India's economic growth slowed much more than expected in the third quarter, hampered by weaker expansions in manufacturing and consumption, likely adding pressure on the central bank for interest rate cuts.

The world’s fifth-largest economy grew 5.4% from a year earlier in the third quarter, the slowest pace of growth since the fourth quarter of 2022.

India's fiscal deficit for April-October was 7.5 trillion rupees ($88.79 billion), or 46.5% of the estimate for the year ending March 2025, government data showed on Friday. Net tax receipts for the first seven months of the financial year were 13.

Indias fiscal deficit for the first seven months of the 2024-25 financial year reached 46.5% of the full-year target, according to data released by the Controller General of Accounts (CGA) on Friday.

The Centre's fiscal deficit at the end of the first seven months of the financial year 2024-25 touched 46.5 per cent of the full-year target, government data showed on Friday. In absolute terms, the fiscal deficit -- the gap between the government's expenditure and revenue -- was at Rs 7,

India has issued a notice to German automaker Volkswagen for allegedly evading $1.4 billion in taxes by "wilfully" paying lesser import tax on components for its Audi, VW and Skoda cars, a document shows,

The imports were made by Volkswagen’s local unit, Skoda Auto Volkswagen India, for models like the Skoda Superb and Kodiaq, Audi A4 and Q5, and the VW Tiguan SUV. Volkswagen allegedly misclassified and mis-declared these imports as “individual parts”,