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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; EU trade deal expected by year-end Dubai limits foreign flights until May 31, letters show, hitting Indian airlines hardest India in talks with 20 more countries to open market access: Piyush Goyal ADB ups India's FY27 growth projections to 6.9% Iran control of Strait of Hormuz in focus as tanker turns back, Trump raises concerns India mulls creating 30-day LPG strategic reserve Fire at Mumbai airport terminal delays flights Lesson from West Asia conflict is to factor-in adverse scenarios while framing policies: Oil Secretary Maharashtra government expands agricultural oversight structure Surging Raw Material Costs Hit PVC and Packaging Industries Hard Unseasonal rain, hailstorms, may drag Indian wheat output by over 5% Milky Mist beats FY26 targets, IPO on track, says CEO Delegation to visit Washington as India, US look to revive trade deal talks Only 10% of Indian key reservoirs are filled over 80% IMF warns of deepening global food crisis as fertilizer prices surge Yara India to ramp up digital strategy to strengthen retailer connectivity War-induced risks cushioned by ample buffer for India: World Bank DGS issues direct pass-through of port concessions to exporters amid West Asia crisis Israel allows import of Indian okra seeds, wants virus-free declaration India now seen as ‘safe anchor’, offers stability, predictability and prospects: Shaktikanta Das CropLife asks farmers to tap zaid season window after rabi loss and below normal monsoon ahead Indian trade delegation to visit Washington this month Construction equipment sales fall 13 per cent in FY26 on project delays, weak execution: FADA El Niño threat puts brakes on FY27 auto growth as rural demand risks rise Indian govt hikes NBS fertilizer rates for kharif season by up to 21% to ₹41,533.81 crore
El Nino may emerge between May and July
By Gayathri G · 2026-04-21 · via Economy News, Latest Economic News Today | The HinduBusinessLine
Dried out. An El Nino event weakens India’s South West monsoon, often triggering drought-like conditions MUSTAFAH KK

Dried out. An El Nino event weakens India’s South West monsoon, often triggering drought-like conditions MUSTAFAH KK | Photo Credit: MUSTAFAH KK

All major climate models, including those used by Australia’s Bureau of Meteorology (BoM), project continued warming of the tropical Pacific, with El Nino possibly emerging between May and July.

While some models indicate an earlier onset, others suggest a more gradual transition, with uncertainty hinging on ocean-atmosphere coupling — a critical factor for sustaining a full-fledged El Nino.

Global climate signals are tilting towards a possible return of El Nino-Southern Oscillation (ENSO) warming later this year, even as near-term forecasts point to continued above-normal temperatures worldwide.

According to Australia’s Bureau of Meteorology, the ENSO system is currently in a neutral phase but is showing clear signs of warming. The latest Nino3.4 index, a key measure of Pacific Ocean temperatures, stood at -0.27°C for the week ending April 12, well within the neutral range.

However, the index has been steadily rising since the end of the southern hemisphere summer, supported by a recent pulse of sub-surface warming that is expected to lift sea surface temperatures further in the coming weeks.

Overall, climate models point to a warm global baseline with regionally varied rainfall patterns, while the growing likelihood of El Nino later in 2026 adds a layer of uncertainty to weather outcomes in the months ahead

Short-term atmospheric signals also reinforce the warming trend. The Madden-Julian Oscillation (MJO) is expected to bring westerly wind anomalies across the western Pacific in the coming fortnight, which typically enhances ocean warming.

Meanwhile, the 30-day Southern Oscillation Index has dropped sharply to -7.7, reflecting shifting pressure patterns across the Pacific, although longer-duration indices remain positive.

IOD neutral

Alongside ENSO, the Indian Ocean Dipole is currently neutral, with an index of +0.06°C. Most models suggest it will remain neutral through late autumn, though there is a growing possibility of a positive phase developing during winter and spring — a shift that can influence monsoon behaviour in the Indian subcontinent. Forecast uncertainty around the IOD remains elevated, with models showing a wide range of outcomes.

Against this evolving backdrop, the APEC Climate Center’s latest global seasonal outlook indicates that temperatures are likely to remain above average across most parts of the world in the coming months. The forecast, based on a multi-model ensemble approach, underscores a persistent warm bias in the global climate system.

On precipitation, the APCC outlook points to above-normal rainfall over India, the Maritime Continent, northern Australia and parts of the south-west Pacific, suggesting favourable moisture conditions for several regions. Warmer-than-average sea surface temperatures — forecast to be up to 2°C above normal around much of Australia and in the Tasman Sea — are expected to enhance atmospheric moisture and energise rainfall systems.

At the same time, some regions are projected to receive below-normal rainfall, highlighting the uneven distribution of global precipitation even under broadly warmer conditions.

For India, the combination of a neutral-to-warming ENSO phase and the possibility of a positive IOD later in the year could prove pivotal. While neutral ENSO conditions typically support stable monsoon patterns, a transition to El Nino — depending on its timing and strength — can alter rainfall distribution.

Published on April 21, 2026