Economy

"Reverse migration is a headline. The digital ecosystem is the plot," Mittal added.

Speaking about ongoing negotiations between New Delhi and Washington, Gor reiterated that India has agreed to diversify its energy sourcing. He added that Washington's position is rooted in its broader objective of ending the Russia-Ukraine War.

India's inflation remained relatively benign under a revised data series published earlier this month, bolstering the case for the central bank to keep rates on hold.

Steel production remained strong, with the output rising by 9.9% after a 6.9% growth in December.

If the sweeping levies are declared illegitimate, it could rattle Washington's entire economy as a whole.

Piyush Goyal also said that the 27-nation bloc, the European Union, also wants to implement the trade deal as early as possible.

While oil imports from Moscow have fallen in recent months — and flows from other nations such as Saudi Arabia picked up — they haven't come to a halt.

IndusInd Bank said the additional branches doing gold loans is driven by the need to make secured credit more accessible, convenient, and reliable.

Imports from Russia are expected to shrink further next month, according to Kpler, which forecasts flows at a range of 800,000 to 1 million barrels a day.

Earlier this month, India and the US released a joint statement to announce that a framework for an interim trade agreement has been finalised.

Georgieva said that the exposure to AI could rise to as much as 60% in advanced economies, while India's impact level is expected to be around 26%

Latest data showed India's trade deficit widened to $34.68 billion in January from $25.05 billion a month earlier, just weeks before New Delhi agreed to an interim pact with the US to lower tariffs.

Earlier this month, India and the US released a joint statement to announce that a framework for an interim trade agreement has been finalised.

The two leaders last met on February 13, 2025, during PM Modi's official working visit to Washington, DC. Throughout 2025, both sides stayed in frequent contact, particularly as trade negotiations gained momentum.

Under the deal, Indonesia — a Group of 20 nation that counts the US as its second-biggest export destination — will avoid the threatened 32% tariffs and instead face a 19% rate for most goods.

Initial claims decreased by 23,000 to 206,000 in the week ended Feb. 14, according to Labor Department data.

The trade data were notably volatile in 2025 on a month-to-month basis as US importers reacted to a persistent drumbeat of tariff announcements from President Donald Trump.

The minimum basic pay could jump from Rs 18,000 to Rs 46,260 under fitment factor of 2.57. This might effectively mark a 30-34% hike for most levels.

The yen led losses among the Group-of-10 after the New Zealand dollar, falling 1% versus the greenback to 154.81 in New York.

The minutes showed most of the Federal Open Market Committee believed last year's labor market weakness was fading by late January.