India will continue to buy crude oil and cooking gas (liquefied petroleum gas or LPG) from Russia, even after the US’s one-month waiver of sanctions on such imports has expired,…
Category: Economy
Europe to face fuel shortage? Energy agency head warns ‘maybe 6 weeks of jet fuel left’ — Here’s all we know
International Energy Agency (IEA) executive Fatih Birol has warned that Europe has “maybe six weeks or so” of jet fuel remaining, adding that flight cancellations were possible “soon” if the…
The decades-old legal question at the heart of the Fed chair showdown
At the heart of President Trump’s threat to fire Jerome Powell lies an unsettled legal question: When the Fed chair’s term expires without a confirmed successor, who gets to decide…
Up to 66% crash: How West Asia war battered India’s top Gulf trade
The West Asia war has taken a toll on India’s trade. Exports declined 7.4% year-on-year in March, and imports fell 6.5%, per the commerce ministry data. Trade figures with India’s…
Oil prices trade subdued amid fragile ceasefire, peace deal hopes
Global oil prices traded marginally lower on Thursday morning despite continued tensions over curtailed traffic through the Strait of Hormuz. While market sentiment remains impacted by supply concerns, hopes of…
India’s unemployment rate edges up to 5.1% in March as urban joblessness rises
India’s unemployment rate for people aged 15 years and above rose to 5.1% in March 2026 from 4.9% in the previous month, owing to a rise in joblessness in urban…
India’s March trade deficit narrows to $20.67 billion on year
India’s merchandise trade deficit narrowed to $20.67 billion in March as imports eased from the previous year, though elevated purchases of energy, gold and electronics continued to weigh on the…
In Charts: India slips to 6th in GDP ranking for now; to reach 4th by FY28
A downward revision in nominal gross domestic product (GDP) following the base-year revision and a sharp depreciation of the rupee have proved to be a setback for India’s position in…
India’s wholesale inflation rises to 3.88% in March, highest in over 3 years on fuel, metal costs
India’s wholesale inflation rose to 3.88% in March — the highest in more than three years — breaking a six-month run of subdued readings through December 2025, as higher prices…
IMF revises India’s FY27 GDP growth a notch up to 6.5%
The International Monetary Fund (IMF) on Tuesday revised India’s 2026-27 economic growth forecast upwards by a notch to 6.5%, from its January estimate, as the benefits of a reduction in…