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Recent 6 months news in Economy

29 News
8 May 2026 ECONOMY

The Ministry of Finance (MoF) has notified the “Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2026”, allowing 100% Foreign Direct Investment (FDI) in Indian insurance companies and intermediaries through the automatic route.

It is to be noted that foreign investment in the Life Insurance Corporation of India (LIC) remains restricted to a maximum of 20% under the automatic route.

8 May 2026 ECONOMY

The National Statistics Office (NSO) has notified uniform guidelines for the compilation of Gross State Value Added (GSVA), designating 2022-23 as the new base year.

It is to be noted that 34 States and Union Territories (UTs) currently use 2011-12 as the base year for Gross State Domestic Product (GSDP) estimates, except for Lakshadweep and Dadra and Nagar Haveli and Daman and Diu. The Ministry of Statistics and Programme Implementation (MoSPI) seeks to onboard all States and UTs under the new series.

28 April 2026 ECONOMY

The Government of India (GoI) has expanded the scope of the “Resilience & Logistics Intervention for Export Facilitation” (RELIEF) scheme under the Export Promotion Mission (EPM) by including Egypt and Jordan as eligible destinations. The initiative aims to assist exporters of India in mitigating logistics disruptions and escalating costs resulting from the prevailing geopolitical situation in West Asia.

24 April 2026 ECONOMY

According to a report titled “Economic and Social Survey of Asia and Pacific 2026: Socioeconomic Prosperity Amid the Transition to an Environmentally Sustainable Economy” released by the UN Economic and Social Commission for Asia and the Pacific (ESCAP), the economy of India is projected to grow at 6.4% in Calendar Year 2026 (CY26) and 6.6% in CY27.

The inflation of India is expected to reach 4.4% in CY26 and 4.3% in CY27. The growth rate of the South and South-West Asia region is estimated at 5.4% in CY25, which is an increase from 5.2% in CY24. During the first three quarters of CY26, India attracted the largest share of greenfield Foreign Direct Investment (FDI) worth $50 billion. It is followed by Australia, Republic of Korea, and Kazakhstan.

23 April 2026 ECONOMY

According to a report by the State Bank of India (SBI), the GDP growth of India for FY26 is estimated at 7.6% and for FY27 it is projected to range between 6.8-7.1%. The report also estimated India’s average inflation at 4.5% and the fiscal deficit between 4.5-4.6%.

20 April 2026 ECONOMY

According to the government data, China has emerged as the largest trading partner of India for FY26, with total bilateral trade reaching $151.1 billion. The country has replaced the USA, which served as the primary trading partner of India for four consecutive years until FY25.

The trade deficit between India and China widened to $112.16 billion. During this period, the exports of India to China increased by 36.66% to $19.47 billion, while imports from China grew by 16% to $131.63 billion.

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