Topic
india economy
Business GST Boost: Maharashtra Emerges as India’s Top State Tax Contributor, Says India Ratings
Maharashtra has become the largest contributor to state tax revenue under GST, driven by high consumption and a large services sector. India Ratings & Research reports a sharp improvement in tax buoyancy and a doubling of the taxpayer base since the reform. The state's share rose to 20.4% in the post-GST period.
Business NSE Flags Monsoon and El Niño Risks as India's 2026 Economy Faces Critical Challenges
The National Stock Exchange (NSE) warns that monsoon performance and El Niño are key risks for India's 2026 economy, with the IMD forecasting rainfall at just 90% of the long-period average. Simultaneously, India's equity investor base has expanded to 13.1 crore, with younger and more diverse participation, though trading activity remains heavily concentrated among large investors.
Business Northeast Can Become India's Next Growth Engine via Organic Farming, Says Finance Minister
Union Finance Minister Nirmala Sitharaman stated that the Northeast region has the potential to become India's next growth engine by leveraging sustainable agriculture and premium organic produce. She inaugurated the Northeast's largest organic spice processing plant in Meghalaya, operated by Eastern Ri-Bhoi Organic Farmer Producer Company Ltd.
Trade Invest in India Before It's Too Late, Piyush Goyal Tells Investors at Bharat Innovates 2026 in Nice
Union Minister Piyush Goyal called on investors and venture capital funds to invest in India now, stating the investment ecosystem is ready and the government will help connect with opportunities. He also urged domestic industries to partner with startups for manufacturing and to leverage free trade agreements to make India a global launchpad.
Business Dalal Street Cheers US-Iran Peace Deal, Oil Slide; Sensex Rises for Fourth Day
The BSE Sensex rose 544 points to 76,808, marking its fourth consecutive gain, driven by the US-Iran peace deal and a sharp drop in crude oil prices. Brent crude fell below $80/barrel for the first time in over three months. Meanwhile, the government's offer for sale in GIC received strong investor response, with plans to raise about Rs 3,000 crore.
Business India Government Sees GDP Momentum Intact, No Extra Borrowing Needed Despite Middle East Crisis
The Indian government remains confident in its growth outlook despite rising fuel and fertiliser import costs from the Middle East crisis, with sources saying GDP momentum is intact and no additional borrowing is needed. The government targets a fiscal deficit of 4.3% of GDP for FY27 and plans to reassess macroeconomic conditions in July after Q1 growth data.