Global crude prices are nearing $100 a barrel, but petrol and diesel rates remain unchanged across major Indian cities on Sept. 9.
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Global crude prices are nearing $100 a barrel, but petrol and diesel rates remain unchanged across major Indian cities on Sept. 9.
Despite the inflation risk and elevated crude prices, Sarkar believes Indian macros and corporate earnings remain strong. He also reiterated that the recent surge in crude prices is temporary.
Gulf LPG supplies nearly double in August, but the US continues to command over half of India’s import market despite a monthly decline in shipments.
Government weighs common rules across SEZs and other export schemes to curb scheme shopping, ease switching and simplify payments for businesses.
World Bank India ED rejects Subhash Chandra Garg's claim that nominal GDP growth is below 2.5%, says the base revision was flagged as far back as March
FCNR(B) deposits accounted for $127.2 billion of the total inflows, with the RBI's swap facility for overseas borrowings and ECBs remaining open until Dec. 31.
The Ministry of Statistics and Programme Implementation explained the impact of double deflation, GDP revisions, price differences and the gap between real and nominal GVA in its latest clarification.
Net GST collections rise 8.3% as refunds jump 67.9% year over year to Rs 31,795 crore.
Modi also urges citizens to support Swadeshi', Vocal for Local' and Make in India' after manufacturing-led growth in the first quarter.
India's June-quarter GDP grew 7.8%, beating estimates. BofA, Citi, UBS and Kotak raised FY27 growth forecasts, while RBI rate hikes returned to focus.
The finance minister also underscored that India's credit ratings are improving through proper management of the economy.
Kevin Warsh tells Jackson Hole he is done with forward guidance even as inflation stays above target, breaking with a practice he helped build under Bernanke.