OIL CONSUMPTION GROWTH
India's oil-demand growth set to outpace China, says Trafigura Group
India's oil demand is expected to surpass China's this year. This excludes China's strategic stockpiling. Urbanization and rising incomes are driving India's growth. China's crude consumption is slowing, except in petrochemicals. China's stockpiling supports global crude prices. Experts question if future demand can absorb increasing oil supply.
Trump’s tariffs could reduce India's GDP by 0.5%, says CEA Anantha Nageswaran
India’s CEA V. Anantha Nageswaran said US President Trump’s 50% tariffs could trim India’s GDP by 0.5–0.6% this year, with greater risks if extended. The tariffs hit exports like textiles and jewellery, India’s key US markets. Still, he maintained a 6.3–6.8% growth outlook, citing strong Q1 growth, tax cuts, low inflation, GST relief, and fiscal support.
GST cuts elude detergents, cosmetics; analysts and FMCG players say it's surprising
Industry experts are surprised that detergents and cosmetics remain under the 18% GST slab despite the govt's restructuring aimed at boosting consumer spending. While taxes on essential FMCG products like soaps and toothpaste have been reduced to 5%, detergents, hair dye, and household insecticides were excluded.
GST Council slashes tax slabs to two to spur consumption; announces key measures for middle class
GST Meeting News: The Goods and Services Tax (GST) Council has streamlined India's indirect tax system. It reduced the existing four tax slabs to two. Many items will become cheaper as they move to lower tax brackets. This aims to boost consumer spending. The change follows Prime Minister Narendra Modi's promise of a GST overhaul.
New GST rates, coming into effect this Navratri, to boost economy: Ashwini Vaishnaw
Union Minister Ashwini Vaishnaw announced that the 2025-26 Budget's income tax relief and GST rate rationalization will significantly boost India's economy. Effective September 22, the GST reforms will simplify taxation, reduce rates on daily-use goods, and stimulate consumption, potentially adding Rs 20 lakh crore to the GDP.
GST Bonanza: Consumer chiefs vow to start slashing your bills...
Leading consumer goods companies, including HUL, Britannia, and Amul, are swiftly reducing prices and increasing grammage to pass on the benefits of recent GST rate cuts to consumers. This move is expected to boost demand, drive volume growth, and deepen market penetration, particularly for daily essentials and segments like air conditioners and televisions.
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GST rationalisation could increase pressure on the oil and gas sector, says ICRA
The Goods and Services Tax rationalisation is set to impact various Indian sectors. Oil and gas may face increased production costs. However, consumer demand and producer sentiment are likely to improve. Renewable energy projects can expect reduced capital costs. The automobile industry anticipates a revival in sales. Rural housing will benefit from lower cement taxes.
Festive GST bonanza may cool India’s inflation by up to 90 bps
India's GST Council has reduced tax rates on essential and household goods, effective September 22, coinciding with the festive season. Economists predict a 50-90 basis point moderation in inflation over the next year due to these cuts.
GST 2.0 to boost FMCG consumption, larger packs items to get benefit from price cuts: Nuvama Report
A new report suggests that the FMCG sector in India is set to benefit from recent GST rate revisions. Nuvama's report indicates that tax cuts will likely lower consumer prices and improve company margins. Categories like biscuits and toothpaste will see changes. Britannia and Hindustan Unilever are expected to gain significantly. However, rates for detergents and cosmetics remain unchanged.
GST cuts: No impact on edible oil, but boost to processed foods demand says Adani Wilmar CEO
GST cuts on margarine, soya nuggets, jams, and jellies are set to boost India’s processed food sector, says Adani Wilmar CEO Angshu Mallick. The reduced rates make plant protein and margarine more affordable, benefiting consumers, farmers, and bakeries, while rural demand is expected to strengthen, driving sector growth.
Bankers say GST Council decision to boost consumption, credit growth
Bankers anticipate that the GST Council's recent decisions, including reduced tax rates on various goods, will significantly boost consumption and credit expansion. This reform, effective September 22, 2025, is expected to increase disposable incomes, stimulate demand across sectors like retail and agriculture, and ultimately drive substantial economic growth. Businesses will also benefit from simplified compliance and improved competitiveness.
GST reforms: Grocery essentials to be cheaper by nearly 15%
Following GST reforms, prices of essential groceries like biscuits, soaps, and noodles are expected to decrease by 10-15%, potentially boosting demand in the FMCG sector. Tax reductions on items like butter, cheese, and chocolates aim to make them more accessible, while sugary drinks remain taxed at 40%. Analysts anticipate benefits for major FMCG companies.
GST rate cuts will improve affordability and give a fillip to consumption: Morgan Stanley
Morgan Stanley anticipates a significant boost in consumption due to the GST structure rationalization, particularly benefiting low-income households. Effective from September 22, the simplified two-rate system will make various goods and services more affordable, coinciding with the festive season.
GST 2.0 trigger throws up over 90 stock ideas as rate cuts may spark new market cycle. Full list
The GST Council's sweeping rate cuts across sectors have ignited a market rally, with auto, FMCG, cement, insurance, and consumer durable stocks in sharp focus. Two-wheelers, small cars, cement, insurance, and packaged goods are now significantly cheaper. Analysts expect stronger consumption, improved margins, and GDP growth. Key beneficiaries include M&M, ITC, Hero MotoCorp, UltraTech, and SBI Life.
GST revamp to add 30 bps to growth, say economists
India's economic growth is projected to receive a 0.2-0.3% boost due to the recent GST rationalization, simplifying the tax structure to two main slabs. Experts anticipate strengthened consumption, particularly benefiting the middle class with reduced rates on essential items and electronics.
The energy transition is now a national security issue. Just ask India
India faces scrutiny over Russian oil imports, highlighting energy security concerns. The nation heavily relies on oil imports but is more self-sufficient in electricity, mainly from coal and renewables. While oil dependence seems strong, boosted by discounted Russian oil, India is pushing for electrification and renewable energy.
Explained: How PM Modi's Rs 48,000 crore GST gift impacts stock market investors
Prime Minister Modi's GST reforms, carrying ₹48,000 crore revenue implications, have sparked a market rally. The simplification of GST architecture, with rate reductions, is expected to boost consumption across sectors like automobiles and FMCG. Analysts project a significant GDP growth and increased corporate earnings, making investors optimistic about sustained market gains.
ITC, HUL, other FMCG stocks surge up to 7% as GST on daily essentials slashed to 5%
Fast-moving consumer goods companies saw a surge after the GST Council reduced tax rates on essential items. Stocks of Britannia Industries, Dabur, and Colgate-Palmolive rose sharply. Hindustan Unilever and ITC also experienced gains. The new rates will be effective from September 22, 2025.
Russian crude's share rises 5% in a shrunk August basket
India's crude imports hit a 10-month low in August due to weaker domestic demand, even as Russian supplies increased by 5.6% to 1.67 mbd, raising its share to 37%. Imports from Iraq, Saudi Arabia, and the US declined, while the UAE emerged as a significant gainer. Discounts on Russian oil continue to attract Indian refiners, despite pressure from the US.
GST 2.0 is here: From namkeens to biscuits, your kirana basket just got cheaper
India's GST 2.0 slashes taxes on mass-consumed goods like namkeens and biscuits, aiming to ease household budgets and stimulate demand. This significant indirect tax reset, following income tax cuts, seeks to boost disposable incomes and reinforce consumption-led growth.
JM Financial turns bullish on consumption, bearish on banks & infra. Check portfolio details here
JM Financial has rebalanced its model portfolio, turning bullish on consumption sectors like autos, consumer, cement, internet, hotels, and real estate, while cutting exposure to banks, NBFCs, insurance, infrastructure, ports, and defence, citing fiscal constraints and weak credit growth as key concerns.
PM Modi calls out 'economic selfishness' of other nations; lauds India's GDP growth
Prime Minister Narendra Modi on Tuesday hailed India’s 7.8% GDP growth in Q1 FY26, saying the country has remained resilient amid global uncertainties and “economic selfishness.” He described the growth as broad-based and visible across all sectors, saying it strengthens India’s path to becoming the world’s third-largest economy.
SCO Summit optics misleading; China still a strategic rival, warns Swaminathan Aiyar
Donald Trump's claim about India agreeing to reduce tariffs to "almost nothing" has been dismissed by economist Swaminathan Aiyar as unpredictable rhetoric. Aiyar argues that Trump's tariff war is more about geopolitics, stemming from India's stance on Russia and oil imports. Despite external pressures, India's economy shows resilience, with GDP growth surpassing expectations, indicating a capacity to withstand tariff pressures.
India's fuel demand slows down in August
India's fuel demand growth slowed in August, impacting overall oil consumption. Petrol, diesel, and cooking gas saw reduced growth compared to April-July. Jet fuel consumption declined significantly, influenced by factors like tensions with Pakistan and the Air India crash. This slowdown, coupled with global economic concerns, could affect India's oil imports and has global implications as well.
Nifty extends its losing streak into August. Will GST talks, upbeat GDP, and Modi’s China visit break the slide?
Indian equities closed August with a second consecutive month of losses as Nifty fell 1.38%, pressured by U.S. tariff shocks, foreign fund outflows, and profit-taking. Despite this, strong GDP growth and upcoming GST reform talks provide potential buffers. Geopolitical developments, including Modi’s China visit, and domestic growth triggers will test whether markets can recover in September.
India Playbook 2025: Proposed tariff imposition from US punishes Indian market despite resilient economy
Global equities rallied on US-Russia talks, but Indian markets lagged, with FIIs turning sellers amid tariff fears, weak Q1 topline growth and slowing consumption. Yet, GST reforms and discounted Russian oil imports may cushion the economy.
Ajay Bagga says GST tax cuts could spark market rebound, boost demand
Ajay Bagga expects Indian markets may have bottomed out, citing minimal Q1 downgrades and signs of recovery. He sees the upcoming GST Council meeting and potential consumption tax cuts as critical catalysts for growth.
GDP growth reflects India's broader economic progress: Petroleum Minister Hardeep Singh Puri
Over the decades, PSPB athletes have consistently brought laurels to India, with as many as 151 national awardees having been PSPB sportspersons. These include 3 Padma Bhushan, 13 Padma Shri, 10 Major Dhyan Chand Khel Ratna, 1 Dronacharya Award, 7 Dhyan Chand Lifetime Achievement Awards and 117 Arjuna Awardees.
Dead economy, anyone? India's GDP growth at five-quarter high of 7.8% in Q1 FY26
India's economy experienced a robust surge, reaching a five-quarter high of 7.8% in April-June, propelled by strong manufacturing and services sectors. However, experts caution that this growth may face challenges due to newly imposed US tariffs on Indian imports of Russian oil.
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