Economics
Trade, fiscal policy, banking, agriculture and economic indicators
India's factory output expands 4.8% in January, slowing after two months of strong growth
India's Index of Industrial Production (IIP) grew 4.8% year-on-year in January 2026, slowing from the two-year high of 8% (revised) recorded in December 2025...
PMI Manufacturing rose to 4-month high of 56.9 in February
India's Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global (HSBC India Manufacturing PMI), rose to 56.9 in February 2026 — up from 55.4 i...
Iran-Israel war: India’s auto parts sector notes delay in supply to EU
The Iran-US-Israel war that began February 28, 2026 and the subsequent near-closure of the Strait of Hormuz triggered significant delays in India's auto comp...
Ras Tanura refinery temporarily shut down after drone attack
Saudi Aramco temporarily shut down the Ras Tanura refinery on March 2, 2026, after Iranian drones targeted the facility on Saudi Arabia's eastern Gulf coast....
Oil and gas prices jump as conflict escalates
Global crude oil and natural gas prices surged sharply as the West Asia conflict, triggered by US-Israeli strikes on Iran on February 28, 2026, escalated and...
India, Canada aim for trade pact by year-end, strike uranium deal
India and Canada signed a $2.6 billion uranium supply agreement covering 22 million pounds of uranium to be delivered between 2027 and 2035, executed through...
Canada India Eco Partnership Agreement: Canadian PM says CEPA aims to conclude by year-end
On 2 March 2026, India and Canada formally launched Comprehensive Economic Partnership Agreement (CEPA) negotiations at Hyderabad House, New Delhi, as Canadi...
Many Maharatna, Navratna PSUs face board governance gaps: Survey
A corporate governance survey by Excellence Enablers — led by former SEBI chairperson M. Damodaran — covering all 40 Maharatna and Navratna PSUs found signif...
Oil, gas prices continue to spike as tensions mount in West Asia
Oil and natural gas prices surged sharply in the first days of March 2026 as the Iran-US-Israel war escalated and supply disruptions from the Gulf region mul...
Factory output grew by 4.8% in January, lowest in 3 months
India's Index of Industrial Production (IIP) recorded 4.8% year-on-year growth in January 2026, released by MoSPI on March 2, 2026 (with the standard ~6-week...
Consumer durables, FMCG firms stare at heightened cost pressures amidst escalating conflict in West Asia
India's consumer durables and fast-moving consumer goods (FMCG) sectors are facing sharply elevated cost pressures as the West Asia conflict drives up crude ...
India and Canada reset ties with 'landmark' nuclear energy deal
India and Canada reset their bilateral relationship with a landmark nuclear energy deal on March 2, 2026, marking the most significant diplomatic shift betwe...
QatarEnergy halting LNG production may impact India’s gas consumption
QatarEnergy, the world's largest LNG producer, suspended all LNG production and associated products on March 2, 2026, after Iranian drones struck critical in...
Rupee crashes 42 paise to settle at 91.50 against U.S. dollar
The Indian rupee depreciated sharply by 42 paise on March 2, 2026, settling at ₹91.50 against the US dollar — its weakest level at that point in the West Asi...
Stock market crashes 1.25% on U.S.-Iran strikes
Indian equity markets suffered a sharp sell-off on March 2, 2026, as news of US and Israeli strikes on Iran — including reports of the killing of Supreme Lea...
U.S. futures, Asian shares open lower, oil prices soar as U.S. and Israeli attack Iran
US and Israel conducted joint military strikes on Iran around February 28-March 1, 2026, targeting government buildings and military installations Brent crud...
US-Iran war leaves 70,000 tonne of Indian Basmati to Gulf stuck on high seas
The US-Iran war and the resulting closure of the Strait of Hormuz has stranded an estimated 70,000 tonnes of Indian basmati rice specifically in transit to G...
Escalating West Asia conflict poses risk for Indian tea exports
The escalating West Asia conflict, triggered by US-Israeli strikes on Iran under Operation Epic Fury in late February 2026, has effectively halted shipping t...
Industrial production index growth slows to three-month low of 4.8%, dragged by slowdown across sectors
India's Index of Industrial Production (IIP) grew 4.8% year-on-year in January 2026, marking a three-month low, driven primarily by a deceleration in manufac...
Russian buffer for crude, but India’s LPG imports vulnerable as Iran conflict chokes Strait of Hormuz
As US-Israel military strikes on Iran in late February 2026 disrupted tanker traffic through the Strait of Hormuz, India's crude oil supply from the Gulf fac...