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India’s current account deficit may rise to 2% of GDP in FY27 if oil stays at $82–87: CRISIL
Rising oil prices could push India's current account deficit to a concerning two percent of GDP, as highlighted by a Crisil report. This prediction hinges on the volatile global market conditions we’re currently facing. While US tariff reductions may bolster exports to some extent, the ongoing unrest in West Asia is another pivotal aspect that could affect the situation.
India is increasingly recognized as a stable global capital hub with its market capitalization reaching USD 4.4 trillion and a total of USD 154 billion raised through equity and debt markets in FY26, according to Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey.
India's first maritime-focused lender eyes $1 bln FY27 fundraise
Sagarmala Finance Corp. will raise 100 billion rupees in FY27. This funding will support ports, shipbuilding, and waterways. The company will borrow through bonds, term loans, and foreign currency. Sagarmala aims to disburse up to 90 billion rupees in loans by March 2027. It also seeks government equity infusion to support its growth.
NBCFDC logs highest ever disbursement of Rs 613.75 crore in FY26: Govt
The National Backward Classes Finance and Development Corporation recorded its highest-ever disbursement of Rs 613.75 crore in FY 2025-26. This benefited over 61,000 individuals, marking a significant increase from the previous year. The corporation also saw full utilization of funds under various schemes, including VISVAS and PM-DAKSH.
Crude unlikely to return to pre-war levels soon; India's import bill may rise $70bn annually: Report
India's oil import bill is set to surge by over $70 billion annually as crude oil prices remain high due to the West Asia conflict. Shipping routes are critical and remain uncertain. Refineries are damaged, and rebuilding will take time. Freight and insurance costs have also increased. India will diversify import sources.
Assets monetisation in focus to bridge potential selloff gap
Amid market volatility linked to the Iran conflict and delays in the IDBI Bank sale, the government plans to accelerate asset monetisation to bridge potential revenue gaps. Stake sales in Life Insurance Corporation of India may also face headwinds, making monetisation a key fiscal lever this year.
Prolonged war may hit Rs 75,000 crore dividend target
The ongoing turmoil in West Asia casts a shadow over India's revenue streams. Soaring commodity prices may squeeze the profitability of state-run enterprises, which could derail the anticipated ₹75,000 crore dividend. With petroleum sectors particularly at risk, the government is alert to fluctuations in the situation.
Net FDI inflows dip, investors opting for Mexico, Vietnam
Officials and experts attribute this trend to the country having to compete with Mexico, Poland, and Vietnam, a preferred part of investors' nearshoring and friendshoring policies after the Covid pandemic, and the US cornering a large share of tech-related investments.
RBI's Utkarsh 2.0 places focus on better service
RBI's new plan places emphasis on improving customer service and financial inclusion, alongside efforts to strengthen market infrastructure and pricing transparency, particularly in government securities. Technology adoption, including artificial intelligence and digitalisation of internal processes, is expected to play a central role.
Capex by big CPSEs, 4 key government entities surges 62% in March
Capital spending by these CPSEs and Railway Board, National Highways Authority of India (NHAI), Delhi Metro Rail Corporation and Damodar Valley Corporation jumped 62% year-on-year to ₹1.10 lakh crore in March, showed the latest Department of Public Enterprises data.
States likely to raise up to Rs 14 lakh crore in FY27, says ICRA
Indian states plan to borrow significantly in the upcoming financial year FY2027. Total borrowings are projected between 13.4 to 14 lakh crore rupees. This represents a growth of 5 to 9 percent. The Reserve Bank of India is introducing a new strategy for borrowing. This aims to create a more structured market for state government securities.
View: Rupee at 100 will be a harsh check on India’s ambitions
Rupee fall: In a serious twist, India's currency is on a steep decline, echoing previous economic upheavals. A mix of global influences and local policies has resulted in a weakened rupee, affecting everyday expenses for citizens, the financial burden of education, and the overall fiscal health of the government.
UPI growth stays relentless with 22.64 billion March transactions, says Department of Financial Services
Unified Payments Interface, or UPI, achieved 22.64 billion transactions in March 2026. This shows continued growth in digital payments across India. The total transaction value also increased significantly. UPI's daily transaction count and value saw a rise. Digital payments experienced strong year-on-year growth. India is transforming how it transacts.
Indirect tax mop-up tops FY26 target, but pan masala cess misses the mark
India's indirect tax collections for fiscal year 2025-26 have surpassed the government's target. Customs, excise, and GST revenues showed strong performance. However, collections from a specific cess on pan masala manufacturing did not meet expectations. This shortfall is seen as temporary, with future collections anticipated to improve.
Despite rate reset, GST collection rises on strong consumption
India's Goods and Services Tax collections ended the fiscal year strongly. March collections surpassed two lakh crore rupees for the third time. This indicates robust consumption despite rate reductions. Import-linked revenues drove much of this growth. Experts remain cautious for the coming months due to global turmoil. Rising crude oil prices pose a risk.