4+ day, 21+ hour ago   (325+ words) The GDP data debate has now reached the doorsteps of GST. Former economic affairs secretary Subhash Chandra Garg, who whipped up a storm by claiming that "real GDP" growth in Q1FY27, is just 2.6% and not 7.8%, has made fresh claims saying GST…...

6+ day, 7+ hour ago   (569+ words) SBI Research has rejected claims of “missing” nominal GDP worth ₹6 lakh crore to ₹42 lakh crore following the release of India’s Q1FY27 GDP data, arguing that such comparisons stem from comparing estimates based on different GDP base-year series. In its latest Ecowrap…...

1+ week, 4+ hour ago   (496+ words) Business confidence among Indian companies strengthened sharply in the second quarter of FY27, with the CII Business Confidence Index (BCI) rising 5.2 points to 66.0 from 60.8 in Q1FY27, according to the 136th CII Business Outlook Survey. The rebound brings the index back to its Q2FY26 level…...

1+ week, 1+ day ago   (1192+ words) Prime Minister Narendra Modi on Saturday challenged India’s young business talent to move beyond working for global consulting and accounting giants and build Indian firms capable of competing with the world’s biggest professional-services companies. Speaking at the centenary celebrations of…...

1+ week, 4+ day ago   (438+ words) India’s services activity expanded at a faster pace in August, supported by stronger output and new business, although the rate of growth remained the second-slowest since March 2022, according to a monthly survey released on Thursday. The seasonally adjusted HSBC India…...

1+ week, 5+ day ago   (568+ words) The Japan Credit Rating Agency (JCR) has upgraded India’s long-term foreign currency and local currency issuer ratings to ‘A-’ from ‘BBB+’, citing the country’s strong economic growth, improving financial-sector soundness, and policies aimed at strengthening the foundations of growth. JCR…...

1+ week, 6+ day ago   (381+ words) India’s economy grew 7.8% in the first quarter (Q1) of FY27, higher than the 6.9% growth recorded in the year-ago quarter, with broad-based strength across most sectors, according to SBI Research’s latest Ecowrap report. SBI Research has now raised its FY27 GDP growth forecast to…...

1+ week, 6+ day ago   (178+ words) India’s gross Goods and Services Tax (GST) collections rose 14.8% year-on-year to ₹1,99,853 crore in August, according to official data released on September 1. Net GST collections increased 8.3% year-on-year to ₹1.68 lakh crore in August, compared with ₹1.55 lakh crore in the corresponding month last…...

1+ week, 6+ day ago   (344+ words) Prime Minister Narendra Modi today said that despite the whole world being engaged in conflicts and supply chains disrupted, India’s economy registered an impressive growth of 7.8%. For this success, he gave credit to citizens, saying it was a “demonstration of…...

2+ week, 2+ hour ago   (340+ words) Chief economic advisor V. Anantha Nageswaran on Monday said Indian economy is witnessing continued resilience in growth performance and has weathered the global uncertainties well. Addressing a press conference after the release of Q1FY27 GDP numbers, Nageswaran said manufacturing and services have…...