OECD Pegs India’s Growth at 6.3% in FY27, 6.4% in FY28
The OECD projects India as the fastest-growing major economy, forecasting 6.3% growth in FY27 and 6.4% in FY28. Growth is backed by strong domestic demand, 15.9% year-on-year credit expansion and RBI rate cuts from 6.5% to 5.25% since early 2025. West Asia conflict remains a key risk, potentially widening the fiscal deficit by 0.4% points due to energy price support measures. business-standard
💬 Expert Take — “India holding 6%+ growth amid global headwinds is a structural story, not a cyclical one — domestic demand and policy support are doing the heavy lifting.”
India’s Tyre Exports Hit Record $3.09 Billion in FY26
India’s tyre exports touched a record ₹27,312 crore ($3.09 billion) in FY26, up 9% year-on-year despite global supply chain disruptions. The US remained the top market at 15% share, followed by Germany, Italy, Brazil and France. The industry has invested ₹30,000 crore in capacity expansion over the last four to five years. ibef
India Considers Spending Curbs to Protect Fiscal Deficit Target
The government is weighing expenditure restraints to safeguard its fiscal deficit target amid rising crude-linked pressures. The move signals the Centre’s intent to stay on the consolidation path even as global headwinds intensify.
India Money Market Volumes Jump to Record on Bank Lending Boom
India’s money market volumes have surged to a record high as bank lending activity accelerates. The jump reflects improving credit demand across corporate and retail segments, underpinning the broader economic momentum flagged in the OECD outlook.
USTR Proposes 125% Additional Duties on India Over Forced Labour Violations
The US Trade Representative has proposed 125% additional duties on India and 53 other countries over alleged forced labour import violations. The development adds fresh trade friction to an already complex India-US tariff negotiation environment.
WPI to Be Replaced by Producer Price Index from June 15
The government will replace WPI with the Producer Price Index starting June 15, bringing India’s inflation measurement framework in line with global standards. The new PPI series will better capture price movements at the producer level and improve policy decision-making inputs.
LPG Consumption Falls 19% in May; Petrol & Diesel Rise
LPG consumption declined 19% in May even as petrol and diesel demand increased, signalling a shift in household and transport energy patterns. The drop raises questions about demand elasticity and affordability for lower-income households.
Market Update
📈 Sensex: 74,360.01 ▲ 13.84 pts (+0.02%)
📈 Nifty 50: 23,416.55 ▲ 10.95 pts (+0.05%)
🪙 Gold (per gram): 24K ₹15,611 ▼ ₹11 | 22K ₹14,310 ▼ ₹10 | 18K ₹11,708 ▼ ₹9
🥈 Silver (per kg): ₹2,80,000