Economics
Trade, fiscal policy, banking, agriculture and economic indicators
GST collections hit all-time high of ₹2.42 lakh crore in April
Gross GST collections in April 2026 stood at ₹2,42,702 crore, an 8.7% year-on-year increase over ₹2,23,265 crore in April 2025, marking the highest single-mo...
West Asia conflict may trigger $800 billion capex boost for India, but oil and fertiliser risks remain: Morgan Stanley
Morgan Stanley projects that India could attract up to $800 billion in cumulative investment over the next five years as a direct consequence of rising globa...
‘World’s widest underground tunnel’—Mumbai-Pune ‘missing link’ opens with a Guinness World Record
The Mumbai-Pune Expressway 'Missing Link' project was inaugurated on 1 May 2026 — Maharashtra Day — with the opening of two new tunnels completing the previo...
Centre to sustain capex push despite fiscal stress due to global uncertainties: FinMin Official
Despite mounting fiscal pressures from global economic headwinds, the government has affirmed that its capital expenditure (capex) programme will be protecte...
Karnataka government launches India’s first digital grievance redressal system for gig workers
On Labour Day (1 May 2026), Karnataka launched India's first digital grievance redressal system specifically for platform-based gig workers. The mechanism ha...
UPI hits record scale: 24,162 crore transactions worth ₹314 lakh crore in FY26
India's Unified Payments Interface (UPI) recorded 24,162 crore transactions worth ₹314 lakh crore in FY 2025-26, marking the highest annual volume and value ...
India, UAE trade pact helps boost bilateral trade to cross $100 billion: Goyal
Bilateral merchandise trade between India and the UAE has crossed USD 100 billion, with the third Joint Committee meeting on the Comprehensive Economic Partn...
Trump says he’ll place 25% tariff on automobiles from EU, accusing bloc of not complying with trade deal
On May 1, 2026, the US announced it would raise tariffs on automobiles and trucks imported from the European Union to 25%, invoking Section 232 of the Trade ...
Centre, states collect record ₹2.43 trillion in gross April GST revenue
The combined gross GST revenue collected by the Centre and all states for April 2026 reached approximately ₹2.43 lakh crore (₹2,42,702 crore), marking the hi...
India stays on USTR priority watch list on IPR
India continues to figure on the USTR Priority Watch List in the 2026 Special 301 Report, published April 30, 2026 — a position it has held continuously sinc...
India’s gross GST collections hit record Rs 2.42 lakh crore in April, up 8.7%
India's gross GST revenue for April 2026 stood at ₹2,42,702 crore, the highest monthly collection since GST was launched in July 2017. This represents an 8.7...
Fertiliser output steady despite West Asia crisis; govt secures 37 lac ton urea imports for kharif
Despite the ongoing West Asia conflict disrupting global energy and shipping routes, India's domestic fertiliser production has remained broadly stable. Dome...
Rain check! A dry economic switch may add to Indians' war-led shocks
India's 2026 southwest monsoon season is forecast to be below normal — the first below-normal monsoon in three years — driven by a return of El Nino conditio...
US raises concerns at India’s duties on IP-intensive goods, source code, AI working paper
The USTR's 2026 Special 301 Report, released April 30, raises specific concerns about two areas of Indian policy beyond pharmaceutical patents: high import d...
India, UK discuss ways to boost bilateral trade
India and the UK held a virtual bilateral meeting to advance trade and investment cooperation, with discussions centred on operationalising the Comprehensive...
US Trade Representative retains India on priority watch list on IPR; Vietnam faces toughest scrutiny
The United States Trade Representative (USTR) released its annual Special 301 Report on April 30, 2026, retaining India on the Priority Watch List for intell...
Give our bullion back: India wants its gold under own lock and key
The Reserve Bank of India (RBI) has significantly accelerated the repatriation of India's gold reserves stored overseas, bringing back 168.06 metric tonnes d...
Govt to continue with budgeted capex despite fiscal stress due to global uncertainties: Official
Despite fiscal stress arising from global trade-war-related uncertainties and potential revenue shortfalls, the Union government has affirmed its commitment ...
Mines Ministry deems 58 companies eligible to participate in critical minerals recycling scheme
The Ministry of Mines has approved 58 companies as eligible participants under the Incentive Scheme for Promotion of Critical Mineral Recycling, a flagship c...