New Delhi, July 9 (IANS) India’s economy is projected to grow 6.6 per cent in FY27, with the country expected to remain among the world’s fastest-growing major economies despite global headwinds, supported by policy measures and strong services exports, a report has said.The report by the Asian Development Bank (ADB) highlighted that its revised FY27 growth projection remains higher than the International Monetary Fund’s (IMF) latest FY27 growth estimate of 6.4 per cent.”Growth will be supported…
Latest Fiscal Year 2027 News & Updates
New Delhi, June 22 (IANS) Easing Middle East tensions and recent policy measures by the Reserve Bank of India and the government have eased near‑term stress on the Indian rupee, a report said on Monday.The report from Elara Securities said the domestic currency could appreciate against the American dollar in H1 FY27, as current account pressures reduce and flows improve, keeping the rupee oscillating within a 93‑95 range.If the US Federal Reserve raises rates, as expected with a 50 basis‑p…
Washington, June 6 (IANS) The US House of Representatives has narrowly passed a $26.3 billion agriculture spending bill, advancing Republican priorities on farm support, food safety, rural development and national security despite Democratic objections that the measure cuts nutrition and other domestic programmes. The Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act for fiscal year 2027 passed the House by a vote of 213-210 and now moves to th…
Washington, May 21 (IANS) The International Monetary Fund (IMF) has said its staff mission had held “constructive discussions” with Pakistani authorities on the country’s economic situation, including the fallout from the ongoing conflict in the Middle East, while reviewing Islamabad’s reform commitments and budget strategy for fiscal year 2027.An IMF mission led by Iva Petrova visited Islamabad from May 13 to 20. The talks focused on recent economic developments, implementation of refor…
New Delhi, March 2 (IANS) India’s active pharmaceutical ingredient (API) market, currently valued at about $15–16 billion, is projected to grow at a compound annual growth rate of 5–7 per cent in FY27 and FY28, a report said on Monday.The report from CareEdge Ratings said the growth will be driven by favourable government policies, a structural shift toward high‑potency and complex APIs, rising domestic demand and deeper penetration into regulated and emerging markets.Indian pharma firms…
New Delhi, Jan 30 (IANS) As India gears up to table the Union Budget 2026-27 in Parliament on February 1, investors are likely to be focused on the debt metrics, deficit outcome and scheduled borrowings for the next year Budget to align with strategic objectives, a report showed on Friday.The size of borrowings will be an important consideration for the bond markets, said a note by DBS Bank.“Given our underlying math and deficit target, we expect FY27 net borrowings to rise to Rs 12 lakh crore…