🗞️ India’s GDP Grows 7.8% in Q1
India’s economy grew 7.8% in the first quarter, coming in slower than the previous quarter but faster than the corresponding period last year.
The reading reinforces India’s strong growth momentum even as the economy navigates global trade uncertainty, volatile energy prices and tighter external financial conditions. Sustaining this pace will depend on consumption, investment and private-sector activity remaining resilient.
💬 Expert Take — “A 7.8% expansion provides a strong starting point for the year. The more important question is whether growth broadens further through private capex and consumption rather than relying disproportionately on a few high-performing segments.”
🗞️ GST Collections Cross ₹2 Lakh Crore in August
India’s gross GST collections grew 15% to more than ₹2 lakh crore in August, providing another positive indicator of economic activity and tax compliance.
Strong GST collections can support government finances and provide greater fiscal room for infrastructure and other expenditure while indicating healthy underlying transactions in the formal economy.
💬 Expert Take — “Double-digit GST growth alongside strong GDP expansion points to resilient economic activity. Sustained revenue growth can also strengthen fiscal flexibility without requiring higher tax rates.”
🗞️ UPI Transactions Approach Record Levels
India’s UPI transactions came close to record levels in August, continuing the rapid expansion of the country’s digital payments ecosystem.
UPI’s sustained transaction growth highlights its increasingly central role in everyday payments, from small retail purchases to peer-to-peer transfers.
🗞️ EV Sales Jump 51% in August
India’s electric vehicle sales surged 51% in August, supported by strong demand across electric cars and two-wheelers.
The increase signals continued momentum in India’s transition toward electric mobility as manufacturers expand product portfolios and charging infrastructure improves.
🗞️ ICICI Bank Mobilises ₹1.70 Lakh Crore Through FCNR Deposits
ICICI Bank mobilised around ₹1.70 lakh crore through FCNR deposits using the RBI’s swap facility.
The sizeable mobilisation highlights how aggressively Indian banks are tapping overseas Indian deposits following the RBI’s measures to strengthen foreign-currency inflows.
🗞️ India Targets More Than 2,000 GW of Power Capacity
India’s installed power capacity is projected to cross 2,000 GW by 2047 as electricity demand expands alongside industrialisation, urbanisation and economic growth.
Achieving the target would require massive investment across generation, renewable energy, transmission, storage and grid infrastructure over the coming two decades.
🗞️ RBI’s Rupee Strategy Faces Oil and US Yield Test
The RBI’s efforts to support the Indian rupee face pressure from elevated oil prices and movements in US Treasury yields.
As a major energy importer, India remains sensitive to crude prices, while higher US yields can strengthen the dollar and influence global capital flows.
🗞️ Gold Drops More Than ₹10,700 From Peak
MCX gold has fallen by more than ₹10,700 from its peak as the precious metal extends its recent losing streak.
Changing interest-rate expectations, movements in the dollar and profit-booking have weighed on prices following gold’s earlier rally.
📊 Market Update
📉 Sensex: 76,570.35 ▼ 373.93 (-0.49%)
📉 Nifty 50: 23,914.45 ▼ 141.35 (-0.59%)
🪙 Gold (per gram)
24K: ₹15,202 ▼ ₹207
22K: ₹13,935 ▼ ₹190
18K: ₹11,402 ▼ ₹155
🥈 Silver: ₹2,45,000/kg ▼ ₹5,000
Even our prime minister congrats us on this