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WEST ASIA CRISIS ECONOMIC EFFECTS
India's economic growth to slow to 6.8% in FY27 amid West Asia crisis, El Nino impact: ReIndia Ratings and Research has raised its FY27 GDP growth forecast to 6.8% from 6.7%, but expects growth to slow from 7.6% in FY26 amid inf...- ICRA estimates India's GDP growth at four-quarter low of 7 per cent in April-JuneIndia's GDP growth forecast stands at seven percent for the April-June quarter, marking a four-quarter low and a slowdown from prior growth...
- USS Abraham Lincoln heads home as CENTCOM chief praises crew’s resilienceUS Central Command chief Adm Brad Cooper lauded USS Abraham Lincoln sailors for their resilience. He highlighted the aircraft carrier's low...
- PM Modi Independence Day 2026 Speech Highlights: Prime Minister sets 2047 target, pitches self-reliance and faster growthPM Narendra Modi Independence Day 2026 Speech: Prime Minister Narendra Modi addressed the nation from the Red Fort on Independence Day. He ...
- Rupee faces pressure as RBI defends 95.45 against dollar amid rising crude oil pricesThe Reserve Bank of India is defending the rupee at 95.45 against the dollar. Traders are closely watching crude oil prices amid West Asia ...
- India must strengthen shipping capacity, naval protection amid growing chokepoints: GTRIIndia must treat maritime insecurity as a long-term trade risk as the Red Sea crisis crosses 1,000 days, GTRI said. Longer shipping routes ...
- Government fixes LPG production targets for refiners, Reliance gets largest shareIndia has set maximum LPG production targets for refineries and upstream companies. This move aims to build a domestic supply buffer after ...
- Five years of Taliban rule: Survival is not the same as stabilityThe Taliban has maintained control of Afghanistan for five years. Mounting domestic pressures include poverty and refugee returns. Internal...
- Urea, DAP kept affordable for farmers despite a global price surge: PM Modi in his Red Fort addressPrime Minister Narendra Modi highlighted government efforts to provide affordable fertilizers. He stated that urea and DAP are available to...
- Iran President Pezeshkian said to attend BRICS summit in DelhiIranian President Masoud Pezeshkian will attend the BRICS summit in New Delhi this September. He joins other senior leaders, including Russ...
- India’s July exports hit record $44.2 billion despite West Asia crisisIndia's goods exports grew significantly in July, driven by engineering and electronics sectors. Imports also increased, leading to a wider...
- Urea import costs ease as India's fertiliser subsidy bill pressure set to easeIndia's new urea tender is expected to secure the nutrient at lower prices. Rashtriya Chemicals and Fertilizers received bids significantly...
- Iran says Strait of Hormuz is under its control: Fars news reportThe head of Iran's Basij paramilitary unit has declared that the Strait of Hormuz is firmly under Iranian control, countering US President ...
- Edible oil prices up due to West Asia crisis, but availability 'adequate': Govt tells ParliamentGlobal and domestic edible oil prices have risen due to the West Asia crisis. Higher crude oil prices and biofuel demand reduced export ava...
- Fitch affirms India's 'BBB-' credit rating with stable outlookFitch Ratings affirmed India’s BBB- long-term rating with a stable outlook and F3 short-term rating, saying macroeconomic stability and imp...
- Rupee falls 11 paise on firm dollar, costlier crudeThe Indian rupee weakened by 11 paise against the US dollar, closing at ₹95.28. A firming dollar, driven by rising global crude oil prices ...
- Lenders seek RBI approval to spread their MTM lossesIndian banks have sought RBI approval to spread mark-to-market losses on investment portfolios across the remaining three quarters, citing ...
- Indian exporters suffer twists and turns of freight amid Lanka, Singapore transhipment jamIndian exporters face delays due to congestion at Singapore and Colombo ports. A surge in China-US trade is reducing container availability...
- Indian manufacturers turn to air freight as West Asia crisis disrupts sea shipmentsIndian manufacturers are airlifting components to ensure festive season production continuity. Sea freight delays and congestion are making...
- India weighs friendlier investment treaty rules as Cabinet nod nears: DEA SecretaryIndia is reviewing its bilateral investment treaty model to attract more foreign capital. This review aims to make the treaty more investor...
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