in Auckland, potentially offering game time to spinners Kuldeep Yadav and Varun Chakaravarthy, who have been on the sidelines.
Economic think tank GTRI has urged the Indian government to withdraw the proposed UPI charges, set to begin on October 15, arguing that the digital payment system should remain free for merchants and consumers. GTRI warns that these charges could lead to higher prices, reduced earnings for small businesses, and weakened household demand, while also benefiting international card networks by eroding UPI's price advantage. The think tank also called for an independent audit of UPI's running costs.
