Economy

With the Budget 2026 just around the corner, NDTV Profit will take you through what different sectors and industries are expecting.

"India and Europe have made a clear choice. The choice of strategic partnership, dialogue and openness. Leveraging our complementary strengths. And building mutual resilience," Von der Leyen said.

Bullion climbed around 2% to above $5,085 as dollar weakness reinforced demand. A gauge of the US currency has fallen almost 2% in six sessions, with speculation that the US may assist Japan in efforts to boost the yen adding to worries over Federal Reserve independence and Trumps erratic policymaking.

The dollar weakened against major currencies after the New York Fed's rate check fueled speculation of US support for Japan's efforts to strengthen the yen.

A fitment factor of 3.0, if recommended, would result in basic salaries sans DA rising by 200% under the 8th Pay Commission.

The free trade agreement, being touted as the "mother of all deals", is set to be formally announced on Jan. 27, an official reportedly said.

The pact is nearing the finishing line after 18 years. The talks started in 2007.

GTRI said that as global trade is increasingly shaped by tariffs, geopolitics and supply-chain realignment, the India-EU economic relationship stands out for its clarity of purpose.

Modi said Indian products should be synonymous with top quality and urged the industry to manufacture zero defect products.

Import of Russian crude oil dropped to around 1.1 million barrels per day in the first three weeks of January, from an average of 1.21 million bpd in the previous month

Santanu Sengupta, Chief India Economist, Goldman Sachs expects a revision of India's growth outlook in case the US trade deal is delayed beyond Q1FY27

With the Budget 2026 just around the corner, NDTV Profit will take you through what different sectors and industries are expecting.

Officials in Washington are widely expected to defy US President Donald Trumps calls for lower borrowing costs on Wednesday.

Theres a stark tension lurking between the lines spoken by the two American billionaires: Foreign investors have had an insatiable appetite for US stocks over recent years, playing a huge role in driving benchmark indexes to the records Trump likes to boast about. Europeans, in particular, have been voracious buyers. And while Trump lowered the temperature toward Euro...

"China will eat Canada alive," Trump said, upset over Carney's rapprochement with Beijing and moving out of US orbit.

US Treasury Secretary Scott Bessent told a US Media agency that there may be a path for the removal of 25% of the 50% tariffs levied on India due to the reduction of the country's oil purchase from Russia calling the tariff system a "huge success."

A major driver for the change is that commodities such as copper and aluminum have become less correlated to economic cycles. Historically seen as short-cycle trades, dictated by how fast or slow the world economy is growing, they have gradually morphed into structural investments.

At Davos, the challenge was framed as a permanent tension: act decisively, but accept ambiguity; move fast, but protect what matters; adopt AI, but preserve human judgment.

Finance Minister Nirmala Sitharaman will present the Union Budget 2026-27 on an unorthodox day of the week, being Sunday, Feb. 1, 2026.

The India-EU free trade deal aims to expand markets for Indian exports, reduce tariffs and strengthen economic ties.