indias current account deficit

Pakistan's economy faces sustained pressure with double-digit inflation likely to persist due to surging global oil prices amid the Middle East crisis. Rising energy costs and regional instability are projected to slow GDP growth and widen the current account deficit, impacting the stock market and currency.

NITI Aayog's report highlights the Middle East conflict's potential impact on India's trade and economy, risking the current account deficit and exchange rate. Instability also slows India-GCC FTA talks, hindering market access. Despite global uncertainty, merchandise trade remains steady, with services showing strong performance.

A US federal trade court ruled against President Trump's 10% global tariffs, deeming them invalid and unauthorized by law. The court found the administration's justification under a 1974 trade law insufficient, a setback for a key trade policy. This decision offers stability to businesses reliant on global supply chains.

Pakistan's merchandise trade deficit expands by 20 per cent : report

India's trade deficit with China has surged to $112.1 billion, driven by a deep reliance on Chinese industrial supplies. Manufacturing sectors like electronics and pharmaceuticals depend heavily on Chinese components, creating significant supply chain risks. Experts urge India to boost domestic production and diversify sourcing to mitigate these vulnerabilities.

Indian Super League clubs have warned the AIFF and sports ministry that a substantial number of teams may withdraw if a proposed entry fee is implemented. Clubs expressed concern over being treated as cost centers, especially after the departure of the previous commercial partner.

DMK candidate Karunanithi K has won the 2026 Tamil Nadu Assembly election in Kovilpatti, defeating Tamilaga Vettri Kazhagam candidate Balasubramanian S and AIADMK candidate Kadambur Raju C. The constituency, known for its industrial base, faced key issues like water scarcity and unemployment. Kadambur Raju, the incumbent MLA, was previously elected in 2021.

MPMRCL Launches ‘Celebration On Wheels’ To Boost Non-Fare Revenue

Moody's has revised India's FY27 growth forecast down to 6% due to weaker consumer demand and slower industrial output, exacerbated by rising energy costs from the West Asia conflict. Higher import bills and subsidy spending will strain government finances. While strategic reserves offer short-term relief, persistent high energy prices could widen the trade deficit and impact inflation.

The Indian rupee is facing significant pressure, weakening against the US dollar due to soaring crude oil prices driven by Middle East geopolitical tensions and persistent foreign fund outflows. Despite India's robust economic growth, the currency's slide continues as the Reserve Bank of India intervenes to curb volatility rather than target a specific exchange rate.

The UAE’s exit from OPEC signals a shift in global oil politics, weakening coordinated supply control. For India, heavily dependent on imports, it could mean more flexible deals ahead, but also greater exposure to price volatility driven by geopolitical tensions.

Assam's Biswanath constituency sees a key contest between BJP's Binod Hazarika and Congress's Pranjal Ghatowar. Exit polls predict a BJP-led alliance victory, potentially keeping Himanta Biswa Sarma as Chief Minister. High voter turnout across the state signals strong public engagement with issues like flooding and unemployment in tea garden areas.

Cyber police busted a sophisticated scam ring cloning dozens of WhatsApp accounts on single devices, shipping them to Cambodia for global fraud. Four arrested in Tripura provided SIM cards and technical support for the operation, which defrauded a Mumbai designer of Rs 33.5 lakh. Investigators are pursuing more suspects.