ECONOMY


Moneylife Digital Team 03 December 2025
India’s services sector regained momentum in November, with business activity growth accelerating after a brief moderation in October, even as manufacturing output eased to a nine-month low. The seasonally adjusted HSBC India Services purchasing managers' index (PMI), compiled by S&P Global,...

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Moneylife Digital Team 28 November 2025
India’s economic growth remained firmly on an upward trajectory in the July–September quarter (Q2) of FY25-26, with real gross domestic product (GDP) rising 8.2%, according to the latest estimates released by the national statistics office (NSO). The performance marks a significant improvement...

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Moneylife Digital Team 26 November 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of ₹5 lakh on Reliance Securities Ltd following a thematic inspection that uncovered serious lapses in the broker’s cyber security, system resilience and compliance framework. The inspection, covering the...

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Moneylife Digital Team 26 November 2025
Apple Inc has approached the Delhi High Court challenging India revised competition law provisions that allow the competition commission of India (CCI) to levy penalties based on a company’s global turnover, a move the tech giant argues could result in excessive and disproportionate...

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India’s economy continues to post headline numbers that would make most finance ministers envious. Gross domestic product (GDP) is forecast to grow 7.4% in FY25-26, according to the National Institute of Public Finance and Policy (NIPFP). The baseline is 7.1% growth, rising to 8.8% in a sunnier...

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KBS Sidhu 11 November 2025
A universal complaint, beyond Gurgaon At weddings and on WhatsApp groups alike, the refrain is the same from Mumbai to Chennai, Bengaluru to Hyderabad: “Buying a home is out of reach.” That chorus reflects real pain—but it doesn’t automatically mean we’re in a classic bubble. To see what’s...

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Moneylife Digital Team 29 October 2025
In a strategic move reflecting shifting global financial realities, Reserve Bank of India (RBI) has repatriated nearly 64 tonnes of gold to its domestic vaults between March and September 2025, bringing the total gold held within India to 575.8 tonnes. The decision comes amid mounting global...

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Moneylife Digital Team 28 October 2025
India’s industrial output recorded a steady 4% year-on-year (y-o-y) growth in September 2025, buoyed by strong performance in manufacturing and infrastructure-related sectors, according to data released by the ministry of statistics and programme implementation (MoSPI) on Tuesday.   The index...

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Last week, Joel Mokyr, Philippe Aghion and Peter Howitt were honoured with The Sveriges Riksbank Prize in Economic Sciences in memory of Alfred Nobel. Mokyr has argued that societies flourish when—among other things—they nurture, develop and spread useful knowledge. Aghion and Howitt explain...

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Moneylife Digital Team 13 October 2025
India’s retail inflation dropped sharply to 1.545 in September 2025, the lowest level since June 2017, as prices of key food items such as vegetables, pulses, fruits and edible oils declined further, according to the National Statistical Office (NSO) data released on Monday.   The consumer...

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For decades, economists constantly lamented that we are spending too much on revenue expenditure and not enough on capital expenditure (capex). That complaint, at least, can be retired. In the past 11 years, the Narendra Modi government has spent close to Rs54 lakh crore on capex, about Rs38...

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Moneylife Digital Team 01 October 2025
As expected, the Reserve Bank of India (RBI), at its fourth monetary policy committee (MPC) meeting for FY25-26, decided to keep the repo rate, the central bank's rate for short-term loans to banks, by 50bps (basis points) unchanged at 5.5%. Consequently, the standing deposit facility (SDF)...

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Moneylife Digital Team 25 September 2025
India’s path to fiscal consolidation is increasingly being undermined by states’ rising deficits, even as the Union government continues on its commitment to lower debt levels, according to a new report by Emkay Global Financial Services (Emkay). The analysis suggests that while the Union...

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India’s goods and services tax (GST) council meeting on 3rd September unveiled what was billed as the most radical simplification of the levy since its introduction in 2017. From 22nd September, the country will move to two broad slabs—5% and 18%—with essentials such as foodgrains and fresh...

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Moneylife Digital Team 12 September 2025
India’s retail inflation, measured by the consumer price index (CPI), rose to 2.07% in August 2025 from 1.61% in July, according to data released by the Union ministry of statistics and programme implementation (MoSPI). The increase was driven by higher prices of vegetables, meat and fish, and...

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Moneylife Digital Team 10 September 2025
The US Supreme Court (SC) has agreed to decide whether president Donald Trump acted lawfully when he invoked emergency powers to impose sweeping global tariffs, setting the stage for a landmark battle over presidential authority and the future of America’s trade policy, say media...

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Prime minister (PM) Narendra Modi promised ‘next-generation’ GST (goods and services tax) reforms as a Diwali gift to India, triggering hopes of reduction and rationalisation of the tax into two primary slabs and an overall relief for all. However, businesses and consumers are watching with...

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The world seems to be in turmoil. There seem to be problems everywhere. It got me thinking about an article I had written 25 years ago (in Amar Ujala), in a similar situation - and I decided to reproduce it, since it is relevant:    "When we travel around the world, we cannot help noticing...

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Moneylife Digital Team 03 September 2025
Finance ministers from eight Opposition-ruled states met on Wednesday ahead of the 56th goods and services tax (GST) council meeting, seeking compensation for potential revenue losses following the proposed GST rate revisions.   The states—Himachal Pradesh, Jharkhand, Karnataka, Kerala,...

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Moneylife Digital Team 03 September 2025
Countering concerns that rationalising goods and services tax (GST) rates would dent revenue collections, an analysis by State Bank of India (SBI) on GST 2.0 argues that experience shows rationalisation tends to strengthen revenues over time, with the Union and state governments emerging as net...

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