Economy

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

With the upcoming Budget, Nirmala Sitharaman will set a record for presenting the most number of consecutive budgets.

Trumps move comes hours after President Claudia Sheinbaum touted a "cordial" conversation with her US counterpart that focused on trade, and didnt touch on Cuba, according to the Mexican leader.

Trump is said to be considering four candidates on his shortlist: National Economic Council Director Kevin Hassett, Fed Governor Christopher Waller, former Governor Kevin Warsh and BlackRock Inc. executive Rick Rieder.

West Texas Intermediate was near $66 a barrel after a three-day rally — aided in part by a weaker dollar — while Brent settled above $70 for the first time since July.

The Feds decision to leave rates unchanged followed three straight reductions in the final months of 2025.

"Think less about the tariffs, and more about the opportunities like you (India) have done (the FTA) with the European Union," he said.

The Survey said the concert economy in India was nascent but scaling, supported by a young population, rising incomes, digital ticketing platforms and improving urban infrastructure.

About 95% of the coking coal used in the countrys steel sector currently comes from overseas.

In an apparent reference to Trump's military action against Venezuela and threats to take over Greenland, which is opposed by Britain, Xi said China will never pose a threat to other countries, no matter how it grows and develops.

The basket of new consumer price index will comprise 358 items, representing the pace of price hike across sectors. In the existing series, prices are collected for 299 representational items.

It said the inflation outlook remains benign, supported by favourable supplyside conditions and the gradual pass-through of GST rate rationalisation.

Samsonite Nashik is now the worlds largest luggage hub. Economic Survey 2026 explains why clusters are Indias potential growth engine.

Reducing the food weight would have important ramifications for the Reserve Bank of Indias monetary policy.

The Survey tabled in Parliament said that India's electronics sector has undergone a structural transformation in recent years.

Corporate salary growth, GST relief and hiring momentum point to an urban revival even as rural demand risks moderation amid weak kharif prices.

Nageswaranalso argued that prolonged accommodative monetary policies since the global financial crisis have distorted asset prices worldwide.

It said research on digital addiction has shown distinct risks and mental health consequences among the youth.

He highlighted ongoing efforts to deregulate key sectors such as insurance and nuclear energy, describing them as crucial steps to provide long-term policy certainty.

India relies on imports for more than 90% of its metallurgical coal supplies for use in steel mills.