India GDP Growth Forecast: 7.6% FY26, 6.1% FY27 by OECD
The OECD forecasts India's GDP growth at 7.6% for FY26 and 6.1% for FY27, highlighting global economic risks from West Asia conflicts and inflation pressures.
Category : Economy
Govt Bans Unfair LPG Charges in Restaurant Bills
The Central Consumer Protection Authority has issued an advisory banning hotels and restaurants from adding LPG or gas charges to bills, declaring it an unfair trade practice under the Consumer Protection Act, 2019.
Govt: 60 Days Oil Stocks, 8 Lakh Tonnes LPG Secured
The Indian government has announced it holds 60 days of oil stocks and secured 8 lakh tonnes of LPG, urging citizens not to panic amid global supply concerns.
India Growth Steady, Inflation Within RBI Target: Shamika Ravi
Shamika Ravi of the PM's Economic Advisory Council states India's growth remains robust and inflation is within RBI targets despite global uncertainties, highlighting financial literacy needs.
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Russian Oil Imports Soar for India as Hormuz Crisis Deepens
India's crude oil imports from Russia have skyrocketed to near-record levels, offsetting supply disruptions from the Strait of Hormuz due to the US-Iran conflict, ensuring energy security.
OECD: India Growth 7.6% This Year, 6.1% Next
The OECD forecasts India's economy to grow 7.6% in FY 2025-26 before moderating to 6.1% in FY 2026-27. The report warns Middle East conflicts could disrupt energy supplies and fuel inflation globally.
India's Fuel Supply Fully Stable, Government Reassures Citizens
The Ministry of Petroleum and Natural Gas confirms India's fuel systems are secure with no shortages. The government warns against coordinated misinformation causing panic buying.
Oil Rises as Iran Rejects Talks on Middle East Ceasefire
Oil prices increased as investors reassessed Middle East ceasefire prospects after Iran's foreign minister stated no intention to hold talks to end the conflict, despite reviewing a US proposal.
LPG vs PNG: Global Conflicts Impact India's Kitchen Fuel
Explore the critical differences between LPG and PNG in India's kitchen fuel landscape. Learn why LPG supply faces vulnerability due to geopolitical tensions while PNG remains more stable through pipeline networks.
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Oil Prices Surge Past $100 Amid Middle East Tensions
Oil prices rebounded sharply on Thursday, with Brent crude rising above $103 a barrel as markets weigh Iran's stance on US peace proposals and ongoing supply disruptions in the Strait of Hormuz.
India Keeps 4% Inflation Target for 2026-31 Period
The Indian government has set the retail inflation target at 4% for 2026-31, with upper and lower tolerance levels of 6% and 2%, reinforcing the RBI's price stability mandate.
India's LPG Crisis: GoM Formed, PNG Push to Reduce Imports
The Indian government has formed a Group of Ministers to address LPG and LNG supply disruptions, while phasing out LPG for households with PNG access. This move aims to reduce import reliance and accelerate pipeline infrastructure.
India Maps Supply Chains Amid West Asia Conflict Fallout
An empowered group of officials in India is actively mapping demand and supply to prevent disruptions from the West Asia conflict, focusing on food, fuel, and key industries like chemicals and pharma.
Finance Bill Passed with Amendments on Buyback Tax, Startups
The Lok Sabha passed the Finance Bill with 32 amendments, including a 12% surcharge on promoter capital gains from share buybacks and increased tax holiday thresholds for startups.
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US Iran Proposal Slashes Oil Prices, Boosts Gold
A US proposal to end the West Asia conflict and reduced hostilities led to a 3% drop in Brent crude to $97.2/barrel and a rally in precious metals, with gold up 3.4%.
India Keeps 4% Inflation Target, 2-6% Band for Next 5 Years
The Indian government has decided to maintain the retail inflation target at 4% with a 2-6% tolerance band for the next five years, following extensive consultations and RBI recommendations.
S&P Raises India's FY27 GDP Growth Forecast to 7.1%
S&P Global Ratings has revised India's GDP growth projection for fiscal year 2027 upward to 7.1%, citing strong economic momentum and policy reforms.
LPG Policy Confusion Sparks Long Queues in Kolkata
Confusion over LPG distribution rules led to long queues in Kolkata as consumers rushed for eKYC. Officials clarified the March 31 deadline applies only to PMUY beneficiaries, not regular users, and refill gaps remain at 25 days.
Govt Sets 4% Inflation Target for 2026-31 with Tolerance Band
The Indian government has notified a 4% inflation target for the period from April 2026 to March 2031, maintaining a 2% tolerance margin on either side, as per a Finance Ministry gazette.
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CCPA Warns Hotels on Hidden 'Gas Surcharge' in Food Bills
The Central Consumer Protection Authority has issued a strict advisory, warning hotels and restaurants against levying additional charges like 'LPG charges' or 'fuel cost recovery' on food bills, calling it an unfair trade practice.
RBI's 4% Inflation Target Extended to 2031 by Government
The Indian government has extended the Reserve Bank of India's mandate to maintain retail inflation at 4% with a tolerance band of 2-6% for another five years until March 31, 2031, continuing the flexible inflation-targeting framework.
Govt Sets 4% Inflation Target for RBI Until March 2031
The Indian government has formally requested the Reserve Bank of India to maintain retail inflation at 4% until March 2031, with a tolerance band of 2-6%, aiming for long-term economic stability.
How Government Can Protect Wallets from War Impact
Analysis of fiscal and monetary measures the Indian government can implement to safeguard household finances and economic stability amid international conflicts.
India's LPG Crisis Deepens Amid Middle East Conflict Disruptions
India faces a severe LPG shortage due to Middle East conflict disruptions, leading to panic buying, price hikes, and government interventions to prioritize household supply over commercial use.
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India Urged to Mobilize $10 Trillion Gold into Financial System
Former minister and market experts call for policy action to channel India's massive household gold holdings into financial instruments, aiming to reduce import reliance and boost economic contribution.
Investor: India's Future Lies in Execution, Not Rhetoric
At the Indiaspora Forum 2026, investor Himanshu Shah highlighted India's manufacturing potential, skills gap, and the need for aggressive public-private partnerships to drive growth.
Cabinet Approves Rs 28,840 Crore for Modified UDAN Scheme
The Union Cabinet has approved a Rs 28,840 crore Modified UDAN scheme to enhance regional air links, develop airports, and support affordable travel for underserved areas over ten years.
Govt: No LPG Shortage, PNG Priority Amid Fuel Supply Fears
The Indian government denies LPG shortages, prioritizes Piped Natural Gas, and assures adequate petrol and diesel supply while urging against panic buying amid rising concerns.
US Workers Stuck in Jobs, Losing Hope for Better Future: Gallup
Gallup data shows a quiet crisis in the American workplace: more workers are struggling than thriving for the first time in years, with declining engagement and belief in job mobility, despite staying in their roles due to economic fears.
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Trust-Based Tax System Core of Finance Bill 2026: FM
Finance Minister Nirmala Sitharaman announced that the Finance Bill 2026 centers on a trust-based tax administration to ease burdens for honest taxpayers, emphasizing economic reforms driven by conviction.
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