Economy

News on Indian Economy

India’s Kharif Sowing Reaches 1,016.57 Lakh Hectares, Rice Acreage Trails Last Year

The overall decline has been driven mainly by lower rice acreage, along with smaller reductions in coarse cereals, cotton and oilseeds. Pulses remained broadly stable compared with last year, while jute and mesta recorded a modest increase. The figures provide an important mid-season indication of planting patterns across major agricultural states, although acreage can continue to change as sowing progresses.

India’s Public Sector Bank Non Performing Asets Hit Historic Low

The numbers behind that statement are substantial. At the end of March 2026, the gross NPA ratio of public sector banks had fallen to 1.93 per cent, while net NPAs were down to just 0.39 per cent. The Finance Ministry describes both as historically low levels. At the same time, PSBs recorded an all-time high combined net profit of ₹1.98 lakh crore in FY2025-26.

India’s Electricity Transition Crosses a New Threshold as Clean Capacity Moves Ahead of Fossil Fuels

Indian government statistics use a different methodology and produce different absolute numbers. However, they confirm the same underlying structural change. The Ministry of New and Renewable Energy reported that India’s non-fossil installed electricity capacity reached 300.50 GW on July 31, 2026, representing more than 54 per cent of total installed power capacity of around 552 GW.