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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14 India’s economic growth journey huge opportunity for international partners: Kwatra From diesel to daylight: How government solar schemes are powering India’s farmers The next energy leap: Replicating ethanol’s success in diesel Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 Windfall levy on export bound diesel, ATF raised India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Central Railway to run four special local trains for Ambedkar Jayanti Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains West Asia Crisis: Induction cooking may consume 13-27 GW power Govt defers power plant maintenance for three months; ready for summer demand Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut India to continue buying Russian crude oil India’s textile and garments exports to the US declined 28.7% in February 2026 Why India’s ₹5 pack won’t disappear, but getting smaller West Asia conflict: LPG usage at 21-month low in March E-way bill generation surged all time high of over 14 crore in March Cotton prices firm up tracking global prices Corn prices poised to fall on Iran-US ceasefire pact Air India at critical stage of transformation: Tata Sons Chairman FYL91 commences new flights to Hyderabad, Rajahmundry and Vijayawada Telangana’s GST revenue up 15% in last 3 months ASMS launches agri-commerce network AYOU in Hyderabad Ladakh turns to apricot blossoms to stretch short tourism season Govt proposes overhaul of company incorporation rules to cut paperwork, enable risk-based checks HAL delivers 4 helicopters to Coast Guard Charter services operators urge review of ATF pricing Structural gaps affect growth of India’s high-value horticulture sector: Report Rubio set to visit India in May to discuss trade, tariffs, defence, Quad DGFT rolls out procedure for allocation of calcined coke Qatar vows to remain reliable energy supplier to India amid West Asia tensions Gadkari bats for 100% land acquisition before approving NH projects India must rethink West Asia energy reliance after biggest shock in decades, says ONGC chief Sumeet SSG partners Pinnacle Industries to strengthen Maharashtra’s EMS fleet Consumer durables growth muted as demand slows, margins shrink: HDFC Securities March 2026 was the fourth-warmest month on record, says European weather agency India relaxes rice exports norms to some European countries Unseasonal rains damage rabi crops on 2.49 lakh ha, wheat most affected: Agri Minister ADB projects 6.9% growth rate for current fiscal, 70 bps lower than FY26 India-UK FTA likely by May 1; 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India’s heat exposes a fragile grid as energy crunch deepens
2026-05-01 · via Economy News, Latest Economic News Today | The HinduBusinessLine
Jaipur: In view of the intense heat, Municipal Corporation deploys water-sprinkling vehicles to spray water on roads, providing relief to motorists and pedestrians, in Jaipur on Wednesday

Jaipur: In view of the intense heat, Municipal Corporation deploys water-sprinkling vehicles to spray water on roads, providing relief to motorists and pedestrians, in Jaipur on Wednesday | Photo Credit: ANI

India is preparing for a blistering summer until monsoon rains arrive in June, with above-normal heat already straining power grids at a time when the country is grappling with energy shortages.

Heat waves are forecast to persist for longer than usual in densely populated states of western and eastern India, the country’s weather forecaster said on Friday.

Areas like Gujarat, Maharashtra and parts of the foothills of the Himalayas will see more days of unusually high temperatures in May — typically the peak of the pre-monsoon summer.

Other regions will also witness heat wave days but for shorter periods, the India Meteorological Department said in a briefing that overall predicted normal to below-normal maximum temperatures for this month. It had earlier forecast a higher than usual number of heat days for May and June.  

The news will bring scant relief to a country struggling to cope under the combined pressure of warmer-than-usual April days and the fallout from the war in the Persian Gulf. With vital energy suppliers cut off from world markets, India has been left short of crude, liquefied natural gas and liquefied petroleum gas, used for cooking.

Data from digital air-quality monitoring platform AQI earlier this week showed that every one of the 50 hottest cities in the world were in India.

“India occupied the entire list, from rank 1 to rank 50,” AQI said in a report. “This is not a normal April. And it demands a serious, data-grounded reckoning.”

The rankings are based on sustained temperatures through 24 hours of the day on April 27. A city can report a scorching afternoon maximum, but could rank lower if it cools off during the nights, AQI said, explaining the methodology.

At the top of the list was Banda, an arid town in the water-starved Bundelkhand region of Uttar Pradesh. According to AQI, it hit a top temperature of 46.2C (just over 115F) during the day — but its lowest, which typically comes after the midnight, was 34.7C, a level higher than what most of Europe considers a dangerous summer heat wave. (IMD put the maximum on the day at an even loftier 47.6C.)

All the while, heat is pushing up electricity demand to unprecedented levels, triggering blackouts as infrastructure and generation struggle to cope. Temperatures have surged beyond 40C (104F) in April — punishing levels, given the humidity — and nights offer only mild relief, forcing residents to run cooling appliances around the clock.

The IMD said above-normal minimum temperatures were likely in May over many regions.

“The impact of climate change is more on night temperatures. In the long-term, the temperatures are seeing a rising trend,” said Mrutyunjay Mohapatra, director general of meteorology at IMD, adding cloudy conditions trapped heat and exacerbated the problem.

The resulting demand for round-the-clock power is testing the ability of India’s electricity system to provide uninterrupted supply.

The rapid addition of renewable capacity over the past decade and the more recent revival of coal-fired generation have ensured there is enough power-station capacity to meet daytime requirements. But without solar, which accounts for about 30% of total generation capacity, nights are a challenge.

All the more so with LNG imports hampered by the war, starving gas-powered plants that can provide a vital bridge. Almost 21 gigawatts of coal and nuclear power capacity, meanwhile, were under maintenance shutdowns as of Tuesday, according to government data, mostly due to forced outages.

Since temperatures shot up this April, India has reported night-time shortfalls of as high as 5.4 gigawatts — the equivalent of serving roughly 2.7 million rural homes.

El Nino conditions are expected to prevail during the monsoon season from June to September, the IMD said during its Friday briefing, suggesting a risk to rainfall that could further stress the power grid due to increased use of electricity for farm irrigation and a prolonged dependence on cooling.

With blackouts becoming more frequent, residents have aired complaints on social media and, in some cases reported by local media, on the streets. In Punjab, among the earliest provinces to be hit by scheduled blackouts, the main opposition party Shiromani Akali Dal has organized a protest.

Another simpler factor is also leaving Indian households in the dark — the impact of high heat on power equipment, as overloading compounds stress created by sweltering temperatures.

“Consumers need to be more diligent,” said Sarnath Ganguly, senior vice president at Noida Power Co. Ltd., which distributes power in Noida, an industrial city bordering New Delhi. Distribution companies should identify overloaded transformers and improve capacity well before the summer, he said.

“Both sides need to maintain such discipline to prevent outages,” Ganguly said.

More stories like this are available on bloomberg.com

Published on May 1, 2026