In addition, banks mobilised $1.97 billion through Overseas Foreign Currency Borrowings (OFCBs), while External Commercial Borrowings (ECBs) contributed another $1.342 billion during the same period.
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In addition, banks mobilised $1.97 billion through Overseas Foreign Currency Borrowings (OFCBs), while External Commercial Borrowings (ECBs) contributed another $1.342 billion during the same period.
The growth comes amid a jump in cement output, which rose by 9.8%.
The US Bureau of Labor Statistics said higher nonfuel import prices offset lower petroleum costs in June, pushing annual US import prices to their highest since 2022.
The government also revealed that revenue generated from Long Term Capital Gains (LTCG) tax on equity transactions surged sharply in Assessment Year (AY) 2025-26, reflecting higher market activity and increased tax collections.
Deloitte India expects economic momentum to improve in the second half of FY2026-27, supported by festive demand, monetary easing and easing global uncertainties.
The government has repeatedly maintained that India does not want to replicate either the European Union's highly prescriptive AI Act or the relatively light-touch approach initially adopted by the US.
The Cabinet recently approved ISM 2.0 with a significantly expanded outlay of around Rs 1.27 lakh crore, broadening the government's semiconductor push beyond fabrication units.
The Raymond chairman said multinational companies are increasingly looking for manufacturing partners that can provide resilient supply chains, speed, quality and scale.
Petrol and diesel prices continue to be revised daily across India under the dynamic pricing mechanism. Fuel rates have risen four times in the past four months amid the Iran conflict, with prices varying across cities due to state taxes and local levies.
Industries Minister Tapas Roy said the government was working on a comprehensive roadmap for industrial growth.