Economy
India’s petroleum product exports declined 16% year-on-year to $12.3 billion in the first four months of FY26 (April–July), down from $14.7 billion in the same period last year, according to data released by the Petroleum Planning and Analysis Cell (PPAC). The drop comes despite stable export volumes, indicating a sharp fall in global prices and…
India’s outbound investments surged by 67.74% in FY2024–25, reaching a record $41.6 billion, up from $24.8 billion in the previous fiscal year, according to EY’s latest report titled “India Abroad: Navigating the Global Landscape for Overseas Investment – 2025”. The sharp rise reflects a strategic pivot by Indian companies toward diversification, sustainability, and global competitiveness,…
In a bold move to elevate India’s maritime capabilities, the Central government is preparing to launch a ₹70,000-crore financial package aimed at boosting shipbuilding, ship repair, and port infrastructure across the country. The initiative, which is expected to receive Union Cabinet approval by mid-September 2025, is part of a long-term strategy to position India among…
India’s electronics export sector has reached a major milestone in FY25, with non-smartphone electronics shipments crossing $14 billion, according to the Electronics and Computer Software Export Promotion Council (ESC). This surge represents a 32.47% year-on-year growth in total electronics exports, which now stand at $38.57 billion. While smartphones continue to lead the charge, the real…
The Reserve Bank of India (RBI) is unlikely to initiate an immediate rate-cutting cycle despite the inflation-cooling potential of the government’s proposed GST reforms, according to Saugata Bhattacharya, external member of the Monetary Policy Committee (MPC). Speaking in an interview following the August policy meeting, Bhattacharya emphasized that the central bank will adopt a cautious,…
India’s economic growth remains resilient despite a persistently uncertain global environment, according to Reserve Bank of India (RBI) Governor Sanjay Malhotra. In the latest Monetary Policy Committee (MPC) minutes released after the August 4–6 meeting, Malhotra emphasized that the domestic economy is broadly tracking the central bank’s projections, with a growth rate of 6.5% for…
Richard Rossow, Senior Adviser and Chair on India and Emerging Asia Economics at the Center for Strategic and International Studies (CSIS), has raised concerns over the pace of economic reforms under the third term of the National Democratic Alliance (NDA) government. In a recent interview, Rossow remarked that “NDA 3.0 has been relatively quiet on…
India’s bond market is entering a new phase of optimism, buoyed by a rare confluence of macroeconomic tailwinds. According to Chirag Doshi, CIO–Fixed Income at LGT Wealth India, the recent sovereign credit rating upgrade by S&P Global, anticipated inclusion of Indian bonds in global indices, and the government’s push for GST reform are collectively creating…
In a move that blends economic pragmatism with geopolitical messaging, the Indian government has suspended the 11% import duty on raw cotton until September 30, 2025. The decision, announced late Monday, eliminates both the 5% basic customs duty and the 5% agriculture infrastructure and development cess, offering immediate relief to India’s textile and garment industry…
Despite the looming threat of steep tariffs imposed by the United States, Russia has assured that its trade with India will remain unaffected, thanks to what officials describe as a “very special mechanism” designed to bypass Western sanctions and maintain uninterrupted bilateral commerce. The announcement comes in the wake of the Trump-Putin summit in Alaska,…
