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Economy

Recent stories on growth, prices, jobs and the wider economy.

  1. India's services sector growth hits four-month high as input costs easeIndia's services sector activity expanded at the fastest rate in four months during October, according to S&P Global. The HSBC India Services Purchasing Managers' Index (PMI)…
  2. The Guardian reports: US-China economic tensions persist despite fragile trade truceA truce has cooled the trade conflict between the US and China, but neither country has taken action to limit potential new hostilities. While trade war headlines have subsided,…
  3. India's gross GST collections rise 23 percent to over ₹2.31 lakh croreIndia reported a 23 percent increase in gross Goods and Services Tax (GST) collections for October, reaching over ₹2.31 lakh crore. Domestic sales contributed over ₹1.59 lakh…
  4. ECB President Christine Lagarde to step down nine months early in February 2027European Central Bank President Christine Lagarde will leave her post on February 7, 2027, nine months before her term ends. Lagarde stated the early exit is intended to allow…
  5. ET Government reports: Supreme Court mandates bank compensation for digital fraud due diligence failuresThe Supreme Court has mandated that banks must compensate victims of digital fraud in cases where financial institutions fail to perform adequate due diligence. The ruling…
  6. Reuters poll: India economic growth projected to moderate after strong startA Reuters poll of economists projects that India’s economic growth will lose momentum following a strong start to the fiscal year. Forecasts indicate growth is expected to hover…
  7. European Central Bank survey reports tightening lending conditions for enterprisesThe European Central Bank’s latest Survey on the Access to Finance of Enterprises indicates that lending conditions for businesses have tightened, signaling increased difficulty…
  8. India and Russia target $100 billion in bilateral trade by 2030Indian Ambassador Vinay Kumar announced a goal for India and Russia to reach $100 billion in bilateral trade by 2030. To support this, India plans to train specialists to fill…
  9. India-New Zealand free trade agreement takes effect with zero-duty accessThe India-New Zealand Free Trade Agreement has taken effect, granting duty-free access for Indian exports to New Zealand. The pact eliminates tariffs on specific sectors…
  10. India's FM cites trade imbalance and non-tariff barriers with ChinaFinance Minister Nirmala Sitharaman stated that India faces a growing trade imbalance with China, citing non-tariff barriers that restrict market access for specific Indian…
  11. India merchandise exports rise 23% as trade deficit narrowsIndia's merchandise exports climbed 23% in September. The goods trade deficit narrowed to $30.21 billion from $33 billion in September last year, even as merchandise imports rose…
  12. US inflation rises to 3.7% in September, according to government dataThe Bureau of Labor Statistics reported that US consumer prices rose to an annual rate of 3.7% in September, up from 3.4% in August. According to the BBC, the acceleration was…
  13. Robert Hall and Michael Woodford win 2026 Nobel Prize in economicsStanford’s Robert Hall and Columbia’s Michael Woodford have been awarded the 2026 Nobel Prize in economics. The duo was recognized for developing the microeconomic foundations of…
  14. Former NITI Aayog chief Amitabh Kant proposes statutory liquidity ratio cutFormer NITI Aayog CEO Amitabh Kant has suggested lowering the statutory liquidity ratio (SLR) to reduce credit costs and support the manufacturing sector. Kant stated that while…
  15. BBC reports: Institute for Fiscal Studies warns Iran war risks UK budget plansThe Institute for Fiscal Studies (IFS) has issued a warning that the ongoing conflict involving Iran poses significant risks to the UK government's spending and budgetary plans,…
  16. UNCTAD projects India to lead large economies with 7.3% growth in 2026UNCTAD projects India will remain the world's fastest-growing large economy with a 7.3% growth rate in 2026. Simultaneously, the agency forecasts global trade growth will…
  17. ET Government reports: India joins 14 economies to target structural excess capacityIndia has joined the United States, the European Union, and 12 other economies in signing a joint ministerial statement. According to ET Government, the pact commits the…
  18. WTO raises 2026 merchandise trade growth forecast, citing AI investment and supply chain resilienceThe World Trade Organization has upgraded its 2026 global merchandise trade forecast. Economists attribute the growth to robust AI-related capital investment and improved supply…
  19. Reserve Bank of India raises repo rate by 25 basis points to 5.50%The Reserve Bank of India’s Monetary Policy Committee unanimously increased the policy repo rate by 25 basis points to 5.50%. The standing deposit facility rate was adjusted to…
  20. Chhattisgarh receives ₹43,250 crore in FDI proposals at Singapore-India forumAt the inaugural Singapore-India Network for Growth Forum in Singapore, Chhattisgarh secured investment proposals totaling ₹43,250 crore. This includes a ₹41,750 crore bid from…
  21. Federal Reserve releases minutes from September FOMC meetingThe Federal Open Market Committee released the official minutes from its September 15–16 policy meeting. The document records the specific economic assessments, policy…
  22. ET Government reports: World Bank raises India FY27 growth forecast to 7.1 percentThe World Bank has increased its economic growth forecast for India to 7.1 percent for fiscal year 2026-27. The upward revision is driven by robust domestic consumption, though…
  23. ETGovernment reports: Reserve Bank of India proposes new credit loss frameworkThe Reserve Bank of India has proposed transitioning commercial banks to an Expected Credit Loss (ECL) framework. This shift would replace reactive provisioning by requiring…
  24. ET Government reports: India prepares updated bilateral investment treaty framework for cabinet approvalFinance Minister Nirmala Sitharaman announced that India's Cabinet is set to consider a new bilateral investment treaty template. The government intends for this updated…
  25. ET Government: India-US trade negotiations reach difficult stage, Finance Minister saysFinance Minister Nirmala Sitharaman reported that trade negotiations between India and the United States have reached a difficult phase. While discussions are ongoing, she…
  26. Vietnam third-quarter GDP growth accelerates to 9.95%, Nation Thailand reportsVietnam recorded 9.95% GDP growth in the third quarter, driven by manufacturing and exports, according to Nation Thailand. The performance represents the country's highest…
  27. US job market slows sharply as employers pause hiring ahead of midtermsThe US labor market experienced a sharp slowdown as employers paused hiring just one month ahead of midterm elections, according to the BBC. The hiring pause led to a slight…
  28. IMF approves $1.9 billion Extended Fund Facility for BoliviaThe IMF Executive Board approved a 36-month, $1.9 billion Extended Fund Facility arrangement for Bolivia. The program is structured to help the country stabilize macroeconomic…
  29. India's external debt reaches $778.2 billion as debt-to-GDP ratio moderates to 20.8%India’s external debt rose by $15.4 billion between March and June 2026 to reach $778.2 billion, according to the Reserve Bank of India. US dollar appreciation generated a $0.9…
  30. ET Government reports: India's HSBC manufacturing PMI rose to 55.1 in September, a seven-month highAccording to ET Government, the seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index rose by more than two index points to 55.1 in September from 52.8 in…
  31. India's September GST revenue rises 14.7% year-on-year to ₹2.04 lakh croreIndia’s Goods and Services Tax (GST) collections increased 14.7% year-on-year to ₹2.04 lakh crore in September. Among major states, Maharashtra recorded the highest revenue at…
  32. India-UAE trade settled in local currencies reaches double digits, Piyush Goyal saysThe share of India-UAE bilateral trade settled in rupees and dirhams has reached double digits, according to Indian Commerce Minister Piyush Goyal. Goyal said businesses are…
  33. India outlines ₹7.86 lakh crore H2 FY27 borrowing plan and ₹50,000 crore WMA limitThe Reserve Bank of India, in consultation with the government, announced an indicative issuance calendar of ₹7.86 lakh crore (₹7,86,000 crore) for marketable dated securities in…
  34. India recorded peak FDI inflows of $94.53 billion in FY26, minister saysIndia recorded peak foreign direct investment inflows of $94.53 billion in FY26, pushing cumulative FDI to $843 billion, according to Commerce and Industry Minister Piyush Goyal.…
  35. Isabel Schnabel to resign from ECB Executive Board for senior IMF roleEuropean Central Bank Executive Board member Isabel Schnabel will resign to accept a senior role at the International Monetary Fund, according to an official ECB statement. The…
  36. ET Government reports: Weak monsoon and oil volatility fuel India rate-hike risksIndia imports roughly 90% of its crude oil needs, leaving its bond market exposed to global price swings. While crude falling below $100 per barrel recently spurred a rally in…
  37. India's exports to core BRICS nations rise 34% to $19.9 billion in April-AugustIndia's goods exports to core BRICS partners—China, South Africa, Brazil, and Russia—increased 34% to $19.9 billion during April-August. Shipments to China expanded 39%, leading…
  38. India's software exports grew 8.2% to $221.4 billion in 2025-26, RBI survey showsAccording to a Reserve Bank of India survey of 2,363 firms, India’s software services exports—excluding overseas commercial presence—grew 8.2% year-on-year to $221.4 billion in…
  39. Federal Reserve unanimously raises US interest rates for first time in three yearsThe Federal Open Market Committee unanimously raised US interest rates following its September 15-16 meeting, marking the central bank's first rate hike in three years. Alongside…
  40. WTO warns failure to modernize trade rules could cut global output by up to 10%On September 15, 2026, the World Trade Organization Secretariat published its flagship 2026 World Trade Report. The publication indicates that failing to modernize the…
  41. India’s balance of payments surplus reached $20.8 billion in July 2026, RBI data showsPreliminary Reserve Bank of India data shows India recorded an overall balance of payments surplus of $20.8 billion in July 2026, up from $0.3 billion a year earlier. A $27.7…
  42. Canada pitches $1tn in projects to global investors at inaugural summitCanadian Prime Minister Mark Carney hosted the country's first Canada Investment Summit, presenting a $1 trillion pitch featuring over 160 projects, including data centres and…
  43. India's retail and wholesale inflation quickened in August on rising food costsIndia's retail inflation rose to 4.8% in August 2026 from 4.45% in July, while wholesale inflation accelerated to 9.92% from 9.78%, slightly above the 9.89% Reuters poll…
  44. US prices rose 3.4% in the year to August as fuel costs squeeze budgetsUS prices rose 3.4% in the 12 months to August, according to the latest official inflation report. Elevated fuel costs contributed to the ongoing squeeze on household budgets.
  45. China moves to inject $54 billion into state banks and insurersChina is moving to inject $54 billion into its state banks and insurers to boost the economy, according to the BBC. The capital action comes as Beijing seeks to reshape the…