Real-time market updates from India's financial markets and global sources.
30 articles
The Union Cabinet approved ₹1.27 lakh crore for the second edition of the India Semiconductor Mission, which will incentivise suppliers of raw materials in the chip manufacturing sector, according to Union IT Minister Ashwini Vaishnaw.
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India has remained stuck in the lower-middle-income group as Vietnam and the Philippines have moved up. The gap exposes the harder challenge facing the world's fastest-growing major economy: turning aggregate growth into higher incomes.
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India's trade pact with the UK offers duty-free access for most exports and opens new opportunities in services, procurement and professional mobility. Here's what CETA changes—and what could limit the gains.
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The cumulative shortfall in rainfall eased to 19.3% during 1 June-13 July from 38% at the end of June. However, the improvement was uneven, with east and northeast India still reporting a 35.5% deficit, followed by the south peninsula (21.5%), northwest (11.9%) and central India (8.5%).
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The higher collections strengthen the Centre's revenue position in the early months of FY27, giving it greater fiscal room to pursue its budgeted spending plans.
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Labour shortages are quietly crippling factory floors across India. For a country betting its economic future on an industrial boom, the reality is stark. Why are both skilled and low-skilled workers turning their backs on manufacturing? We find out.
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Producer price inflation climbed to 9.87% in June, driven by food and petroleum-linked costs.
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Driven by rising food prices, CPI-based retail inflation accelerated to 4.38% in June from 3.93% in May, breaching the Reserve Bank of India's medium-term target of 4% for the first time since January 2025—and the first time since the new CPI series was introduced in January 2026
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Indian refiners are increasingly turning to the spot market for cooking gas—or liquefied petroleum gas (LPG)—and liquefied natural gas (LNG) to secure supplies. More LPG is being sourced from the US, while LNG is being bought from the US, Angola, Algeria and Oman
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India's non-sovereign debt may reach 150 percent of GDP by 2047. This increase is essential for achieving a USD 30 trillion economy. Banks alone cannot meet this massive credit demand. The debt capital market must therefore play a larger role. Reforms are needed to broaden investor participation and market depth.
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Bengaluru hosted the fifth BRICS National Standardisation Bodies meeting today. A significant Memorandum of Understanding on cooperation in standardisation was signed. This agreement establishes a formal framework for collaboration among member nations. Discussions also covered standards for artificial intelligence and trade facilitation. BRICS countries will now jointly shape international standards through coordinated efforts.
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Indian companies have seen firm demand despite inflationary pressures, and global crude oil moderation and improving economic conditions have sustained business momentum across industries, according to Ficci President Anant Goenka. Automobiles, banking and telecommunications sectors are witnessing strong business activity and expansion, he said.
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The Indian Council of Agricultural Research plans crop diversification by 2047. This roadmap aims to significantly increase agricultural and horticultural production. Farm mechanization and nutrient use efficiency will also see substantial improvements.
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Economy-News-Economic Times
India seeks to increase domestic production for $51 billion in imports. This initiative targets critical manufacturing inputs across various industries. The government aims to reduce reliance on overseas suppliers and China. This push addresses heightened supply-chain risks and trade deficit concerns. Local manufacturing incentives will support economic resilience and cost competitiveness.
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British carmakers are quickly passing on tariff benefits from the India-UK CETA trade agreement. Price reductions for Scotch whisky and gin will take longer to reach consumers. Jaguar Land Rover and McLaren have already announced cuts on UK-built car models. Alcohol remains heavily taxed, impacting the speed of price adjustments for spirits. The full benefits of the trade deal depend on state-level tax policies.
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India is likely preparing a major import substitution drive as geopolitical tensions and supply chain risks push the government to reduce dependence on foreign goods. The Centre is identifying over 100 products for domestic manufacturing, while boosting incentives for semiconductors, smartphones, fertilisers and critical industries to strengthen India's economic resilience and manufacturing base.
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Moody's Analytics expects global growth to slow to 2.5% in 2026, saying India too "will lose a step" amid a broader moderation in activity. The report said the AI boom has prevented a steeper downturn but warned that geopolitical tensions, trade frictions and inflation continue to pose downside risks to the global economy.
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Project INROAD has established over 179,000 hectares of new natural rubber plantations. This initiative, funded by four tyre companies, is nearing its 200,000-hectare target. The project has also strengthened local nurseries and grower capacities significantly.
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Economy-News-Economic Times
Maharashtra's Chief Minister announced a Rs 48,000 crore waiver for farmer electricity dues. This move facilitates new agricultural power connections for many farmers. The government also launched a Rs 36,585 crore farm loan waiver scheme. This scheme will benefit 56 lakh farmers across the state. Investments are also being made in sustainable agriculture and water conservation projects.
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India's Central Board of Direct Taxes has set the Cost Inflation Index at 384 for the financial year 2026-27. This index is pivotal in gauging the inflation-driven changes in costs over time. Annually published through gazette notices, it pertains to long-term capital assets sold.
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The European Union and India on Wednesday reaffirmed their commitment to strengthen strategic cooperation in trade, technology and security at the third meeting of the India-EU Trade and Technology Council (TTC), with both sides agreeing to deepen collaboration in artificial intelligence, semiconductors, quantum technologies, clean energy and resilient supply chains.
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Indian refiners and importers are increasingly relying on the United Arab Emirates' Fujairah and Khor Fakkan ports along the Gulf of Oman, outside the traditional Strait of Hormuz shipping route that, to source energy supplies from the region
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The Union Cabinet approved significant new schemes for semiconductor and mobile phone manufacturing. The India Semiconductor Mission's second phase will receive ₹1.27 lakh crore for development. A new ₹62,500 crore scheme will boost mobile phone production and domestic sourcing.
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As the risk of an El Niño looms over the kharif season, India's largest foodgrain stockpile in five years gives the government a cushion against weather-led supply disruptions. The higher reserves also provide greater flexibility to curb food inflation and meet welfare needs.
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In this weekly Plain Facts compilation, we present to you data-based insights, with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by.
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India’s merchandise exports rose 15.5% to $40.4 billion in June, but the imports grew even faster, widening the merchandise trade deficit to a five-year high of $30.4 billion. The deficit for the June quarter was $86.86 billion, up from $68.75 billion a year ago.
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The median estimate in a nbsp;Mint poll of 18 economists had forecast retail inflation at 4.2% in June.
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The government wants to boost the inflow of funds through foreign currency non-resident (bank) deposits, overseas foreign currency borrowings and external commercial borrowings.
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