Economy News

The US has assured India of a competitive tariff advantage over rival countries. However, the final tariff structure remains linked to Washington's Section 301 investigation covering 60 economies.

India's merchandise exports hit a record $49.47 billion in October, rising 45% year-on-year, but a 16.5% increase in imports pushed the trade deficit beyond expectations to $39.88 billion.

Lokesh said Andhra Pradesh had attracted investments worth Rs 22 lakh crore over the past two and a half years.

Inflation has now risen every single month in 2026, climbing steadily from 2.74% in January, a ninth straight monthly increase under the new series.

Milk, ghee, butter, detergents and cigarettes have become costlier across India, while commercial LPG and aviation fuel prices have also climbed, adding to the pressure on household and business budgets.

Cognizant's 25,000-job plan and fresh commitments from LG and Google bolster Andhra Pradesh's tech ambitions.

Seth R. Freeman said oil prices remain difficult to predict as geopolitical developments could disrupt supplies through the Strait of Hormuz.

In its Global Macro Outlook 2027-28, Moody's, however, said that near-term risks to growth persist as household consumption remains vulnerable to "intensifying and broadening price pressures", with headline inflation close to the upper end of the RBI's inflation target range.

India's net direct tax collections increased 11.76% to Rs 14.42 lakh crore as of November 10, 2026. Gross collections rose 14.02%, while refunds jumped 25.91%.

The Enforcement Directorate has provisionally attached properties, a BMW car, and bank balances worth Rs 14.16 crore in the Hashpay case.

The consumer price index, excluding food and energy, rose 0.3% from a month earlier, according to Bureau of Labor Statistics data. Overall prices climbed 0.4%.

Fed officials left interest rates unchanged at their Oct. 27-28 meeting after raising them by a quarter percentage point in September. That was the first rate hike since 2023 as policymakers seek to cool inflation that has been above their 2% target for more than five years.