India's exports reached a six-month high, growing by 18 per cent to USD 45.2 billion in May, driven by electronic goods, petroleum products, engineering items, and pharmaceuticals. However, the trade deficit widened to USD 28.21 billion due to a 10 per cent rise in imports, particularly petroleum products and gold, amidst surging crude oil prices.
Indian refiners are recalibrating their crude sourcing strategy due to supply disruptions in West Asia, leading to Venezuela and Brazil emerging as top five suppliers in April, replacing traditional sources like Iraq and the United States.
Prime Minister Narendra Modi and US Secretary of State Marco Rubio discussed various aspects of India-US bilateral ties, focusing on defence, trade, energy, and technology. Rubio extended an invitation from President Donald Trump for PM Modi to visit the US.
The start of the West Asia conflict has led to a sharp increase in crude-linked raw material prices, pushing up the price of helmets across the country.
The West Bengal government, led by Chief Minister Suvendu Adhikari, has announced the implementation of several key administrative and policy measures, including the adoption of the Ayushman Bharat health scheme, land transfer to the BSF for border fencing, and the implementation of the BNS criminal law.
Indian cement manufacturers, despite a stable Q4FY26, are bracing for significant profitability pressures from Q1FY27 onwards due to escalating input costs, primarily driven by the West Asia conflict's impact on coal and petcoke prices.
India's Central government is likely to see its fertiliser subsidy bill double to a record 3.4 trillion in FY27, up from the Budget estimate of 1.7 trillion, due to surging global fertiliser prices exacerbated by the West Asia war. This significant increase, coupled with revenue losses from excise duty cuts for oil-marketing companies, is straining the government's fiscal space, though capital expenditure plans remain unchanged.
The IMD is predicting close to a 60% probability of deficient rainfall, which means there is a strong possibility that the monsoon this year will be poor.
A lesson for India is to clearly define objectives beforehand, so that the adversary or other parties do not attempt to mitigate them midway.
Madhya Pradesh Chief Minister Mohan Yadav has expressed confidence that the BJP will form a government in West Bengal, praising Prime Minister Narendra Modi's leadership and citing high voter turnout as a sign of public trust.
In West Bengal's political circles, it was widely believed that after Mamata Banerjee, Suvendu Adhikhari was perhaps the only leader with a truly significant mass base of his own.
If West Bengal does not begin to reclaim its lost pride, the state would have lost -- perhaps irreversibly, this time, notes Vice Admiral Biswajit Dasgupta (retd).
West Bengal's new government, led by Chief Minister Suvendu Adhikari, has approved several key policy changes, including the implementation of the Ayushman Bharat health scheme, land transfer for border fencing, and the adoption of new criminal laws.
Former wicketkeeper-batter Syed Kirmani revealed that he was in contention for India captaincy along with Dilip Vengsarkar ahead of the 1983 World Cup before the selection panel zeroed in on legendary Kapil Dev.
Hussain stuck his neck out and suggested six-time champions Australia, tournament hosts England, reigning ICC Women's Cricket World Cup winners India and reigning title holders New Zealand would be the four teams most likely to reach the knockout stages.
India's fiscal deficit is projected to reach 4.5 per cent of GDP for the current fiscal year, exceeding the budgeted target, as the government's policy responses to the West Asia conflict are expected to strain public finances, according to research firm BMI.
India has strongly protested to the United States after three merchant ships with Indian crew members were attacked by the American military off the coast of Oman, resulting in the deaths of three Indian nationals.
With the southwest monsoon stalled over southern Maharashtra, India is facing a nationwide rainfall deficit of 41 percent between June 4 and June 18, according to the latest India meteorological department (IMD) data.
Moody's Ratings has downgraded India's growth forecast for financial year 2026-27 (FY27) to 6 per cent from 6.8 per cent, attributing the revision to weaker consumption and industrial activity, elevated energy prices, and rising input costs stemming from the West Asia conflict.
India has strongly protested a US military strike on the commercial vessel Settebello off the Oman coast, which left three of the 24 Indian crew members missing. The US Central Command stated it disabled the Palau-flagged vessel for violating a blockade of Iranian ports.
As the rupee weakens, wealthy families are accelerating investments in global assets.
Chief Economic Advisor V Anantha Nageswaran stated that India's economy is projected to return to a 7 per cent-plus growth trajectory by 2027-28 (FY28), or sooner if external conditions improve, despite near-term challenges from the West Asia crisis.
The Indian government is set to accelerate reforms, including measures to enhance foreign direct investment, speed up divestment, and boost asset monetisation, to maintain economic growth despite rising fuel and fertiliser import costs driven by the West Asia crisis.
'When I look at India's relative valuations, these are by far the lowest I have seen in my 35-year career.' 'The relative 12-month trailing performance is among the weakest I have seen, and foreign investor positioning is at a 16-17 year low.'
Dinesh Trivedi's experience as a businessperson and his fluency in Bengali are expected to be crucial in strengthening India-Bangladesh relations, particularly in attracting Indian investments to Dhaka.
India has maintained its number one position in the ICC Men's ODI Team Rankings after the annual update, though their lead over New Zealand has decreased. The update also saw South Africa climb to fourth place, overtaking Pakistan, and several other shifts in the lower ranks. India also leads the Men's T20I rankings, while Australia tops the Test and Women's ODI and T20I lists.
India produced a record-breaking batting display, piling up 402 runs against Afghanistan in the second ODI of the three-match series in Lucknow on Wednesday, in a match filled with major individual milestones.
The 23rd FIFA World Cup, to be staged across the Americas from June 11 to July 19, has once again ignited excitement across the globe. India, despite its national football team languishing at 139th in the FIFA rankings, has been swept up in the tournament's magic.
Prime Minister Narendra Modi expressed confidence that the BJP would form the next government in West Bengal after the assembly polls, asserting that he would return to the state for the oath-taking ceremony after results are announced on May 4.
23 political parties of the INDIA bloc will meet on Monday to redraw their strategy to take on the BJP and iron out differences amid changed power dynamics after the defeat of regional anchors TMC and DMK in the recent assembly polls.
Russia's First Deputy Prime Minister Denis Manturov met with Indian leaders to discuss strengthening bilateral ties in key sectors amidst the escalating conflict in West Asia.
US President Donald Trump lauded Prime Minister Narendra Modi as a "very tough negotiator" and hinted at a future visit to India during their meeting on the sidelines of the G7 Summit, where they discussed trade, defence, and the West Asia crisis.
The India vs Pakistan match in the Women's T20 World Cup created a new record as the most-attended group-stage game in the history of the ICC Women's World Cup.
India's total automobile retail sales recorded a significant 9.55 per cent year-on-year growth in May, reaching an all-time high of 25,31,067 units, driven by strong performances in three-wheelers, passenger vehicles, and tractors, despite prevailing heatwave conditions and fuel price pressures.
Companies are already diversifying sourcing, raising prices, and reworking operating models as the disruption drags on.
Polling for West Bengal's remaining 142 assembly seats will be held in the second phase on Wednesday, April 29, 2026.
The CPI(M) will attend the INDIA bloc meeting on Monday, with its MP John Brittas expected to raise concerns about allegations made by Congress leaders during the Kerala Assembly elections. The Left party is awaiting a clarification from the Congress regarding claims of a CPI(M)-BJP understanding, which it views as inconsistent with alliance cooperation.
The reopening of the Strait of Hormuz, following a ceasefire agreement between the US and Iran, is expected to significantly ease India's crude oil supply risks, lower freight costs, and reduce inflationary pressures, as global oil prices have already dropped.
India has condemned an attack on Kuwait International Airport, which resulted in the death of one Indian national and injuries to several others. The Ministry of External Affairs reiterated its call for an end to targeting civilian populations and infrastructure, while the Indian mission in Kuwait provides assistance to affected nationals.
Prime Minister Narendra Modi has welcomed the understanding between the United States and Iran to end the conflict in West Asia, expressing hope that the pact will restore peace, stability, and ensure freedom of navigation in the region. The deal, aimed at ending a 107-day war that caused a global energy crisis, is set for signing on June 19.
