Economy

South-East Asian markets on UPI radar as NPCI pushes global expansion

NPCI International Payments is exploring bilateral UPI linkages with Indonesia, Thailand and Malaysia to expand the global footprint of India's payments network

Commercial LPG price rises ₹42; ATF for international airlines down 27%

Oil marketing companies have increased commercial LPG prices by Rs 42 per cylinder, while aviation turbine fuel for international airlines has been cut by 27 per cent

New IIP series shows stronger growth in industrial output, shows data

General IIP growth rises to 6.7 per cent in 2023-24 under the 2022-23 base, compared with 5.9 per cent in the old series, and remains higher at 6.4 per cent versus 4 per cent in 2024-25

Govt slashes expenditure by ₹60K cr to meet fiscal deficit target in FY26

In FY26, while revenue expenditure was cut by Rs 26,636 crore, capital expenditure was reduced by Rs 33,055 crore, leading to a dip in total expenditure by Rs 59,691 crore to Rs 49 trillion

India's industrial output grows 4.9% in April under new base year series

India's industrial output rises 4.9% in April under new IIP series, driven by manufacturing and capital goods growth

Manufacturing PMI rises to 3-month high in May as demand stays firm

Manufacturing activity expanded at its fastest pace in 3 months in May, supported by stronger domestic demand, while input cost inflation remained elevated amid continued geopolitical uncertainties

Net GST revenue rises 3.3% in May as import-linked collections stay strong

Net GST revenue rose 3.3 per cent year-on-year in May, supported by strong import-linked collections, while adjusted gross revenue growth stood at 9 per cent

West Asia crisis: ECLGS 5.0 draws ₹1.71 trn credit demand, says govt

Emergency credit applications have crossed Rs 1.71 lakh crore as the government moves to secure fertiliser supplies and safeguard food and energy security amid the West Asia crisis

India likely to revise scotch whisky concession in UK trade agreement

New Delhi may rebalance commitments under the India-UK trade pact after Britain cut tariff-free steel import quotas and imposed fresh restrictions on shipments

Datanomics: Meeting rich-world fertility goals at lower income levels

India's widening fertility divide is set to influence politics, labour markets and economic growth

Binding national floor wage may redefine states' minimum wage structures

India's new Labour Codes introduce a binding national floor wage, but experts warn the absence of a clear wage-setting formula could create uncertainty and uneven implementation

CEPA with Oman offers India wider gateway to GCC, East Africa: Goyal

The Indian commerce ministry's early assessment suggests India's exports to Oman can grow to $7 billion within two years

DPIIT set to unveil new WPI series, launch Producer Price Index

The revised wholesale price index will adopt 2022-23 as the base year, while the Producer Price Index is set to be introduced as a new inflation measure

India's FY26 fiscal deficit at 4.4% of GDP, in line with govt estimates

The ‌deficit was at ​₹15.19 trillion ($159.91 billion), or 97.5% of the government's ​revised estimates presented in February

India's seafood exports hit record $8.46 bn in FY26 amid global headwinds

India exported 19.72 lakh tonnes of seafood worth $8.46 billion in FY26, led by frozen shrimp exports, even as global trade faced inflation, supply disruptions and weak demand

India's April industrial output grows 4.9% in first print of revised series

The quick estimate of the IIP stood at 118.9 in April 2026, up from 113.1 in the corresponding month last year

India-US trade deal to reflect Washington's tariff changes: Piyush Goyal

Goyal said large parts of the agreement had already been finalised and that discussions were currently focused on a few remaining issues

UP sugarcane payments cross ₹31,000 crore in current crushing season

According to the state government, sugarcane farmers have received payments of about ₹3.27 trillion between 2017 and 2026

India-Oman free trade pact comes into force; exporters set to gain

Oman is India's second-largest trading partner in the Gulf region and serves as a strategic gateway to the wider GCC market through its advanced port infrastructure

Indian firms in UK hit record high as turnover tops £105 billion mark

The Grant Thornton-CII-IGF tracker shows India-owned companies in the UK rose to a record 1,912 in 2026 amid growing trade ties after the India-UK free trade pact