With the Reserve Bank Monetary Policy Committee (MPC) scheduled to meet from June 4 to June 6, experts expect the central bank to cut interest rates by 25 basis points (bps). Here are some insights into what experts and economists expect the Reserve Bank of India (RBI) to do in shielding India in a world … Read more
With one rate cut widely expected in June, the Reserve Bank of India (RBI) could be nearing the end of its current easing cycle, according to Rahul Bajoria, Head of India and ASEAN Economic Research. “We are still comfortable maintaining 5.5% as the terminal rate for India,” said Bajoria, pointing to signs of stabilisation in … Read more
In a notification circulated by the Committee on Safeguards on May 24, addressed to WTO members by Indonesia, concerns have been raised about a serious threat to domestic industries producing cotton yarn, thereby proposing safeguard measures against its imports. India has objected to Indonesia’s proposed import control on cotton yarn at the World Trade Organization … Read more
Retail inflation in India may dip below the 3% mark in the first quarter of FY26, driven by an above-normal monsoon and easing global crude oil prices, according to a new report by SBI Research. The report now estimates headline Consumer Price Index (CPI) inflation at around 3.5% for FY26, with a downward bias. “CPI … Read more
Why R&D in India needs a private sector boost
Goods and Services Tax (GST) collections for May 2025 reached ₹2.01 lakh crore, marking a 16.4% year-on-year increase over ₹1.72 lakh crore in May 2024. Underscoring sustained economic momentum and improved tax compliance across the country, growth in GST collections in May, however, represented a slight decline from the record ₹2.37 lakh crore collected in … Read more
India has been buying more oil from the United States in recent months, as both countries look to expand their energy trade. Trump pushed hard for it when Prime Minister Narendra Modi visited Washington DC in February, putting US crude sales right at the top of his wishlist. Since then, India’s imports from the US … Read more
The Indian economy expanded by 6.5% in FY25, thanks to fourth-quarter growth surging by 7.4% during January-March and a slight upward revision in the third-quarter growth to 6.4% from 6.2% for the October-December period. And even though the 6.5% number is a 4-year low compared to 9.7% clocked in FY22, 7.6% in FY23 and 9.2% … Read more
The Union Government on Friday (May 30) has approved an advance release of ₹81,735 crore as an additional instalment of tax devolution to state governments, to be disbursed on June 2, 2025. This is over and above the regular monthly devolution of an equal amount scheduled for June 10. “The Union Government has approved an … Read more
India GDP Data Live Updates: For the full financial year 2024–25, economists expect GDP growth of 6.3%, just below the government’s earlier estimate of 6.5%. India’s gross domestic product (GDP) growth for the January–March 2025 quarter (Q4FY25), due to be released today at 4 pm, is expected to come in stronger than the previous two … Read more