Despite global economic headwinds from the Middle East crisis, India’s government remains optimistic about growth, citing strong domestic consumption and intact GDP momentum. Officials confirm no immediate need for extra borrowing, with fiscal targets holding firm. Disinvestment plans are progressing, and further FDI measures are anticipated.
China’s exports surged 19.4% in May, exceeding forecasts, driven by robust demand for semiconductors and electric vehicles. Shipments to the US saw a significant rebound, growing over 35%. This strong trade performance is expected to support China’s economic growth targets for the year.
The government has notified rules for setting up coal exchanges to improve price discovery and transparency in the coal market. These exchanges will facilitate market-driven trading, offering commercial and captive miners wider buyer access. This initiative aims to modernize the coal supply chain and enhance energy security.
“Oil prices will be lower if Hormuz reopens earlier. Uncertainty remains high regarding the timing of Hormuz reopening, and oil prices will remain volatile as a result,” Fitch says.
Fitch Ratings has lowered India’s FY27 GDP forecast to 6.4% due to rising costs from Middle East conflict impacting consumer spending. While domestic demand remains a driver, higher prices are expected to reduce purchasing power, with the most visible impact in Q2 and Q3 of FY27.
The tunnel, a key strategic project that will ensure year-round connectivity between Kashmir and Ladakh, is set to reach a major milestone on Tuesday with the scheduled “breakthrough” blast.
Despite a lower import volume of 721 tonnes compared with the previous year, India’s gold import bill rose 24% to a record $71.9 billion in 2025-26.
The Indian rupee strengthened by 20 paise against the US dollar in early trade on Tuesday, opening at 95.47. This gain was attributed to easing oil prices, a weaker US dollar index, and a de-escalation of tensions between Israel and Iran. Domestic equity markets also traded higher, reflecting positive sentiment.
SpiceJet pilots and employees are still awaiting salaries owed since March, as the airline seeks an emergency government-backed loan. Internal messages reveal significant financial strain, with employees struggling to manage daily expenses. The airline acknowledges payment delays, attributing them to operational challenges and the Middle East crisis.
Gold price prediction today: Gold prices continue to be under pressure as crude oil prices remain high, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.
