Economy

West Asia conflict may turn supply shocks into demand shocks: RBI Bulletin

Flags upside risk to inflation; early signs of deceleration of some indicators

Oil firms lose ₹20/l petrol, ₹100/l diesel; no plan to hike price: Govt

The ministry said such reports are "designed to create fear and panic amongst the citizens and are mischievous and misleading"

Bernstein flags structural risks to India growth in open letter to PM

Global brokerage Bernstein cautions India may under-deliver on growth potential without reforms, flagging risks from AI disruption, weak manufacturing gains and rising welfare spending

Outward remittances under RBI's LRS rise 19.06% in February 2026

India's outward remittances under LRS surge in February, led by travel and investments, even as education-related spending remains subdued

West Asia war, supply issues may pose challenges to economy: RBI Bulletin

The conflict in West Asia has intensified pressures on the global supply chains in March with some easing observed in the first half of April

RBI net buys $7.41 billion in forex market in February, shows bulletin

During the month, the RBI purchased $21.4 billion and sold $13.99 billion. In January, it had net bought $2.5 billion

India's billionaire population to grow by 51% to 313 by 2031: Knight Frank

India's billionaire count is set to jump 51% by 2031, outpacing China and the US, as rapid wealth creation and strong real estate demand reshape the country's economic landscape

War-risk premiums surge: Can ₹12,980 cr maritime pool steady trade costs?

War-risk premiums have surged sharply, raising shipping costs. India's ₹12,980 crore Bharat Maritime Insurance Pool aims to stabilise coverage, but whether it can make trade cheaper remains uncertain

Manufacturing lifts India's private sector activity in April: Report

India's private sector activity recovered in April with PMI rising to 58.3, driven by manufacturing output and sales, though input costs remained elevated amid fuel and raw material pressures

West Asia crisis: Rice exports dip 7.5% to $11.53 billion in 2025-26

Iran is India's top basmati rice export destination, but the shipments are witnessing growing stress on order flows, payment cycles, and ship schedules due to the prevailing instability

April flash composite PMI at 58.3 as demand pushes manufacturing growth

The flash manufacturing PMI stood at 55.9 compared to 53.9 in March, while the services PMI came in at 57.9 versus 57.5 earlier

India 'tough nut to crack' on trade, says USTR Greer after latest talks

Greer was responding to questions by lawmakers on exports of DDGs, which are used as high-protein livestock feed, soybean meal and ethanol

Bernstein flags jobs, AI, and subsidy risks in open letter to PM Modi

The brokerage says India's growth story could under-deliver without faster reforms as AI threatens services jobs, subsidies rise and manufacturing struggles to absorb labour

New Zealand's opposition Labour Party to back free trade deal with India

New Zealand and India concluded a free trade deal in December that will eliminate or reduce tariffs on 95 per cent of New Zealand's ‌exports to India

Record seafood shipments mask stress in key markets, say exporters

India's seafood exports hit a record in FY26, but exporters warn that rupee depreciation and weak demand in key markets like the US mask underlying stress

India fiscal deficit may breach target, rise to 4.5% in FY27: BMI

Fitch warns India's fiscal deficit may exceed the FY27 target due to higher subsidies and policy support, while Moody's sees rising inflation and unemployment risks

West Asia conflict prompted MPC status quo, flag external sector risks

RBI holds rates amid West Asia risks, as MPC flags inflation, supply shocks, and external pressures while maintaining a cautious growth outlook

RBI proposes measures to strengthen Prepaid Payment Instruments framework

Accordingly, a draft Master Direction on Prepaid Payment Instruments was issued, and comments were invited by May 22, 2026

MPC members voted for status quo on rates amid W. Asia crisis: RBI minutes

The central bank's six-member MPC voted unanimously to keep the benchmark repurchase rate at 5.25 per cent

India can sustain growth despite crude at $90-100 per barrel: Assocham

India can sustain economic growth despite crude prices in the $90-100 per barrel range, supported by strong consumption, infrastructure spending and macroeconomic resilience