Economy & Policy News
Current account deficit to widen to 2.3% of GDP in FY27 from 0.9% in FY26
While India is above all the thresholds currently, it would fall below the 10th percentile threshold if the estimates on the BoP play out
 "Current account deficit to widen to 2.3% of GDP in FY27 from 0.9% in FY26")
India buying Russian oil regardless of US sanctions waivers: Govt official
Sujata Sharma, Joint Secretary in the Petroleum Ministry, said India has been buying Russian oil irrespective of US sanctions waivers
 "India buying Russian oil regardless of US sanctions waivers: Govt official")
Indian markets can absorb shocks amid West Asia crisis, says Sebi chief
When there is a crisis in one part of the world, it also impacts the rest of the globe, Pandey told reporters here on the sideline of the Regional Investors Seminar for Awareness
 "Indian markets can absorb shocks amid West Asia crisis, says Sebi chief")
India can ride out crude supply disruption after Russian oil waiver ends
In May, flows are expected to come in at close to 1.9 million barrels a day, close to peak levels - though that still includes a period under the US permit that was allowed to expire over the weekend
 "India can ride out crude supply disruption after Russian oil waiver ends")
Govt directs state-run banks, insurance firms to cut costs, shift to EVs
The order, part of a broader austerity push, will cover institutions like the State Bank of India, Bank of Baroda and Life Insurance Corp of India and million of their employees across the country
 "Govt directs state-run banks, insurance firms to cut costs, shift to EVs")
Weekly policy watch: Core sector, bank credit, forex data in focus
India's macro calendar will be led by core sector, PMI, bank credit, deposit, and forex reserves data, while PM Modi's Europe visit will keep trade ties in focus
 "Weekly policy watch: Core sector, bank credit, forex data in focus")
India-EU ties can bring stability in unstable world: EU Commission Prez
Von der Leyen also underlined the importance of the EU-India Trade and Technology Council, saying it is paving the way for stronger collaboration in areas such as AI governance, semiconductors, etc
 "India-EU ties can bring stability in unstable world: EU Commission Prez")
PM Modi woos Swedish firms to invest in India, says reforms on fast track
Modi underlined that India today represents one of the world's most attractive destinations for investment, innovation and manufacturing
 "PM Modi woos Swedish firms to invest in India, says reforms on fast track")
Unexpected markets powered India's exports surge in April, shows data
Surge in shipments to smaller markets offsets weak demand from US and West Asia in April
 "Unexpected markets powered India's exports surge in April, shows data")
States' capex utilisation dipped to 77% in FY26 despite higher outlay
The state-wise picture also reveals a sharp churn at the top and bottom relative to the last financial year
 "States' capex utilisation dipped to 77% in FY26 despite higher outlay")
Act East must be zoned for Northeast: Meghalaya CM Conrad Sangma
Meghalaya CM pushes investment, connectivity and entrepreneurship while backing stronger Bangladesh ties
 "Act East must be zoned for Northeast: Meghalaya CM Conrad Sangma")
India-Netherlands seal 'strategic partnership', sign 17 agreements
The two nations sign 17 deals during Modi's two-day visit to The Hague
 "India-Netherlands seal 'strategic partnership', sign 17 agreements")
CM-designate V D Satheesan anchors hope on Kerala's blue economy
The CM-designate draws a revival road map amid state's economic challenges, explains Shine Jacob
 "CM-designate V D Satheesan anchors hope on Kerala's blue economy")
Centre's sugarcane draft rules create ripples in western Uttar Pradesh
A section of farmers feel the proposed provisions could hurt cane growers and small khandsari units. Sanjeeb Mukherjee reports
 "Centre's sugarcane draft rules create ripples in western Uttar Pradesh")
India's 100 GW nuclear energy target requires ₹25 trn investment: TERI
TERI said India will need sustained annual nuclear capacity additions and policy support for SMRs to achieve its 100 GW nuclear energy target by 2047
 "India's 100 GW nuclear energy target requires ₹25 trn investment: TERI")
Labour codes, state shop laws create compliance grey zone for firms
Experts say overlaps between Labour Codes and state Shops and Establishments Acts may create compliance uncertainty for companies across working hours and leave rules
 "Labour codes, state shop laws create compliance grey zone for firms")
India, other oil buyers to negotiate transit corridors with Iran: Moody's
In a global report on geopolitical risks, Moody's said there is little prospect of a swift and durable settlement between the US and Iran and with it the full reopening of the Strait of Hormuz
 "India, other oil buyers to negotiate transit corridors with Iran: Moody's")
Weekly economy wrap: Gold duty hike, fuel shock test India's economy
India moved to conserve foreign exchange, contain prices and secure energy supplies as the West Asia crisis tested external accounts and growth forecasts
 "Weekly economy wrap: Gold duty hike, fuel shock test India's economy")
FTAs, lower import duties to boost India's FDI flows: ADB chief economist
During 2021-22, India attracted net Foreign Direct Investment (FDI) of $38.6 billion, which came down to $28 billion in FY23 and further fell to $10.2 billion in FY24
 "FTAs, lower import duties to boost India's FDI flows: ADB chief economist")
North America, NE Asia, Latin America make up over 35% of India's exports
The strongest momentum came from North-East Asia, where exports surged 21.6 per cent to $41.6 billion, raising the region's share to 9.4 per cent of India's total exports
 "North America, NE Asia, Latin America make up over 35% of India's exports")