Economy
India Extends Medical Devices PLI Scheme to 2035–36, Opens Fresh Applications
India has extended its medical devices PLI scheme to 2035–36, with ₹2,700 crore available to support new manufacturing investments
Samir Kapoor
Economy
India’s Tea Industry Seeks Minimum Sustainable Price as Costs Surge
Five tea industry associations have backed a Tea Board panel’s proposal for a minimum sustainable price to address rising costs and protect growers.
Economy
India’s Net Direct Tax Collections Rise 11.76% to ₹14.42 Lakh Crore
Net direct tax collections rise 11.76% as corporate tax and STT receipts support the government's FY27 revenue position
Economy
Moody’s Raises India’s FY27 Growth Forecast to 7% on Strong Domestic Demand
Moody’s upgrades India's FY27 growth outlook as domestic demand and investment strengthen despite global economic uncertainty.
Economy
India Raises Rabi Fertiliser Subsidy to ₹62,370 Crore Amid Global Price Pressures
The Centre raises P&K fertiliser subsidy support for Rabi 2026–27 to ₹62,370 crore amid global price pressures
Economy
China’s Trade Surplus Crosses $1 Trillion as AI Exports Surge
China’s trade surplus crossed $1 trillion in the first ten months of 2026, driven by strong technology exports and growing global demand for AI infrastructure.
Economy
India Offers ₹2,814 Crore in Subsidies to Build Lithium and Nickel Processing Capacity
India's new ₹2,814 crore incentive scheme aims to attract ₹10,000 crore in investment and establish domestic lithium and nickel processing capacity.
Economy
India’s Services Sector Hits Four-Month Growth High, but Hiring Remains Weak
India's services activity reached a four-month growth high in October, but subdued hiring and weaker international orders reveal challenges beneath the expansion.
Markets
Indian Banks Face a Deposit Race as Loan Growth Continues to Outpace Savings
Indian banks are facing a deposit mobilisation challenge as lending growth continues to outpace savings, increasing competition for household funds.
Markets
NBFC Lending in India Reaches ₹61.7 Lakh Crore as Gold and Consumer Loans Surge
India's NBFC credit expanded 15.4% in September, led by retail lending, while industrial credit growth moderated.