Economics
Trade, fiscal policy, banking, agriculture and economic indicators
How Indian economy slid to 6th-largest in the world, with Japan, UK overtaking
According to the IMF's April 2026 World Economic Outlook, India's nominal GDP in 2025 is estimated at $3.92 trillion, placing it sixth globally — below Japan...
India gets invite to join UK-France initiative to secure Strait of Hormuz transit
India received an invitation to join the UK-France led Strait of Hormuz Maritime Freedom of Navigation Initiative ahead of the Paris summit on April 17, 2026...
Maize prices crash below MSP in Telangana; farmers want State Govt to procure produce
Maize prices in Telangana have crashed to ₹1,600–1,700 per quintal, well below the Minimum Support Price (MSP) of ₹2,400 per quintal for the 2025-26 season. ...
Securities and Exchange Board of India (Intermediaries) (Amendment) Regulations, 2026
SEBI has notified the Securities and Exchange Board of India (Intermediaries) (Amendment) Regulations, 2026 by publishing them in the Official Gazette on Apr...
India’s share of global GDP projected to hit 7% by 2050: McKinsey
A McKinsey & Company report released April 17, 2026, projects India's share of global GDP will nearly double from 3.7% in 2025 to 7.0% by 2050, making it the...
Industries urge GST Council to allow inverted duty refunds on input services
Industry bodies and tax experts have urged the GST Council to extend refund eligibility for accumulated Input Tax Credit (ITC) to input services, not just in...
India’s wheat procurement plummets 40% due to delayed start in Madhya Pradesh
India's official wheat procurement for the Rabi Marketing Year (RMY) 2026-27 stood at only 51.34 lakh tonnes as of April 16, 2026 — approximately 40% lower t...
OpenAI to spend more than $20 billion on Cerebras chips, receive equity stake: Report
OpenAI has agreed to spend more than $20 billion over three years on servers powered by Cerebras Systems chips, with total potential spending reaching $30 bi...
Venezuela, IMF, World Bank restore relations, paving way for investment
The International Monetary Fund (IMF) and the World Bank Group announced the resumption of formal relations with Venezuela, recognising the administration of...
Chirag Paswan flags spice export quality issues, says rejections are “disheartening and embarrassing”
Union Minister Chirag Paswan (Minister of Food Processing Industries) flagged persistent quality issues in India's spice exports, calling overseas rejections...
Tea bodies urge PM Modi to allow producers freedom to choose mode of sale
Four leading tea producer associations from Assam and West Bengal — Assam Bought Leaf Tea Manufacturers Association, North Eastern Tea Association, Bharatiya...
Falling prices leave Kashmir apple growers, traders distressed
Wholesale prices of Kashmir apples in markets outside Jammu and Kashmir fell by 30–40%, driven by rising temperatures causing early and rapid ripening, a con...
Iran declares Strait of Hormuz open after Lebanon truce; Trump says blockade to continue
Iran declared the Strait of Hormuz "completely open" for commercial shipping on April 17, 2026, for the duration of the ongoing U.S.-Iran truce. The ceasefir...
India, Austria launch Fast-Track Investment Mechanism; flag India-EU FTA as key trade driver
India and Austria jointly announced the establishment of a Fast-Track Investment Mechanism (FTIM) during the official visit of Austrian Chancellor Christian ...
Indian refiners pay for Iran oil in yuan via ICICI Bank, sources say
Indian Oil Corporation (IOC) and Reliance Industries — both of whom purchased Iranian crude under a temporary US general licence — are settling trade payment...
West Asia conflict hits India’s seafood exports to Gulf nations
Ongoing conflict in West Asia has caused significant disruption to India's seafood exports to Gulf nations, with industry sources estimating exports to the r...
Inside Andhra’s millet push that is turning women into entrepreneurs
Across Andhra Pradesh, a state government initiative is building a network of women-led millet enterprises that connect farms, processing units, and local ma...
China suspends import licences of 3 Indian rice export firms
China's General Administration of Customs (GACC) suspended import licences of three Indian rice export firms, citing alleged presence of genetically modified...
Banking FDI for nuclear power projects in the pipeline, says official
Seema Jain, Member (Finance) at the Department of Atomic Energy (DAE), stated that banking finance and FDI for nuclear power projects are in active planning,...
Oil plunges, stocks jumps as Iran declares Hormuz open
Iran's Foreign Minister Abbas Araghchi announced on April 17, 2026 that the Strait of Hormuz is "completely open" for all commercial vessels for the remainde...