Economy News ( English version)

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  • India may face $7–8 billion higher monthly import bill as crude surges March 9, 2026
    As international energy prices skyrocket, India's economy finds itself grappling with a daunting hurdle. Experts foresee a staggering outflow of USD 7-8 billion in foreign currency each month. The escalation in crude oil and natural gas costs not only stirs worries over inflation but also threatens to widen the current account deficit.
  • FTAs to provide huge export opportunities for pharma, healthcare sectors: Piyush Goyal March 9, 2026
    India's recent free trade agreements are set to boost the domestic pharma and healthcare industries. Commerce Minister Piyush Goyal highlighted the vast business potential these pacts unlock. Agreements with Mauritius, Australia, UAE, and EFTA are already active. Negotiations with GCC and Eurasia are progressing well.
  • Iran war hits tea export; Assam releases ₹94.7 crore support March 9, 2026
    Assam government has released Rs 94.70 crores to 486 tea gardens under the ATISIS scheme. This initiative aims to boost orthodox and specialty tea production and ensure financial stability. The scheme offers interest subvention, production subsidies, and tax holidays. However, the ongoing Iran-Israel-US conflict poses a significant threat to Indian tea expor […]
  • Place audit orders in public domain to boost trust: CIC to NFRA March 9, 2026
    The Central Information Commission has urged the National Financial Reporting Authority to publish all orders, directions, and policy decisions impacting audit practices. This move aims to enhance transparency and public trust in financial reporting. The commission emphasized that such information should be readily available on the NFRA's website.
  • $50 oil surge could wipe out 2% of India's GDP, warns Axis Bank's Neelkanth Mishra March 9, 2026
    Axis Bank's Chief Economist Neelkanth Mishra warns that sustained global energy price spikes could severely disrupt India's growth and balance of payments due to its heavy reliance on imports. While immediate consumer impact on fuel may be buffered, non-fuel energy imports could raise CPI. Mishra advises patience on interest rate hikes, expecting a […]

 

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