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Data▲ Bullish for Indian equities
Government procurement from MSEs hits ₹48,635 crore in H1 FY27, H2 seen stronger
The brief
- MSEs received ₹48,635 crore of government procurement in H1 FY27, or 53% of the total
- The 53% share exceeded the 25% mandate; industry expects stronger procurement in H2
- Higher government purchasing could benefit listed suppliers and smaller businesses
- Fiscal deficit reaches ₹7.1 lakh crore, or 41.9% of FY27 target, by August
- Govt’s Rs 1 lakh crore deep-tech fund hits pause, TDB halts fresh applications
- SRIT India launches ₹218.40-crore IPO as GMP estimates vary
- Burnham hints at new taxes in UK for social reform
- Trump cancels nearly $1bn in US spending using rare ‘pocket rescission’ power: What is it?