Economy

The Centre has set up a multi-ministry support desk to assist exporters and importers as the West Asia conflict disrupts cargo movement, congests ports and heightens logistics challenges

However, the latest figure was significantly lower than the Flash India Manufacturing PMI of 57.5, released last month

India has signed a $1.9 billion uranium supply deal with Canada's Cameco for deliveries from 2027 to 2035, part of a wider strategic energy partnership spanning renewables and fuels

India's current account deficit widened to $13.2 billion in Q3FY26 as the trade gap expanded, though higher services receipts, lower investment outflows and stronger remittances provided some support

A major proportion of India's crude oil imports flows through the Strait of Hormuz, which remains an important trade point in the Gulf

India's AI ambitions hinge on strong GCC growth and tax certainty through safe harbour rules and APAs, enabling innovation, investment and equitable digital transformation

FMCG firms exporting to West Asia are monitoring the Iran conflict as rising crude prices and supply chain risks threaten higher packaging and freight costs, with exporters bracing for volatility

India's EV slowdown is rooted in weak customer insight and how new ideas are adopted

The current account deficit stood at $11.3 billion, or 1.1 per cent of GDP, in the corresponding quarter of 2024-25

India and Canada sign a $2.6 billion uranium deal to secure fuel for India's nuclear plants, boost clean energy plans and fast-track a wider trade pact between the two countries

January's industrial output growth was pulled down by subdued performance in the mining and manufacturing sectors, the data showed

Govt has made a record $130 bn allocation for infrastructure development in Budget, PM Narendra Modi said at the India-Canada CEO forum

In February last year, the retirement fund body retained the 8.25 per cent rate of interest for FY2024-25

Oil jumps up to 13% after Iranian attacks disrupt shipping through the Strait of Hormuz, raising fears of inflation and higher US gasoline prices

Higher commodity prices would raise consumer and producer inflation, potentially forcing central banks to pause their easing cycles or even raise policy rates, it said

The ‌traders noted that the central bank's dollar sales via state-run banks were not aggressive, and were likely intended to limit volatility

The overall result suggests India's economy ‌is expected to remain resilient this quarter after posting 7.8 per cent growth in October-December

With tensions escalating in West Asia, the government is assessing possible disruptions to shipping routes and logistics as exporters warn of rising costs and wider trade risks

US and Israeli strikes that killed Ayatollah Ali Khamenei have deepened open conflict with Iran and rattled West Asia, disrupting sea routes via Strait of Hormuz, fuelling oil price spike

Economists expect India's FY27 growth to exceed 7 per cent under the new GDP series, supported by capex push and consumption, though trade tensions and El Nino risks loom