Page 12 - Economy

Electricity consumption sees slowest growth in years on cooler weather

Energy supplied by state power retailers during the year rose almost 1 per cent, the worst performance since 2021 when electricity use declined due to the pandemic

Refiners likely used yuan through ICICI Bank for payment of Iranian oil

Last month, Washington unveiled ​30-day waivers on US sanctions for the purchase of Russian and Iranian oil at sea in ‌an attempt to ease prices that were driven up by the US-Israeli war on Iran

RBI pulls out ₹2 trillion transient liquidity via 7-day VRRR auction

The RBI accepted the bid at a 5.24 per cent cut-off rate and 5.23 per cent weighted average rate

RBI asks state oil refiners to curb spot dollar buying, says report

The state-run refiners have been asked to access the credit line via the State Bank of India, the sources said. SBI is India's largest bank and is state-backed

India's marine products exports up, rice down in FY26: Trade data

India's marine exports rise nearly 14% in FY26 despite tariffs and war impact, while rice shipments decline amid weak prices and West Asia disruptions

West Asia conflict: US waiver ends, India to keep Russia oil tap open

Indian refiners plan to continue sourcing Russian crude from non-sanctioned suppliers and vessels despite US decision not to renew temporary sanctions waivers

US Section 301 investigation: India Inc rejects excess capacity premise

In submissions to USTR, industry bodies flag risks to supply chain ties

MSME copper recyclers face shutdown risk amid West Asia conflict

Units warn of permanent shutdowns and curtailed operations as West Asia conflict disrupts scrap supply, raises costs, and strains liquidity; government relief sought

IMF urges targeted buffers, reforms for India amid West Asia shock

IMF advises India to deploy fiscal buffers through targeted support as prolonged West Asia crisis could intensify energy shocks and disrupt growth across Asia

Currency in circulation surged 11.9% in FY26, most in five years

As a percentage of India's GDP, it declined to 12.1% from 14.4% in FY21, say experts

India's strong growth outlook intact despite global volatility: Govt

Anuradha Thakur, Secretary in the Department of Economic Affairs, said India continues to stand out as a reliable and rapidly expanding economic partner

India, Russia explore deeper steel sector cooperation at joint round table

Both sides reviewed existing engagements and discussed expanding cooperation across the steel value chain and related industries, according to an official statement

India, New Zealand to sign FTA on April 27, aim for $20 bn investments

The free trade pact aims to provide tariff-free access to the island nation's market for domestic exporters' goods and will bring in $ 20 billion in investment over the next 15 years

India's liquidity surplus hides deeper funding stress in banking system

Despite a headline liquidity surplus, India's banking system faces tightening funding conditions, rising short-term rates, and persistent external pressures weighing on liquidity

Why India's AI ambitions demand a reset in virtualisation strategy

AI adoption accelerates across sectors, India must rethink virtualisation models to ensure cost efficiency, flexibility, and secure infrastructure capable of supporting scalable and inclusive growth

Why India slipped to 6th spot in IMF GDP rankings despite strong growth

India slipped to sixth in IMF GDP rankings due to rupee depreciation and base revision, even as the economy continued strong growth and is expected to regain position soon

India-Zambia talks on critical minerals stall over mining rights concerns

The exploration programme in Zambia was set to run for three years, after which New Delhi had planned to invite private sector companies to participate, subject to securing mining rights

Domestic LNG importers scoop up spot shipments after prices recede

The purchases mark a turnaround after Indian buyers had earlier limited spot purchases and canceled tenders because offers were too expensive

Delimitation and proportionality: Why southern states are raising concerns

As the govt considers increasing Lok Sabha seats, concerns are rising in southern states that a population-based delimitation could reduce their share and alter India's federal balance

'Iran war may be as disruptive for India as Covid; long-term impact likely'

Although the government is sticking to its forecasts of 6.8 per cent-7.2 per cent for the fiscal year through March 2027, several economists have already started to downgrade their projections