Economy News ( English version)

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  • India's fertilizer subsidy may cross ₹3 lakh crore if West Asia crisis prolongs May 25, 2026
    India’s fertiliser subsidy bill could surge past a record ₹3 lakh crore this fiscal if the West Asia crisis continues, sharply exceeding the budget estimate of ₹1.71 lakh crore, a government official said.
  • India to revamp IIP with new base year, wider coverage from June 1 May 25, 2026
    India will launch an updated Index of Industrial Production on June 1. The new IIP will feature a 2022-23 base year and include sectors like minor minerals and waste management. It will offer more detailed tracking of industrial activity. This revamp aims to provide a clearer picture of India's industrial growth.
  • Big infra projects clock Rs 5.6 lakh crore cost overrun May 25, 2026
    Major infrastructure projects in India have seen significant cost overruns. Projects valued at ₹150 crore or more have collectively exceeded their original budgets by ₹5.6 lakh crore. The total revised cost for 1,981 projects now stands at ₹42.8 lakh crore. Despite these overruns, expenditure on these projects indicates steady implementation progress.
  • RBI unlikely to hike rates soon despite inflation risk, rate action only in Dec if needed: Icra's Aditi Nayar May 25, 2026
    The Reserve Bank of India is expected to hold off on interest rate hikes. Inflation risks are rising due to fuel prices and monsoon uncertainty. A rate increase is only likely by year-end if price pressures continue. The central bank will monitor for broader inflationary effects before acting. This cautious approach aims to balance economic growth and price […]
  • India emerges as Sri Lanka's second-largest export destination May 25, 2026
    India is now Sri Lanka's second-largest export market, overtaking the United Kingdom. This shift occurred between January and April of this year. The United States remains the top destination for Sri Lankan exports. Sri Lanka's overall exports saw growth in April, driven by merchandise and services. Coconut products and IT services performed well. […]

 

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