As India marks a decade of the Goods and Services Tax (GST), the focus is shifting towards enhancing efficiency through artificial intelligence, data sharing, and process simplification. The reform, which unified India's indirect tax system, has significantly broadened the tax base and boosted revenues, with future plans including a streamlined two-tier rate structure and continued technological integration to reduce compliance costs and combat evasion.
'Policy consistency combined with timely and calibrated reforms are expected to ensure that India not only maintains macroeconomic stability, but also emerges as a globally competitive and inclusive economy.'
Brokerage Bernstein has warned Prime Minister Narendra Modi that India risks squandering recent economic gains unless it accelerates structural reforms, particularly in jobs, manufacturing and innovation.
Prime Minister Narendra Modi is set to meet secretaries of key Union ministries and departments to review their performance, focusing on ease of living, ease of doing business, and 'Atmanirbhar Bharat' initiatives, amidst strong speculation of an impending Cabinet reshuffle.
Former Indian Prime Minister Manmohan Singh passed away on Thursday night at the age of 92. He was brought to the emergency department of AIIMS Delhi in critical condition after "sudden loss of consciousness."
Ashok Lahiri, a distinguished economist with experience in government, the private sector, and electoral politics, has been appointed as the new Vice-Chairman of NITI Aayog, tasked with strengthening India's reform trajectory and policy-making.
The World Bank has increased India's economic growth projection for FY27 to 6.6 per cent, citing resilient domestic demand, while simultaneously cutting its global economic growth outlook due to the conflict in West Asia.
'Markets never fully lose hope. But an important shift could come if the Strait remains closed -- moving from high prices to no prices.'
The Indian government is set to accelerate reforms, including measures to enhance foreign direct investment, speed up divestment, and boost asset monetisation, to maintain economic growth despite rising fuel and fertiliser import costs driven by the West Asia crisis.
Singapore's Fullerton Fund pumps more into China, cuts exposure in India
Global investment firm KKR remains optimistic about India's long-term growth, citing rising incomes, premiumisation, financial deepening, and demand for quality services as key drivers for its consumption story, even as higher energy prices and AI disruption pose near-term challenges.
Veteran banker K V Kamath stresses the importance of reskilling and education reforms to leverage artificial intelligence (AI) in India, advocating for practical applications over expensive foundational models.
We have built an economy that can deliver everything -- from iPhones to biryani -- to a doorstep in 10 minutes, but it cannot deliver a fire engine through a lane in 20, points out Amit Kapoor.
Chief Economic Advisor V Anantha Nageswaran stated that India's economy is projected to return to a 7 per cent-plus growth trajectory by 2027-28 (FY28), or sooner if external conditions improve, despite near-term challenges from the West Asia crisis.
His statement comes in the wake of a Supreme Court order halting divestment in two oil PSUs.
Commerce and Industry Minister Piyush Goyal announced that India expects to operationalise nine free trade agreements (FTAs) within the next 10 months, with plans for an additional three to four significant pacts over the coming year, reinforcing India's ambition to become a global manufacturing and investment hub.
Keir Starmer has come under mounting pressure to resign as the leader of the Labour Party to pave the way for Andy Burnham to take over as the new British Prime Minister.
A referendum 10 years ago on this day set the United Kingdom on a new path as a non-member of the European Union (EU) and the turmoil of that Brexit vote continues to play out as the country prepares for its seventh prime minister in a decade.
National Security Advisor Ajit Doval called for decisive action against terrorism and said there cannot be 'double standards' in the fight against it, while addressing an international security forum in Russia.
Assam emerged as the fastest-growing large state with a remarkable 17.3 per cent nominal GDP CAGR over five years.
Through his commitment to democratic norms, debate, dissent and constitutionalism, Jawaharlal Nehru helped ensure that parliamentary democracy took deep root in independent India. Utkarsh Mishra evaluates Nehru's 17 years as India's first prime minister, examining his role in nation-building, democratic institution-building, economic planning, scientific advancement and foreign policy.
State Bank of India Chairman C S Setty has expressed support for a 'pause' in policy rates by the Reserve Bank of India's monetary policy committee, believing it will help stabilise conditions and support economic growth. He also urged investors to look beyond short-term equity market movements and focus on India's structural transformation, driven by reforms and digital infrastructure.
Britain hopes that after the forthcoming Lok Sabha elections the next government will carry forward the economic reforms process that should see India emerging as the third biggest economy in the world over the years to come.
The Department of Telecommunications (DoT) has introduced a new authorisation regime, replacing multiple licences with a single permission for principal telecom services, aiming to simplify compliance and accommodate evolving technologies. This move is expected to ease business operations, enhance fraud prevention with AI, and expand connectivity, especially through satellite networks.
Why would a country that requires close to $90 billion in net foreign capital annually to create jobs, build productive capacity, and sustain rapid growth permit $30 billion of capital to flow abroad, thereby contributing to pressure on the rupee? asks Debashis Basu.
India's gross GST collections increased by 3.2 per cent to over Rs 1.94 lakh crore in May, driven by improved supplies of goods and services and a continued expansion in collections from imports.
India's Finance Minister P Chidambaram has described the country's banking sector as the driving force of economic reforms, though New Delhi is still to fully open the sector to foreign financial institutions.
Hindutva is being conflated with good governance and economic performance in a determined bid to promote Narendra Modi, says Sonali Ranade
After Congress, the United Progressive Alliance on Thursday endorsed government's recent tough economic decisions and discussed the need "to do more reforms".
India's economy registered a robust 7.7 per cent growth in the fiscal year 2025-26, an increase from 7.1 per cent in the previous year, with the January-March quarter alone seeing a 7.8 per cent expansion.
Chinese state media on Wednesday said Prime Minister Narendra Modi's economic reforms have achieved "little progress" and asserted that the Chinese economy was five times bigger than the Indian economy.
Various reforms, including GST, labour codes, and quality control order, have been rolled out since August 15.
Popular anguish over the slow pace of economic reforms has grown more intense in the last few weeks even as Congress President Sonia Gandhi takes charge as the head of the National Advisory Council and Prime Minister Manmohan Singh's grip on the policy-making apparatus of the United Progressive Alliance (UPA) government appears to get weaker.
The Indian central government has reduced its total expenditure by approximately 60,000 crore in FY26, below its revised estimate, to successfully achieve the fiscal deficit target of 4.4 per cent of gross domestic product (GDP), according to the latest data from the Controller General of Accounts (CGA).
India has expressed firm opposition to attacks on merchant shipping amidst the ongoing Iran conflict, revealing that several Indian nationals have died or are missing due to these incidents. The nation also called for restraint, de-escalation, and prioritising civilian safety in the region.
Pakistan has received the second and final tranche of USD 1 billion from Saudi Arabia, completing a USD 3 billion aid package aimed at boosting its foreign reserves, the state bank said.
