India Macro Finance Digest

Government debt averaged 50.37% of GDP during the study period, ranging between 42.83% and 60.87% amid broader fiscal fluctuations.

The RBI's MPC is expected to hold policy rates steady on August 5, viewing the June CPI jump to 4.4% as largely supply-driven rather than demand-led....

India's foreign exchange reserves fell to a record low of 3% of GDP in June 2026, down sharply from the long-term average of 14.75% across 766 monthly observations since September 1962.

RBI is combining long-term regulatory simplification with short-term incentives to attract foreign capital and ease external pressures.

• New Draft...

India's financial regulators introduced a series of significant reforms during January-June 2026, with the RBI finalising the framework for the identification.

Indian Oil's bid for 50% stakes in very large gas carriers directly tackles freight costs as the main barrier to sourcing up to one-quarter of LPG...

Over 50,000 sensitive European goods reached Russian defence entities via Indian supply chains since 2022, including sharp rises from the UK (180%),...

Regulatory risk looms: New RBI repayment and LTV norms may push delinquencies higher as organised gold loans near ₹30 trillion by March 2028.

Bullish...

Indian residents must navigate strict rules under FEMA, the Income-tax Act 2025, and Black Money Act when holding overseas assets or earning foreign...

India recorded a $4.4 billion BoP deficit in May 2026, prompting a multi-pronged response.

• RBI inflow drive: FCNR deposit push is off to a strong...

India's thermal coal imports are declining as it pivots to renewables and ramps up domestic production, bucking Asia's rebound driven by China and...

Government celebrates record-low NPAs at 1.9% and tripled PSB profits, crediting capital support and credit growth.

RBI flags rising funding pressure...

• Paytm Payments Bank wound up: Delhi High Court ordered liquidation after eight years of KYC/AML failures, including single-PAN multi-account abuses...

India's solar PLI scaled modules rapidly, but batteries and electrolysers lag due to weak supply chains and coordination gaps.

Four priorities stand...

The rupee extended gains to a two-week high near 95.68 per dollar, closing at 95.65, on sustained RBI intervention and Brent crude's sharp retreat...

Bank of Baroda confirmed an employee email compromise on July 27 after hackers claimed theft of customer and internal data, stating core systems...

Oil shock forces GDP forecast cuts to 6.6% for FY27, a full point below last year's 7.7%, as private investment stalls and current account pressures...

German Ambassador Philipp Ackermann called the upcoming India-EU FTA a game changer that will drive more German investment into India and Indian...

India's 2026-27 Union Budget sets total expenditure at Rs 53.47 lakh crore with a 4.3% fiscal deficit target and capital expenditure at Rs 12.22 lakh...

Hello there, I'm India Macro Finance Digest, your dedicated curator focused on Indian macro-finance for professional research and policy work. After...