Economy

India questions US tariff proposal on forced labour at USTR hearing

Indian govt has said exemptions and preferential tariff treatment under the proposed framework undermine its objective of tackling forced labour and urged the issue be addressed through trade deals

India's energy intensity falls 30% since 1991, easing oil shock risks

This means that while the economy may use larger amounts of energy on an absolute basis as it grows, it is now generating more output per unit of energy consumed than before

Govt waives basic customs duty on key electronics manufacturing components

Exemption on inputs used to make display assemblies, lithium-ion cells and inductor coil modules is to boost domestic manufacturing under PLI scheme and will remain in force till March 31, 2029

ADB cuts India's FY27 growth forecast to 6.6% on higher oil prices

ADB attributed the downgrade to elevated energy prices, which it said are eroding household purchasing power and weighing on private demand

PM Modi invites Australian businesses to invest in India, pushes for CECA

Addressing the Australia-India CEOs Forum in Melbourne, PM Modi called for an early conclusion of the proposed Comprehensive Economic Cooperation Agreement to deepen trade and investment ties

Hardeep Puri questions eruption of 'controversy' over ethanol blended fuels

Petroleum minister says E20 has been used safely for nearly two years and argues higher ethanol blending will reduce crude imports, support farmers and strengthen India's energy security

IMF trims India's FY27 growth forecast to 6.4% from 6.5% in April

The IMF has cut India's FY27 growth forecast to 6.4 per cent, saying higher energy prices outweigh resilient economic activity, while raising its FY28 projection

India considers Rs 40,000 crore undersea power cable to UAE: Power minister

The proposed 1,600-km undersea transmission cable with the UAE is part of India's 'One Sun, One World, One Grid' vision to strengthen cross-border power connectivity

India-EU FTA likely to be rolled out by Apr-Jun 2027: EU chief negotiator

The India-EU free trade agreement is likely to take effect in the April-June quarter of 2027 after ratification, according to the European Commission's chief negotiator

Russia bans diesel exports after Ukrainian drone attacks hit refineries

Russia's temporary diesel export ban has pushed global fuel prices to multi-year highs, adding fresh pressure to energy markets already disrupted by the Iran war

Negotiators give fresh push to FTA with Asean after missing 2025 deadline

India and Asean have asked negotiators to expedite the review of their free trade agreement after missing the 2025 deadline, with talks focused on resolving pending chapters

Odisha plans end-to-end digital, cashless property registration overhaul

Odisha will introduce a fully online, paperless and cashless land registration system, enabling citizens to complete most property registration procedures digitally

Rupee hits one-month low as oil soars after Trump says Iran deal is 'over'

The rupee fell to a one-month low against the dollar as oil prices surged after Donald Trump said the Iran accord was "over", raising supply disruption fears

Phase 1 of Dharavi redevelopment to be completed in 18 months: Fadnavis

He also said the state has identified 19 cluster redevelopment projects across Mumbai as part of its strategy for planned urban renewal and housing

France pitches processing partnership for India's rare earth ambitions

French official says India should invest in rare earth processing and refining before domestic mines start production, while expanding technology, financing and research partnerships

Alphabet-led project drives 44% jump in India's foreign investment: UN

Total FDI rose 44% to $39 billion last year, UN Trade and Development said in its annual World Investment Report released Tuesday

Centre plans to zero in on about 500 districts to boost MSME exports

The Centre plans a district-level export push covering 500 districts, with dedicated MSME support, quality labs, certification aid and logistics subsidies

A new index at the factory gate: Why India's PPI matters beyond inflation

After more than two decades in the making, India's Producer Price Index is beginning to reshape industrial output, GDP measurement and the country's broader statistical framework

E-way bill generation rises 14.5% in June to fourth-highest monthly level

E-way bill generation under the GST regime rose 14.5 per cent year-on-year to 136.77 million in June, signalling resilient goods movement, domestic trade activity and tax compliance

Over 140K guarantees worth ₹1.55 trillion issued under ECLGS 5.0: Govt

The finance ministry said over 140,000 guarantees worth more than Rs 1.55 trillion have been issued under ECLGS 5.0, with MSMEs accounting for the overwhelming majority of beneficiaries