Economy

India's fertiliser production sees weakest growth in 13 years in FY26

India's fertiliser output contracts in FY26, hit by LNG shortages and shutdowns, marking the sector's weakest performance in over a decade

Broader 'export incentives' definition in ITA 2025 prompts CBDT clarity

Experts warn wider wording in new income-tax law could expand tax scope to indirect benefits, urging CBDT to clarify and prevent disputes for exporters

India's crude oil import bill fell 5% in March amid West Asia conflict

Natural gas consumption up 7% as government promotes usage

Indian exporters may not get US tariff refunds, but pricing power improves

Indian exporters are linked to about $12 billion of the total refunds. Textiles and apparel account for roughly $4 billion of that amount

Datanomics: India eyes South Korea agreement review as deficit widens

Prime Minister Narendra Modi and South Korean President Lee Jae-myung exchanged several MoUs, with both sides agreeing to deepen cooperation in strategic sectors, including shipbuilding

India open to South Korean firms in vessel flagging, port infra projects

India pitches ship flagging, seafarer pool and port investments to South Korea, as both sides sign VOYAGES pact and expand cooperation in maritime, energy and climate sectors

Has India's farm output finally become less dependent on the monsoon?

As India faces a below-normal monsoon forecast for 2026, improved irrigation, resilient seeds and policy support have strengthened farm output, though regional risks and inflation concerns persist

Infra investments to grow 50% through FY28 despite West Asia crisis: Crisil

Crisil sees strong infrastructure investment growth through FY28 backed by policy support and balance sheets, though risks persist across renewables, roads and real estate

Moody's cuts India FY27 growth forecast to 6% amid West Asia crisis

Weaker consumption, rising energy prices and supply disruptions linked to Middle East conflict prompt Moody's to trim India's FY27 growth outlook to 6 per cent

LPG reliance highlights gaps in India's piped gas expansion drive

India's dependence on LPG imports and slow expansion of piped gas networks highlight policy gaps, affordability challenges, and consumer behaviour issues hindering a transition to cleaner cooking fuel

Odisha flags ₹48,448 crore audit backlog, warns of governance lapses

Finance Department raises concern over 85,000 pending audit reports and objections, highlighting systemic lapses in accountability and fiscal management

Brookfield platform Evren secures $600 mn to supply 300 MW RE to NTPC

Brookfield-backed Evren raises $600 million for hybrid renewable project integrating solar, wind and storage to supply 300 MW power to NTPC under PPA

Why India must ramp up coal gasification as part of its energy strategy

India's abundant coal reserves and rising energy demand make coal gasification a key strategy to reduce import dependence, boost industrial fuel supply, and strengthen long-term energy security

UN cuts India's FY26 growth forecast to 6.4%, flags external risks

ESCAP report cites geopolitical tensions, inflation pressures and weak global demand as key risks, while projecting India's GDP growth at 6.4 per cent in 2026

US starts tariff refunds; Indian exporters need to engage with buyers: GTRI

The Global Trade Research Initiative said that the engagement will be important as the refunded payments go only to US importers, and exporters have no legal right to claim them

India's crude imports fall 13% as Hormuz disruption cuts West Asia supply

Imports from Russia nearly doubled from February to 2.25 million bpd in March while shipments from the West Asia slumped 61 per cent to 1.18 million bpd

Foreign ownership can boost Indian financial firms' credit profile: Fitch

Fitch said recent greater interest from foreign investors indicates their rising confidence in India's long-term growth prospects, the financial sector's regulations, and improved risk governance

India's economy projected to grow at 6.4% in 2026, 6.6% in 2027: UN report

In India, economic activities moderated in the second half of 2025 as exports to the United States declined by 25 per cent following the introduction of 50 per cent tariffs in August 2025

Domestic production of oil, gas ramped up amid West Asia crisis: RBI Guv

He highlighted that the Indian economy has demonstrated resilient growth over the past decade, supported by robust policy frameworks, financial stability, and sound fiscal policies

States' capex growth to slow to 8-10% in FY27 amid fiscal squeeze: Report

The moderation will primarily result from tighter fiscal headroom due to rising revenue expenditure commitments and a moderation in revenue growth, Careedge Ratings said