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25 May 2026

9 articles

India's HSBC Flash PMI showed factory and services growth slowing in May amid the West Asia conflict, though activity stayed in expansion.

India ranked 2nd among emerging markets in April, driven by a rebound in exports — largely petroleum products amid high crude prices.

India’s Index of Eight Core Industries grew only 1.7% in April 2026, signalling a tepid start to the financial year.

Indian Railways plans a ~₹40,000 crore tender to procure 100,000 freight wagons over 3-4 years, boosting freight capacity.

India has procured 34.2 million tonnes of wheat this rabi season, above last year and near target, strengthening food buffer stocks.

FM Sitharaman said cutting excise duty on petrol and diesel will reduce government revenue by about ₹1 lakh crore, easing fuel prices for consumers.

With the rupee near 97 to the dollar, the RBI is weighing a rate hike, currency swaps, and overseas dollar-raising to stabilise it.

The RBI’s periodic update shows the vast majority of withdrawn ₹2000 notes have returned to the banking system; the note remains legal tender.

The RBI approved a record ₹2.87 lakh crore surplus transfer to the Centre and raised its contingency risk buffer by over ₹1 lakh crore.