BUSINESS
India’s Private Sector Shows Acceleration in August Performance
The HSBC Flash India Composite Output Index rose to 65.2 in August from 61.1 in July, the report added. The index measures joint activity in both the manufacturing and services sectors.
Indian Exports to China Surge 20% in Q1 Amid Improving Relations
The exports cumulatively amounted to $5.76 billion during the first four months, a 20% gain from $4.80 billion in the same period in 2024-25. The growth has been led mostly by energy, electronics, and farm products, and is hoped to help offset losses due to US tariffs to some extent.
GoM Endorses 2-Slab GST Framework; Final Call Awaited at Next Council Meeting
The suggestion, made to the six-member group led by Bihar Deputy Chief Minister Samrat Choudhary, proposes consolidating the existing four-tier system of 5, 12, 18, and 28 percent into two main slabs.
India’s Retail Market to Surge to $1.93 Trillion by 2030: Report
The report also points out that shifting trade patterns, new Free Trade Agreements (FTAs), and tariff changes are enhancing the competitiveness of Indian exports.
India Keeps Importing Russian Oil, Says First Deputy PM Manturo
"We continue to export fuel, including crude oil and oil products, thermal and coking coal. We also see prospects for exporting Russian LNG," Manturov said while co-chairing the 26th session of the India-Russia Intergovernmental Commission on Trade, Economic, Scientific-Technological and Cultural Cooperation (IRIGC-TEC).
HAL Secures Rs 62,000-Crore Tejas Fighter Jet Order, Stock Surges
"We would like to inform that, as intimated by the Ministry of Defence, Cabinet Committee of Security (CCS) on August 19, 2025 has cleared the proposal for acquisition of 97 Light Combat Aircraft Mk-1A along with related equipment by the Ministry of Defence, for Indian Air Force from the Company," HAL said in an NSE filing.
Nomura Maintains India’s FY26 Growth Forecast at 6.2% Following GST Rate Rationalisation
The Japanese financial services company's forecast comes amid the government working towards a much-anticipated revamp of the Goods and Services Tax (GST) structure.
GST Rate Changes Could Boost Consumption by Rs 1.98 Lakh Cr, Revenue Loss Estimated at Rs 85k Cr: Report
According to the Centre's plan for a 'next-gen GST,' the Goods and Services Tax would have a two-rate system of 5% and 18%, based on whether products are tagged as 'merit' or 'standard.' On top of that, there would be a 40% tax on a small set of 5–7 goods, including demerit ones such as pan masala and tobacco.
India’s Growth Momentum Unshaken by US Tariffs: S&P Global Ratings
The international rating agency upgraded India's long-term sovereign credit rating on Tuesday to "BBB" with a stable outlook, the first such upgrade in 18 years. The move, S&P said, was prompted by strong economic performance, fiscal consolidation, and a monetary policy regime that has proved useful in containing inflation.
India's GDP to Grow at 6.7% in Q1 of FY26, Beating RBI's 6.5% Forecast: ICRA
ICRA estimates gross value added (GVA) growth at 6.4 per cent in Q1 FY2026, from 6.8 per cent in the last quarter, on account of softer performance in industry and agriculture, offset to some extent by resilience in the services sector.
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