Economy news

• District economy data: Govt issues uniform framework for district GDP estimates with 2022-23 base year

  03-06-2026 19:07 via timesofindia.indiatimes.com
  
  The statistics ministry has released a uniform framework for district-level economic output estimates with a revised base year of 2022-23. This move aims to enhance consistency and comparability of economic data across all states and Union Territories. The guideline, incorporating stakeholder feedback, standardizes concepts, data sources, and methodologies for compiling Gross and Net District Domestic Product and per capita income.
  
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• 'US firms benefit from Hormuz closure': Russian oil company chief's big claim amid Iran war

  06-06-2026 13:21 via timesofindia.indiatimes.com
  
  Rosneft CEO Igor Sechin stated American energy firms are the primary beneficiaries of a Strait of Hormuz closure, warning of long-term damage to oil demand and a boost for alternatives. He also highlighted global resource shortages and questioned OPEC+'s effectiveness, noting Russia's production decline and need for investment.
  
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• Can RBI shield rupee from further fall? Analysts expect up to $75 billion in fresh inflows

  06-06-2026 12:02 via timesofindia.indiatimes.com
  
  The Reserve Bank of India's recent monetary policy measures aim to bolster the rupee by attracting significant capital inflows, estimated between $40-75 billion. Despite rising inflation and revised growth forecasts, the Monetary Policy Committee is expected to maintain the repo rate at 5.25% with a neutral stance in August, prioritizing stability and external sector defense.
  
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• PM Modi chairs EAC meeting, discusses measures to boost India’s economic growth amid global turmoil

  06-06-2026 10:41 via timesofindia.indiatimes.com
  
  Prime Minister Narendra Modi met with the Economic Advisory Council to discuss strengthening India's economic growth amidst global uncertainty. The Reserve Bank of India kept the repo rate unchanged at 5.25%, citing geopolitical tensions and inflation concerns, while revising GDP growth and inflation projections downwards and upwards respectively for FY2026-27.
  
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• India's stock market mania hits milestone: NSE logs 26 crore trading accounts and counting

  06-06-2026 07:57 via timesofindia.indiatimes.com
  
  India's investor base has reached a new peak with over 26 crore unique trading accounts on the NSE. The exchange added the latest crore accounts in under four months, highlighting rapid growth beyond major financial hubs. This surge is fueled by digitalization, simpler KYC, and positive market performance, with individual investors now holding a significant market share.
  
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• E85 fuel to get Rs 20/litre cheaper as India ramps up ethanol push

  06-06-2026 06:49 via timesofindia.indiatimes.com
  
  India is launching E85 petrol, an 85% ethanol blend, at discounted prices. This move aims to boost clean fuel adoption and cut reliance on imported fossil fuels. The government plans a phased rollout of E85 dispensing stations nationwide. Vehicle manufacturers are introducing E85 compatible models. This initiative is expected to benefit farmers and save foreign exchange.
  
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• $1.3 trillion erased from Wall Street: Here's what slowed down AI rally

  06-06-2026 06:03 via timesofindia.indiatimes.com
  
  Tech stocks, particularly semiconductors, experienced a significant downturn Friday, driven by investor caution over AI valuations and robust US jobs data. The PHLX Semiconductor Index saw its steepest drop since March 2020, erasing billions in market value. This retreat follows a period of record highs, with strong employment figures fueling concerns about interest rate cuts.
  
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• Pocket-friendly packets: Why Indians are swapping big snack packs for smaller ones

  06-06-2026 04:46 via timesofindia.indiatimes.com
  
  Consumers are increasingly opting for smaller pack sizes of everyday goods, from edible oils to soaps, as rising costs strain monthly budgets. This shift, driven by economic stress and geopolitical factors, is leading FMCG companies to reduce grammage in popular low-priced packs to maintain affordability and protect profit margins.
  
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• GDP rose 7.7% in FY26, 7.8% in Q4; RBI trims this year's projection to 6.6%

  05-06-2026 23:34 via timesofindia.indiatimes.com
  
  India's economy surged by 7.8% in the Jan-March quarter, driven by strong investment, consistent farm output, and expansion in construction and tertiary sectors. This robust demand offset potential negative impacts from West Asian conflicts. The government remains committed to driving economic momentum through decisive policy measures.
  
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• Bulk deposit pricing to be more transparent, flexible

  05-06-2026 22:50 via timesofindia.indiatimes.com
  
  The Reserve Bank of India is introducing new rules for bank deposit interest rates. Banks must now publish their interest rate schedules online each morning and stick to them throughout the day. This ensures customers know the exact rates available. Additionally, banks can now consider withdrawal risk when setting rates for large deposits, adding a fourth factor to pricing.
  
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• Government ready to take more measures to insulate economy

  05-06-2026 22:47 via timesofindia.indiatimes.com
  
  The Indian government is preparing further policy steps to protect the economy from the West Asia conflict. These measures will ensure sufficient availability of goods and raw materials. The focus is on stabilizing the Indian currency and foreign exchange flows. Additional measures will be announced as needed. The government is closely monitoring trade deficits and potential impacts on subsidies.
  
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• G-Secs rally as govt and RBI ease foreign investing rules

  05-06-2026 22:13 via timesofindia.indiatimes.com
  
  Government and RBI measures to boost foreign investment in government securities led to a bond rally, with benchmark 10-year G-Sec yields softening. Exemptions from long-term capital gains and withholding taxes for FPIs in G-Secs, along with expanded investment options, are seen as positive for the fixed income market.
  
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• Mutual fund houses restrict investments into gold ETFs, FoFs

  05-06-2026 22:09 via timesofindia.indiatimes.com
  
  Leading mutual fund houses, including HDFC, ICICI Prudential, and Nippon India, are temporarily restricting large lump-sum investments in gold ETFs and fund of funds. This move aligns with the government's policy to discourage gold purchases, following an increase in import duty. The restrictions primarily target large investors, with exceptions for authorized participants and market makers, while SIPs remain largely unaffected.
  
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• RBI cuts growth, hikes inflation forecast as West Asia crisis bites

  05-06-2026 22:00 via timesofindia.indiatimes.com
  
  The RBI maintained the repo rate at 5.25% amidst economic slowdown fears and rising inflation risks from the West Asia conflict.Governor Sanjay Malhotra signaled concern over generalized inflation, cutting the FY27 growth forecast to 6.6% and raising inflation projections to 5.1%.
  
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• India's FPI debt inflows reached 62% of cumulative equity at $95.5 billion since FY99; $19.3 billion since FY25: Report

  05-06-2026 19:22 via timesofindia.indiatimes.com
  
  Foreign investors are increasingly favoring India's debt market, with FPI debt inflows comprising a significant portion of overall foreign capital. This trend is boosted by global bond index inclusion and easier access routes.With attractive real yields and a stable currency outlook, India is poised for more debt investments, crucial for managing the current account deficit and supporting the rupee.
  
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• Govt extends tenure of RBI deputy governor Swaminathan J for two years

  05-06-2026 19:05 via timesofindia.indiatimes.com
  
  The government has extended the tenure of Reserve Bank Deputy Governor Swaminathan Janakiraman for another two years, effective June 26, 2026. Janakiraman, who was initially appointed in June 2023, will continue in his role as the central bank maintains its four-deputy governor structure.
  
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• Rupee jumps 56 paise to 95.18 vs US dollar after RBI announces forex-support measures

  05-06-2026 18:50 via timesofindia.indiatimes.com
  
  The rupee surged 56 paise to 95.18 against the US dollar following RBI's measures to attract foreign capital and boost forex liquidity. These policy announcements, including expanding the Fully Accessible Route and removing taxes on foreign investment in G-Secs, improved investor sentiment. Analysts expect further appreciation if oil prices remain below $100 a barrel.
  
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• OIL reports presence of natural gas in its third exploratory well in Andaman block

  05-06-2026 18:06 via timesofindia.indiatimes.com
  
  State-run Oil India Limited (OIL) has reported the discovery of natural gas in its third exploratory well, Vijayapuram-3, in the Andaman shallow offshore block. This finding further indicates the hydrocarbon potential in the region, following a previous discovery in the Vijayapuram-2 well. OIL is now undertaking further studies and plans appraisal wells to evaluate the block's potential.
  
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• At 7.7%, India's GDP growth in FY26 beats slowdown predictions; but will the momentum continue amid US-Iran war?

  05-06-2026 17:42 via timesofindia.indiatimes.com
  
  What does the GDP data tell us about India’s economic prospects? Will the real hit from the US-Iran conflict reflect in the first quarter GDP numbers? And, is India’s long-term growth story under threat? Let’s take a look:
  
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• India-US trade deal talks: Both sides hold 'positive and constructive' negotiations, says MEA

  05-06-2026 17:28 via timesofindia.indiatimes.com
  
  India and the US have concluded "positive and constructive" trade talks, signaling progress towards a bilateral agreement. Discussions covered goods, non-tariff measures, and economic security. Both nations reaffirmed their commitment to advancing the pact, with a US envoy noting only a small percentage of issues remain unresolved, suggesting an imminent finalization.
  
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• Unicorn in the USA: Indians aren't stealing American jobs; they are building entire HR departments

  05-06-2026 17:15 via timesofindia.indiatimes.com
  
  Immigrants are driving America's innovation, founding 59% of billion-dollar startups, known as unicorns. People of Indian origin lead this trend, establishing 96 such companies. These ventures employ thousands and contribute trillions to the U.S. economy, challenging narratives of immigrants harming the job market. International students also play a crucial role in this entrepreneurial surge.
  
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• US stock markets today (June 5, 2026): S&P 500, Nasdaq fall as tech stocks slide; strong jobs data dims rate-cut hopes

  05-06-2026 16:27 via timesofindia.indiatimes.com
  
  Indian markets reacted to global cues as US stocks tumbled, led by tech giants like Nvidia, following a robust jobs report dampening interest rate cut hopes.Rising oil prices, fueled by Middle East tensions, also contributed to investor caution.Asian markets mirrored the downturn, with South Korea's Kospi seeing a significant drop.
  
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• 'Ocean of energy opportunities reinforced': Oil India discovers natural gas in Andaman Sea deepwater well - watch

  05-06-2026 16:13 via timesofindia.indiatimes.com
  
  Oil India Limited has discovered natural gas in the Andaman Sea at the "Sri Vijayapuram-3" exploratory well. This significant find, located 15 km off the Andaman Islands, was confirmed through continuous flaring during initial production testing. The discovery is part of the government's "Samudra Manthan Mission" to boost offshore exploration.
  
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• 'Reform Express' to drive economic momentum amid global challenges: FM Sitharaman

  05-06-2026 16:02 via timesofindia.indiatimes.com
  
  Finance Minister Nirmala Sitharaman affirmed the government's commitment to economic reforms despite global challenges, even as the RBI lowered its FY27 growth forecast. The government highlighted strong FY26 performance and introduced tax exemptions for foreign investors in government securities to attract capital.
  
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• Pakistan's $35 billion trade deficit rings alarm bells as PKR faces pressure despite forex gain

  05-06-2026 15:39 via timesofindia.indiatimes.com
  
  Pakistan's foreign exchange reserves are nearing the $18 billion target, yet a widening trade deficit and upcoming debt payments raise economic stability concerns. Analysts warn the reserve build-up masks deeper vulnerabilities, with the rupee facing depreciation pressure. A soaring trade gap and potential decline in remittances could challenge the nation's financial outlook.
  
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• Protecting rupee, forex & economy: Will government, RBI measures on attracting foreign capital help?

  05-06-2026 15:38 via timesofindia.indiatimes.com
  
  India’s balance of payments may see a third consecutive year of deficit, and the rising crude oil prices are threatening to expand the current account deficit. So what’s the solution to the problem?
  
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• 'Success of reforms and hard work of 140 crore Indians': PM Modi hails 7.7% GDP growth in FY26

  05-06-2026 15:03 via timesofindia.indiatimes.com
  
  India's economy achieved a strong 7.7% growth in FY26. This expansion highlights the nation's inherent economic strength. Prime Minister Narendra Modi attributed this success to effective reforms and the diligent efforts of 140 crore Indians. The government remains committed to improving ease of living and doing business. This growth creates new opportunities for the country's youth.
  
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• India can return to 7% growth by FY28 despite near-term risks, says CEA Nageswaran

  05-06-2026 14:40 via timesofindia.indiatimes.com
  
  India can reclaim over 7% growth by FY28 through stable economics and supply improvements, contingent on better external factors, according to Chief Economic Adviser V Anantha Nageswaran. Despite the RBI's lowered FY27 forecast to 6.6% due to global price hikes and disruptions, Nageswaran remains optimistic. He anticipates nominal GDP growth will surpass the budget's 10.1% estimate.
  
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• India's forex reserves rise $938 million to $682.32 billion

  05-06-2026 13:58 via timesofindia.indiatimes.com
  
  India's foreign exchange reserves rebounded by $938 million to $682.321 billion in the week ending May 28, reversing the previous week's decline. This rise was primarily driven by an increase in foreign currency assets, despite a dip in gold reserves. The overall reserves had previously fallen due to Middle East conflict-related interventions.
  
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• ‘Preferential access over competitors’: Piyush Goyal says first phase of India-US trade deal likely by next month

  05-06-2026 13:52 via timesofindia.indiatimes.com
  
  India and the US are making rapid progress towards resolving the remaining issues in their proposed interim trade arrangement, with both countries expected to implement the first phase of the agreement by the middle of next month, Goyal said.
  
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