Economy

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

India rose to 11th among top FDI destinations in 2025: UN report

UNCTAD says FDI inflows rose to $38.89 billion in 2025 as India strengthened its appeal for advanced manufacturing, although announced greenfield investments moderated amid global uncertainty

Why India's pension sector reforms need stronger demand from workers

While pension reforms and new retirement products are expanding choices, experts say changing younger workers' perception of retirement savings is crucial to boosting participation

Govt clears ₹1,238 cr PM-SETU investment plans, expands to 200 ITI clusters

The Centre has approved Strategic Investment Plans worth Rs 1,237.58 crore under PM-SETU and expanded the skilling programme beyond its pilot phase to all 200 identified ITI clusters

Indian state refiners ready for Iranian oil if US extends waivers

The companies, however, have little room to buy Iranian oil immediately, having fully contracted shipments required through August after they sought to secure supplies in advance during the war

FTAs to help boost leather, footwear exports reach $14 billion by 2030: CLE

Council for Leather Exports (CLE) Chairman Ramesh Kumar Juneja said that they are eagerly waiting for a trade pact with the US, as it is India's largest export destination

MRPL first state refiner to charter Iraqi crude cargo since Hormuz blockade

MRPL has booked the Aframax tanker Jasmin Joy to load crude from Iraq's ‌Basrah oil terminal on July 19-20