Stay updated with the latest recession news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on recession topics.
New Delhi [India], April 9 (ANI): India's financial sector is likely to see a mixed performance in the fourth quarter of FY26, with stronger deposit growth, improving asset quality, but pressure on margins and profitability, according to a report by PhillipCapital. The report highlighted that deposit growth has emerged as a key positive surprise during the quarter, outpacing credit expansion and easing liquidity pressures in the system. "Banking balance sheets are expected to witness healthy g ...Read More >
New Delhi, Apr 8 (PTI) Crude oil prices nosedived by 18 per cent to Rs 8,775 per barrel in futures trade on Wednesday, after the US and Iran agreed to a two-week ceasefire and the reopening of Strait of Hormuz, triggering heavy selling by traders as the geopolitical risk premium evaporated. Snapping a three-day rally, crude oil futures for April delivery opened lower by 6 per cent to Rs 10,029 per barrel, its lower circuit limit, on the Multi Commodity Exchange (MCX). Later, the contract exten ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said India's merchandise exports contracted by 0.2 per cent in the first two months of the year, while imports recorded a sharp growth of more than 22 per cent, largely driven by higher gold imports, resulting in a widening trade deficit. Speaking during the monetary policy announcement, the Governor highlighted that the decline in exports was due to a contraction in key global markets ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said India's merchandise exports contracted by 0.2 per cent in the first two months of the year, while imports recorded a sharp growth of more than 22 per cent, largely driven by higher gold imports, resulting in a widening trade deficit. Speaking during the monetary policy announcement, the Governor highlighted that the decline in exports was due to a contraction in key global markets ...Read More >
Benchmark Brent crude cost about $109 a barrel on Tuesday, and has remained above or around $100 for more than three weeks, up over 50% from about $70 just before the conflict began on February 28. Risks sharpen for the global economy if oil moves above $110 or $120 a barrel, warned Nathan Sheets, chief global economist at Citi and a former U.S. Treasury Department official. "As this shock gets bigger and bigger, the risks of recession are rising significantly...There are likely some thresho ...Read More >
SAN FRANCISCO/AHMEDABAD, India - Kevin Kelly is in a tough spot. What he says are unprecedented price increases in the weeks since the United States waged war on Iran mean the Californian, who makes plastic bags for groceries, may have to break contracts he cannot afford to honor with his customers. Thousands of miles away in India, gas shortages have closed dozens of plants that export aluminum products around the world. And in Britain, some farmers are eking out their fertilizer stocks as pri ...Read More >
New Delhi, Apr 6 (PTI) Finance Minister Nirmala Sitharaman on Monday said fiscal prudence has given the government enough room to push capex and support sectors impacted by the West Asia crisis. Besides, she said the Reserve Bank can go in for further rate cut to deal with the emerging situation. Highlighting the importance of a good public finance policy in challenging times, the Finance Minister said, it improves the counter-cyclical capacity , especially the ability to 'lean against the win ...Read More >
New Delhi: The impact of the Middle East war in March hit India's services activity, dragging down to a 14-month low of 57.5, but demand remained resilient, led by new export orders across the country. Indicating a loss of momentum in the sector, the cost pressures, however, rose sharply with firms reporting the fastest increase in input prices in nearly four years, a private survey showed on Monday. As per the survey, the seasonally adjusted HSBC India services PMI business activity index fell ...Read More >
Meta description - India's service sector growth slowed to a 14-month low in March 2026. It gives the right sign, eases the demand, and moderates financial momentum overall. India's services sector lost steam for the second straight month in March. It is recording its slowest growth in over a year as demand weakened and inflationary pressures have strengthened amid the constant Iran conflict. The HSBC India Services Purchasing Managers' Index, collected by S&P Global, fell to 57.5 last month f ...Read More >
New Delhi, Apr 6 (PTI) Precious metal prices in the domestic markets are expected to remain moderately bullish in the fiscal year 2026-27 as geopolitical tensions, trade war fears and growing recession risks globally are likely to bolster safe-haven demand, even as elevated interest rates may limit sharp gains. On the domestic front during FY26, silver futures surged by Rs 1,41,431, or 142.2 per cent, from Rs 99,461 per kg recorded on April 1, 2025, while gold soared by Rs 60,258, or 67 per cen ...Read More >
New Delhi, Apr 6 (PTI) India's services sector growth momentum rose at the softest pace in 14 months in March, mirroring the slowdown in new business intakes, a monthly survey said on Monday. The seasonally adjusted HSBC India Services PMI Business Activity Index fell from 58.1 in February to 57.5 in March, amid the weakest rises in new business and activity since January 2025. In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes co ...Read More >
New Delhi: India's manufacturing sector grew at its slowest pace in nearly four years in March 2026 as the Middle East war disrupted supply chains and dented demand, while higher oil prices drove up input costs. The slowdown of manufacturing activities in the country was mainly due to the rising cost pressures, intense competition and heightened uncertainty in the ongoing conflict, a private survey showed on Thursday. As per the survey, the seasonally adjusted HSBC India manufacturing purchasin ...Read More >
New Delhi, Apr 2 (PTI) India's manufacturing sector growth eased to a four-year low in March as cost pressures, fierce competition, heightened market uncertainty and the war in the Middle East led to softer increases in new orders and output, a monthly report said on Thursday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell from 56.9 in February to 53.9 in March, indicating the weakest improvement in overall business conditions in close to four years. In ...Read More >
India's factory growth just hit a near 4-year low -- what's driving the slowdown? here's what the latest HSBC PMI data reveals. India's manufacturing activity slowed in March to 53.9, the weakest improvement in nearly four years, as rising costs and global uncertainties weighed on demand, according to the HSBC Purchasing Managers' Index (PMI) data. "Indian manufacturers signalled a decline in outstanding business volumes for the first time in close to a year-and-a-half. Underlying data indicat ...Read More >
Panaji: The GST revenue data for 2025-26 shows that while the state's taxpayer base is expanding, Goa is seeing a significant loss of fiscal momentum. The total GST collected in Goa for 2025-26 came in at Rs 6,950 crore, representing an overall decline of 2.1% over the previous year at a time when national GST collections grew 6.4%.Of the Rs 6,950 crore collected as GST from taxpayers, Goa govt earned Rs 4,575 crore for the year ending March 31, a flat 1% growth. The remaining GST was credited t ...Read More >
Bengaluru, Mar 31 (PTI) Karnataka Chief Minister Siddaramaiah on Tuesday criticised State BJP president B Y Vijayendra's demand for a "white paper" on the government's finances, calling it a reflection of his poor understanding of economics and political maturity. He said the allegation that the state is bankrupt stems from the "helplessness, frustration, and jealousy" of BJP leaders who are unable to confront his government politically. "The demand by BJP State President B Y Vijayendra to rel ...Read More >
Bengaluru -- Aluminium prices surged to four-year highs on Monday as Iranian air strikes on two major Middle East producers over the weekend raised the risk of a prolonged supply shock. Benchmark aluminium on the London Metal Exchange was up 4.7% to $3,453 a tonne at 10.48am GMT. Prices of the metal used in the transport, construction and packaging industries touched $3,492 earlier in the session. The US-Israeli war on Iran and resulting closure of the Strait of Hormuz have already restricted ...Read More >
New Delhi [India], March 30 (ANI): The Index of Industrial Production (IIP) recorded a 5.2 per cent year-on-year (YoY) growth in February 2026, supported by a 6 per cent expansion in the manufacturing sector. The Ministry of Statistics & Programme Implementation, on Monday, highlighted a steady climb in industrial activity compared to the 4.8 per cent growth seen in January 2026. The overall Quick Estimate of the IIP reached 159 for the month, rising from 151.1 in February 2025. The growth rem ...Read More >
Mumbai (Maharashtra) [India], March 30 (ANI): Dark clouds of selling continued to hover over Dalal Street on Monday morning as Indian benchmark indices opened sharply lower amid rising geopolitical tensions and surging crude oil prices. The Nifty 50 opened at 22,549.65, declining by 269.95 points or (-1.18 per cent), while the BSE Sensex slipped to 72,603.07, falling by 980.15 points or -1.33 per cent in early trade. Also Read | Bank Holiday: Are Banks Open or Closed on 31st March for Mahavir ...Read More >
New Delhi, Mar 2 (PTI) Amazon India on Monday announced 'Zero Referral fee' on more than 12.5 crore products, a move, the ecommerce giant said, aims to accelerate growth for lakhs of sellers across the country. Building on last year's fee revision, the company has expanded zero referral fees coverage more than 10-times from 1.2 crore products in 2025 to over 12.5 crore products priced under Rs 1,000 across 1,800-plus categories, the company said in a release. In addition, Amazon has reduced Ea ...Read More >
India's Industrial Production (IIP) recorded a 4.8 % year-on-year (YoY) growth in January 2026 from 7.8% reported in December 2025. The government release noted that the IIP growth was supported by 4.8% growth in Manufacturing sector and 5.1% growth in Electricity sector. The general index for the month of January 2026 stood at 169.4, compared with 161.6 in January 2025. Manufacturing and electricity support growth Manufacturing and electricity sectors supported overall industrial growth dur ...Read More >
New Delhi: With the strong domestic demand that played a key driver for new orders and production, India's factory activity expanded at its fastest pace in four months in February, although export growth cooled to its slowest rate in nearly a year-and-a-half, a private survey showed on Monday. The survey showed that the seasonally adjusted HSBC India manufacturing purchasing managers' index or PMI rose from 55.4 in January to a four-month high of 56.9 in February. In the PMI parlance, a print a ...Read More >
India's exports to the US in November rose 22% on-year to $6.98 billion, despite the 50% tariff that Washington levies on imports from India since August. This is faster than the 19.38% growth in India's total outbound shipments in November and 2.62% in April-November. New Delhi: Led by engineering goods, chemicals and farm products, India's merchandise exports to the US rose 11.38% on-year in April-November FY26 at $59.04 billion, reflecting strong momentum in India-US trade ties, data release ...Read More >
Pause: Indian consumers are entering 2026 with strong confidence, as 60 per cent plan to increase their spending over the next six months, alongside rapid adoption of generative artificial intelligence (GenAI) for shopping, a report said on Monday. According to a report by the Boston Consulting Group (BCG), 60 per cent of Indian households expect higher spending in the coming six months, driven primarily by purchases of automobiles and mobile devices. India leads the world in the use of GenAI ...Read More >
BENGALURU, Dec 16 (Reuters) - India's private sector activity ended the year on a sombre note, expanding at its weakest pace in ten months in December as a slowdown in new orders took the steam out of both the manufacturing and services sectors, a survey showed on Tuesday. While the economy remains in expansionary territory, the deceleration coupled with a near-stagnant job market indicates domestic demand is cooling, dragging overall momentum down from the highs seen earlier in 2025. HSBC's f ...Read More >
BENGALURU, Dec 16 (Reuters) - India's private sector activity ended the year on a sombre note, expanding at its weakest pace in ten months in December as a slowdown in new orders took the steam out of both the manufacturing and services sectors, a survey showed on Tuesday. While the economy remains in expansionary territory, the deceleration coupled with a near-stagnant job market indicates domestic demand is cooling, dragging overall momentum down from the highs seen earlier in 2025. HSBC's ...Read More >
New Delhi: Wholesale prices stayed in deflation territory for the second straight month at 0.3% in November, as food articles, mineral oils, crude petroleum and natural gas were cheaper compared with a year earlier, official data released on Monday showed. The Wholesale Price Index (WPI), however, gained marginally from October, when it fell 1.2% on year, because of a seasonal uptick in the prices of some food items. Retail inflation, meanwhile, accelerated marginally to 0.71% in November from ...Read More >
New Delhi [India], November 20 (ANI): India's export sector has delivered a powerful message of resilience and global competitiveness in by far in 2025-26, recording its highest-ever quarterly exports in both Q1 and Q2, and culminating in the highest-ever export performance for the first half of any financial year.This achievement comes at a time when global trade continues to be weighed down by geopolitical tensions, supply-chain disruptions, inflationary pressures, and uneven demand recovery a ...Read More >
Goldman Sachs survey finds private market investors optimistic for 2025, expecting more exits and stronger liquidity, led by growth in real assets, private credit, infrastructure, and real estate as global dealmaking improves. New Delhi [India], October 27 (ANI): Private market investors are generally optimistic about the investment environment and have greater expectations for generating liquidity across a number of exit routes, according to a Goldman Sachs Asset Management release. The ...Read More >
India's private sector growth slowed in October to its lowest in five months. Weaker demand and higher output prices impacted business optimism. Services sector growth saw a slowdown, while manufacturing activity improved. New orders expanded at a slower pace. International demand softened, particularly for exports to the United States. Businesses raised selling charges despite some cost easing. Growth in India's private sector eased to a five-month low in October as weaker demand and rising ou ...Read More >
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