BUSINESS
MC Interview: MoSPI preparing framework for faster data revisions; incorporating AI/ML, says Minister Rao Inderjit Singh
With the overall guidance of NSC and the technological advancements adopted by MoSPI for conducting surveys, the time lag for releasing survey reports has been reduced considerably, said Singh.
BUSINESS
Core sector growth falls to nine-month low of 0.7% in May
A second consecutive month of tariffs in May continued to hurt India’s infrastructure performance
BUSINESS
Banana was India’s most exported fruit in FY25; shipments up seven-fold since FY18
Iraq accounted for 47 percent of India’s overall export of bananas in FY25, up 108 percent from the previous year.
BUSINESS
India moves a rung up to rank 15th among top FDI destinations in 2024
FDI though dips to $27.6 billion from $28.1 billion in 2023 despite a surge in greenfield project announcements, an UNCTAD report has said
BUSINESS
Checkmate: How Kesar, 'queen of mangoes', trumped 'king' Alphonso in exports
In FY25 , India exported 40% more Kesar mangoes — worth $11.5 million — than $8.6 million worth of Alphonso. In FY22, Alphonso outsold Kesar by nearly 50 percent
BUSINESS
From villages to tier II cities: New migration data to feature in Periodic Labour Force Survey from 2026
The last such effort was undertaken in 2020–21, which helped researchers gauge the devastating impact of the pandemic on migration and the subsequent return of people to rural areas
BUSINESS
India’s combined fiscal deficit to be 7% of GDP in FY26: Morgan Stanley Research
The central government’s fiscal deficit will consolidate gradually, reaching 4.4 percent of GDP in FY26, while the states’ deficit is expected to narrow to 2.6 percent
BUSINESS
More Indian students headed to Iran in 2024 than six years ago, fewer chose Israel
The number of students going to the Iran rose 2.7 times in six years, faster than almost all countries attracting over 500 students from India, except the United Kingdom.
BUSINESS
Monsoon slows after initial rush start, but it's not 2009 yet
Data from the India Meteorological Department shows that for the first 16 days of the year, rainfall was averaging 24 percent below normal. However, it is still far from 2009 levels, when the monsoon started early but petered out in the first few weeks
BUSINESS
How did China come to dominate the rare-earth trade? Production jumped ninefold in three decades
China's dominance in rare earth magnets came through strategic state support and access to raw materials, allowing it to undercut global rivals.
BUSINESS
Unemployment rate rises to 5.6% in May; female unemployment more than men
Women had a higher unemployment rate compared with men at 5.7 percent, up from 5 percent in the previous month
BUSINESS
Wholesale inflation falls to a 14-month low of 0.39% in May
The data indicates a continued cooling of inflation after the Consumer Price Index (CPI), too, dropped to a near six-year low of 2.82% during the month
BUSINESS
India among top 5 trading partners for both Iran and Israel
In India’s case, the nature of trade has evolved significantly since 2014. While India was Iran’s second-largest trading partner after China in 2015—facilitating trade worth $15.7 billion—it slipped to sixth place by 2023
INDIA
India’s tilt toward Airbus aligns with Indigo expansion
Air India, in its current form, has maintained a more balanced fleet, having taken delivery of 122 Boeing aircraft and 114 Airbus planes between 2006 and 2025
BUSINESS
India’s trade with Iran has shrunk 87% since 2019 US sanctions; exports shift toward consumer goods
Mineral fuels, which once formed the backbone of India’s imports from Iran, accounting for over 90 percent of the total, have witnessed a near-complete collapse. Trade in this category has plummeted by 99 percent since 2019
BUSINESS
Brothers in arms: India-Israel weapon trade up 33-fold at $185 million in 10 years
Though Israel’s exports to India have declined over the years, the arms and ammunition trade between the two countries has grown to $185 million from $5.6 million in 2015
INDIA
US, Japan and China account for 40% of Boeing Dreamliners, India ranks ninth in total deliveries
India ranks ninth, having received 33 Dreamliners, or 2.8 percent of the 1,189 Boeing 787 aircraft delivered globally until June 2025.
BUSINESS
India’s retail inflation eases to a 75-month low of 2.82% in May
May marks the fourth consecutive month that inflation has remained below 4 percent
BUSINESS
Crude edible oil duty cut to bring cheer to Argentina and Russia, along with Indian consumers
As India’s reliance on crude edible oils grows, Russia and Argentina have emerged as key suppliers, displacing traditional Southeast Asian exporters.
BUSINESS
Statistics Ministry exploring 'chain-based' IIP measurement to better-track factory output
The government believes that after an exhaustive Annual Survey of Industries has been put in place, a chain-based index can better capture the changes in India's production patterns.
BUSINESS
More people in Chhattisgarh, Madhya Pradesh can use UPI than in Tamil Nadu, Kerala
84% of women can do online banking transactions using UPI compared with 79.9 percent of men, a statistics ministry survey shows
BUSINESS
World Bank retains India’s growth forecast at 6.3% for FY26
The multilateral institution was more optimistic about the coming year, as it projected the economy to grow 6.5 percent in FY26 and 6.7 percent in FY27 on the back of robust services activity leading to higher exports
BUSINESS
Government mulling faster revisions to inflation index
The most recent the Household Consumption Expenditure Survey, which provides data to calculate CPI, was conducted in 2023–24 and its findings are expected to shape the new inflation series to be released this quarter
BUSINESS
Back to the grind: Workers in Andhra Pradesh were clocking 10-hour days before pandemic too
In 2023–24, workers in Andhra Pradesh logged 47.4 hours a week against 46.5 in Tamil Nadu, 45.6 in Kerala, and 47.1 in Karnataka
