
The Household Savings Slide Reversed — But the Borrowing Mix Didn’t
Net household financial savings climbed to 7 per cent of GNDI in FY25 — not because families saved more, but because they borrowed less.

Net household financial savings climbed to 7 per cent of GNDI in FY25 — not because families saved more, but because they borrowed less.

Brent is back near $95 and the Urals discount has vanished. We map how crude and LNG bands move India's current account, deficit and inflation.

FY26 delivered 7.7% real growth on a 1.1% deflator. That gap flattered volumes, starved tax collections, and blew a 210-basis-point hole in the debt ratio.

Nine years on, GST has cleaner slabs, record collections and a working tribunal. The plumbing — refunds, audits, petroleum, state finances — still needs serious, sustained attention.

A look at the consumption, capital and productivity engines behind India's 7.7% FY26 print, and whether they can hold a 7% trajectory through the decade.

Energy shocks are fading and headline prints are softening. Services inflation — sticky, wage-linked, slow to turn — is quietly deciding what the central banks do next.

The RBI shut a dollar window early after $56 billion poured in. Behind that decision sits an economics problem India can manage but never escape.

Net household financial savings climbed to 7 per cent of GNDI in FY25 — not because families saved more, but because they borrowed less.
Reserves have added nearly $50 billion in seven weeks, yet the rupee barely moves. The RBI's forward book reveals what intervention is really optimising for.

Brent is back near $95 and the Urals discount has vanished. We map how crude and LNG bands move India's current account, deficit and inflation.

FY26 delivered 7.7% real growth on a 1.1% deflator. That gap flattered volumes, starved tax collections, and blew a 210-basis-point hole in the debt ratio.

A look at the consumption, capital and productivity engines behind India's 7.7% FY26 print, and whether they can hold a 7% trajectory through the decade.
Energy shocks are fading and headline prints are softening. Services inflation — sticky, wage-linked, slow to turn — is quietly deciding what the central banks do next.
The RBI shut a dollar window early after $56 billion poured in. Behind that decision sits an economics problem India can manage but never escape.
Five years, ₹2.40 lakh crore invested and ₹35,354 crore paid out. India's PLI scheme is being rebuilt sector by sector, and the underlying data explains why.
States borrow nearly as much as the Centre but attract a fraction of the scrutiny. Here's what their numbers reveal about India's real fiscal risk.

Record filings, 1.65 crore GST registrations and a rewritten tax law suggest progress. But appeals pendency, hard-locked returns and late utilities tell a complicated story.
Nine years on, GST has cleaner slabs, record collections and a working tribunal. The plumbing — refunds, audits, petroleum, state finances — still needs serious, sustained attention.

The Income-tax Act, 2025 is now in force. Beyond the simpler drafting lie real corporate consequences: MAT credit write-offs, restructuring traps, and rewired withholding tables.

The 56th GST Council collapsed four slabs into two from 22 September 2025. A year of collections data now reveals who paid for the simplification.

India traded its equalisation levy for Pillar One's promise of global digital taxation. Years on, the treaty is unsigned — and New Delhi's leverage has shifted.
A decade of Indian transfer pricing data shows disputes moving from courtrooms to negotiating tables — APAs past 1,000, MAP inventories shrinking, litigation quietly changing character.

Parliament has decriminalised, digitised and rewritten. Yet a mid-sized factory juggles 1,450 obligations. We examine where India’s compliance reform is real and where it stalls.
Faster launches, lighter rules for accredited investors, tighter conflict norms. Inside SEBI's eighteen-month overhaul of India's alternative investment funds — and where capital goes next.

IFSCA has turned GIFT City into a 1,147-entity hub holding $111 billion in banking assets. But rankings and a thin talent pool show work remains.

After eight years of committee reports and courtroom improvisation, Section 240C gives India a cross-border insolvency framework. The hard drafting choices, however, are only beginning.


India’s auditors sell more than audits. With NFRA inspections biting, ICAI’s network rules paused and a three-year cooling-off proposed, independence has become a design problem.
The IASB’s November 2025 examples, SEBI’s assurance glide path and the RBI’s Directions have quietly shifted climate risk from narrative disclosure into audited financial statements.

Emerging-market boards face concentrated ownership and stretched assurance. The 2026 fraud data points to a five-part framework that moves directors from receiving comfort to demanding evidence.


The 4.5% deficit target has been met and quietly retired. India now anchors fiscal policy to debt-to-GDP — a slower, harder discipline that arithmetic will not flatter.
From 50% American tariffs to the EU's “mother of all deals”, India's trade policy has been rewritten in eighteen months. What it gained, and conceded.

From 50% American tariffs to the EU's “mother of all deals”, India's trade policy has been rewritten in eighteen months. What it gained, and conceded.

FY27 is half gone and the statute book has changed underneath India Inc. Here is what boards should be arguing about before March 2027.
Direct lenders have rewritten the leveraged finance rulebook: covenants, PIK toggles, portability. Now banks are fighting back, and the RBI's new framework has changed India's game.

Indian family offices now hold over $30 billion. As succession, new tax law and SEBI reforms converge, informal wealth management is becoming a regulated profession.

Forecasts for Q1 FY27 GDP range from 6.9% to 8%. We read the industrial, tax, trade and fiscal data to explain that unusually wide spread.
A ground-level look at India's digital build-out — UPI volumes, data-centre gigawatts, fibre in villages and budget lines — and what the numbers quietly admit about returns.
India’s freshest household survey lands while two landmark asset-and-income surveys are still in the field. Read together, they reveal a balance sheet quietly rearranging itself.
Curated by our editorial team. Delivered every Sunday. Zero fluff.