Economy News ( English version)

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  • India-Oman CEPA kicks in June 1, 2026
    The India-Oman Comprehensive Economic Partnership Agreement is now active. Indian exporters of textiles, leather, plastics, and more will gain preferential market access in Oman. The pact also ensures Indian workers receive preferential treatment in Omani projects led by Indian companies. Oman is also lifting its ban on exporting unpolished marble blocks. […]
  • Cotton prices down 3% on import duty suspension, may slide more June 1, 2026
    India has suspended its 11% import duty on cotton until October. This move has immediately reversed the recent rally in cotton prices, with both bales and yarn seeing a drop. Industry insiders expect further price decreases in the coming days. This decision aims to ease prices, prevent hoarding, and boost the competitiveness of Indian textile exports.
  • GST collections rise 3.2% to ₹1.94 lakh crore in May; import-led revenues drive growth June 1, 2026
    India's GST collections hit an impressive ₹1.94 lakh crore in May 2026, showcasing a 3.2% rise primarily driven by robust imports of essential raw materials and electronic components. Interestingly, while import-led revenue climbed higher than domestic transactions, officials praised the prevailing business confidence and a thriving industrial sector. […]
  • Manufacturing activity at 3-month high in May despite cost woes June 1, 2026
    India's manufacturing sector saw strong growth in May, reaching a three-month high. Demand remained steady, boosted by infrastructure projects and new business. Output increased, and new orders grew fastest since February. While cost pressures intensified, input cost inflation eased slightly. Job creation continued, and businesses are optimistic about f […]
  • India meets FY26 fiscal deficit goal at 4.4% of GDP despite revenue and global pressures June 1, 2026
    In a commendable feat, the Indian government has hit its FY26 fiscal deficit goal of 4.4% of GDP, largely due to prudent expenditure management. With net tax receipts reaching 98.1% of the anticipated target and non-tax revenues exceeding projections, the overall government spending was also well within planned constraints.

 

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