Economy
'Early tranche' of trade deal between India, US may be sealed soon
First phase might include a tariff reduction and focus on the priority non-tariff barriers faced by exporters
Rupee depreciates to over one-month low as FPIs sell equities
Rupee falls to 86/$ for the first time since April 11 amid equity outflows and stop-loss orders, while bond yields ease on expectations of RBI's surplus transfer
Outward remittances under LRS fall 6.85% to $29.56 billion in FY25
RBI data shows LRS outflows dropped to $29.56 billion in FY25 due to weak income growth, rupee depreciation, and lower transfers for education and close relatives
UK to give non-discriminatory treatment to India in procurement under FTA
On May 6, the two announced conclusion of negotiations for the FTA. It will be implemented next year
Fitch upgrades India's medium-term growth outlook to 6.4% till FY26
Fitch Ratings raises India's medium-term growth forecast to 6.4% citing higher labour force participation, even as it trims projections for most emerging markets
India to surpass China in oil demand growth over next decade: Moody's
Rising economic growth and industrialisation, along with the government's heavy investments in infrastructure that will enhance accessibility and mobility, will drive demand growth for transportation
Fitch Ratings raises India's average growth potential to 6.4% till 2028
Fitch says the Indian economy rebounded stronger than expected, showing less pandemic "scarring" as it updates its five-year potential GDP projections
Private sector business activity rises to 13-month high in May: PMI data
Companies attribute growth to 'buoyant demand, investment in technology and expanded capacities'
May PMI rises to 61.2, highest since April 2024, driven by services sector
Flash HSBC India PMI signals sharpest expansion in 13 months as services see robust growth and employment gains; input cost inflation at five-month high
Outlook for India is one of cautious optimism, says the RBI report
The prospects of bumper rabi harvest and the outlook of an above normal monsoon would further strengthen rural consumption and is also likely to keep food inflation in check
Trading with India will be 'quicker, cheaper, easier' post-FTA, says UK
The Department for Business and Trade (DBT) said its India trade deal is expected to be a shot in the arm for the UK's exports of whiskies and gin, cosmetics, medical devices, and advanced machinery
India, EU looking for early harvest trade pact by July: Govt official
The early harvest or an interim trade agreement would include issues such as intellectual property rights (IPRs), government procurement, tariff, and non-tariff barriers
India eyes multi-phase trade deal with US, interim pact likely before July
The talks are still ongoing and there's no clarity if the Trump administration has agreed to a three-stage process for a trade deal
Pradhan Mantri Suraksha Bima Yojana - A decade of insurance inclusion
PMSBY offers affordable accident insurance to India's vulnerable. With ₹20 premium and ₹2 lakh cover, it has transformed lives, settled 135,000 claims, and ensured inclusive insurance access
India's Russian oil imports hit 10-month high on strong ESPO demand
More ESPO was offered to India as Chinese state-owned companies continue shunning sanctioned crudes and crude quotas are running tight for Chinese independent refiners, analysts said
Datanomics: Imports of readymade garments from B'desh to suffer amid curbs
As on 31st March 2024, India had 12 operational land ports, out of which 6 were with Bangladesh. Two out of these six - Dawki and Sabroom became operational in 2023 and 2024 respectively
India better placed than peers to weather US tariffs: Moody's Ratings
Moody's says India's robust internal growth, limited trade reliance and rising investments help buffer economic risks from US tariffs and global uncertainties
Why did US reject 25 MT of mangoes? India alleges inspection lapse
India alleges US inspectors bypassed protocol during mango inspections, leading to destruction of 25 MT fruit and loss of $500,000 for exporters
Nearly half of Indian consumers polled switching to private labels: EY
The report said the growing preference for private label products is transforming consumer perceptions, positioning store brands as the favoured alternative to traditional branded options
IMF's Gita Gopinath says US needs to curb fiscal deficit, fix debt burden
Gopinath's remarks follow Moody's downgrade of the US credit rating and highlight rising debt, tax cuts and persistent trade uncertainty under Trump
