Page 57 - Economy & Policy News

India-EU trade deal likely on Jan 27, EU leaders to attend summit in Delhi

President of the European Council Antonio Luis Santos da Costa and President of the European Commission Ursula von der Leyen will be on a state visit to India from January 25 to 27

India's Russian oil imports likely to dip again, stranding cargoes at sea

The country imported about 1.3 million barrels a day of Russian crude in December, according to data from ship-tracking firms Vortexa Ltd. and Kpler

Exports to China rose in 2025, but trade deficit hit record high at $116 bn

Indian exports to China which over the years struggled to make headway climbed to $19.75 billion between January and December last year

Smartphone exports may have topped $30 billion in 2025 on PLI push

Phones make up 38% of India's outbound shipments since 2021 on PLI push

Maharashtra overtakes Tamil Nadu in NITI's 2024 export preparedness index

Maharashtra has emerged as the most prepared large state in NITI Aayog's Export Preparedness Index 2024, overtaking Tamil Nadu as several other states gain ground

India, US restart virtual trade talks; Sergio Gor presents credentials

India and the US have resumed virtual talks on a bilateral trade deal after the holiday break, with both sides signalling commitment but no timeline yet for in-person negotiations

Wholesale inflation climbs to eight-month high of 0.83% in December

India's wholesale price inflation rose to an eight-month high of 0.83 per cent in December, ending a two-month deflationary spell as food prices stabilised and core inflation firmed up

India's crude lifelines surge as sanctions reshape global oil flows

Recent geopolitical developments have seen record fuel supplies, expanded discounts on oil and robust domestic appetite for fuel

RBI recognises FEDAI as self-regulatory organisation for authorised dealers

The Reserve Bank of India has recognised FEDAI as a self-regulatory organisation for authorised dealers, giving it a year to align governance and operations with the Omnibus SRO framework

Geoeconomic confrontation emerges as top global risk, says WEF report

The World Economic Forum's Global Risks Report 2026 flags geoeconomic confrontation as the biggest global threat, with interstate conflict, climate risks and polarisation close behind

India's GDP to grow at 7.5-7.8% in FY26, 6.6-6.9% in FY27: Deloitte

Early in 2025, signals of external risks such as unpredictable trade policies, geopolitical tensions, and slowing growth among major partners prompted decisive action

India wholesale inflation rises to 0.83% in Dec 2025 against -0.32% in Nov

December 2025 WPI-based inflation: Positive rate is due to an increase in prices of other manufacturing, minerals, and the manufacturing of machinery and equipment

World Bank upgrades India's economic growth forecast to 6.5% for FY27

It highlighted AI and possible resolution of trade disputes as upside risks

India's state finances face headwinds in FY26, says CareEdge report

The report suggests that growth in aggregate revenue receipts slowed to 7.2 per cent year-on-year during April-November 2025

India slips to third among Russian oil buyers as US sanctions hit flows

RIL has cut Russian oil imports by 49 per cent, while the state-run refineries reduced it by 15 per cent in the month, said CREA

India may face fallout from US 25% tariff on Iran trade partners

Though largely routed via UAE, India's basmati rice and tea exports may come under pressure

Strong domestic growth will attract foreign investments: RBI Governor

The six-member Reserve Bank of India's Monetary Policy Committee had revised its growth forecast for the current financial year to 7.3 per cent in December from 6.8 per cent in October

Datanomics: Ties with Germany to power India-EU relations ahead

The visit is significant in the wake of ongoing discussions to finalize the India-European Union FTA

Hungry for power: Rise of data centres fuels concerns over energy infra

India's fast-growing data centre sector is emerging as a major new driver of power demand, prompting questions over grid capacity, energy sourcing and long-term infrastructure readiness

Vegetable oil imports rise 8% to 13.83 lakh tonnes in Dec: Industry body

According to data, imports of edible oils increased to 13,62,245 tonnes last month, from 12,29,790 tonnes in December 2024