Latest News & Videos, Photos On Economy

26 Feb

GST Data Among Key Additions in Updated GDP Calculations

nanikaEconomy

India’s upcoming national accounts series, set to be released on Friday, is expected to present a more precise and detailed picture of the country’s economic performance, following significant methodological and data upgrades.The revised Gross Domestic Product (GDP) and Gross Value Added (GVA) estimates are the result of an extensive consultative process led by the Ministry of Statistics and Programme Implementation. Multiple expert subcommittees were constituted to review existing practices and recommend improvements aimed at enhancing accuracy, transparency, and sectoral coverage.Among the major changes is the integration of new and more comprehensive data sources, including Goods and Services Tax (GST) data,…

09 Feb

India’s GDP Seen Growing 6.4% in FY27, Fastest Among G-20: Moody’s

editorEconomy

India’s economy is expected to remain on a strong growth trajectory in FY2026–27, with real GDP projected to expand by 6.4%, the fastest among G-20 nations, according to Moody’s. The global rating agency said steady growth will support financial stability and sustain credit demand across sectors.Moody’s noted that robust domestic demand, improving investment activity and stable macroeconomic conditions are likely to lift business confidence and encourage borrowing. Structural reforms, including GST rationalization and income tax cuts, are expected to boost consumption, while a stable monetary policy stance should keep financial conditions supportive. The Reserve Bank of India has also expressed…

06 Feb

Air India Unveils New Delhi Lounge, CEO Highlights Transformation Push

editorEconomy

Air India on Thursday opened a new premium lounge at Delhi airport, marking another step in the Tata Group-owned airline’s ongoing transformation. Calling it an “exciting time” for the carrier, Chief Executive Officer Campbell Wilson said major changes will become clearly visible both in the air and on the ground during 2026. Spread across 16,000 square feet, the newly launched Maharaja Lounge can accommodate around 300 passengers, with dedicated sections for Business and First-Class travelers. The airline also plans to open similar lounges in international hubs including San Francisco and New York.Speaking after the inauguration, Wilson said Air India is…

30 Dec

Sharp Correction Sees 24-Karat Gold Slide to ₹1,36,200 per 10 Grams in Single-Day Drop

MohiniEconomy

In a surprising turn for the commodities market, gold prices in India experienced a significant correction today, dropping by over ₹3,000 per 10 grams in a single session. After reaching record highs last week, 24-karat gold fell to ₹1,36,200, providing unexpected relief to retail buyers but causing a stir among investors. Analysts attribute the sharp decline to profit-booking by global institutional players and a slight easing of geopolitical tensions in certain sectors, leading to a temporary shift in "safe-haven" capital flows.

27 Nov

CLSA predicts 16% upside in Indian Markets by 2026

Purbalee DuttaEconomy

CLSA expects Indian equities to gain nearly 16% by December 2026, noting that the market is emerging from a prolonged adjustment phase and is now shaping a more stable base for long-term profitability. Over the past 14 months, expectations around GDP growth, earnings estimates and the currency have all been revised downward. Yet, CLSA believes the market has reached a stage where earnings visibility is improving, supported by better resilience to foreign outflows and a decline in record equity supply. The firm also observed a shift in global investor behaviour: India is increasingly viewed as a safe haven in a…

16 Sep

Income Tax Department Grants One-Day Grace for Filing Returns After Tech Glitches

editorBusiness, Economy

In a statement issued late Monday night, the CBDT announced that the income tax ITR filing deadline has been extended from September 15 to September 16. ITR Filing Due Date Extended: In a late-night statement on Monday, the Central Board of Direct Taxes (CBDT) extended the deadline for filing ITRs (income tax returns), providing relief to taxpayers. The ITR filing deadline has been extended by one day to September 16, meaning that the last day to file is today. In a statement issued late Monday night, the CBDT announced that the income tax ITR filing deadline has been extended from…

11 Aug

First Look Of Tesla’s New Showroom In Delhi’s Aerocity

Purbalee DuttaEconomy

Tesla has strengthened its presence in India by launching its second showroom at Worldmark 3 in Delhi’s Aerocity. This new Experience Centre allows visitors to engage directly with Tesla’s electric vehicles and advanced technology. It follows the opening of Tesla’s first Indian showroom at Mumbai’s Bandra Kurla Complex on July 15, 2025. Both showrooms are equipped with four V4 Superchargers, offering DC fast charging up to 250kW at ₹24 per kWh. At its Mumbai debut, Tesla also introduced the Model Y in two variants: Rear-Wheel Drive (RWD) and Long Range Rear-Wheel Drive (LR RWD). The RWD version, powered by a…

30 Jan

Bank of Canada Reduces Interest Rate Amid Economic Concerns

editorEconomy

The Bank of Canada has announced a 25 basis point reduction in its key policy interest rate, bringing it down to 3%. This decision is influenced by potential economic risks stemming from proposed U.S. tariffs on Canadian exports, which have contributed to a significant depreciation of the Canadian dollar. Governor Tiff Macklem emphasized that while the exchange rate has not directly constrained monetary policy decisions, any substantial future currency movements will be considered in policy settings. He also noted that although the bank is far from implementing quantitative easing, it remains prepared to support economic growth if necessary. Inflation is…

22 Jan

Fund Managers Urge ANZ to Fix ‘Inexplicable’ Deposit Errors

editorEconomy

Fund managers are urging ANZ to address its governance and compliance issues, especially within its retail banking sector, amid regulatory investigations that may result in fines and increased capital requirements. The Australian Securities and Investments Commission (ASIC) is probing allegations that ANZ miscalculated interest on customer savings and deposit accounts and has encountered issues with customer hardship provisions and fees charged to deceased customers' accounts. Furthermore, ASIC is investigating ANZ's markets team for activities related to a 2023 government bond issuance. Fund managers highlight the severity of such basic errors and warn that these governance failures could attract significant regulatory…

06 Jul

GDP per capita of states/UTs in India

Ashish MajumderEconomy

Actually GDP per capita of a country is calculated by dividing total GDP of the country by its total population. Right now India’s GDP per capita is $2,677. In fact among states/UTs, Sikkim has the highest GDP per capita at $8,691. Actually it is followed by Goa ($8,370), Delhi ($6,690), Chandigarh ($5,905), Telangana ($4,745), Karnataka ($4,637) and Haryana ($4,581). This is actually good news as India is becoming very strong economy and giving people very good life. Actually India is very big economy and people all over the world know how much powerful India is. If you see today India…