Page 169 - Economy & Policy News

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

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

Nearly half of Indian consumers polled switching to private labels: EY

The report said the growing preference for private label products is transforming consumer perceptions, positioning store brands as the favoured alternative to traditional branded options

IMF's Gita Gopinath says US needs to curb fiscal deficit, fix debt burden

Gopinath's remarks follow Moody's downgrade of the US credit rating and highlight rising debt, tax cuts and persistent trade uncertainty under Trump

India well-positioned to deal with negative effects of US tariffs: Moody's

Easing inflation offers the potential for interest rate cuts to further support the economy, even as the banking sector's liquidity facilitates lending

Proposals worth ₹1 trillion investment get Maharashtra cabinet nod

The Maharashtra cabinet has cleared 325 industrial proposals worth over ₹1 trillion, expected to create more than 93,000 jobs across electronics, defence, and other sectors

Govt likely to amend IBC to scrap prior CCI nod for insolvency bids

Experts feel a clarity by the government on this matter would bring relief to bidders who were concerned about approaching CCI before the CoC approval

Vedanta Chairman Agarwal calls for safeguard duty on aluminium imports

Vedanta Chairman Anil Agarwal urged the government to impose a safeguard duty on aluminium imports, citing the metal's strategic role and rising global trade tensions

Retail inflation for farm and rural workers eases marginally in April

The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) increased by 1 point each in April 2025 to stand at 1307 and 1320 points, respectively, a govt said