DDIndia Business: Economic Headlines & Updates

Business

October 7, 2026 12:25 PM

RBI raises repo rate by 25 basis points to 5.50%, begins rate-hike cycle

The Reserve Bank of India has raised the policy repo rate by 25 basis points to 5.50 per cent, beginning a rate-hike cycle amid rising inflation risks, elevated global yields and resilient domestic economic activity. The decision was taken by th...

October 7, 2026 12:11 PM

Piyush Goyal meets top US business leaders in New York to strengthen India-US trade ties

Union Commerce and Industry Minister Piyush Goyal held a series of meetings with senior leaders of leading US companies in New York this week to discuss opportunities for strengthening India-US trade and investment ties. During the meetings, the Min...

October 7, 2026 11:56 AM

RBI raises FY27 GDP growth projection by 40 bps to 7.1%

Reserve Bank of India Governor Sanjay Malhotra on Wednesday raised the central bank's real GDP growth projection for the current financial year 2026-27 by 40 basis points to 7.1 per cent, citing the resilience of domestic economic activity despite gl...

October 7, 2026 10:42 AM

Markets fall in early trade after two days of rally; Sensex falls

Benchmark indices Sensex and Nifty declined in early trade on Wednesday after two days of rally amid a spike in crude oil prices and caution ahead of the Reserve Bank of India's monetary policy decision. The 30-share BSE Sensex fell 460 points to 72...

October 7, 2026 10:29 AM

RBI set to announce repo rate decision amid geopolitical tensions

The Reserve Bank of India’s Monetary Policy Committee (MPC), led by Governor Sanjay Malhotra, is set to announce its bi-monthly interest rate decision on Wednesday amid challenging conditions, including rising inflation and crude oil prices above U...

October 7, 2026 8:24 AM

Asia shares weaker, oil up; investors weigh Saudi-Houthi escalation

Asian markets were slightly weaker on Wednesday even though US stocks touched new highs, as oil prices rose with a storm heading for the Gulf of Mexico and tensions escalating between Saudi Arabia and Yemen's Iran-backed Houthis. In Asia, MSCI's bro...

October 6, 2026 4:30 PM

Sensex surges 685 points, Nifty reclaims 22,750 ahead of RBI policy outcome

Domestic equity benchmarks ended sharply higher on Tuesday as investors accumulated pharma, private banking and oil & gas stocks while awaiting the outcome of the Reserve Bank of India's policy meeting. The Sensex rose 685.34 points, or 0.95 pe...

October 6, 2026 4:10 PM

Cabinet approves Rs 10,000 crore commitment for SME Growth Fund

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved a government commitment of ₹10,000 crore towards establishing the SME Growth Fund to provide direct equity investments in small and medium enterprises and help them gro...

October 6, 2026 3:41 PM

India’s steel consumption rises 7.5% in H1 FY27; crude steel output grows 2.9%

India’s finished steel consumption rose 7.5% to 84.9 million tonnes during April–September 2026, while crude steel production increased 2.9% to 85.1 million tonnes, according to provisional Joint Plant Committee data released by the Ministry of S...

October 6, 2026 3:12 PM

World Bank raises India’s FY27 growth forecast to 7.1% from 6.6%

The World Bank has raised its forecast for India's economic growth in FY27 to 7.1 per cent from 6.6 per cent, citing stronger-than-expected economic activity, robust domestic demand and exports. In its latest India Development Update, released o...