Page 6 - Economy

Government eyes E85 fuel rollout, but is India ready for the shift?

Reports suggest the government may soon notify E85 fuel rules as India eyes higher ethanol blends, but experts flag gaps in vehicle readiness, infrastructure, pricing, and transition timelines

India's unemployment to tick up, inflation to rise in 2026: Moody's

Moody's Analytics projects India's unemployment rate to edge up to 7 per cent in 2026, while inflation may rise to 4.5 per cent, the highest among Asia-Pacific peers

FIEO asks exporters to engage with US buyers for tariff refund share

FIEO President S C Ralhan said that there is no legal right of Indian exporters on those refunds, as only the US businesses are getting the refunds

India's textile exports grow 2.1% to ₹3.16 trn in FY26 despite US tariffs

The growth comes despite the sector facing steep tariffs imposed by the US, its largest export destination, for most of the financial year

India's marine product exports surge to all-time high of ₹72,325 cr: MPEDA

India's marine exports rose to a record ₹72,325 crore in FY26, driven by shrimp and market diversification despite global trade disruptions

India's seafood exports hit record ₹72,325 cr in FY26 despite US tariffs

India's seafood exports reached a record high in FY26, with growth in China, EU and Southeast Asia helping offset a decline in shipments to the US due to higher tariffs

LNG vessel flagged off from US, to bolster energy supply chain: Gail

The vessel with a carrying capacity of 174,000 cubic meter (cbm) was flagged off on April 20 and is now en route to India

How South Korea tie-up could help India reduce costly freight dependence

New framework with South Korea links shipyard capacity, technology and orders to India's push to reduce reliance on foreign carriers

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

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

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