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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; 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Global belt of rain, storms crosses Equator with Asian monsoon not far behind
2026-05-07 · via Economy News, Latest Economic News Today | The HinduBusinessLine
India Met Department has forecast pre-monsoon rain and thunderstorms to rule weather over South Peninsula for next seven days.

India Met Department has forecast pre-monsoon rain and thunderstorms to rule weather over South Peninsula for next seven days. | Photo Credit: www.meteologix.com/in

The dry season is tightening its grip over northern Australia, setting the stage for the vast machinery of the Asian monsoon to begin its annual migration northward. The Southern Hemisphere tropics having steadily shut down, the atmospheric focus is shifting decisively toward India and South Asia, where the first signs of the south-west monsoon are already gathering strength over the equatorial Indian Ocean.

Removal of hurdle

The Australian Bureau of Meteorology on Thursday formally declared the 2025–26 northern Australian wet season over, a seasonal turning point watched closely by meteorologists across the Indo-Pacific. The retreat of monsoonal activity from Australia often clears the way for the rapid organisation of weather systems in the Northern Hemisphere, removing one of the last large-scale hurdles to the timely onset of the monsoon over India along Kerala coast around June 1.

Transition visible

The transition is already visible in the movement of the Inter Tropical Convergence Zone (ITCZ), the near-continuous belt of low pressure that circles the globe and steers the world’s monsoon systems in rhythm with the Sun. The ITCZ has now crossed into the Northern Hemisphere, stretching north of Malé in the Maldives and toward the south of Sri Lanka and the Andaman and Nicobar Islands in India. These regions are regarded as the monsoon’s early staging posts before its advance toward the Kerala coast weeks later.

Annual oscillation

From May through September, as northern Australia settles into its long dry season, the Indian monsoon dominates tropical weather narrative. By late September, the cycle reverses once again, with the monsoon trough retreating toward Australia and the Southern Hemisphere tropics. The annual oscillation completes the great seasonal reversal of the monsoon system across both sides of the Equator, as atmospheric heat, moisture and wind regimes migrate between the Northern and Southern Hemispheres in step with the Sun.

Isolated heavy rain

India Meteorological Department (IMD) announced this (Thursday) morning that isolated heavy rainfall is likely over Tamil Nadu, Puducherry and Karaikal and Kerala and Mahe during next seven days and over South Interior Karnataka on today and tomorrow (Thursday and Friday). Pre-monsoon thunderstorms are gathering momentum into early May, with usual onset of the monsoon over Andaman and Nicobar Islands only a fortnight or so away.

Emerging patterns

Isolated to scattered thunderstorms, lightning and gusty winds (30-50 km/hr) are likely over Tamil Nadu, Puducherry and Karaikal; Kerala and Mahe; Rayalaseema; Karnataka, Coastal Andhra Pradesh and Yanam during next five days; Telangana today; Lakshadweep on Saturday ad Sunday.  

Weather across North-West and East India may swing between bursts of severe convective activity and intense heat, with thunderstorms, lightning and isolated hailstorms interrupting periods of sharply rising temperatures. The unstable pattern reflects seasonal transition underway, as pre-monsoon heating builds across the plains of North-West even while moisture-bearing winds begin feeding thundercloud development in the interior. 

Published on May 7, 2026