Economy & Policy News

India's strong growth outlook intact despite global volatility: Govt

Anuradha Thakur, Secretary in the Department of Economic Affairs, said India continues to stand out as a reliable and rapidly expanding economic partner

IMF urges targeted buffers, reforms for India amid West Asia shock

IMF advises India to deploy fiscal buffers through targeted support as prolonged West Asia crisis could intensify energy shocks and disrupt growth across Asia

Russian oil flows to India to continue despite US ending sanctions waivers

Indian refiners plan to continue sourcing Russian crude from non-sanctioned suppliers and vessels despite US decision not to renew temporary sanctions waivers

India, Russia explore deeper steel sector cooperation at joint round table

Both sides reviewed existing engagements and discussed expanding cooperation across the steel value chain and related industries, according to an official statement

Currency in circulation rises 12% in FY26; growth highest since FY21

Currency in circulation rises to Rs 41.68 trillion in FY26, driven by rural recovery and precautionary demand, even as digital payments continue to expand rapidly

US Sec 301 investigation: India Inc rejects excess capacity premise

In submissions to USTR, industry bodies flag risks to supply chain ties

India, New Zealand to sign FTA on April 27, aim for $20 bn investments

The free trade pact aims to provide tariff-free access to the island nation's market for domestic exporters' goods and will bring in $ 20 billion in investment over the next 15 years

Why India slipped to 6th spot in IMF GDP rankings despite strong growth

India slipped to sixth in IMF GDP rankings due to rupee depreciation and base revision, even as the economy continued strong growth and is expected to regain position soon

India-Zambia talks on critical minerals stall over mining rights concerns

The exploration programme in Zambia was set to run for three years, after which New Delhi had planned to invite private sector companies to participate, subject to securing mining rights

Domestic LNG importers scoop up spot shipments after prices recede

The purchases mark a turnaround after Indian buyers had earlier limited spot purchases and canceled tenders because offers were too expensive

Delimitation and proportionality: Why southern states are raising concerns

As the govt considers increasing Lok Sabha seats, concerns are rising in southern states that a population-based delimitation could reduce their share and alter India's federal balance

'Iran war may be as disruptive for India as Covid; long-term impact likely'

Although the government is sticking to its forecasts of 6.8 per cent-7.2 per cent for the fiscal year through March 2027, several economists have already started to downgrade their projections

China's economy grows at 5% in Q1, shrugging off initial impact of Iran war

The war is pushing energy prices higher, worsening inflation and impacting global economic growth. But longer term, areas including global demand for Chinese exports could take a hit

How delimitation could shift India's fiscal balance and growth model

Seat redistribution through delimitation could reshape India's fiscal balance, affecting how funds are distributed and how states negotiate resources

Indian envoy meets US Trade Representative amid ongoing talks on trade deal

India and the US were initially planning to sign the trade deal in March, but changes in the tariff landscape following the US Supreme Court ruling have altered the situation

WPI inflation rises to 38-month high of 3.88% in March on fuel, inputs

Wholesale inflation surged to a 38-month high in March, driven by fuel, primary goods, and manufactured products, with analysts expecting further upward pressure

India eyes more LNG, LPG imports from US; both sides explore SMR ties

Modi and Trump spoke for 40 minutes on Tuesday, with American Ambassador to India Sergio Gor later indicating that the two sides are poised to conclude several "big-ticket" deals soon

FY26 exports grew despite tariffs, but impact of West Asia war looms

Goods shipments in March at 1-year high, imports dip

Heavy coal use, RE growth to insulate India from spike in power tariffs

India's reliance on domestic coal and rapid renewable energy expansion could shield it from global power tariff shocks, even as fuel prices surge amid the West Asia conflict

China becomes India's top trade partner in FY26; deficit widens to $112 bn

India's exports to China rose 36.66 per cent to $19.47 billion during the last fiscal year, while imports increased 16 per cent to $131.63 billion