Economy

Trade deficit widens to $27.1 billion in February as imports surge

Imports grew 24% in February to $63.71 billion, due to gold and silver imports, according to data released by the commerce department on Monday

Wholesale inflation rises to 2.13% in February on higher food prices

Wholesale Price Index (WPI)-based inflation was 1.81 per cent in the previous month and 2.45 per cent in February last year

DPIIT amends 'Press Note 3' to ease FDI norms for border countries

The government has amended Press Note 3 under the FDI policy, allowing investors from countries sharing land borders with India to hold up to 10 per cent non controlling stakes via the automatic route

West Asia conflict: 23% households buy induction cooktops amid LPG concerns

Survey by LocalCircles found that households are rushing to buy induction cooktops, as delays in cylinder deliveries and supply disruptions linked to the West Asia conflict raise concerns

India walks diplomatic tightrope between Iran and US as war bites economy

India's Brics presidency faces an early challenge as Iran seeks condemnation of US-Israel strikes, while fellow members Saudi Arabia and the UAE, targets of Iranian attacks, complicate consensus

Services sectors feel ripple effects as West Asia crisis hits operations

Aviation, hospitality, travel, e-comm, q-com, logistics prepare for dent to bottomlines; IT services insulated for now

West Asia conflict likely to keep rupee under pressure amid oil surge

Third year of consecutive BoP deficit if oil stays above $100/bbl, to weigh on rupee

West Asia war cloud over India's economic 'sweet spot' as oil prices rise

Rising crude prices and trade disruptions from the West Asia war are prompting economists to trim India's growth forecasts, threatening the economy's recent "sweet spot"

India gains most from US nod to Russian oil imports, but concerns remain

The country still faces a shortfall of 750,000 bpd of crude oil in March compared to Feb

West Asia war a sword of Damocles over ₹3.6 trillion March capacity

Manufacturing projects worth over ₹1 trn nearing completion

West Asia crisis: Farmer earnings may decline if exports remain affected

Though some reports claim that authorities have started exploring alternative routes to quickly ship farm goods bound for West Asia, if the crisis continues, the losses could be substantial

India stares at steep rise in oil import bill amid West Asia conflict

India's net oil import bill could rise by $56-64 billion annually assuming global crude averages $110-115 per barrel in FY27

Industry seeks duty concessions to sell goods from SEZs to domestic mkt

The rationale behind the request is to allow fair access to sell in the domestic market at a comparable rate with FTA partner nations

West Asia crisis: India's gems & jewellery exports likely to lose sparkle

GJEPC says geopolitical tensions in West Asia have already cut India's gems and jewellery exports by 20%, warning the impact could reach $1.2 billion over the next three months

Statsguru: Economic strain in the shadow of rising West Asia conflict

Periods of major wars - both global and regional - have frequently aligned with spikes in India's inflation

West Asia crisis: Indian crude tanker sails out of UAE's Fujairah safely

Jag Laadki is the fourth Indian-flagged vessel to have come out of the war zone unharmed

Oil prices poised to gain as West Asia conflict threatens exports

Oil prices may rise further as the US-Israel conflict with Iran threatens key Gulf energy infrastructure and keeps the Strait of Hormuz closed, triggering the biggest supply shock in years

Exporters plan early shipments, explore alternate routes amid Iran war

The exporting community said that businesses are also adjusting inventory, contracts, and schedules for flexibility

Two LPG tankers head for India after crossing embattled Strait of Hormuz

The ships were granted safe transit through the strait, which has been all but closed for nearly two weeks, after a deal between New Delhi and Tehran

Costlier oil could lift inflation, slow India's growth in H1FY27: Fitch

Persistently high oil prices could push up retail inflation faster than expected and slow India's economic growth in the first half of FY27, Fitch Ratings said in its latest outlook