After inflation averaged around 2% in 2025-26, or half of the Reserve Bank of India’s (RBI) 4% target, consumer price inflation is now steadily inching upward. Retail inflation rose to 3.48% in April 2026, the highest level in 13 months, while food inflation climbed to 4.01%, signalling that price pressures are broadening across categories. The […]
Over the past five years, the global economy has been battered by an extraordinary sequence of shocks – pandemic disruptions, inflation surges, aggressive monetary tightening, tariff tensions, and now the Middle East conflict. Yet amid this turbulence, India has emerged as one of the most resilient major economies. This resilience is neither accidental nor temporary; […]
India’s macroeconomic outlook for 2026–27 (FY27) must be assessed through the dual lens of strong domestic fundamentals and intensifying global disruptions. While the economy enters this phase with robust momentum, the evolving West Asia war introduces significant uncertainty, particularly through energy markets, trade channels, and financial flows. From a pre-war forecast of around 7.4%, the […]
At a time when geopolitics is once again dictating macroeconomics, the Reserve Bank of India (RBI) finds itself navigating a familiar but far more complex terrain. The flare-up in West Asia has sharply lifted global energy prices, unsettled financial markets, and revived concerns around inflation, growth, and currency stability. There are questions about whether the […]
India stands at a defining moment in its energy transition. As the world’s third-largest energy consumer and one of the fastest-growing major economies, the country faces a dual challenge: meeting surging energy demand while navigating climate risks and geopolitical uncertainties. Energy demand in India is projected to grow at nearly 3% annually through 2035, making […]
India’s electricity system stands at a critical crossroads. Over the past two decades, the country has achieved remarkable progress in expanding power generation capacity, improving grid connectivity, and providing near-universal electricity access. Yet the context in which this system operates is rapidly changing. Climate change is intensifying extreme weather events—heatwaves, floods, cyclones, and erratic rainfall—posing […]
India’s pharmaceutical industry stands on the cusp of transformative growth, propelled by the rapid acceleration of domestic active pharmaceutical ingredient (API) production. Recent projections from CareEdge Ratings indicate that the domestic API market, currently valued at approximately USD 15–16 billion, is expected to grow at a compound annual growth rate (CAGR) of 5–7 per cent […]
Barely two months into 2026, the global economy has already been thrown into a fresh wave of uncertainty. A series of developments—from legal upheaval in U.S. trade policy to statistical revisions in India’s economic data and a sudden military escalation in the Gulf between the U.S.-Israel alliance and Iran—has disrupted assumptions about stability in global […]
India’s twin goals of becoming a “Viksit Bharat” by 2047 and reaching net-zero emissions by 2070 have the potentials of the most ambitious economic transformations ever attempted by a developing nation. At the heart of this transition is the difficult task of balancing rapid growth with the simultaneous rewiring of the country’s energy, industrial, and […]
India’s economic reform playbook has undergone a quiet but decisive shift in recent years. The annual Union Budget is no longer treated as the sole theatre for reform announcements, grand policy pivots or politically sensitive decisions. Instead, reform has become a continuous process—deliberately sequenced, often executed outside the Budget, and increasingly insulated from the noise […]