Economy
India’s energy economy is staring at a potential fiscal jolt, with estimates suggesting an additional $9 to $11 billion surge in oil import bills for FY26. The cause? A sharp drop in Russian crude oil supplies, driven by geopolitical tensions and reinforced by statements from former U.S. President Donald Trump suggesting “penalty tariffs or consequences”…
Amid renewed discussions over Indo-US trade ties, a nuanced view has emerged from Sunil Subramaniam, a prominent market strategist and managing director of Sundaram Mutual. He asserts that while India can consider a calibrated three-part trade deal with the United States, a complete elimination of tariffs on American exports is neither feasible nor strategically advisable…
In a recent economic evaluation, SBI Research has flagged former US President Donald Trump’s tariff strategy as potentially more damaging to the United States than to India. According to the research unit of India’s largest lender, the imposition of steep 25% tariffs on Indian imports to the US is poised to generate higher inflationary pressures…
India’s growing emphasis on economic resilience and strategic autonomy has sparked a major policy shift aimed at rebalancing its trade equation with China. While Beijing continues to be New Delhi’s largest source of imports, the Indian government, industry stakeholders, and policy planners are increasingly focused on reducing this dependence by diversifying import sources, ramping up…
India’s finished steel imports for the April–June quarter of FY25 witnessed a significant contraction of nearly 30% year-on-year, primarily driven by a sharp fall in shipments from top suppliers including China and Japan. According to preliminary industry data, this decline marks one of the sharpest drops in quarterly steel imports in recent years, reflecting both…
In a significant advisory amid ongoing global trade negotiations, the Global Trade Research Initiative (GTRI) has urged India to exercise greater caution while dealing with potential trade agreements with the United States. According to the think tank, India must take a strategic cue from countries like Vietnam and Japan, which seek explicit written assurances from…
India’s economic engine is expected to continue powering ahead in FY26, with Swiss financial services major UBS projecting a real GDP growth rate of 6.0% to 6.5%, driven primarily by robust domestic demand, ongoing infrastructure push, and a resilient services sector. Despite global headwinds, India’s economic fundamentals remain solid, making it one of the most…
India’s private sector economy continued its upward trajectory in July, fueled by a resurgent manufacturing sector that posted its strongest performance in over 17 years. According to the latest survey data, the Manufacturing Purchasing Managers’ Index (PMI) rose sharply, signaling the sector’s robust expansion amid sustained domestic demand, growing output, and new business inflows. The…
The global steel industry is witnessing an unprecedented paradox: while steel production is outpacing demand, countries across the world continue to expand capacity. This oversupply, driven by a mix of strategic policy decisions, economic stimulus packages, and geopolitical ambitions, has triggered price volatility, trade tensions, and environmental concerns. Yet, despite clear warning signs, no major…
India’s port sector is poised to grow at a pace faster than major global economies, driven by robust infrastructure expansion, policy reforms, and increasing trade volumes, according to a recent industry report analysing maritime growth trends till 2030. The report highlights that India’s ports are set to witness cargo traffic growth of 7-8% annually, surpassing…
