Economy & Policy News

India's imports of Russian oil under spotlight after Trump tariffs

India historically bought most of its oil from the Middle East, including Iraq and Saudi Arabia. However, things changed when Russia invaded Ukraine in February 2022

India's shrimp exports hit by US tariffs, UK FTA offers slim relief

With the US imposing 25% tariffs on Indian goods, the shrimp industry faces a major setback, while the UK trade deal offers little immediate relief

Electronic devices can breathe easy, for now as US spares chip goods

The tariff will be imposed only on the value of the semiconductor which is in the electronics product, and not on the whole product

Indian textile industry in uncertainty, still sees edge over rivals

Indian exporters call US tariff hike a blow to textile ambitions but say strong supply chain and lower duty rates than rivals will help retain market presence

US' 25% tariff to hit iPhone exports, disrupt India's electronics shipments

Apple plans to boost iPhone production in India despite US tariffs. Experts warn of export challenges, cost pressures, and the need for India to strengthen its electronics supply chain

Trump tariffs on Russian oil put squeeze on India's biggest crude supplier

Trump Sanctions On Russian oil puts the squeeze on India's Biggest Crude Supplier

RBI to hold overnight VRRR auction to absorb ₹50,000 crore liquidity

RBI to conduct overnight VRRR auction on Thursday to absorb Rs 50,000 crore as call and Tri-party repo rates remain below policy rate amid liquidity surplus

We are reviewing Prez Trump's 25% tariff, committed to fair trade deal: GoI

The commerce ministry said the Indian government remains committed to a fair trade deal and will take all necessary steps to protect national interests

Trump slaps 25% tariff on Indian goods: Smartphones, pharma, shrimp hit

The tariff kicks in August 1 and threatens key Indian exports like smartphones, pharma and shrimp ahead of trade talks set for August 25 in New Delhi

Urban FMCG demand slows but stays ahead of rural in Q1FY26: Report

Urban FMCG volume growth slowed to 4 per cent in April-June but continued to outpace rural demand as uneven rainfall, seasonal shifts hit foods and personal care

India to pay 25% tariff plus penalty for Russian oil, defence buys: Trump

US President Donald Trump described India's trade policies as the 'most strenuous and obnoxious non-monetary trade barriers of any country'

India presses ahead with US trade talks despite looming Aug 1 tariffs

India is pushing ahead with trade deal talks with the US despite looming Trump-era tariff threats, focusing on long-term economic alignment beyond short-term disruption

AIIB to double private-sector lending by 2030: Ajay Bhushan Pandey

AIIB aims to boost private sector financing to 50% by 2030, focusing on renewables, green energy, and affordable housing; lending to rise to $17-18 billion

India's smartphone market dials 8% volume growth in Q2 2025: Report

Retail inflation dropped to a six-year low, easing pressure on household budgets, while the central bank's repo rate cuts made financing more accessible

Why are paddy and maize acreages seeing a big jump this kharif?

Better prices above MSP, coupled with demand from ethanol producers for their fuel-blending programme, are pushing the popularity of maize

Jaguar, Corus, Tetley: A look at Tata Group's biggest global acquisitions

The acquisitions of Tetley Tea, Corus Group, and Jaguar and Land Rover marked the salt-to-steel conglomerate's aggressive expansion streak in the 2000's

Demand to drive gems & jewellery growth as exports slow: Crisil SME tracker

This highly fragmented and labour-intensive industry is characterised by low capital intensity and high reliance on imported inputs, such as gold and rough diamonds

Trump hints at 20-25% tariffs on Indian goods, says deal not final yet

As India and the US race to finalise a trade deal by August 1, Trump warned that tariffs on Indian exports could go up to 25%. However, he added that no final decision had been made

IMF raises India's GDP growth projection by 20 bps to 6.4% for FY26

IMF revises India's FY26 GDP growth to 6.4%, citing a favourable external environment; global growth also projected higher for 2025 and 2026

Four PSBs seek 1-year extension to comply with shareholding norms

As per SEBI norms, listed entities must reduce promoter shareholding to 75 per cent