September 1, 2026: India’s economy recorded 7.8% growth, with Prime Minister Narendra Modi attributing the performance to the collective resolve of 140 crore citizens, while GST collections rose 14.8% year-on-year to ₹1,99,853 crore in August.
Top India Headlines
- India Records 7.8% Economic Growth, Says PM Modi
Prime Minister Narendra Modi said India’s 7.8% economic growth reflects the hard work and collective resolve of 140 crore citizens. He said the country continues to progress despite global challenges, including ongoing wars. - GST Collections Rise 14.8% to ₹1.99 Lakh Crore in August
Gross GST collections rose 14.8% year-on-year to ₹1,99,853 crore in August 2026, according to provisional data released by the Finance Ministry. Collections stood at ₹1,74,116 crore in August 2025. - GOBARdhan Central Sector Scheme with ₹23,731 Crore Outlay Comes into Effect
The GOBARdhan Central Sector Scheme, with a total outlay of ₹23,731 crore, came into effect on September 1. The scheme aims to scale up the production and use of Compressed Biogas and will be implemented until 2035-36. - Sitharaman Says India Can Adapt to Global Economic Changes Without Derailing Growth
Finance and Corporate Affairs Minister Nirmala Sitharaman said India has demonstrated its ability to adapt to global economic changes without allowing growth to be derailed, while acknowledging the country’s dependence on imported energy and fertilisers. - India Participates in G20 Finance Ministers and Central Bank Governors Meeting
India participated in the final day of the two-day G20 Finance Ministers and Central Bank Governors meeting in Asheville, United States. Finance Minister Nirmala Sitharaman led the Indian delegation to the meeting held under the US G20 presidency. - Government Revises Special Additional Excise Duty on Fuel Exports
The Central Government revised the Special Additional Excise Duty on exports of petrol, diesel and Aviation Turbine Fuel as part of its latest fortnightly review. The export levy on petrol was raised to ₹1.50 per litre. - Government Begins Onion Buffer Stock Release Through Kanda Express
The government began a calibrated and targeted release of onion buffer stocks through the Kanda Express and road transport to ensure adequate availability and moderate seasonal price pressures. - Sensex Falls 13 Points, Nifty Declines 25 Points
Domestic equity markets ended marginally lower on September 1. The Sensex declined 13 points to close at 76,944, while the Nifty fell 25 points to settle at 24,056. - Gold Falls 1.7%, Silver Declines Over 2.8%
In the Indian bullion market, 24-carat gold fell 1.7% to ₹1,53,183 per 10 grams. Silver declined more than 2.8% to ₹2,30,419 per kilogram. - Asian Markets Mixed as Major European Indices Trade Lower
South Korea’s Kospi gained more than 0.2%, while Japan’s Nikkei 225 declined over 0.1%. In Europe, Germany’s DAX was down 0.9% and London’s FTSE 100 fell by more than 0.5%.
