The Japan Credit Rating Agency (JCR) raised India’s long-term foreign- and local-currency issuer rating by one notch, from BBB+ to A-, keeping the outlook stable. JCR also lifted India’s country ceiling by a notch to ‘A’. It cited India’s robust, well-positioned economic growth, strong private consumption and public investment, an improved fiscal profile and a sound financial system. The Finance Ministry welcomed the upgrade.
India’s Index of Industrial Production grew 6.7% in July 2026, a slowdown from the previous month but still the second-fastest expansion the index has recorded since December 2025. The print was buoyed by the manufacturing sector and by electricity and gas supply. Economists flagged sluggish rural consumption as a risk to sustained industrial momentum in the months ahead.
The HinduGrowth in India’s core industries eased to 5.4% in July 2026, according to the Index of Core Industries released by the Ministry of Commerce and Industry. Despite the moderation, it was still the second-fastest pace in seven months. The core industries track key infrastructure inputs and feed directly into the Index of Industrial Production, making the reading a closely watched gauge of industrial health.
The HinduThe Centre issued a detailed clarification, in question-and-answer format, refuting allegations that it had artificially pushed up the June-quarter growth numbers. The government defended its estimate of 7.8% real GDP growth and 10.3% nominal expansion for the first quarter, saying the figures and any revisions reflected updated data and refined methodology rather than manipulation of the headline rate.
LivemintThe Reserve Bank of India’s special USD-INR forex swap facility drew more than $136 billion, of which over $127 billion was mobilised through Foreign Currency Non-Resident (Bank), or FCNR(B), deposits. The RBI had launched the facility on June 8, 2026 to counter forex outflows driven by high oil prices and the exit of Foreign Portfolio Investors from the stock market, helping shore up external buffers.
The HinduThe last seven days as one sheet — grouped by syllabus area, every figure worth memorising, and a quiz across the whole week.
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