ECONOMY


In late-2010, Andreas Georgiou, a former International Monetary Fund economist, was parachuted into Athens by the European Union (EU) and IMF at the height of the euro-zone crisis to head the Hellenic Statistical Authority (Elstat), Greece’s new statistical agency. His task seemed innocuous:...

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Moneylife Digital Team 03 September 2026
India’s services sector regained some momentum in August, with stronger output and a rise in new business helping activity expand faster than in the previous month. However, the pace of growth remained subdued by recent standards, with the sector recording its second-weakest expansion since...

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Moneylife Digital Team 01 September 2026
India’s real gross domestic product (GDP) grew 7.8% year-on-year (y-o-y) in the first quarter (Q1) of FY26-27, signalling continued expansion despite global economic headwinds, according to the latest estimates released by the Union ministry of statistics and programme implementation...

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For years, India was the emerging market that global investors worried about not owning. Now it has become the one they seem quite comfortable doing without. IIn Bank of America’s (BofA) latest Asia Fund Manager Survey, India has replaced Indonesia as the least-preferred Asian stock market. The...

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Moneylife Digital Team 18 August 2026
Skymet Weather Services, India's largest private weather forecasting agency, has issued its starkest monsoon warning of the year, slashing its 2026 rainfall forecast and placing the probability of a nationwide drought at 70%, a 7-in-10 chance that this year will go down in the record books as a...

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What is the path to economic prosperity? The standard answers tend to come in the form of models, policies and plans of action. Economists have spent decades refining them. Yet to conclude that the right policies and models will, by themselves, produce prosperity “is like believing that eggs,...

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Moneylife Digital Team 05 August 2026
The Reserve Bank of India (RBI) on Wednesday kept its benchmark repo rate unchanged at 5.25%, opting for caution amid growing uncertainty over the economic impact of the ongoing conflict in West Asia, rising crude oil prices and global supply disruptions.   The decision marks the third...

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Moneylife Digital Team 28 July 2026
India's industrial output accelerated to 7.3% in June 2026 from 5.1% in May, driven by stronger manufacturing activity and robust growth in the electricity and gas supply sector, according to data released by the national statistics office (NSO) on Tuesday.   The latest figures mark the third...

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It is widely assumed that India will sustain a 7%-8% annual growth rate in gross domestic product (GDP) for the next few decades and will soon reach the upper-middle income category and even the high-income country category. On the surface, the momentum looks impressive. Sleek new expressways...

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Moneylife Digital Team 15 July 2026
India has introduced the index of services production (ISP), its first high-frequency indicator to measure the output of the services sector. The new index is expected to improve economic monitoring, strengthen national income estimates and support evidence-based policy-making.   The launch...

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Moneylife Digital Team 14 July 2026
India's wholesale price inflation accelerated to 9.87% in June from 9.68% in May, driven by higher prices of food articles, petroleum products, chemicals and basic metals, according to provisional data released by the Union ministry of commerce and industry on Tuesday. The All-India wholesale...

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Moneylife Digital Team 13 July 2026
The comptroller and auditor general (CAG) has flagged serious financial irregularities in the implementation of the Maharashtra government's flagship Mukhyamantri Majhi Ladki Bahin Yojana, pointing to excess expenditure of ₹3,541.16 crore, poor budget estimation, weak financial controls and the...

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Moneylife Digital Team 08 July 2026
The average cost of preparing both vegetarian and non-vegetarian meals at home increased in June due to a sharp rise in tomato prices, firm onion and edible oil prices and higher liquefied petroleum gas (LPG) cylinder costs, according to CRISIL Intelligence's latest Roti Rice Rate (RRR) report....

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KBS Sidhu 02 July 2026
I. The Applause Line At the IX US-India Strategic Partnership Forum (USISPF) Leadership Summit, the United States Ambassador to India, Sergio Gor, delivered a statistic designed to flatter both sides of the relationship. The US embassy in New Delhi, he announced, had facilitated US$20.5bn...

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Moneylife Digital Team 24 June 2026
S&P Global Ratings has projected that India's economic growth will slow to 6.6% in the fiscal year ending March 2027 from an estimated 7.7% in FY25-26, citing rising energy costs, expectations of a below-normal monsoon and slowing global growth.   In its latest report, Economic Outlook...

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Despite the obvious impact of the war in Iran, the only visible blot in the official narrative of stellar economic growth has been the 11%–12% slide in the Indian rupee. According to official data, India’s real gross domestic product (GDP) grew 7.7% in the quarter ending March 2026, while the...

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Moneylife Digital Team 17 June 2026
Central banks across the world are expected to continue increasing their gold holdings over the coming years as geopolitical tensions, economic uncertainty and a gradual shift away from the US dollar drive reserve diversification strategies, reveals the latest survey by the World Gold Council...

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Moneylife Digital Team 15 June 2026
India may be better prepared than in previous El Niño years to withstand the impact of a below-normal monsoon, aided by stronger reservoir levels, record foodgrain stocks and government contingency measures, but risks to agriculture, rural demand and food inflation remain, says a report by...

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Moneylife Digital Team 15 June 2026
The Union ministry of commerce and industry on Monday unveiled a revised wholesale price index (WPI) series with FY22-23 as the new base year, marking a significant overhaul of India's inflation measurement framework. The government also reported wholesale inflation of 9.68% for May...

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Once again, only after India has stumbled into a mini foreign-exchange crisis, is the government contemplating reforms. According to news reports, New Delhi is preparing measures to support the rupee and finance a widening current-account deficit. These may include reducing long-term...

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