Page 2 - Economy

West Asia war a sword of Damocles over ₹3.6 trillion March capacity

Manufacturing projects worth over ₹1 trn nearing completion

West Asia crisis: Farmer earnings may decline if exports remain affected

Though some reports claim that authorities have started exploring alternative routes to quickly ship farm goods bound for West Asia, if the crisis continues, the losses could be substantial

India stares at steep rise in oil import bill amid West Asia conflict

India's net oil import bill could rise by $56-64 billion annually assuming global crude averages $110-115 per barrel in FY27

Industry seeks duty concessions to sell goods from SEZs to domestic mkt

The rationale behind the request is to allow fair access to sell in the domestic market at a comparable rate with FTA partner nations

West Asia crisis: India's gems & jewellery exports likely to lose sparkle

GJEPC says geopolitical tensions in West Asia have already cut India's gems and jewellery exports by 20%, warning the impact could reach $1.2 billion over the next three months

Statsguru: Economic strain in the shadow of rising West Asia conflict

Periods of major wars - both global and regional - have frequently aligned with spikes in India's inflation

West Asia crisis: Indian crude tanker sails out of UAE's Fujairah safely

Jag Laadki is the fourth Indian-flagged vessel to have come out of the war zone unharmed

Oil prices poised to gain as West Asia conflict threatens exports

Oil prices may rise further as the US-Israel conflict with Iran threatens key Gulf energy infrastructure and keeps the Strait of Hormuz closed, triggering the biggest supply shock in years

Exporters plan early shipments, explore alternate routes amid Iran war

The exporting community said that businesses are also adjusting inventory, contracts, and schedules for flexibility

Two LPG tankers head for India after crossing embattled Strait of Hormuz

The ships were granted safe transit through the strait, which has been all but closed for nearly two weeks, after a deal between New Delhi and Tehran

Costlier oil could lift inflation, slow India's growth in H1FY27: Fitch

Persistently high oil prices could push up retail inflation faster than expected and slow India's economic growth in the first half of FY27, Fitch Ratings said in its latest outlook

USTR probes India, 59 others over imports linked to 'forced labour'

The US Trade Representative has initiated Section 301 investigations into 60 trading partners, including India, to examine whether they failed to curb imports of goods produced with forced labour

West Asia conflict: US expands India-like waiver on Russian crude oil

India was also granted a similar 30-day waiver on March 5 for purchase of Russian oil

India's forex reserves down $11.7 bn at $716.8 bn on drop in foreign assets

India's foreign exchange reserves fell by $11.7 billion to $716.8 billion in the week ended March 6, mainly due to a decline in foreign currency assets, RBI data showed

If short-lived, conflict unlikely to dent India's macro outlook: Economists

Economists say a brief West Asia conflict may have limited impact on India's macro outlook, though risks could emerge if crude oil prices stay elevated for a prolonged period

India to perform better than many nations amid West Asia crisis: CEA

He said that how the crisis ends is an equally important question to know whether both sides voluntarily end the conflict, or one side withdraws due to fatigue or exhaustion

₹1 trillion stabilisation fund to give fiscal headroom: FM Sitharaman

Finance Minister Nirmala Sitharaman told Lok Sabha the Rs 1 trillion Economic Stabilisation Fund will help India respond to global shocks while keeping fiscal consolidation targets intact

India-UK free trade agreement to come into force in a month: Piyush Goyal

Commerce Minister Piyush Goyal said the India-UK free trade agreement will come into force in about a month and will be the fastest trade pact approved by the UK Parliament

Two gas tankers said to be sailing to India through Strait of Hormuz

Iran permits two Indian-flagged LPG carriers to pass through the Strait of Hormuz, offering limited relief to India's cooking gas supply concerns

Oil prices decline as Indian tanker sails out of Strait of Hormuz

An India-flagged oil tanker moved out from the east of the Strait of Hormuz carrying gasoline bound for Africa, an Indian government official said on Friday