India's Economy Under Strain from Iran War, Growth Forecasts Cut
India's economic outlook dims as the Iran conflict disrupts oil supplies, weakens the rupee, and prompts major institutions to downgrade GDP growth forecasts significantly.
Category : Economy
Oil Futures Drop 3% After Trump's Iran Move
Crude oil futures fell sharply by over 3% to Rs 9,265 per barrel following former President Trump's indication of exiting Iran. The May contract also declined 3.56% to Rs 8,661, reflecting broad weakness in near-term oil markets.
India's LPG Shortage May Hinder Tech Investments
A worsening LPG shortage in India could force planners to advise Silicon Valley firms to slow their investments, potentially impacting the tech sector's growth and creating economic challenges.
Gold Prices in India Rise Across Cities and Futures Market
Gold prices in India remained firm on Wednesday, with gains in futures contracts and retail rates across major cities. Key contracts on MCX posted increases, while cities like Delhi, Mumbai, and Chennai saw notable rises in 24K and 22K gold prices.
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Rupee Could Hit 100 vs Dollar Amid US-Iran Conflict
Experts warn the Indian rupee may depreciate to 100 against the US dollar if the US-Iran conflict persists, driven by high oil prices and capital outflows. RBI interventions offer limited support.
Iran War Impact: LPG Prices Rise, Airfares Set To Surge
The Iran-US conflict is hitting India hard, with commercial LPG prices rising and airfares set to surge as jet fuel costs double. The ripple effects threaten inflation and household budgets.
West Asia Crisis Doubles Jet Fuel, Hikes Commercial LPG Prices
The ongoing conflict in West Asia has led to a more than doubling of jet fuel prices and a Rs 195.50 increase per 19 kg commercial LPG cylinder in India, impacting aviation and business sectors.
Gold, Silver Prices Rebound After Worst Monthly Fall Since 2008
Gold prices rise modestly as the US dollar softens, following an 11% decline in March driven by Fed policy and Iran conflict. Analysts see limited upside due to inflation.
Commercial LPG Prices Hiked Rs 195.5 Amid Oil Rate Surge
Commercial LPG cylinder prices increased by Rs 195.5, marking the second hike since February's conflict began. This follows a previous Rs 114.50 increase on March 1, driven by soaring global oil rates.
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Commercial LPG Prices Hiked Rs 195.5, Second Increase Since Conflict
Commercial LPG cylinder prices in India have been raised by Rs 195.5, marking the second hike in a month due to soaring global oil rates amid ongoing West Asia conflict.
LPG Crisis in India: Price Hikes, Shortages Hit Cities
Commercial LPG cylinder prices surge from April 1, with Delhi up by Rs 195.50 and Kolkata by Rs 218. Supply shortages disrupt auto-rickshaws in Bengaluru and Telangana, while domestic delivery issues and protests in Patna highlight widespread crisis.
Commercial LPG Prices Hiked in Delhi, Kolkata
Prices for 19 kg commercial LPG cylinders have been increased from Tuesday, with Delhi seeing a hike of Rs 195.50 and Kolkata Rs 218. The revised rates are effective immediately.
UP Aims for $6 Trillion Economy by 2047 with 16% Growth
Uttar Pradesh plans to achieve a $6 trillion economy by 2047, requiring an annual growth rate of 16%. The state's current economy is $356 billion, contributing over 9% to India's GDP.
Ghost LPG Deliveries Lock Out Consumers Amid Fuel Crisis
Complaints of ghost LPG cylinder deliveries are rising across India, with consumers receiving false delivery messages or no cylinders, leaving them unable to book refills due to mandatory waiting periods during the fuel crisis.
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India's 2026-27 Economic Growth Forecast: Insights & Challenges
India's economy is projected to grow at 6.5% in 2026-27, driven by manufacturing and services, but faces challenges like inflation and global uncertainties.
India's Job Crisis: Life in the Great Waiting Room
India faces a severe job crisis, with millions of educated youth stuck in a 'great waiting room' of unemployment, highlighting economic and social challenges.
West Asia War May Cut India's GDP Growth by 1% in FY27
A new report indicates that the ongoing conflict in West Asia could erode India's GDP growth by up to 1 percentage point in the 2026-27 fiscal year, highlighting economic vulnerabilities.
US Consumer Confidence Rises Slightly Amid Iran War Fuel Price Spike
US consumer confidence increased marginally to 91.8 in March despite surging fuel prices due to the Iran conflict, revealing resilience in spending but growing inflation anxiety and economic uncertainty.
Modi on Pax Silica: India Building Critical Mineral Stockpiles
Prime Minister Narendra Modi announces India's mission to secure critical minerals and strengthen raw material supply chains through global partnerships like Pax Silica.
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Hailstorms Damage Wheat Crops in Punjab, Haryana; Farmers Seek Aid
Unseasonal rain and hailstorms hit Punjab and Haryana, flattening wheat crops before harvest. Farmers report heavy losses, demand compensation, and IMD warns of more bad weather ahead.
Powell on Iran War Inflation, Labor Market, and Fed Independence
Federal Reserve Chair Jerome Powell addresses inflation risks from energy price spikes due to the Iran war, highlights subdued hiring and AI's impact on jobs, and stresses Fed independence amid political pressures.
US Gasoline Prices Cross $4 Per Gallon Amid Iran War
US gasoline prices have exceeded $4 per gallon for the first time since 2022, driven by global oil supply disruptions from the Iran war, impacting inflation and daily costs.
Middle East Conflict Could Cut India's FY27 GDP Growth by 1%: EY
A new EY Economy Watch report warns that escalating Middle East tensions could shave off 1 percentage point from India's FY27 GDP growth projections, impacting key employment-intensive sectors.
Lucknow Jewellery Sales Triple After Gold Price Drop
Lucknow's jewellery market experiences a buying frenzy as gold and silver prices drop significantly. Daily sales volumes have nearly tripled, with customers rushing to purchase ahead of potential price increases and the wedding season.
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India's Economic Growth: Trends and Future Outlook
An in-depth analysis of India's economic performance, highlighting key growth drivers, challenges, and projections for the future based on recent data and expert opinions.
CAG Report Reveals Rs 30,000 Crore Arrears, Blocked Capex
A recent CAG report tabled in the legislature highlights Rs 24,917 crore in GST and excise arrears for FY 2024-25, with total arrears reaching Rs 30,000 crore and significant capital expenditure blocked, raising concerns over fiscal management.
Milk in Jalandhar to Cost Rs 5 More per Litre from April 1
Residents of Jalandhar will face a price hike of Rs 5 per litre for milk starting April 1, 2024, impacting household budgets and local dairy consumption patterns.
Industrial Output Growth Hits 5.2% in February
India's industrial production growth accelerated to 5.2% in February 2026, driven by a robust 6% expansion in the manufacturing sector, according to latest government data.
Fuel Duty Cut Signals Budget Squeeze, Post-Poll Price Rise Likely
A fuel duty cut has been implemented to keep retail prices stable during Assembly elections in four states and a Union Territory, but this move indicates budget constraints and potential price hikes after the polls.
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Fed's Powell: Can Weather Energy Shock, Ready to Act on Inflation
Federal Reserve Chair Jerome Powell says the central bank can look through Middle East conflict-driven energy price shocks but may need to respond if inflation expectations shift.
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