New Delhi, Jan 7 (IANS) India’s real GDP growth rate has been projected at 7.4 per cent in FY 2025-26, up from 6.5 per cent during FY 2024-25, according to the advanced estimates released by the Ministry of Statistics on Wednesday.The buoyant growth in the services sector has been found to be a major driver with a robust growth of 9.9 per cent at constant prices in FY 2025-26 for financial services, real estate, professional services, and public administration.Trade, hotels, transport, and com…
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New Delhi, Jan 7 (IANS) India’s equity markets could provide robust returns in near future due to impressive valuations, trailing performance, macro stability and the growth cycle, a report said on Wednesday.The report from MS Research predicted a 13 per cent upside for BSE Sensex to touch 95,000 by December 2026 citing a 50 per cent probability.The firm assumed continued fiscal consolidation, higher private investment and a positive gap between real growth and real rates to provide this base …
New Delhi, Jan 7 (IANS) India’s tax collections could surge in FY27, with gross tax buoyancy rising to 1.1 from a projected 0.64 in FY26, a report said on Wednesday.The report from HDFC Bank said that nominal GDP growth is expected at about 10.1 per cent in FY27 after an estimated 8.5 per cent in FY26. It said that capital expenditure is expected to grow by 10.5 per cent to about Rs 11.5–12 lakh crore while revenue expenditure may rise 9.5 per cent to Rs 41.9 lakh crore.The government’s fiscal…
New Delhi, Jan 6 (IANS) Rural India emerged as the key growth driver for passenger vehicle sales in 2025, outpacing urban markets as demand expanded beyond major cities, data released by the Federation of Automobile Dealers Associations (FADA) on Tuesday showed.The rural passenger vehicle sales grew 12 per cent during the year, compared with an 8 per cent rise in urban areas.Total passenger vehicle sales climbed to 4.47 million units in 2025, up from 4.1 million units in 2024, the data said.The …
New Delhi, Jan 6 (IANS) India is expected to deliver another year of relatively strong economic growth in 2026-27 despite the global uncertainties that continue to cloud the outlook, according to a report released by India Ratings and Research on Tuesday.The report projects India’s real GDP growth to be 6.9 per cent in FY27, easing from an estimated 7.4 per cent in FY26.According to the agency, India’s strong macro fundamentals and recent policy measures undertaken by the government should h…
Mumbai, Jan 6 (IANS) India’s insurance sector is expected to deliver a satisfactory operating performance in Q3 FY26, supported by favourable GST-related tailwinds across life, general and health insurance segments, a report showed on Tuesday.While premium growth momentum is likely to strengthen, profitability metrics are expected to remain under pressure amid GST input tax credit (ITC) losses, elevated commission payouts and regulatory adjustments, said the report by Emkay Global Financial Se…
Bengaluru, Jan 5 (IANS) In a significant blow to tax evasion networks plaguing India’s Goods and Services Tax (GST) system, the Enforcement Wing (South Zone) of Karnataka’s Commercial Taxes Department has exposed and dismantled a sprawling interstate fake invoicing cartel.Operating across Karnataka and Tamil Nadu, the syndicate orchestrated fraudulent transactions totalling a staggering Rs 1,464 crore in building materials like cement, iron, and steel, leading to the wrongful claiming and passin…
New Delhi, Jan 3 (IANS) The Indian auto sector closed the last quarter of calendar year 2025 on a strong footing, supported by GST tailwinds, improving macroeconomic conditions and positive rural sentiment. Despite some month-on-month moderation after the festive season, year-on-year growth remained robust across most segments, highlighting sustained demand momentum.According to the latest December 2025 Auto Sales Report by Asit C. Mehta Investment Interrmediates Ltd (ACMIIL), retail traction st…
New Delhi, Jan 3 (IANS) In clear signs of a pick-up in investment intentions in the country, the momentum strengthened in the first nine months of FY26, with Rs 26.62 lakh crore worth of new investment announcements, significantly higher than Rs 23.88 lakh crore in the same period last year, according to a new report.This is on the back of a very positive policy package of the government which has focussed on capex, lowering of income tax rates and GST 2.0.Infrastructure-led sectors dominated in…
New Delhi, Jan 2 (IANS) The Federation of All India Farmer Associations (FAIFA) on Friday urged the government to roll back the notified excise rates on tobacco products and revise them to revenue-neutral rates, to disincentivise smuggling, and support domestic agriculture.A stable taxation framework, FAIFA noted in a statement, is necessary to sustain farmer incomes, protect employment across the value chain, and align economic policy with long-term public health goals.The Ministry of Finance n…