Economy

India will perform better than many nations amid Iran crisis: CEA

He said that how the crisis ends is an equally important question to know whether both sides voluntarily end the conflict, or one side withdraws due to fatigue or exhaustion

India's forex reserves fall $11.7 bn to $716.8 bn on drop in foreign assets

India's foreign exchange reserves fell by $11.7 billion to $716.8 billion in the week ended March 6, mainly due to a decline in foreign currency assets, RBI data showed

US announces 30-day waiver for countries to buy Russian oil stranded at sea

India was also granted a similar 30-day waiver on March 5 for purchase of Russian oil

West Asia disruptions to impact daily CGD sales volumes by 8-10%: CRISIL

Ongoing Middle East conflict may reduce India's city gas distribution sales volumes by 8-10 per cent due to LNG supply disruptions, though price pass-through may cushion margins

West Asia conflict unlikely to dent India's macro outlook: Economists

Economists say a brief West Asia conflict may have limited impact on India's macro outlook, though risks could emerge if crude oil prices stay elevated for a prolonged period

Parliament panel urges NFRA to study sector-specific audit issues

In a report tabled in the Lok Sabha on Thursday on the corporate affairs ministry's demand for grants 2026-27, the Standing Committee on Finance has made certain recommendations in relation to NFRA

India-UK free trade agreement to come into force in a month: Piyush Goyal

Commerce Minister Piyush Goyal said the India-UK free trade agreement will come into force in about a month and will be the fastest trade pact approved by the UK Parliament

Oil prices decline as Indian tanker sails out of Strait of Hormuz

An India-flagged oil tanker moved out from the east of the Strait of Hormuz carrying gasoline bound for Africa, an Indian government official said on Friday

USTR investigates India, 59 others over imports linked to forced labour

The US Trade Representative has initiated Section 301 investigations into 60 trading partners, including India, to examine whether they failed to curb imports of goods produced with forced labour

Fitch Ratings increases India's GDP growth estimate for FY26 to 7.5%

Fitch expects growth to slow in first half of FY27, with rising inflation constraining real incomes and limiting consumer spending growth

Eco Stabilisation Fund to give fiscal headroom to tackle global shocks: FM

Finance Minister Nirmala Sitharaman told Lok Sabha the Rs 1 trillion Economic Stabilisation Fund will help India respond to global shocks while keeping fiscal consolidation targets intact

Historic release of strategic oil reserves a limited solution, says S&P

Historic release of strategic oil reserves may only partly ease global supply disruption if the Strait of Hormuz remains closed, as the oil market remains severely unbalanced

India, US remain engaged for a mutually beneficial trade pact: Govt

The ministry has denied reports about a hold off on bilateral engagement

India holds off US trade deal for several months amid fresh probe

New Delhi expected to sign an interim pact in March, but fresh US investigations and uncertainty over tariffs have slowed negotiations, government sources say

Lok Sabha approves ₹2.81 trn gross additional expenditure in FY26

The Lok Sabha was adjourned for the day after the passage of the supplementary demands

Economic Stabilisation Fund to help India tackle global headwinds: FM

Finance Minister Nirmala Sitharaman said the proposed Economic Stabilisation Fund will create fiscal headroom for India to respond to global shocks such as supply chain disruptions and energy crises

Govt to delay signing US trade deal amid fresh tariff, energy concerns

Complicating matters is a new US investigation into what it calls "structural excess capacity and production in manufacturing sectors" in 16 trading partners, including India

Rupee forward premiums signal bets of impending RBI FX swap: Bankers

The rupee fell to an all-time low of 92.4250 to the US dollar on Friday and it has lost about 1.5 per cent since the war broke out on February 28

US launches 'forced labour' trade probe against 60 nations, including India

The US Trade Representative has launched an unfair trade practices probe into 60 countries, including India, alleging failure to block imports of goods produced using forced labour

Maharashtra on track to contribute $1.5 tn to India's GDP: Dy CM Shinde

Deputy CM Eknath Shinde says Maharashtra is on track to contribute $1.5 trillion to India's GDP as infrastructure expansion and investment drive the state's growth