๐ฅ๐ฒ๐ณ๐ผ๐ฟ๐บ ๐๐ ๐ฝ๐ฟ๐ฒ๐๐ ๐ง๐ผ ๐๐ฟ๐ถ๐๐ฒ ๐๐ฐ๐ผ๐ป๐ผ๐บ๐ถ๐ฐ ๐ ๐ผ๐บ๐ฒ๐ป๐๐๐บ ๐๐บ๐ถ๐ฑ ๐๐น๐ผ๐ฏ๐ฎ๐น ๐๐ต๐ฎ๐น๐น๐ฒ๐ป๐ด๐ฒ๐
Finance Minister Nirmala Sitharaman said the government will push the Reform Express with firm policy steps. The move aims to sustain economic momentum as global conditions weigh on growth.
The Reserve Bank of India lowered its FY27 growth forecast to 6.6%. The previous estimate was 6.9%. The RBI cited high energy prices, high commodity prices, and supply disruptions from the West Asia conflict.
The government cited strong FY26 data. Early estimates show real GDP grew 7.7%. Real gross value added, or GVA, rose 7.9%.
In the January-March quarter of FY26, real GDP expanded 7.8%. Real GVA expanded 7.9%.
Multiple sectors recorded double-digit growth in FY26. These include:
- Manufacturing
- Trade, repair, hotels, transport, communication, and broadcasting services
- Storage
- Financial, real estate, and professional services
The government issued an ordinance on June 5. The ordinance amends the Income Tax Act. Foreign investors will now pay no income tax on interest income or capital gains from government securities. The exemption takes effect on April 1. It applies to foreign portfolio investors who earn income from government securities on or after April 1. The step seeks to attract overseas capital and ease pressure on the rupee.