March 31, 2026

economic

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‘Not enough’: PM economic advisor Sanjeev Sanyal warns of foreign ship reliance risks, backs India-owned merchant fleet for trade

contact@dailyupdatesindia.com03 mins

Sanjeev Sanyal (File photo) India’s heavy dependence on foreign-flagged vessels, which carry more than 90 per cent of the country’s trade by volume, poses a serious strategic vulnerability risk, according to Sanjeev Sanyal, Member of the Economic Advisory Council to the Prime Minister.Speaking to ANI, Sanyal argued that India’s limited merchant fleet constrains the nation’s…

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Lower tariffs, revenue setback & more: What SC ruling means for Trump’s economic agenda

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Economists anticipate the decision will also dent federal revenues. (AI image) The Supreme Court has dealt a blow to US President Donald Trump’s favourite economic agenda – tariffs, to the extent that the US President has called the ruling a ‘disgrace’. Trump’s reciprocal tariffs have been called illegal by the apex court, The Supreme Court…

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Economic growth spreads beyond metros; northern, eastern districts gain momentum: Report

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India’s economic expansion is increasingly extending beyond its largest metropolitan centres, with several districts in northern and eastern states emerging as new hubs of activity, even as established metros continue to dominate overall rankings, according to a new report.The findings are based on the City Vitality Index (CVI), Q1 2026, released by Dun & Bradstreet,…

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Short-term loan dependence puts Pakistan’s economic stability at risk

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Representative image (AI) The economy of Pakistan is in a risky state due to its over-reliance on short-term foreign loans, according to business leaders and economists. Key figures are calling for urgent negotiations with friendly nations to extend loan repayment periods and implement structural reforms, as reported by Express Tribune.Vice chairman of the Pakistan industrial…

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More US, Venezuelan crude to flow into India? Refiners asked to prioritize these oil grades; economic viability in doubt

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India on its part has said that the country’s energy security will drive purchase decisions. (AI image) Days after India and the US announced a trade deal, the government has reportedly urged refiners to consider picking up more crude oil from the US and even Venezuela. US President Donald Trump has removed the 25% tariffs…

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Asian stocks today: Markets inch higher ahead of US economic and job data; Nikkei up 2%, HSI adds 97 points

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Asian share markets traded in green on Wednesday, as investors balanced about weak US consumer data and about concerns about American economy. Hong Kong’s HSI added 97 points or 0.36% to reach 27,280 at 9:30 am IST. Kospi also inched higher, up 46 points to 5,348. Japan’s Nikkei also extended its rally, adding 2.28% 1,286…

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India, US signal intent to counter China’s economic dominance

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NEW DELHI: Among the key terms of the India-US joint statement is both sides’ agreeing to strengthen economic security alignment to enhance supply chain resilience and innovation through complementary actions, addressing “non-market policies of third parties, as well as cooperation on inbound and outbound investment reviews and export controls”. The tacit “non-market” reference to China…

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Union Budget 2026: Nirmala Sitharaman announces three-Kartavya framework to accelerate economic growth

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NEW DELHI: The Union Budget 2026 introduced a structured three-Kartavya framework to accelerate economic growth, fulfill citizen aspirations, and ensure universal access to resources. “This three-part approach aims to strengthen inclusivity and resilience, benefiting farmers, youth, women, disadvantaged groups, and every region through sustained reform momentum,” said Union finance minister Nirmala SitharamanHere are the key…

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