Cabinet Approves ₹62,370 Crore Rabi Fertiliser Subsidy as Outlay Jumps 64%
The Union Cabinet has approved a ₹62,370 crore subsidy for phosphatic and potassic (P&K) fertilisers for the 2026-27 rabi season,…
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Category: Economy & Policy
Indian economy, trade, commodities and government policy.
Moody’s Raises India’s FY27 Growth Forecast to 7% on Broad-Based Momentum
Moody’s Ratings has raised its economic growth forecast for India to 7% for the financial year 2026-27 (FY27), up from…
China’s Trade Surplus Crosses $1.04 Trillion in First 10 Months of 2026
China’s trade surplus crossed $1.04 trillion during the first 10 months of 2026, reaching the milestone earlier than it did…
Crude Oil Prices Fall Below $90 a Barrel as Markets Bet on Iran War De-escalation
Crude oil prices dropped sharply on November 4, 2026, with US West Texas Intermediate (WTI) falling below $90 a barrel…
US and Iran Consider $8 Billion Asset-Release Deal to Reopen Strait of Hormuz
The United States and Iran are considering a diplomatic proposal that could help reopen the Strait of Hormuz, one of…
Indian Oil to Buy Ships as Crude Freight Costs Hit $10 per Barrel
Indian Oil Corporation (IOC), India’s largest state-owned oil refiner, is preparing to acquire its own crude oil tankers and liquefied…
Indian Companies’ Overseas Investments Surge 41% in FY26 as Gap With Inward FDI Narrows: RBI
Indian companies significantly increased their investments abroad in the financial year 2025-26, with overseas direct investment (ODI) rising 40.8% in…
India’s Foreign Exchange Reserves Fall $2.69 Billion to $717.06 Billion as RBI Sells Dollars
India’s foreign exchange reserves declined by $2.691 billion to $717.056 billion in the week ended October 30, 2026, marking their…
Budget 2027: Centre Likely to Target FY28 Fiscal Deficit at 4.2–4.3% of GDP
The Indian government is likely to target a fiscal deficit of 4.2–4.3% of gross domestic product (GDP) for the financial…
Indian Rupee Jumps 56 Paise to 93.91 Against US Dollar, Biggest Single-Day Gain Since October 12
The Indian rupee recorded its biggest single-day appreciation since October 12, strengthening by 56 paise to close at 93.91 against…