Economy News ( English version)

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  • CPSE Capex reached 74.5% of target by December, set to exceed annual target by fair margin January 8, 2026
    The Capex for the month of December alone increased by 9.28% to Rs 70,000 crore, with many enterprises exceeding their annual budget target. The growth was led by the Railway board and National Highway Authority of India(NHAI) as they remained the highest spenders.
  • 61,000 crorepati taxpayers added in last one year January 8, 2026
    India saw a significant rise in wealthy taxpayers. Over 61,000 new individuals joined the crorepati club, bringing the total to 351,000. The number of super-rich individuals, earning over ₹10 crore, also grew substantially. Improved tax compliance and advanced data analytics are credited for this expansion. This trend reflects a growing economy and better ad […]
  • New tariff threat more of a pressure tactic: Oil industry January 8, 2026
    In a striking political maneuver, US President Donald Trump is endorsing legislation that would impose a staggering 500% tariff on Russian oil purchasers. Indian oil executives perceive this as a tactical pressure play in ongoing trade negotiations rather than a serious ultimatum. The intention appears to be to coerce India while nudging Russia towards a mor […]
  • Budget may roll out ₹23,000 crore incentives to boost local capital goods manufacturing January 8, 2026
    India may introduce incentive packages totaling up to ₹23,000 crore in the union budget for FY 2026-27 to boost domestic manufacturing of high-value capital goods. Schemes for construction equipment and automotive sectors are nearing finalization, aiming to reduce import reliance and strengthen global value chains.
  • UN raises India's 2026 GDP forecast to 6.6%, pegs next yr's growth at 6.7% January 8, 2026
    India's economic horizon shines bright with projections of 6.6% growth by 2026 and 6.7% by 2027, as forecasted by the UN. This surge is fueled by vigorous consumer activity and substantial public investments. With supportive policy initiatives in place, India's position as one of the world's fastest-evolving economies is firmly established. […]

 

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