Tag: West Asia conflict impact
West Asia war, rain deficit can hike inflation, drag India’s growth: Finmin
New Delhi: The Indian economy faces the challenge of a double whammy-the West Asia war and a below-normal monsoon forecast-posing upside risks to inflation as…
India fast-tracks Canada FTA, GCC talks paused, says Piyush Goyal
New Delhi: India is accelerating negotiations for a proposed free trade agreement (FTA) with Canada and talks are ongoing with Chile and Peru though engagements…
Impact on growth and inflation to depend on duration of West Asia conflict: MPC says
Kolkata: Reserve Bank of India’s monetary policymakers said a prolonged West Asia conflict could cast a long shadow on economic growth and inflation, although the…
Core sector output fell 0.4% in March, lowest in 19 months
India’s core sector output fell by 0.4% year-on-year in March, the lowest in 19 months, due to a steep decline in fertiliser production amid the…
Amid West Asia war, FY26 goods exports may fall 2-3%: FIEO
Ludhiana: The ongoing conflict in West Asia is expected to have pulled down India’s goods exports in March by 7-8%, even as the country’s outbound…
Forex reserves drop by $10.29 billion to $688.06 billion as of March 27
Mumbai, India’s forex reserves dropped by USD 10.288 billion to USD 688.058 billion during the week ended March 27, the Reserve Bank of India (RBI)…
Centre pegs H1 FY27 borrowing at ₹8.2 L crore
New Delhi: The Centre will borrow ₹8.2 lakh crore from the market through dated securities in the first half of the next fiscal, amounting to…
Gulf conflict puts FY27 growth at risk
India’s economic outlook is under increasing pressure from the West Asia conflict, with economists warning of a 50-60 basis point hit to FY27 growth. Elevated…
India’s core growth eases to 2.3% in February on poor energy show
India’s core sector growth slowed to a three-month low of 2.3% year-on-year in February, from 4.7% in January, amid subdued electricity generation and continued decline…
Shipping wars stitch higher costs into India’s apparel exports
The ongoing conflict in West Asia is increasing costs for India’s apparel exporters, adding between ₹12 and ₹55 per garment because of longer shipping routes…