India Manufacturing Activity Rose in May Despite Cost Pressures, PMI Shows
India’s manufacturing PMI climbed to 55.0 in May, marking the sector’s fastest expansion in three months. Growth was driven primarily by strong domestic demand and a surge in new orders, especially in civil‑engineering projects. However, input‑price inflation reached its strongest level in nearly four years, spurred by higher energy, fuel and material costs. Business confidence slipped to its lowest since February, though firms remain optimistic about easing cost pressures.
India, Oman Trade Pact to Come Into Force From June 1; Check What's Inside
India and Oman will activate their Comprehensive Economic Partnership Agreement on June 1, granting India near‑full duty‑free access to Omani markets and extending zero‑tariff treatment to a broad range of Indian goods and services. Bilateral trade reached $11.18 billion in 2025‑26, with...
RBI MPC Meet: Central Bank Likely to Maintain Status Quo on Rates, Adopt Cautious Approach Amid West Asia Crisis
The Reserve Bank of India is expected to leave its key repo rate unchanged at 5.25% during the June 5 monetary policy meeting, adopting a cautious stance amid the West Asia crisis. Experts anticipate the RBI will raise its inflation outlook...
India, Eurasian Economic Union Discussing Limited Interim Trade Deal: Russian Minister
India and the Eurasian Economic Union are in talks on a limited, temporary trade arrangement that would cover specific product groups, according to Russian Economic Development Minister Maxim Reshetnikov. He described the negotiations as complex and said Indian requests are...
RBI Warns Prolonged West Asia Conflict Could Hit India’s Economy
The Reserve Bank of India (RBI) flagged a prolonged West Asia conflict as the chief downside risk to India’s growth outlook, even as it projected real GDP expanding 6.9% in FY 2026‑27, down from 7.6% for FY 2025‑26. The central bank warned...
Finance Ministry to Review PSBs Performance Today, Secretary Nagaraju Will Chair High-Level Meet
India’s Department of Financial Services will hold a high‑level review of public sector banks on May 29, chaired by Financial Services Secretary M. Nagaraju. The agenda emphasizes the banks’ digital ecosystem, particularly AI capabilities and defenses against cyber‑fraud, alongside traditional metrics such...
India Steers Boat Through a Risky Channel Between War Clouds and El Nino
The Reserve Bank of India’s annual report warns that geopolitics, not interest rates, now dominate the global growth outlook, with IMF forecasts slipping to 3.1% in 2026. India still expects robust 6.9% GDP growth in 2026‑27, backed by stronger banks,...
Piyush Goyal Engages with over 50 Industry Leaders in New York to Deepen India-US Trade
India’s Commerce Minister Piyush Goyal held a closed‑door roundtable in New York with more than 50 senior U.S. business leaders, emphasizing expanded trade, investment, innovation and supply‑chain cooperation. The event, co‑hosted by the Indian Consulate and the US‑India Strategic Partnership Forum, signaled...
CEPA Upgrade Talks: India, South Korea Agree to Address Widening Trade Deficit
India and South Korea agreed to tackle their widening trade deficit during the 12th round of CEPA upgrade talks, creating sub‑groups on digital trade, supply‑chain and strategic industrial collaboration. Indian exports to Korea rose 3.3% to $6 billion, while imports grew...
India, Canada to Skip Sensitive Sectors in Trade Talks: Piyush Goyal
India and Canada agreed to sideline sensitive sectors as they push the Comprehensive Economic Partnership Agreement (CEPA) toward completion by the end of 2026. Commerce Minister Piyush Goyal emphasized a pragmatic approach, focusing on low‑ hanging fruit and convergence points....
US Trade Negotiators to Visit India From June 1-4 for Interim Trade Deal Talks
U.S. trade negotiators led by USTR Jamieson Greer will travel to New Delhi from June 1‑4 to seal an interim trade agreement that builds on the February framework for a broader bilateral trade pact. The talks aim to lock in preferential...
‘Investment Climate Not in Great Shape’: Former PM Modi Advisor Urges FDI Reforms as Outflows Surge in FY26
Former Economic Advisory Council member Surjit Bhalla warned that India’s investment climate is deteriorating as foreign‑direct investment outflows surged to $27 billion in FY 26. He urged a liberalisation of FDI rules, faster dispute‑resolution, and stronger tax incentives to restore investor confidence....
Ship-Building Scheme Gets 12 Applications Seeking Incentives
India’s Shipbuilding Financial Assistance Scheme, a $3.0 billion program launched last September, has received 12 applications covering roughly ₹5,812 crore ($700 million) of vessel projects. The scheme provides 15‑25% financial support per ship to narrow the cost gap with foreign competitors. Parallelly, the...
Finmin Pushes for Wider Local Sourcing Norm in Incentive Schemes
India’s finance ministry is directing all ministries to embed domestic manufacturing and procurement criteria into new incentive and subsidy schemes before they reach the Expenditure Finance Committee. Schemes lacking clear local‑value‑addition parameters are being returned for revision. The push aligns...
Highways Ministry Approves Rs 1,428 Crore for Four-Lane Thiruvarur Bypass
India's Ministry of Road Transport and Highways has approved roughly ₹1,428 crore (about $172 million) to build a 14.9‑km, four‑lane bypass around Thiruvarur on NH‑83. The project includes two additional road over bridges on NH‑129A and NH‑134A, linking key industrial corridors in...