Economy
The global oil market is bracing for a potential strategic pivot as Saudi Arabia and Russia-led OPEC+ consider a fresh production hike for August 2025. Market analysts and traders believe this could signal a transition in focus from the group’s long-standing policy of price stability towards regaining and protecting market share amidst rising US and…
Finance Minister Nirmala Sitharaman has urged the New Development Bank (NDB), also known as the BRICS Bank, to take on a catalytic role in mobilising private sector investments towards sustainable development projects in member countries. Addressing the NDB Board of Governors meeting virtually, Sitharaman highlighted that the bank’s developmental impact would be maximised if it…
A new industry report suggests that a potential bilateral trade deal between India and the United States could double India’s goods exports to the US over the next five years, unlocking significant economic gains and deepening strategic ties between the two democracies. The study highlights that tariff reductions, regulatory harmonisation, and streamlined customs processes can…
India’s Finance Minister Nirmala Sitharaman has raised concerns over widening global financial imbalances, warning that unequal capital flows and restrictive financing are obstructing the world’s ability to achieve its climate commitments and sustainable development goals (SDGs). Addressing an international policy forum, Sitharaman emphasised that rebalancing global financial architecture is critical for equitable growth and climate…
India’s ambition to become a $5 trillion economy by the latter half of this decade rests critically on three pillars: strengthening its manufacturing sector, accelerating urbanisation, and expanding research and development (R&D) capacities, according to top Indian industry leaders who spoke at the Oxford India Forum 2025 held in Oxford University. Key Highlights From Oxford…
India’s agriculture sector is undergoing a structural transformation marked by a steady decline in the share of cereals and a significant surge in livestock, fisheries, horticulture, and allied sectors. This shift indicates evolving dietary patterns, higher protein demand, policy diversification, and changing economic incentives in rural India. Key Highlights of India’s Agricultural Transformation Trends in…
India’s benchmark long-term government bond yields rose sharply in early trade on Thursday, extending losses from the previous session, as concerns over upcoming debt supply and global yield movements weighed on sentiment. The benchmark 10-year bond yield climbed to a two-week high of 7.24%, up from 7.19% on Wednesday, as traders braced for a fresh…
Crude oil prices could fall below $60 per barrel by December 2025, driven by sluggish global demand growth, ample non-OPEC supply, and potential easing of geopolitical tensions, according to the latest outlook released by S&P Global Commodity Insights. However, India is expected to remain a bright spot with continued robust oil consumption as its economic…
India is set to transform its chemicals sector into a $1 trillion global powerhouse by 2040, according to a detailed vision blueprint released by NITI Aayog this week. The strategic plan seeks to capitalise on the country’s natural advantages, robust domestic demand, and global supply chain realignment to position India among the top three chemical…
India is poised to emerge as a major beneficiary of ongoing global tariff-led trade realignments, according to a recent assessment by Moody’s Investors Service. The global credit rating agency highlighted that India’s competitive manufacturing landscape, proactive trade diplomacy, and reforms in ease of doing business place it favourably amid shifting supply chains and trade diversion…
