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India's fiscal deficit for the period of April to October reached ₹8.25 lakh crore, accounting for 52.6% of the total estimated deficit for the financial year ending March 31, according to government data released on Friday. Net tax receipts fell to ₹12.74 lakh crore, down from ₹13.05 lakh crore during the same period last year, while non-tax revenue increased to ₹4.89 lakh crore, up from ₹4 lakh crore a year earlier. Total government expenditure rose to ₹26.26 lakh crore, compared to ₹24.7 lakh crore in the previous year. Notably, capital expenditure, which focuses on infrastructure development, surged to ₹6.18 trillion, significantly higher than the ₹4.7 lakh crore recorded a year prior. These figures highlight the ongoing fiscal challenges and the government's efforts to boost infrastructure spending amid fluctuating revenue streams. 
Published: Nov 28 2025, 4 pmeznews.inIndia's economy has outperformed expectations, growing by 8.2% in the July-September quarter of fiscal year 2025-26, according to the Statistics Ministry. This marks an increase from 7.8% in the previous quarter and a significant rise from 5.6% in the same period last year. The nominal GDP also saw a robust growth of 8.7%. Key sectors contributing to this growth include manufacturing, which expanded by 9.1%, and the tertiary sector, which grew by 9.2%. Notably, the financial, real estate, and professional services sectors surged by 10.2%. However, agriculture and utility services experienced slower growth rates of 3.5% and 4.4%, respectively. Real Private Final Consumption Expenditure (PFCE) rose by 7.9%, up from 6.4% a year earlier. Overall, the first half of FY 2025-26 recorded an 8% growth, compared to 6.1% in the same period last year, amid ongoing global trade uncertainties.
Published: Nov 28 2025, 4 pmeznews.inIndia's industrial production data for October 2025 will be released on December 1, 2025, at 4:00 PM, according to an official statement issued on Friday. Typically, the All India Index of Industrial Production (IIP) is published on the 28th of each month or the next working day if the 28th falls on a holiday. The IIP for October was initially scheduled for November 28, but the release has been postponed to align with the publication of the Quarterly Estimates of Gross Domestic Product for the second quarter of 2025-26. This adjustment aims to provide a comprehensive overview of the economic landscape, as both sets of data are crucial for assessing India's industrial performance and economic health.
Published: Nov 28 2025, 4 pmeznews.inIndia's Chief Economic Advisor, V. Anantha Nageswaran, has stressed the necessity of a robust banking system alongside strong debt capital markets to support the country's complex economy. Speaking at the TRUST Group’s India Debt Capital Market Summit 2025, he highlighted that the upcoming 15 years of investment in sectors like energy transition, logistics, and healthcare cannot rely solely on banks, which will continue to play a vital role in working capital and early-stage project finance. Nageswaran noted that India is currently in a favorable macroeconomic position, with sustained growth and stability, which has bolstered investor confidence and led to the global inclusion of Indian government securities. He called for a world-class debt market supported by diverse instruments and active market-making, emphasizing that both domestic institutions and global capital must work together to deepen the debt market, which is essential for financing India's ambitious growth targets.
Published: Nov 28 2025, 3 pmeznews.inIndia has achieved "major power" status in the Asia Power Index-2025, according to the Lowy Institute, driven by its economic growth and military capabilities, particularly highlighted by its performance in Operation Sindoor. The index, which ranks states based on resources and influence, saw India’s score rise from 38.1 to 40 points, placing it third overall, behind the US and China. Notably, India improved its economic capability ranking to third, surpassing Japan, and became the top destination for inward investment after the US. However, the report notes significant gaps between India's ambitions and its actual influence, especially compared to China, with India's weakest area being defense networks, where it dropped to 11th place. Despite these challenges, India's economic and military advancements have bolstered its geopolitical relevance, although its diplomatic relationships have not improved at the same pace, leading to a widening power gap.
Published: Nov 28 2025, 2 pmeznews.inIn Maharashtra, rabi sowing has reached only 45% completion as of November 24, with 25.99 lakh hectares cultivated out of an average 57.80 lakh hectares, according to official data. The slow start is evident across major crops, with rabi cereals sown on just 13.46 lakh hectares—less than half of the usual area. Pulses have seen 12.35 lakh hectares sown, reflecting only 47% of the average, while foodgrain sowing stands at 25.69 lakh hectares, marking 50% progress. The oilseeds segment is particularly concerning, with only 0.18 lakh hectares sown compared to an average of 0.70 lakh hectares. Agriculture officials attribute the sluggish pace to moisture stress from a delayed monsoon, staggered kharif harvests, and farmer uncertainty regarding soil conditions. However, with 91% water storage in state dams, conditions may improve in the coming weeks, potentially boosting sowing efforts.
Published: Nov 28 2025, 2 pmeznews.inIn the latest market update, the SENSEX rose slightly by 5.73 points, closing at 85,726.11, while the NIFTY experienced a decline of 14.45 points, settling at 26,201.10. In commodities, crude oil prices increased by 5.00, reaching 5,295.00, while gold saw a notable rise of 285.00, now priced at 125,789.00. Silver also gained significantly, up 1,434.00, bringing its value to 163,901.00. The mixed performance in the stock indices reflects ongoing market volatility, with investors closely monitoring economic indicators and global trends.
Published: Nov 28 2025, 2 pmeznews.inThe Malaysian Rubber Council (MRC) is actively seeking joint ventures with Indian companies to boost local rubber product manufacturing, according to representative Samir Shah. At a recent event hosted by the Indian Chamber of Commerce and Industry, Shah highlighted the Council's commitment to technology transfer and collaborative research to improve product quality and sustainability, particularly in healthcare, automotive, and consumer goods. He noted that India is a significant market for Malaysia's rubber exports, which exceed MYR 2.2 billion monthly, with thread rubber being a key export. The demand for high-density foam mattresses in India has surged, reflecting a growing consumer preference for quality products. Shah also emphasized Malaysia's dominance in the medical glove sector, crucial for India's healthcare needs, while Rajkumar Gupta, President of the Indian Chamber, underscored the vast potential for trade and investment between the two nations. Ashok Kumar Khurana called for ongoing dialogue to foster growth in the natural rubber industry.
Published: Nov 28 2025, 1 pmeznews.inIndia is actively negotiating free trade agreements (FTAs) with various global partners, including the US and the European Union, as part of efforts to strengthen economic ties, according to Commerce and Industry Minister Piyush Goyal. Speaking at the Ficci annual general meeting, Goyal highlighted the importance of collaborating with "trusted" partners amid rising global trade tensions, particularly following the US's recent imposition of a 50% import duty on Indian goods. Currently, India is in discussions with around 50 countries and groups, including the Gulf Cooperation Council (GCC), which comprises six Gulf nations. India has already established a comprehensive trade agreement with the UAE and is nearing completion of talks with Oman. Additionally, negotiations are ongoing with Canada for a comprehensive economic partnership agreement (CEPA) aimed at boosting bilateral trade to $50 billion by 2030, while reviews of existing pacts with ASEAN and Korea are also underway.
Published: Nov 28 2025, 12 pmeznews.inIndia is set to extend the tax holiday for aircraft leasing firms at Gujarat International Finance Tec-City (GIFT City) from 10 to 15 years, aiming to capture a larger share of the global leasing market, currently dominated by Ireland. This extension is expected to attract more lessors, as profits typically surge in the later years of an aircraft's leasing cycle, where depreciation costs are minimal. As of January 31, 2023, GIFT City had registered 33 aircraft lessors, facilitating the leasing of over 60 aircraft and engines. The proposed policy change, part of India's upcoming budget proposals, seeks to enhance GIFT City's competitiveness against established financial hubs like Singapore and Hong Kong. The initiative is also expected to benefit local carriers, including IndiGo and Air India, as well as global subsidiaries like Rolls-Royce and Willis Lease Finance.
Published: Nov 28 2025, 12 pm
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