Economy

India's basmati rice exports to Iran slows down, says report

Updated : Jan 14, 2026

India’s basmati rice exports to Iran nears standstill after Trump’s 25% tariff threat: Report

Iran turmoil: India is Iran’s largest rice supplier, accounting for nearly two-thirds of all Iranian imports from the country.

The upgraded outlook is also driven by robust domestic consumption, aided by recent tax cuts and higher real rural incomes.

Updated : Jan 14, 2026

World Bank raises India’s FY26 growth forecast to 7.2%, sees limited impact from US tariffs

This marks a notable increase from the 6.3 per cent estimate made in June 2025.

India supplies nearly two-thirds of Iran’s rice imports, making the market commercially significant despite the broader geopolitical risks.

Updated : Jan 13, 2026

US tariffs on Iran to have limited impact on India, Centre reassures exporters

India’s total trade with Iran stood at around $1.6 billion last year, a small fraction of Iran’s overall import basket of nearly $68 billion in 2024. In comparison, Iran’s largest import partners include the UAE ($21 billion), China ($17 billion), Turkiye ($11 billion) and the European Union ($6 billion), highlighting India’s modest share in Tehran’s trade ecosystem.

Railways wants Gati Shakti Multi-Modal Cargo Terminal (GCT) policy to increase private sector participation

Updated : Jan 13, 2026

Railway tweaks Gati Shakti Cargo terminal policy

Indian Railways has revised the Gati Shakti Multi-Modal Cargo Terminal (GCT) policy for increasing private sector participation. Zonal railways hold the implementation key.

India a leading trade partner for Iran but Iran features behind a long list of partners for India

Updated : Jan 13, 2026

25% US tariffs on Tehran’s trading partners: Iran on 63rd spot, below nations like Togo, Ghana in trade with India

India-Iran trade: To put it in perspective, Iran ranks behind major and mid-economies, and even smaller economies such as Tanzania, Angola, Togo, Mozambique, Senegal, Ghana.

India-Iran trade: Is New Delhi caught in the crossfire between Washington and Tehran?

Updated : Jan 13, 2026

Basmati, tea, apples, kiwis: Breakup of India-Iran trade as Trump imposes 25% tariffs on Tehran’s trading partners

25% tariff on Iran trading parters: Trade ministry officials told Business Today that since the announcement came at midnight, the department is currently in the process of analysing the probable impact.

No trade talks scheduled for this week between India-US

Updated : Jan 13, 2026

No trade talks scheduled between India-US this week, says report

While Ambassador Gor said both countries remain engaged, US Commerce Secretary Howard Lutnick expressed doubts about reaching an agreement, citing missed opportunities and delays in communication between the two sides.

For FY26 (2025-26), the government has projected direct tax collections at ₹25.20 lakh crore, representing a growth of 12.7% over the previous year.

Updated : Jan 12, 2026

Corporate, individual taxes lift direct tax collection by 8.82% to ₹18.38 lakh crore

Collections from Securities Transaction Tax (STT) amounted to ₹44,867 crore between April 1 and January 11, reflecting steady activity in capital markets. Meanwhile, tax refunds issued during the period declined by 17 per cent year-on-year to ₹3.12 lakh crore.

From February, a new CPI series with a base year of 2024 will be launched with an updated item basket and methodology which will provide the retail inflation estimates for January 2026.

Updated : Jan 12, 2026

Last in the series: Retail inflation up 1.33% in December

This is the last inflation reading before the Union Budget, February MPC meeting, and the last in the current series.

India can grow without rushing US trade deal, says economist Ashima Goyal

Updated : Jan 11, 2026

'India is not so dependent on US, has alternatives': Ex-RBI MPC member plays down trade deal risks

'Today, emerging markets account for more than 50% of world growth, and the US will find that people will develop alternatives if they are not willing to party right,' says economist Ashima Goyal

SHANTI Act: NPCIL will hold a consultative workshop on January 22

Updated : Jan 9, 2026

SHANTI Act: NPCIL to rework nuclear business model in light of new law

It has called for consultations with private players to rework its proposal following the enactment of the Act.

In an earlier post, Kotak had argued that the US would increasingly leverage its dominance under a Trump administration.

Updated : Jan 8, 2026

‘US absolute power’: Uday Kotak recalls 2024 prediction as India faces 500% tariff threat from Trump

Kotak’s remarks come amid escalating pressure from Washington on major economies, including India, following the Trump administration’s backing of a Bill that could impose tariffs of up to 500% on countries importing Russian-origin oil and energy products.

India may remove curbs on Chinese firms, says report

Updated : Jan 8, 2026

Centre plans to remove curbs barring Chinese firms from bidding for govt contracts: Report

The final decision to lift the curbs rests with Prime Minister Narendra Modi’s office and it is reportedly awaiting approval.

Amid the broader softness, one sector stands out: automobiles. High-frequency demand indicators show a clear improvement in two-wheeler, passenger vehicle and tractor sales, particularly in recent months.

Updated : Jan 8, 2026

Growth paradox: Why India’s 8% growth isn’t translating into higher incomes or investor confidence

According to Trinh Nguyen, Senior Economist at Natixis, the disconnect between real and nominal growth is the central theme emerging from the RBI’s latest high-frequency data.

Growth in gross value added is estimated at 7.3% in 2026-27

Updated : Jan 7, 2026

FY26 GDP growth seen at 7.4% as domestic economy shines

Lower nominal GDP growth rate could hit gross tax revenue estimates, fiscal deficit to meet 4.4% target, say analysts

Imports peaked at $7.2 billion in FY2019, underscoring Venezuela’s importance in India’s energy mix. Venezuela’s heavy, high-sulphur crude remained well suited to Indian refineries.

Updated : Jan 7, 2026

From $7.2 bn peak to near zero: How US sanctions turned Venezuela from key oil partner to marginal supplier for India

Between FY2018 and FY2020, Venezuela consistently ranked among India’s top six sources of imported oil, at one point accounting for nearly 7% of the country’s crude basket.

According to the estimates, nominal GDP is projected to grow by 8.0% in FY 2025-26.

Updated : Jan 7, 2026

India's FY26 growth outlook improves as GDP seen rising 7.4% on services strength

According to the estimates, nominal GDP is projected to grow by 8.0% in FY 2025-26.

Delhi HC seeks response from RBI on violation of data protection by lending apps

Updated : Jan 7, 2026

Delhi HC asks RBI if digital lending apps violate data protection of borrowers

The court asked the RBI to file a counter affidavit in relation to the writ petition that has raised concerns about violation of the right to protection of data.

Economist Ajit Ranade argues for wealth tax

Updated : Jan 6, 2026

'Wealth is getting accumulated in a narrow section': Economist Ajit Ranade backs wealth tax

'This increasing concentration of wealth, reflected in worsening wealth inequality, beyond a certain point is harmful for the economy,' economist Ajit Ranade

During his visit, Piyush Goyal is expected to hold high-level talks with EU Commissioner for Trade and Economic Security Maroš Šefčovič.

Updated : Jan 6, 2026

India–EU trade deal: Piyush Goyal to lead talks in Brussels on January 8–9

Commerce Minister Piyush Goyal will travel to Brussels next month for key trade negotiations as India and the European Union move into the final phase of talks on a proposed free trade agreement. With both sides working to resolve remaining differences, the push is now on to wrap up a comprehensive pact that spans 23 policy areas and is expected to significantly boost bilateral trade.

GDP growth in the second half of FY27 is likely to be above 7% due to the base effect.

Updated : Jan 6, 2026

Goldilocks situation of high economic growth and low inflation is likely to continue into FY27: India Ratings

Pegs GDP growth at 6.9% in FY27, average retail inflation at 3.8%, present economic outlook will be revised once the new base year data is released

Economy

India’s basmati rice exports to Iran nears standstill after Trump’s 25% tariff threat: Report

World Bank raises India’s FY26 growth forecast to 7.2%, sees limited impact from US tariffs

US tariffs on Iran to have limited impact on India, Centre reassures exporters

Railway tweaks Gati Shakti Cargo terminal policy

25% US tariffs on Tehran’s trading partners: Iran on 63rd spot, below nations like Togo, Ghana in trade with India

Basmati, tea, apples, kiwis: Breakup of India-Iran trade as Trump imposes 25% tariffs on Tehran’s trading partners

No trade talks scheduled between India-US this week, says report

Corporate, individual taxes lift direct tax collection by 8.82% to ₹18.38 lakh crore

Last in the series: Retail inflation up 1.33% in December

'India is not so dependent on US, has alternatives': Ex-RBI MPC member plays down trade deal risks

SHANTI Act: NPCIL to rework nuclear business model in light of new law

‘US absolute power’: Uday Kotak recalls 2024 prediction as India faces 500% tariff threat from Trump

Centre plans to remove curbs barring Chinese firms from bidding for govt contracts: Report

Growth paradox: Why India’s 8% growth isn’t translating into higher incomes or investor confidence

FY26 GDP growth seen at 7.4% as domestic economy shines

From $7.2 bn peak to near zero: How US sanctions turned Venezuela from key oil partner to marginal supplier for India

India's FY26 growth outlook improves as GDP seen rising 7.4% on services strength

Delhi HC asks RBI if digital lending apps violate data protection of borrowers

'Wealth is getting accumulated in a narrow section': Economist Ajit Ranade backs wealth tax

India–EU trade deal: Piyush Goyal to lead talks in Brussels on January 8–9

Goldilocks situation of high economic growth and low inflation is likely to continue into FY27: India Ratings

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