Economy

Private sector business activity rises to 13-month high in May: PMI data

Companies attribute growth to 'buoyant demand, investment in technology and expanded capacities'

India to surpass China in oil demand growth over next decade: Moody's

Rising economic growth and industrialisation, along with the government's heavy investments in infrastructure that will enhance accessibility and mobility, will drive demand growth for transportation

'Omanisation' last key issue in concluding India-Oman FTA talks: Official

Omanisation is a policy implemented by Oman to boost the employment of its citizens in the private sector. The policy mandates companies to meet specific quotas for hiring Omani nationals

Outward remittances under LRS fall 6.85% to $29.56 billion in FY25

RBI data shows LRS outflows dropped to $29.56 billion in FY25 due to weak income growth, rupee depreciation, and lower transfers for education and close relatives

Indian refiners eye Iranian crude oil as US-Iran nuclear talks progress

Plans to resume crude oil imports had been shattered in the wake of multiple airstrikes between Israel and Iran in April last year

'Early tranche' of trade deal between India, US may be sealed soon

First phase might include a tariff reduction and focus on the priority non-tariff barriers faced by exporters

Rupee depreciates to over one-month low as FPIs sell equities

Rupee falls to 86/$ for the first time since April 11 amid equity outflows and stop-loss orders, while bond yields ease on expectations of RBI's surplus transfer

UK to give non-discriminatory treatment to India in procurement under FTA

On May 6, the two announced conclusion of negotiations for the FTA. It will be implemented next year

Fitch upgrades India's medium-term growth outlook to 6.4% till FY26

Fitch Ratings raises India's medium-term growth forecast to 6.4% citing higher labour force participation, even as it trims projections for most emerging markets

Fitch Ratings raises India's average growth potential to 6.4% till 2028

Fitch says the Indian economy rebounded stronger than expected, showing less pandemic "scarring" as it updates its five-year potential GDP projections

May PMI rises to 61.2, highest since April 2024, driven by services sector

Flash HSBC India PMI signals sharpest expansion in 13 months as services see robust growth and employment gains; input cost inflation at five-month high

Outlook for India is one of cautious optimism, says the RBI report

The prospects of bumper rabi harvest and the outlook of an above normal monsoon would further strengthen rural consumption and is also likely to keep food inflation in check

Trading with India will be 'quicker, cheaper, easier' post-FTA, says UK

The Department for Business and Trade (DBT) said its India trade deal is expected to be a shot in the arm for the UK's exports of whiskies and gin, cosmetics, medical devices, and advanced machinery

India, EU looking for early harvest trade pact by July: Govt official

The early harvest or an interim trade agreement would include issues such as intellectual property rights (IPRs), government procurement, tariff, and non-tariff barriers

India eyes multi-phase trade deal with US, interim pact likely before July

The talks are still ongoing and there's no clarity if the Trump administration has agreed to a three-stage process for a trade deal

Pradhan Mantri Suraksha Bima Yojana - A decade of insurance inclusion

PMSBY offers affordable accident insurance to India's vulnerable. With ₹20 premium and ₹2 lakh cover, it has transformed lives, settled 135,000 claims, and ensured inclusive insurance access

India's Russian oil imports hit 10-month high on strong ESPO demand

More ESPO was offered to India as Chinese state-owned companies continue shunning sanctioned crudes and crude quotas are running tight for Chinese independent refiners, analysts said

Datanomics: Imports of readymade garments from B'desh to suffer amid curbs

As on 31st March 2024, India had 12 operational land ports, out of which 6 were with Bangladesh. Two out of these six - Dawki and Sabroom became operational in 2023 and 2024 respectively

India better placed than peers to weather US tariffs: Moody's Ratings

Moody's says India's robust internal growth, limited trade reliance and rising investments help buffer economic risks from US tariffs and global uncertainties

Why did US reject 25 MT of mangoes? India alleges inspection lapse

India alleges US inspectors bypassed protocol during mango inspections, leading to destruction of 25 MT fruit and loss of $500,000 for exporters