Anup Roy

India’s economic activity slowed to its weakest pace in more than four years in July as renewed tensions in the Middle East weighed on demand and intensified inflationary pressures, a flash survey by HSBC Holdings Plc showed Friday.

RBI said that the economy remains resilient, with the immediate risks stemming from renewed uncertainty in the Middle East and a deficient monsoon that has delayed crop sowing.

This is the lowest it has dropped since March 2022, as softer services demand, geopolitical risks and inflation concerns weigh on India’s economic activity.

Student protests that rocked India last week are shining a light on the country’s private coaching industry and its soaring costs.

Most Indians are unhappy with Prime Minister Narendra Modi‘s government over its handling of exam scandals that touched off student protests across the country, a national poll by one of the country’s largest pollsters found.

The Reserve Bank of India is expected to keep interest rates unchanged on Wednesday as policymakers assess whether higher energy costs from the renewed Middle East conflict spill over into broader inflation before raising borrowing costs.

The Reserve Bank of India kept its benchmark rate unchanged for a fourth straight review, as expected, waiting to see whether higher energy costs from the Iran war spill over into broader inflation.

India’s central bank is emerging as one of Asia’s monetary policy holdouts, confident the latest oil shock won’t derail economic growth or fuel the kind of persistent inflation that would warrant higher interest rates.

India, the world’s back office for many global companies, is emerging as a key test case for artificial intelligence’s impact on employment, with AI-related hiring outpacing job losses so far, according to Nomura Holdings Inc.

India recorded 83,100 AI-related hires from 2022 through August 2026, compared with 31,921 layoffs and attrition, according to Nomura Holdings Inc.