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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
Rubio, Modi discuss bilateral trade, energy security, Wes...
Amiti Sen · 2026-05-23 · via Economy News, Latest Economic News Today | The HinduBusinessLine

Prime Minister Narendra Modi and US Secretary of State Marco Rubio held wide ranging talks on strengthening cooperation in sectors such as trade, energy security and critical technologies and also discussed the West Asia situation in a meeting on Saturday, the government said.

Rubio, who is on a four-day visit to India amid the West Asia crisis that is shaking up the global economy, arrived in Kolkata on Saturday morning. He visited Mother Teresa’s Missionaries of Charity before flying to Delhi.

“Happy to receive the US Secretary of State Marco Rubio. We discussed sustained progress in the India-US Comprehensive Global Strategic Partnership and issues related to regional and global peace and security,” Modi posted on social media platform `X’.

Happy to receive the US Secretary of State, Mr. Marco Rubio.

We discussed sustained progress in the India-US Comprehensive Global Strategic Partnership and issues related to regional and global peace and security.

India and the United States will continue to work closely for… pic.twitter.com/CuD0DdDXB7

— Narendra Modi (@narendramodi) May 23, 2026

US Ambassador to India Sergio Gor joined Rubio in his meeting with Modi. “We had a productive discussion on ways to deepen US-India cooperation across security, trade and critical technologies - areas that strengthen both our nations and advance a free and open Indo-Pacific. India is a vital partner to the US,” Gor stated in his post on `X’.

Great to join @SecRubio for a meeting with Prime Minister @narendramodi. We had a productive discussion on ways to deepen U.S.-India cooperation across security, trade, and critical technologies - areas that strengthen both our nations and advance a free and open Indo-Pacific.… pic.twitter.com/0bO3d7jYTa

— Ambassador Sergio Gor (@USAmbIndia) May 23, 2026

The Secretary will attend the Quad Foreign Ministers’ meeting, hosted by External Affairs Minister S Jaishankar, on Monday. Foreign Ministers of Japan and Australia have also confirmed their attendance.

Jaishankar will hold bilateral talks with Rubio on Sunday with the focus expected to be on energy security, trade and defence cooperation, as indicated earlier by the US State Department.

Prior to his travel, Rubio had said that the US was prepared to increase energy exports to India. “Well, we want to sell them (India) as much energy as they’ll buy…we’re at historic levels of US production, and US export…We want them to be a bigger part of their portfolio,” he said addressing reporters.

In his talks with Jaishankar and other officials, Rubio is also likely to push for progress in the India-US bilateral trade agreement (BTA) talks that will give greater market access in India to US exporters of industrial and agricultural goods.

New Delhi is watching the tariff situation in the US at the moment as it is still evolving following US courts striking down certain additional tariffs, including reciprocal tariffs imposed by the Trump regime on imports.

The blockade of the Strait of Hormuz triggered by the US and Israel conflict with Iran, that has created immense pressure on economies such as India heavily dependent on the maritime route, is also expected to come up for discussion.

“Secretary Rubio briefed Prime Minister on the sustained progress in bilateral cooperation across a wide range of sectors, including defence, strategic technologies, trade and investment, energy security, connectivity, education and people-to-people ties,” per a statement issued by the PMO.

Rubio also shared US perspective on various regional and global issues, including the situation in West Asia, it said.

Prime Minister reaffirmed India’s consistent support for peace efforts and reiterated the call for peaceful resolution of the conflicts through dialogue and diplomacy.

The US Secretary of State will also visit Agra and Jaipur during his visit.

Published on May 23, 2026