
Industry and services sectors see 20%-plus credit offtake growth
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Bank of England chief Andrew Bailey said the rapid development of advanced AI models could allow cyber vulnerabilities to be identified more quickly, potentially giving attackers greater ability to exploit weaknesses across financial institutions and critical systems.
Amid the external headwinds, the finance ministry highlighted that the domestic economy retained its vigour in August, with demand remaining strong and the external sector displaying stability.
US Fed Chair Kevin Warsh feels there is a surge in global investment that is powering growth and reversing past rush to save to bring capital back into play instead of remaining idle, Reuters reported.

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India's 7.8% real GDP growth in Q1 FY27 reflects resilience despite global uncertainties and West Asia tensions, CEA V Anantha Nageswaran said. Manufacturing, services, exports and consumption remained strong, while fiscal risks have eased.
Retail, wholesale trade and IT services also record strong growth, according to data released by MoSPI.
CM Bhupendra Patel said Gujarat has emerged as a global investment destination and has attracted $74.6 billion worth investment during January 2000 and March 2026.
Strong tax and non-tax receipts helped keep India's fiscal position well in check through July, even as capital expenditure and subsidy spending accelerated in the first four months of FY27.
India’s economic growth came amid geopolitical uncertainties caused by continuing conflict in West Asia, late onset of the southwest monsoon and uncertain tariff policies.

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Gig work has dealt a body blow to the humane side of employment. Even those who are constantly engaged in earning a living are subjected to inhuman stress.
Consumers will be able to shift existing AutoPay mandates to another UPI app instead of cancelling and recreating subscriptions, insurance premiums, SIPs or loan repayments, while merchants will be able to move existing mandates to another payment provider when they switch gateways.
Import prices of DAP and MOP have jumped, more than offsetting the decline in prices of urea. This may end up pushing fertilizer subsidy beyond the FY27 estimate, straining the exchequer.

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Commerce Ministry will meet exporters and industry groups on September 1 to assess India-US trade and tariff concerns.
Mandatory quality certification under these orders raises costs, hurts MSMEs and makes goods more expensive