India’s economy shows resilience amidst global turmoil. SBI Research projects strong GDP growth between 6.8% and 7.1% for FY27. The nation navigates oil shocks from a position of strength. Domestic fundamentals provide a buffer. Potential risks like Super El Nino are noted. Inflation is expected at 4.5% with fiscal deficit around 4.5-4.6%.
India’s gold and silver markets anticipate over Rs 20,000 crore in sales this Akshay Tritiya, a rise from last year’s Rs 16,000 crore, despite record-high prices. Consumers are shifting towards lightweight jewelry and silver, with a notable decline in the volume of metals purchased, indicating value growth driven by price escalation rather than increased consumption.
India’s cooking gas use plunged 13% in March, hit by Middle East conflict-induced supply snags. While household needs were prioritized, commercial LPG consumption saw a drastic drop. Domestic production was boosted to compensate for import disruptions, though overall fiscal year LPG demand still grew. Jet fuel demand remained flat, but petrol and diesel consumption showed
Aspiring pilots face a steeper climb as jet fuel prices surge and the rupee weakens, pushing Commercial Pilot Licence (CPL) costs in India to Rs 60-70 lakh. Training abroad now incurs 15-16% higher expenses. This financial strain, coupled with long waits for flying hours and jobs, makes the dream of flying increasingly challenging for many.
In fact, IMF’s latest World Economic Outlook (April 2026) sees India sitting at the sixth spot this financial year too. What has led to the sudden fall? Why has India dropped to the sixth position, falling behind the UK, instead of overtaking Japan to become the fourth largest economy?
