Economy & Policy News

Trade deal: India gets zero-duty access on over 99% exports to Oman

Second Cepa with a Gulf nation; labour-intensive sectors to get full benefit

RBI likely made $30 bn intervention in FX market in Jun-Oct period

India's foreign exchange reserves stood at $703 billion in June 2025 but declined to $687.2 billion in the week ended December 5, as per the latest data released by the RBI

Stalin seeks solution to US tariff issue, warns of layoffs in textiles

Stalin said the impact is spreading across districts, with exporters in Tiruppur, Coimbatore, Erode and Karur facing a combined daily revenue loss of ₹60 crore

India's crude oil import bill flat in November despite higher purchases

India's oil imports were worth $9.9 billion, largely unchanged Y-o-Y in November, as global prices slid

Food-delivery platforms generate ₹1.2 trillion, support 1.37 million jobs

Study by NCAER and Prosus finds sector growing faster than economy, boosting restaurants and labour markets

Chhattisgarh Assembly passes its biggest supplementary budget of ₹35K cr

To strengthen the paddy procurement mechanism, ₹12,424 crore has been provided to the Chhattisgarh State Cooperative Marketing Federation (MARKFED) to offset procurement losses

India-Oman free trade pact to give new energy to bilateral ties: PM Modi

PM Modi informed the gathering about the reforms, including GST and IBC, India has implemented in the recent years

India consolidating role as global services exporter; EU, China lag: KKR

While Europe doesn't have a strong system for offering financial services, China needs a stronger domestic services industry to create jobs and help its economy move out of deflation

Why was India excluded from 'Pax Silica' tech bloc? US official responds

The US-led Pax Silica initiative seeks to secure the global silicon and AI supply chain. While Quad partners Japan and Australia are included, India's absence has raised questions

India 'potential partner' in supply chain security-related efforts: US

Under Secretary of State for Economic Affairs Jacob Helberg said that the US is having "ongoing conversations with India about ways of "deepening our economic security collaboration

MGNREGA work demand dips during peak sowing and harvest time, shows data

MGNREGA data show work demand typically dipped between July and November over the past 10 years before rising from December

Outbound shipments from India to China surge to $12.22 bn in Apr-Nov

Trend indicates Beijing is shifting its sourcing away from US, say officials

India can be global hub for research, learning with state-led reforms: CEA

India is uniquely placed to benefit from demographics, technology and AI adoption, but state-led reforms under NEP 2020 will determine whether the country can emerge as a global research destination

Global trade getting weaponised through tariffs, says Sitharaman

India, she said, only safeguarded its domestic industries against flooding which happens from a "predator"

Telecom exports up 72% since FY21, imports steady at ₹51,000 cr: Scindia

Scindia said telecom exports rose from Rs 10,000 crore in FY21 to Rs 18,406 crore in FY25 while imports stayed around Rs 51,000 crore, as satcom licensees complete compliance for security approvals

India may oppose US proposal to dismantle WTO's most-favoured-nation rule

India is set to oppose a US push at the WTO to dilute the MFN principle, calling it a threat to the core foundations of the multilateral trading system

CGD transportation cost set to come down by ₹1,000 crore annually

PNGRB has cut tariff zones to two and will apply the lower Zone-1 rate for CNG and domestic PNG nationwide, reducing delivered CNG prices by Rs 1.25-2.50 per kg and PNG by Rs 0.90-1.80 per SCM

Trade metrics: Tariff tantrums shape Indian exports in the 21st century

The first of a two-part series looks at India's export options: Tariffs are pushing a move towards diversification even as shipments to the US increase. It could be a win-win

Rupee snaps 5-day losing streak; logs sharpest recovery in over 7 months

The rupee rose 0.73% to 90.37 per dollar, snapping a five-session fall, as dealers cited likely RBI dollar sales to curb volatility after the currency hit fresh lows

India likely to record about 7 per cent growth in FY26: Gita Gopinath

Gopinath said that the IMF made its projection for India's growth before the National Statistical Office (NSO) came out with its July-September quarter growth rate of 8.2 per cent