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Budget Express 2026

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Ishaan Gera

Associate Editor

Moneycontrol

40% or 37%: How much does food weigh in the new CPI series?

BUSINESS

40% or 37%: How much does food weigh in the new CPI series?

A key adjustment is the relocation of cooked meals and snacks from the food category to a new restaurants and cafés services subgroup

Why Kerala may continue to see higher inflation even under the new CPI series

BUSINESS

Why Kerala may continue to see higher inflation even under the new CPI series

A key factor is the relatively high weight of non-food expenditure in Kerala’s inflation basket. At roughly 66%, non-food items account for a larger share than in most states

Nachos to massagers and international flights: India’s new CPI basket expands as services weigh more

INDIA

Nachos to massagers and international flights: India’s new CPI basket expands as services weigh more

The revised basket also reflects the growing importance of services, discretionary consumption and urban lifestyles, with the weight rising to 30% from 23% earlier

Unemployment dips, self-employment rises in Q3 FY26

BUSINESS

Unemployment dips, self-employment rises in Q3 FY26

Urban unemployment eased to 6.7 percent from 6.9 percent, reflecting improved job absorption across sectors

US-Bangladesh deal may reshape dairy trade dynamics; New Zealand among those exposed

BUSINESS

US-Bangladesh deal may reshape dairy trade dynamics; New Zealand among those exposed

Preferential tariff access for US farm exports under a Bangladesh-US arrangement could gradually alter sourcing patterns

Spinning a complex deal: Bangladesh-US pact may intensify competition for a quarter of India’s cotton trade

BUSINESS

Spinning a complex deal: Bangladesh-US pact may intensify competition for a quarter of India’s cotton trade

The biggest exposure lies in raw, uncarded cotton, which accounts for more than 70 percent of India’s exports to Bangladesh

US defence exports surge post-pandemic; India emerging as key buyer amid strategic realignment

BUSINESS

US defence exports surge post-pandemic; India emerging as key buyer amid strategic realignment

Rising US share in global arms trade and shifting export mix could shape future India–US defence ties

Half of India’s exports to US could turn duty-free under interim trade deal

BUSINESS

Half of India’s exports to US could turn duty-free under interim trade deal

Around $14 billion additional exports may get zero-duty access as reciprocal tariffs ease further

Section 232 carve-outs could ease tariffs on about $5 billion of Indian exports to US

BUSINESS

Section 232 carve-outs could ease tariffs on about $5 billion of Indian exports to US

In 2024, more than $8 billion worth of Indian exports were subject to Section 232 tariffs, which range between 25% and 50% depending on product categories. Nearly $4 billion of this exposure came from automobiles and auto components

50%, 25% or 18%? What tariff applies to Indian goods today

BUSINESS

50%, 25% or 18%? What tariff applies to Indian goods today

The US imposed a 50% tariff on Indian goods in August, comprising a 25% reciprocal tariff and an ad valorem duty of 25% linked to India’s imports of Russian oil. That ad valorem levy was removed on February 6

Double whammy: US coking coal push may squeeze Russia, Australia and Singapore

BUSINESS

Double whammy: US coking coal push may squeeze Russia, Australia and Singapore

US is already the second-largest supplier of coking coal to India

US accounted for a fifth of India’s exempt agri imports in 2024

BUSINESS

US accounted for a fifth of India’s exempt agri imports in 2024

India imported agricultural products worth about $8.1 billion globally across key exempt segments such as nuts, fruits, wine and spirits, soybean oil, and feed-related commodities.

India’s US tilt unlikely to mean full break from Russia, defence ties remain entrenched

BUSINESS

India’s US tilt unlikely to mean full break from Russia, defence ties remain entrenched

Commerce ministry data show that Russia accounted for about 24 percent of India’s oil imports in December, the lowest share in three years

FTAs to cover 71% of India’s exports as US, EU deals expand trade footprint

BUSINESS

FTAs to cover 71% of India’s exports as US, EU deals expand trade footprint

Shift toward advanced economy trade partnerships signals deeper global integration, but utilisation remains key challenge

RBI’s February rate pattern contrasts with fluid inflation, growth projections

BUSINESS

RBI’s February rate pattern contrasts with fluid inflation, growth projections

Early fiscal-year forecasts are often revised quickly, keeping focus on evolving macro signals

India’s defence imports have been tilting towards the US

BUSINESS

India’s defence imports have been tilting towards the US

Trade deal reinforces long-running move towards the US

India–US trade deal could squeeze UK and Japan exports to India, China relatively insulated

BUSINESS

India–US trade deal could squeeze UK and Japan exports to India, China relatively insulated

Tariff cuts for US goods could reshape competition in Indian market, Moneycontrol analysis shows

India–US trade deal could pressure $2.6 billion of South Asian exports to the US

BUSINESS

India–US trade deal could pressure $2.6 billion of South Asian exports to the US

Lower tariffs give Indian exporters a decisive edge over Pakistan, Bangladesh and Sri Lanka

Services PMI rebounds to 58.5 in January, signalling strong start to 2026

BUSINESS

Services PMI rebounds to 58.5 in January, signalling strong start to 2026

Momentum in services mirrors pickup in manufacturing; EU and US trades deal expected to lift growth outlook

India’s growth to get at least 20-30 bps boost with US trade deal; GDP growth could cross 7% in FY27, say economists 

BUSINESS

India’s growth to get at least 20-30 bps boost with US trade deal; GDP growth could cross 7% in FY27, say economists 

Easing trade uncertainty could revive foreign investment inflows, stabilise the rupee and allow the RBI to reduce its recent heavy foreign exchange interventions

India’s tariff edge puts Bangladesh, Pakistan textiles and ASEAN food exports under pressure in US market

BUSINESS

India’s tariff edge puts Bangladesh, Pakistan textiles and ASEAN food exports under pressure in US market

Even small tariff gaps could shift sourcing in categories where margins are thin

How India’s 18% US tariff translates into a near-60% competitive advantage

INDIA

How India’s 18% US tariff translates into a near-60% competitive advantage

Trade-weighted duties on Indian exports fall sharply to 10.7%, giving exporters a bigger edge than the headline rate suggests

India-US trade deal to offer relief to a third of exports hit hard by 50% tariff: Moneycontrol analysis

BUSINESS

India-US trade deal to offer relief to a third of exports hit hard by 50% tariff: Moneycontrol analysis

Tariff shock between September and November wiped out nearly $4 billion in shipments, hitting labour-intensive sectors the hardest

Diamonds, wigs, cucumbers and carpets exporters set for rebound as India–US trade deal eases tariffs

BUSINESS

Diamonds, wigs, cucumbers and carpets exporters set for rebound as India–US trade deal eases tariffs

Labour-intensive and value-heavy segments had seen sharp market share losses amid tariff uncertainty

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