Economy
APEDA mulls strategies to boost agricultural, processed food exports
The Agricultural and Processed Food Products Authority (APEDA) held an inter-ministerial dialogue to deliberate on the strategy last week here
 "APEDA mulls strategies to boost agricultural, processed food exports")
US may seek tariff cuts, regulatory reforms in trade deal with India: GTRI
US demands include scaling back India's minimum price support (MSP) programmes for crops like rice and wheat, removing restrictions on genetically modified (GM) imports
 "US may seek tariff cuts, regulatory reforms in trade deal with India: GTRI")
India's liberal FDI policy offers major investment opportunities: Deloitte
It also said that sectors like pharmaceuticals, auto and tourism are not only FDI magnets but also engines of employment, exports, and innovation, driving India's next growth wave
 "India's liberal FDI policy offers major investment opportunities: Deloitte")
Petrol, diesel demand rises in April as summer boosts consumption
Onset of summer triggers rural demand for irrigation as well as for air-conditioning in urban areas
 "Petrol, diesel demand rises in April as summer boosts consumption")
KV Subramanian to exit IMF role early, govt begins search for replacement
Krishnamurthy Subramanian is set to leave his IMF post early amid reported concerns over data issues and book promotion. Meanwhile, the Indian government begins searching for his replacement
 "KV Subramanian to exit IMF role early, govt begins search for replacement")
Six month left, Krishnamurthy Subramanian's term cut short at IMF
Subramanian, who took up the IMF post in November 2022, represented India, Bangladesh, Sri Lanka, and Bhutan. As of May 3, the IMF's website lists the position as vacant
 "Six month left, Krishnamurthy Subramanian's term cut short at IMF")
Amit Shah sets ₹2 trn export target for NCEL, reviews national coop bodies
The Union Minister also suggested partnerships with large companies for export of fresh vegetables to Gulf countries and special potato varieties
 "Amit Shah sets ₹2 trn export target for NCEL, reviews national coop bodies")
Centre warns industry against transhipment to US; assures clarity on norms
The ministry has also assured the industry that all efforts would be made to codify the value addition norms to provide certainty and clarity to exporters
 "Centre warns industry against transhipment to US; assures clarity on norms")
Netflix's India investment created $2 bn in economic impact from 2021-24
Last year, about 3 billion hours of Indian content was available on the platform for the global audience, says Ted Sarandos, co-chief executive officer, Netflix
 "Netflix's India investment created $2 bn in economic impact from 2021-24")
Centre consults industry on India-US trade pact, seeks suggestions
The stakeholder consultation was chaired by Special Secretary in the ministry Rajesh Agrawal. He is also India's chief negotiator for the India-US bilateral trade agreement
 "Centre consults industry on India-US trade pact, seeks suggestions")
India's April factory activity reaches 10-month high, exports surge
Demand for Indian goods boosts 'companies' pricing power' and prompts them to continue hiring: PMI
 "India's April factory activity reaches 10-month high, exports surge")
Odisha govt clears Rs 3,898 cr investment projects to create 7,400 jobs
The state has approved the proposal of Sree Metaliks Limited to expand its integrated steel plant in Keonjhar with an investment of Rs 885 crore, it said
 "Odisha govt clears Rs 3,898 cr investment projects to create 7,400 jobs")
S&P Global Ratings cuts India's FY26 growth rate by 20 basis points to 6.3%
S&P cites US tariff shocks and rising global uncertainty as reasons for trimming India's FY26 growth projection to 6.3 per cent and FY27 estimate to 6.5 per cent
 "S&P Global Ratings cuts India's FY26 growth rate by 20 basis points to 6.3%")
US trade deal to boost India's position in global trade: Panagariya
He said the trade restrictions by the US on China, Vietnam, and Cambodia will place India in a favourable position in the context of global trade
 "US trade deal to boost India's position in global trade: Panagariya")
Need to moderate public debt to save on interest outgo: DEA Secretary
Observing that the current level of public debt continues to be elevated, he said, that needs to be moderated and that is a path for fiscal consolidation
 "Need to moderate public debt to save on interest outgo: DEA Secretary")
India's forex reserves rise $1.98 bn to $688.13 bn, up for 8th week in row
This is the eighth consecutive week of a rise in the kitty, which had jumped 8.31 billion to $686.145 in the previous reporting week
 "India's forex reserves rise $1.98 bn to $688.13 bn, up for 8th week in row")
India asks IMF to review loans to Pakistan, Indian govt source says
India suspended a critical river water sharing treaty and the two countries have closed their airspace to each other's airlines
 "India asks IMF to review loans to Pakistan, Indian govt source says")
India-EU trade pact to address tariff and non-tariff barriers equally
Commerce Minister Piyush Goyal says India-EU trade deal to focus on tariff and non-tariff barriers alike, with both sides targeting a meaningful pact by end of 2025
 "India-EU trade pact to address tariff and non-tariff barriers equally")
S&P cuts India's FY26 GDP forecast to 6.3% over US tariff uncertainty
In March, S&P had lowered the FY'26 GDP growth forecast to 6.5 per cent, from 6.7 per cent
 "S&P cuts India's FY26 GDP forecast to 6.3% over US tariff uncertainty")
India stresses focus on non-tariff barriers, import duty in EU trade talks
Commerce Minister Piyush Goyal and EU Trade Commissioner Maros Sefcovic reviewed trade talks progress during their meeting in Brussels, focusing on key issues like tariffs and non-tariff barriers
 "India stresses focus on non-tariff barriers, import duty in EU trade talks")
