Economy

Crude scenario: Indian refiners to benefit if Iran oil opens for trade

If US and UN sanctions ease, Iranian crude could return to Indian refineries, offering a cost-effective alternative as Russian oil flows shrink

Base-year revision to facilitate calibrated policies: RBI Governor Malhotra

RBI Governor Sanjay Malhotra says base year revision of GDP, CPI and IIP will enable more calibrated policymaking, improve inflation targeting and better reflect India's evolving economy

Piyush Goyal says India-EU FTA will be the 'mother of all deals'

Piyush Goyal calls proposed India-EU free trade agreement the "mother of all deals", saying talks are near conclusion with no compromise on India's core interests

India-EU trade deal will be 'mother of all deals', says Piyush Goyal

Calling it the "mother of all deals", Commerce Minister Piyush Goyal said the India-EU free trade agreement would be a balanced and mutually beneficial trade pact

CBIC extends export incentives to postal shipments from January 15

Extending export incentives to postal shipments will make global e-commerce more accessible for small businesses in Tier-2 and Tier-3 towns

Foreign exchange reserves increase $392 million to $687.19 billion

In the previous reporting week, the overall kitty had dropped by $9.809 billion to $686.80 billion

India remains global growth engine, will upgrade forecast soon: IMF

The IMF said India continues to anchor global growth, adding that recent economic data has outperformed expectations and could prompt a higher growth projection in its January review

Trade powerhouse Gujarat's record slips over petroleum product exports

Relying on the volatile sector has caused the state's share of national exports to slide

India, EU likely to conclude much awaited FTA talks on January 27

'Sensitive' agri issues may be off the table

Unemployment rate inches up in Dec to 4.8%, still the second-lowest in FY26

The unemployment rate had fallen to an eight-month low of 4.7 per cent in November

Houses with Metro access show better financial discipline: EAC-PM paper

Housing lenders could treat metro connectivity as a mitigating risk factor, argues PM-EAC

India's exports rise 1.8% to $38.51 bn in Dec; trade deficit widens

Total exports for the month hit $38.51 billion despite geopolitical challenges, says government

Unemployment rate rises marginally to 4.8% in December: Govt data

The overall UR is estimated at 4.8 per cent in December 2025 against 4.7 per cent observed in November 2025

India-EU trade deal likely on Jan 27, EU leaders to attend summit in Delhi

President of the European Council Antonio Luis Santos da Costa and President of the European Commission Ursula von der Leyen will be on a state visit to India from January 25 to 27

India's Russian oil imports likely to dip again, stranding cargoes at sea

The country imported about 1.3 million barrels a day of Russian crude in December, according to data from ship-tracking firms Vortexa Ltd. and Kpler

Exports to China rose in 2025, but trade deficit hit record high at $116 bn

Indian exports to China which over the years struggled to make headway climbed to $19.75 billion between January and December last year

Smartphone exports may have topped $30 billion in 2025 on PLI push

Phones make up 38% of India's outbound shipments since 2021 on PLI push

Datanomics: US imposes 25% tariff, worsening Iran's economic stress

As the US slaps fresh tariffs on Iran's trading partners, India faces little fallout - but the move underscores Tehran's deepening economic stress under decades of sanctions

Maharashtra overtakes Tamil Nadu in NITI's 2024 export preparedness index

Maharashtra has emerged as the most prepared large state in NITI Aayog's Export Preparedness Index 2024, overtaking Tamil Nadu as several other states gain ground

India, US restart virtual trade talks; Sergio Gor presents credentials

India and the US have resumed virtual talks on a bilateral trade deal after the holiday break, with both sides signalling commitment but no timeline yet for in-person negotiations