Indian economy remained fluid amidst tariff policy uncertainties: RBI Bulletin
geopolitical tensions
and
tariff policy uncertainties
, Reserve Bank's Bulletin said on Wednesday.
An article on 'State of the Economy' in July Bulletin said the global macroeconomic environment remained fluid in June and July so far amidst geopolitical tensions and tariff policy uncertainties.
"Domestic economic activity held up, with improving kharif agricultural season prospects, continuation of strong momentum in the services sector and modest growth in industrial activity," it said.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Why Walgreens Hides This Cheap 87¢ Generic Cialis
fridayplans
Learn More
The bulletin also mentioned that headline CPI inflation remained below 4% for the fifth consecutive month in June driven by deflation in food prices.
System liquidity remained in surplus to facilitate a faster transmission of policy rate cuts to the credit markets.
Live Events
The external sector remained resilient, backed by ample
foreign exchange reserves
and a moderate external debt-to-GDP ratio, it mentioned.
The central bank, however, said the views expressed in the Bulletin article are of the authors and do not represent the views of the Reserve Bank of India.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
42 minutes ago
- Time of India
Centre's fiscal deficit hits 17.9% of full-year target in Q1; higher spending lifts gap to Rs 2.8 lakh crore: CGA data
Representative image The central government's fiscal deficit touched 17.9% of the full-year target at the end of June 2025, more than double the 8.4% recorded in the same period last year, data from the Controller General of Accounts (CGA) showed on Thursday. In absolute terms, the fiscal deficit — the gap between revenue and expenditure — stood at Rs 2.8 lakh crore for the April–June period of FY26. The Centre has pegged the fiscal deficit for the full year at 4.4% of GDP, or Rs 15.69 lakh crore, PTI reported. As of June, the government had received Rs 9.41 lakh crore, or 26.9% of Budget Estimates (BE) for 2025-26. This included net tax revenue of Rs 5.4 lakh crore, non-tax revenue of Rs 3.73 lakh crore, and non-debt capital receipts of Rs 28,018 crore. Transfers to state governments surged to Rs 3.27 lakh crore, up Rs 47,439 crore from a year earlier, as devolution of tax shares accelerated. Total government expenditure in the first quarter came in at Rs 12.22 lakh crore, or 24.1% of BE, with Rs 9.47 lakh crore spent on the revenue account and Rs 2.75 lakh crore on the capital account. Within revenue spending, Rs 3.86 lakh crore went toward interest payments and Rs 83,554 crore toward major subsidies. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo Aditi Nayar, Chief Economist at ICRA, noted that tepid direct tax collections in June weighed on gross tax revenue performance, though the weakness was largely due to an adverse base effect. 'Devolution to states maintained a robust pace,' she added, quoted PTI. Nayar also highlighted that while the Centre's capital expenditure rose 52% year-on-year, this was on a low base and was still 1% lower than Q1 FY24 levels. However, the sharp rise in Q1 capex is expected to have supported investment activity, offering a positive signal for GDP growth in the quarter, she said. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
Time of India
an hour ago
- Time of India
Cabinet okays additional lines between Aluabari Road, New Jalpaiguri to boost connectivity in North East
Guwahati: The Union Cabinet has approved the 3rd and 4th railway line between Aluabari Road and New Jalpaiguri which marks a significant milestone in enhancing rail connectivity in the Northeastern region of India. Spanning a total length of 57 kilometres, under the jurisdiction of Northeast Frontier Railway , the project is approved at an estimated cost of approximately Rs. 1,786 crores. This project aims to address the growing demand for transportation infrastructure in one of the country's most vital regions. Explore courses from Top Institutes in Please select course: Select a Course Category Cybersecurity Management Operations Management Healthcare MBA Design Thinking Data Science Technology Project Management MCA Leadership Finance Data Science Data Analytics CXO Degree others Digital Marketing PGDM Public Policy Product Management Artificial Intelligence healthcare Others Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details By introducing additional tracks, it will reduce congestion, allowing for more efficient and faster movement of both passenger and freight trains, thus cutting travel times and improving the overall reliability of services. The increased rail capacity will not only ease the burden on the existing infrastructure but will also facilitate the transportation of goods such as tea, timber and agricultural products, thus boosting the local and regional economy. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Neuropathy is not from Low vitamin B. Meet the Real Enemy of Neuropathy (Stop Doing This) Health Insight Journal Learn More Undo This project is part of the Delhi – Guwahati High Density Network route and holds strategic importance due to its proximity to the international borders with Bhutan, Bangladesh and Nepal, providing vital access to these neighbouring regions. It passes through districts in Bihar (Kishanganj) and West Bengal (Jalpaiguri, Darjeeling and Uttar Dinajpur), serving as a crucial link for both passenger and freight transport. The infrastructure development will include 7 stations, 99 bridges and the construction of 3 Road Over Bridges and 8 Road Under Bridges. The project aims to facilitate the movement of 21.6 million tons of additional cargo, leading to a savings of Rs 2,551 crore in logistics costs. It will also contribute significantly to fuel conservation by saving 2.14 crore litres of diesel every year. In the broader context, the Aluabari Road – New Jalpaiguri 3rd and 4th Line project is poised to not only strengthen transportation infrastructure but also act as a catalyst for economic growth, regional integration and enhanced quality of life in the Northeast. This project will enhance the overall efficiency of the transportation network across Bihar, West Bengal and the Northeast, easing congestion on this crucial corridor that serves as a vital gateway between the eastern and NE region of India. Live Events
Time of India
an hour ago
- Time of India
Donald Trump to help Pakistan build ‘massive oil reserves'! How much known crude oil does it have & how does that compare to India? Top points to know
Exactly which 'massive oil reserves' Trump is referring to is yet unclear. (AI image) US President Donald Trump wants to develop 'massive oil reserves' with Pakistan, and has even said that India may end up being a potential buyer of this oil. Soon after announcing 25% tariffs on India, Trump revealed a trade deal with Pakistan. Exactly which 'massive oil reserves' Trump is referring to is yet unclear. "We have just concluded a deal with the country of Pakistan, whereby Pakistan and the United States will work together on developing their massive oil reserves," Trump posted on Truth Social. "We are in the process of choosing the oil company that will lead this partnership. Who knows, maybe they'll be selling oil to India some day!,' Trump said. Despite Pakistan's persistent claims about significant coastal petroleum deposits, no substantial progress has been made till date in extracting these resources. Pakistan continues its efforts to attract investment for resource exploitation. Also Read | 'India set to be third largest economy', says Piyush Goyal after Donald Trump's 'dead economy' jibe; reiterates national interest important Currently, Pakistan relies on petroleum imports from Middle Eastern nations to satisfy its energy requirements. Oil imports actually make up Pakistan's largest import expenditure at $11.3 billion for the fiscal year ending June 30, 2025. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Learn More - How Donating Sperm May Support Your Income SpellRock Undo According to central bank statistics, this is around 20% of Pakistan's total import expenses. Pakistan's Oil Reserves & 'Discoveries' Based on various assessments, Pakistan's proven conventional crude oil reserves range between 234 million and 353 million barrels, according to a Reuters report. It is ranked 50th globally in crude oil reserves, the report said. To put things in context, the world's largest crude oil reserves are known to be with Venezuela, at 3,03,221 million barrels, according to latest OPEC data. As of 2024, India has known crude oil reserves of 4,981 million barrels, which is over 10 times that of Pakistan. Pakistan's track record in offshore oil exploration has been disappointing. Also, even though it has huge shale oil potential, Pakistan has not ventured into shale oil extraction. A study conducted by the US Energy Information Administration in 2015 indicated that Pakistan has technically recoverable shale oil resources of 9.1 billion barrels, the Reuters report said. In June, the Pakistani national exploration company claimed it had found fresh deposits of oil and gas in the province of Sindh. The Oil & Gas Development Company, which is owned by the state, identified the new reserves in early December at the Faakir-1 wildcat well in Kharo. Also Read | Donald Trump tariffs: Why India's stock market has not crashed, is resilient even after 25% tariff announcement - explained The discovery was made after drilling to a depth of 4,185 metres, the well tested at 6.4 million cubic feet per day of gas and 55 barrels per day of condensate from the Lower Goru formation, according to a PTI report quoting an official. Last year, Pakistan claimed that a significant discovery of oil and natural gas reserves has been made within Pakistan's maritime boundaries. Pakistan had claimed that the potential reserves were so extensive that their development could transform the country's future. A comprehensive underwater survey spanning three years, backed by assistance from a "friendly country," detected substantial underwater formations bearing signatures of oil and gas deposits. These findings, however, remain unverified at present. According to an ET report, without commercial drilling operations, there is no confirmation of the existence, magnitude or grade of these resources. The Indus Basin's structural geology, influenced by tectonic movements and abundant in mudstone deposits, presents favourable conditions for hydrocarbon discoveries. Whilst seismic data analysis indicates substantial source rocks and potential reservoirs, Pakistan's offshore sector has yet to achieve successful extraction. Previous ventures, including the Kekra-1 drilling project have proved unsuccessful. Also Read | 'Trump frustrated with India trade talks…': US President feels 25% tariff will 'remedy' the situation, says adviser; additional penalty for Russia trade 'shortly' Trump's Trade Deal Announcement: How Pakistan Reacted Pakistan's Prime Minister Shehbaz Sharif expressed gratitude to Trump via social media regarding the "historic" trade agreement, indicating optimism about enhanced bilateral cooperation. "I extend my deepest gratitude to President Trump @realDonaldTrump for his pivotal role in securing the significant US-Pakistan trade agreement, which our representatives finalised in Washington, last night," he posted on X. "This significant agreement will strengthen our collaborative efforts and broaden the scope of our lasting partnership in the future," he stated. The agreement was concluded at a meeting in Washington, DC, involving Pakistan's Finance Minister Muhammad Aurangzeb, US Secretary of Commerce Howard Lutnick, and US Trade Representative Ambassador Jamieson Greer, PTI reported Radio Pakistan as saying. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
