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Economy News, Latest Economic News Today | The HinduBusinessLine

India’s March crude oil imports lowest in 5 years as West Asia conflict chokes key transit route CAFE III: Car prices to rise up to ₹1.25 lakh; ₹1.48 lakh cr industry impact India summons Iran’s Ambassador over shooting incident on Indian vessel in Strait of Hormuz Retrospective jurisdiction fix triggers fresh tax disputes India, US to resume trade talks in Washington from April 20: Here’s what has changed Bharat Maritime Insurance Pool: Underwriting capacity to be created will be inadequate: Industry experts IARI Director conferred Swaminathan Award India to grow 6.8%-7.1% in FY27, defies oil shock pressures: SBI Report Global oil shocks may hit US growth, India's impact likely limited: SBI Research China suspends import licences of 3 Indian rice export firms India’s wheat procurement plummets 40% due to delayed start in Madhya Pradesh Coal Ministry launches 15th round of commercial auctions West Asia Conflict: Oil Ministry points at softening LPG demand as summers kick-in Telangana plans to set up EV charging stations in PPP mode across State FIR against seed company on farmers’ complaint in Madhya Pradesh FSSAI asks States to crack down on fruit ripening agents Industries urge GST Council to allow inverted duty refunds on input services Falling prices leave Kashmir apple growers, traders distressed India gets invite to join UK-France initiative to secure Strait of Hormuz transit IMD Alert: Kerala to witness pre-monsoon rain peak from Wednesday Avio Smart Market Stack inks pact with UAL Biotech to explore rural ecosystem development Overseas buying lifts orthodox tea prices at Kochi auctions West Asia conflict hits India’s seafood exports to Gulf nations India's first maritime-focused lender eyes $1 billion FY27 fundraise Maize prices crash below MSP in Telangana; farmers want State Govt to procure produce India’s share of global GDP projected to hit 7% by 2050: McKinsey India’s craft beer market heads for $1 billion, with honey ales, tea brews leading the charge Govt forms high-level inter-ministerial body to steer AI governance strategy Singapore Airlines CEO meets Tata Sons Chairman Chandrasekaran Storage in India’s major reservoirs down to 42.5% of capacity Oil disruption is hitting aviation. How will travellers be impacted? US expands crackdown on Iran-linked ships, warns of global seizures and force Women’s Reservation Act 2023 comes into force, implementation tied to census and delimitation CAFE-3: Industry, government agree to final draft India’s sugar production in 2025-26 season may be around 28 million tonnes, experts say West Asia conflict hits inbound tourism by 15-20%, says report Basmati exporters urge govt to suspend ₹83/tonne levy amid delayed payment, shrinking margin Pulses import value down 35% in FY26 at $3.57 billion on lower volumes, prices Southern Railway adds 28 new trains, improves punctuality in FY26 Akasa Air, SpiceJet planes collide at Delhi airport, DGCA launches probe Delhi HC reserves verdict on SpiceJet review plea in ₹144 crore Maran dispute ‘Foreign investments in India should be 100 times more’ Hyderabad Metro Rail takeover: Telangana govt likely to extend April 30 deadline India could limit sulphur exports as supplies tighten, sources say Green energy players in a fix over ‘retrospective’ component in mechanism to maintain grid discipline China resumes buying broken rice from India West Asia conflict hits aviation, tourism, inbound travel dips 15-20%, industry faces ₹18,000 cr loss: PHDCCI India's trade gap may widen in FY27 amid global and oil risks: Report India-Austria Business Summit will create concrete opportunities for joint projects: Austrian Chancellor Stocker Hot, dry conditions may prevail over most of North-West, Central India for another week Global GDP to grow by $56 trillion over next five years, says WEF report EV purchases may be deferred in near term but see sharp uptick in sales after EV policy implementation: Axis Direct Economic normalisation could take longer: CEA Anantha Nageswaran IMD issues intense heatwave warning for several parts of Maharashtra Time to focus on ‘desi’ fleet creation Kerala fisheries sector hit by fuel shortage & rising kerosene prices Indian envoy to US meets US Trade Representative amid talks on finalising trade deal Middle-income economies to drive global growth as new challenges emerge: WEF ITC makes history with India’s first FSA 3.0 certification for wheat, paddy NSRCEL, Pernod Ricard India Foundation conclude 3rd cohort of Circular Economy Incubation Programme Northern Railway to operate regular Delhi-Kashmir parcel train service from April 17 GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe US Ambassador meets Oil Minister Puri over expanding energy purchases Indian negotiators to resume talks on US trade deal from April 20 Air India-SIA top brass meet amid leadership flux, massive losses India’s sugar output up 8% at 27.39 mt as of April 15 NAAS suggests govt to consider one-time licensing for imported horticulture hybrids India’s exports in FY26 grow 4% to $860 billion; trade deficit widens by $25 billion Wholesale inflation rises to 3-month high of 3.9% in March Polavaram project: Construction of ECRF dam to be be completed by March 2028 Climate-hit Kashmir saffron farmers battle rising porcupine menace Govt enhances C3, C4 allocation for pharma, packaging chemical sectors to 1,000 tonnes/day Telangana launches project Sanjeevani for integrated trauma care on highways India exports up 4.22% in FY26, imports rise 6.47%, trade deficit widens Delhi airport traffic stalls in CY 25, drops off busiest airport list India’s unemployment rate rises to 5.1% in March India targets cocoa self-sufficiency by 2040 with national mission and reforms Glydways targets $1 billion valuation with $250 million funding push Datamatics powers Mumbai Metro Lines 2B & 9 with AFC, mobile ticketing Avi Polymers launches KrishiBuddy AI platform to transform smart farming in India Indian official team to visit Washington next week for trade talks India gets imported Urea offer at $935, $959 per tonne Indian agriculture sector under threat by below-Normal Monsoon, El Nino, and West Asia war: ICRA Jeh Aerospace inks pact with Liebherr-Aerospace to supply high-precision components Lok Sabha expansion to 850 seats: ‘delimitation-first’ model triggers federal concerns Wholesale inflation climbs to 3.88% in March, highest in over 3 years Indian LPG vessel Jag Vikram reaches Kandla Port after crossing Strait of Hormuz Hindustan Zinc’s DAICHI launches products on retail and quick commerce platforms Oppressive heat conditions to spread out over Central and East India from today Global fertilizer supply crunch tightens farm economics India's green fuel plans collide with farmers' water fears India may go slow on trade deal till US mid-term polls 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 NAAS calls for developing smart alternate fertilisers to achieve self sufficiency Modi, Trump discuss Strait of Hormuz security amid West Asia tensions IMF ups India’s growth forecast to 6.5% for FY27 Telangana govt ready for dialogue with TGSRTC staff: Minister UP govt raises minimum wages rates by up to 21% from April 1 after violent protests by workers
Monsoon stalls along coast, rain deficit deepens over West India
By Vinson Kurian · 2026-06-10 · via Economy News, Latest Economic News Today | The HinduBusinessLine
Outlook for Thursday said heaviest of rainfall might be recorded around Mangaluru in Coastal Karnataka and less so over adjoining Kerala coast while Mumbai missed the date with monsoon on Wednesday.

Outlook for Thursday said heaviest of rainfall might be recorded around Mangaluru in Coastal Karnataka and less so over adjoining Kerala coast while Mumbai missed the date with monsoon on Wednesday.

The belt of heavy to very heavy rainfall has shifted away from India’s west coast, concentrating instead over Tamil Nadu, Puducherry and Karaikal, while extending to the hills of West Bengal and Sikkim in the far east. 

The northern limit of the monsoon remained stalled for a third consecutive day on Wednesday.

The India Meteorological Department (IMD) said heavy rainfall during the 24 hours ending Wednesday morning was largely confined to a few locations in the Andaman and Nicobar Islands and Lakshadweep to either side of the peninsula, and at isolated places over Konkan and Goa, Telangana, and Kerala and Mahe.

Mangaluru in focus

According to the European Centre for Medium-Range Weather Forecasts (ECMWF), Mangaluru in coastal Karnataka could receive the heaviest rainfall on Thursday, with accumulations exceeding 17 cm.

Neighbouring districts of north Kerala such as Kasaragod, Kannur, Kozhikode and Malappuram are also expected to witness intense rainfall, while less heavy showers may extend southward along the coast up to Alappuzha.

The subdued rainfall over west India has widened seasonal deficits. During the first nine days of June, rainfall was more than 60 per cent below normal in Saurashtra and Kutch, Konkan and Goa, and Madhya Maharashtra. Current forecasts offer little indication of an early return of widespread heavy rain capable of significantly reducing these shortfalls.

Rain for Konkan-Goa

Isolated heavy rainfall is, however, likely over Konkan and Goa on Thursday as a western disturbance moves into adjoining north-west India.

Over next six days, isolated to scattered showers are expected across east Gujarat, Konkan and Goa, Madhya Maharashtra and Marathwada, while Saurashtra and Kutch may see similar activity for three days from Sunday.

Thunderstorms, lightning and gusty winds are forecast over Konkan and Goa on Thursday, and over Madhya Maharashtra and Marathwada through Friday.

Moisture envelope seen

Looking ahead, the Climate Prediction Center of the US National Weather Service indicates that the prevailing dry air mass over peninsular and west India, including Gujarat and the Konkan-Mumbai region, could be replaced by an envelope of moisture emerging from neighbouring seas from around June 19. Such a development may create favourable conditions for the monsoon to advance across these regions. 

Published on June 10, 2026