BUSINESS
Europe’s Russia rhetoric doesn’t match its trade ledger
Data from 2024 shows that the European Union's total trade with Russia stood at $70.3 billion. India, often portrayed as one of Moscow’s key post-invasion trade partners, traded $72 billion worth of goods during the same period
BUSINESS
Services activity remains strong at 60.5 in July: HSBC PMI
India’s manufacturing PMI rose to a 16-month high of 59.1 in July, up from 58.4 in the previous month
BUSINESS
Excess rainfall likely hit sowing of coarse cereals and pulses
While rice sowing has surged, erratic rains in key states have likely slowed coarse cereal and pulse acreage
BUSINESS
India’s effective tariffs on US goods are lower than those of Sri Lanka, Thailand
In 2023, India imposed an average 6.1 percent tariff on US exports, Sri Lanka levied 8.4% and Thailand 6.9%
BUSINESS
Despite US tariffs, India faces lower trade disadvantage than South Asian rivals
Effective tariff differential for India is lower than Bangladesh, Pakistan, and Sri Lanka
BUSINESS
In top trading categories, US would struggle to replace Indian imports
Despite tariff hikes, US consumers may find alternatives scarce in high-dependence categories like shrimp, jewellery, and tyres
INDIA
West Bengal has underestimated puja spending every year since FY20
Mamata Banerjee’s 30% hike in Durga Puja grants continues a pattern of budget underestimation; FY25 spend exceeded allocation by 20%
BUSINESS
GST collections rise 7.5% to Rs 1.96 lakh crore in July
Although collections remained above Rs 1.8 lakh crore for a seventh consecutive month, they were lower than the Rs 2.1 lakh crore average achieved in the first quarter of FY26
BUSINESS
Russia overtook US as India’s main crude supplier in FY22, now matching coal exports as well
Trump's comments signal geopolitical motivations behind 25% tariff hike; Russia remains India’s top defence supplier and key energy partner
BUSINESS
Manufacturing PMI rises to 16-month high of 59.1 in July
July marks second consecutive month with PMI above 58, signalling robust industrial momentum despite global headwinds
BUSINESS
FTAs, exemptions could offer cushion for over half of India’s exports to the US
Exempt categories and new FTAs with UK, UAE, and Australia can help absorb bulk of trade exposure, a Moneycontrol analysis finds
BUSINESS
Fiscal deficit for June quarter at 17.9% of full-year target, a quarter of annual capex spent
A higher-than-expected RBI dividend played a key role in containing the impact of increased capital expenditure during the quarter.
BUSINESS
Trump tariffs may shave off at most 0.3 percentage points from India’s GDP, say economists
India’s smartphone and pharma exports remain unaffected; gains from trade diversion may partly offset losses
BUSINESS
Trump's tariff could still help India compete with South Asian neighbours
India’s lower tariff burden could challenge $5 bn of exports from regional rivals, with Sri Lanka and Bangladesh most exposed.
BUSINESS
India holds over 60% share in key US imports like cumin, lab-grown diamonds, carpets and table linen
Moneycontrol analysis shows that in US had over 40 percent dependence on India in nearly a fifth of India's exports to the country
WORLD
Vietnam, Philippines and Indonesia could gain edge in over a fifth of India’s US trade categories
Vietnam could compete in 25% of overlapping product lines, but real impact limited to 5% of India’s $91 bn exports
INDIA
US slaps 25% tariff plus penalty on India: Here's how it compares to other countries
India’s machinery, electronics and chemicals exports to face fresh headwinds as trade tensions escalate; bilateral trade hit $118.4 billion in 2024
BUSINESS
India began diversifying away from China before 2025 halt in fertiliser shipments
China’s share in India’s DAP imports fell to 18.5% in FY25 from over 47% in FY19; zero shipments recorded in first five months of 2025
BUSINESS
IMF raises India’s FY26 growth forecast to 6.4%, citing improved global outlook
Revised projection aligns with RBI’s estimate; IMF warns of downside risks from tariffs and geopolitical tensions
BUSINESS
Broader engineering sectors had started to witness slowdown in formal hiring since FY24
EPFO data shows slowdown in hiring trends in engineering, expert services, and IT-linked fields despite strong GDP growth
BUSINESS
Rice sowing remains high despite below-normal monsoon over last two weeks
Healthy reservoir levels support kharif planting; rainfall deficit persists in eastern and northeastern India
BUSINESS
Industrial growth falls to 10-month low of 1.5% in June, Q1 expansion at three year low
Core sector weakness and coal contraction weigh on quarterly industrial output
BUSINESS
Not just China: Tourists from east, SE Asia missing from India’s post-pandemic recovery
Tourist arrivals from Japan, South Korea, and southeast Asia continue to lag, even as India reopens to Chinese visitors.
BUSINESS
India-UK trade deal opens up government procurement for Indian medicines, software services, but British firms may struggle to gain ground, say experts
Indian companies may access $122 billion UK procurement market, including NHS
