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The Government GST Cuts Driving Consumption, Potential Boost GDP has said that the recent Goods and Services Tax (GST) rate cuts, implemented in late September, have been effectively passed on to consumers, leading to a visible uptick in household spending. Officials expect the surge in consumption to reflect positively in upcoming GDP growth figures. According…
World Bank Lowers India’s FY27 Growth Forecast to 6.3%, citing moderating investment momentum and persistent global headwinds. The multilateral lender also underscored the urgency of structural reforms to sustain long-term growth. Despite the downgrade, India remains one of the fastest-growing major economies, with the Bank expecting 6.5% growth in FY26, supported by robust domestic demand…
The government is preparing to introduce two major amendments during the upcoming Winter Session of Parliament aimed at partially opening up India’s tightly controlled nuclear power sector.Two Amendments Planned to Open Up Nuclear Power Sector; Focus Shifts from Technology to Capital Needs According to senior officials, the proposed changes — to the Atomic Energy Act,…
Efforts by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) to attract more foreign investment into domestic debt have yet to yield the expected results. Despite relaxed regulations under the Fully Accessible Route (FAR), overseas inflows into Indian bonds remain below projections. Foreign Debt Inflows Lag Despite Liberalized…
India’s bank credit shrank in the first fortnight of October — marking the first contraction since mid-July — after a steady rise in disbursements through September, according to the latest Reserve Bank of India (RBI) data. For the fortnight ended October 17, bank loans declined by ₹49,468 crore. Despite this, the year-on-year (Y-o-Y) growth in…
October Sees Historic ₹27 trn in UPI Payments in Festivities. October 2024 marked a milestone for India’s digital payment in UPI processing 20.7 billion transactions valued at ₹27.28 trillion. The surge—representing a 5% jump in volume and 10% rise in value from September—was fueled by festive shopping sprees and GST 2.0 relief measures. The platform…