The Reserve Bank of India (RBI) has reported that ₹2,000 denomination notes worth ₹5,956 crore are still in circulation, despite the withdrawal directive issued in May 2023. While the majority of these high-value notes have been returned to the banking system, a small fraction continues to...
A report by Goldman Sachs highlights a fundamental shift in Indian households’ investment preferences: more citizens are moving from traditional physical assets like gold and real estate toward financial assets such as mutual funds, equities, insurance, and fixed income products. This transition is being driven by...
The Reserve Bank of India (RBI) has made it mandatory for all Regulated Entities (REs)—including banks, NBFCs, and fintechs—to use the Central KYC Registry (CKYCR) for customer onboarding and periodic KYC updates. RBI has also introduced monthly adhoc returns to monitor compliance, with strict supervisory action...
Industrial credit growth in India slowed to 7.6% in June 2025, according to the latest data from the Reserve Bank of India (RBI). This marks a moderation from the double-digit growth seen earlier, reflecting weaker investment demand, higher borrowing costs, and subdued global trade conditions. The...
China has stated that improving ties with India is in the mutual interest of both nations, signaling a softer diplomatic tone amid ongoing geopolitical and trade tensions. The remarks highlight Beijing’s intent to stabilize relations and expand economic cooperation, even as strategic challenges remain in areas...
India’s economy is projected to grow at 6.5% in FY26, according to a report by Bank of Baroda (BoB), but escalating tariff tensions with the U.S. pose significant downside risks. While domestic demand, government reforms, and investment momentum are expected to support growth, the recent 50%...
Commerce and Industry Minister Piyush Goyal firmly declared that India will not bow down to the U.S. decision to impose a steep 50% tariff on Indian exports, calling it one of the most aggressive trade actions in recent years. He emphasized that New Delhi will protect...
Karnataka Chief Minister Siddaramaiah hailed the consensus reached among eight opposition-ruled states on GST reforms, calling it a step toward creating a more balanced and cooperative tax regime. The collective stance emphasizes the need for reforms that not only simplify compliance but also protect states’ fiscal...
Chief Economic Adviser (CEA V. Anantha Nageswaran) has said that recent GST reforms, combined with the upcoming festive season, could provide a significant lift to consumer demand and overall economic activity. Speaking on India’s near-term outlook, he noted that GST rate rationalization under the ongoing GST...
The Centre’s fiscal deficit reached 29.9% of the full-year FY26 target by July 2025, reflecting higher expenditure outflows and moderate revenue collections in the first four months of the fiscal year. While the level remains in line with historical trends, analysts caution that tariff shocks, global...
India’s economy is estimated to have slowed during the April–June 2025 quarter, even before the full impact of steep U.S. tariffs on Indian exports takes hold. Weak external demand, uneven domestic consumption, and global uncertainties have weighed on growth, raising concerns about momentum in the coming...
Reliance Jio has officially announced its much-awaited IPO, set to be one of the largest public offerings in India’s market history. The listing is expected to attract massive investor interest, given Jio’s dominant role in telecom and its growing footprint in digital services. For investors, however,...
The Government of India will commence pre-Budget consultations from October 9, 2025, engaging with industry leaders, economists, and stakeholders to finalize priorities for the upcoming Union Budget. The discussions will focus on growth strategies, fiscal consolidation, tax reforms, and measures to boost investment, consumption, and employment....
The Government of India has appointed former Reserve Bank of India (RBI) Governor Urjit Patel as India’s Executive Director (ED) at the International Monetary Fund (IMF). His appointment comes at a crucial time when India is seeking to expand its influence in global financial institutions and...
India recorded robust gross Foreign Direct Investment (FDI) inflows during May and June 2025, highlighting continued global investor confidence in its growth story. However, net FDI inflows moderated, reflecting higher outflows and repatriations. The trend underscores the dual reality of India’s investment landscape: while the country...
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