Economy & Policy News

Falling Russian crude oil imports drag down pvt ports' growth to 2% in FY26

In comparison, central government-owned ports grew 9%

Trade deal details being finalised; agri, dairy sectors protected: Goyal

Addressing a press conference, Goyal said India secured more favourable terms than several comparable countries that have entered into trade arrangements with the United States

US-India tariff reset lifts engineering exports; auto components lead gains

India's engineering exports to the US are set to regain momentum after reciprocal tariffs were cut to 18%, with auto component makers expected to benefit the most

US tariff cut to boost India textile exports, double-digit growth seen

With the US agreeing to cut tariffs on Indian goods to 18%, industry expects India's textile and apparel exports to gain a competitive edge and post double-digit monthly growth from FY27

Budget 2026: Food subsidy seen rising 12% in FY26 on higher procurement

Officials said the higher provisioning also means that the Food Corporation of India might not have to rely on borrowing or any other means in FY27 to fund its shortfall

India-US trade deal could boost FY27 growth by 20-40 basis points

Economists say the India-US trade deal could lift FY27 GDP growth by 20-40 basis points by boosting exports and reducing uncertainty, though risks from imports remain

No clarity yet: Kremlin on India halting Russian oil imports after US deal

Kremlin spokesman Dmitry Peskov said Russia is closely examining US President Donald Trump's comments on ties with India and, as of now, has not received any statements from New Delhi

India-US Trade deal has ended a great deal of uncertainty: DEA secy

DEA Secretary Anuradha Thakur says the India-US trade deal has lifted uncertainty and the government is hopeful of greater buoyancy, even as Budget maths remains transparent

'Dark clouds of uncertainty lifted': DFS secretary on India-US trade deal

Secretary of the Department of Financial Services M Nagaraju urged industry leaders to be cheerful about the India-US trade deal

India-US trade in context: How it compares with the EU, China and others

India and the US have announced a trade deal to ease tariffs. Here's how the India-US trade relationship compares with India's major partners and the world's largest trade corridors

India-US trade deal positive for labour-intensive sectors : Moody's

Moody's said the trade deal will reinvigorate India's goods export growth to the US, which remains the country's largest goods export market

'An important and positive first step': USISPF on US-India trade deal

A BTA between the two nations would deliver meaningful benefits for businesses, workers, and consumers in both countries, while strengthening supply chains and economic resilience, it added

US trade deal could push India's growth above forecast: CEA Nageswaran

Nageswaran's bullishness was echoed by Indian markets, with the rupee posting its biggest gain in more than three years and stocks jumping the most since 2021 on Tuesday

India's rice exporters hope to boost shipments to US after tariff cut

Exporters expect improved competitiveness and higher shipments to the US after the proposed reduction in American tariffs on Indian goods to 18 per cent from 50 per cent

Indian refiners face challenge as Trump says country won't buy Russian oil

Along with price discounts, India must replace around 1.7 million barrels per day of average Russian crude imports

India's seafood exports to US set to rebound after tariff cut to 18%: SEAI

Fish exports to the US fell 15 per cent by volume to 201,501 tonnes in the April-November period of the current fiscal year

India likely to buy petroleum, defence goods, aircraft from US under deal

Trump announced a trade deal with India that slashes US tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade ​barriers

India-US trade deal explained: What we know and what remains unclear

Even as both PM Modi and Trump hailed the agreement, details on several key issues, including agriculture, India's purchase of Russian oil and the services sector, remain unclear

US tariff cut to 18% to boost Indian rice exports, says exporters' body

The revised tariff structure would place India on a par with competitors like Thailand and Pakistan, which currently face duties of approximately 19 per cent

Indian refiners likely to need wind-down period to halt Russian oil imports

Indian companies have already booked cargoes loading in February and arriving in March, so a wind-down period would be needed to fulfil existing commitments