DDIndia Business: Economic Headlines & Updates

Business

June 12, 2026 4:55 PM

India’s retail inflation rises to 3.93% in May: Government data

Retail inflation based on the Consumer Price Index (CPI) rose to 3.93 per cent in May 2026, up from 3.48 per cent in April, according to provisional data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday. The ...

June 12, 2026 1:16 PM

OPEC again lowers 2026 global oil demand growth forecast

OPEC on Thursday lowered its forecast for world oil demand growth in 2026 to 970,000 barrels per day, the producer group said in its monthly report, marking the second straight downward revision. The group continues to see a smaller impact on con...

June 12, 2026 10:25 AM

Sensex, Nifty gain over 1 per cent on lower crude prices and global optimism

Indian equity markets rose in morning session on Friday, following positive global market cues amid a fall in oil prices and reports that US President Donald Trump had cancelled plans to strike Iran, citing progress in talks. Sensex surged as much a...

June 12, 2026 10:25 AM

World Bank cuts global growth forecast to 2.5%; India remains fastest-growing major economy

India remained the world's fastest-growing large economy, the World Bank said on Thursday, projecting GDP growth of 6.6% in 2026 following a 7% expansion in 2025. Growth rates in India were expected to remain fairly high for the next two dec...

June 12, 2026 9:38 AM

Musk’s SpaceX prices record $75 billion IPO at $135 a share

SpaceX on Thursday priced the biggest-ever U.S. initial public offering at $135 per share, making Elon Musk’s rocket and spacecraft manufacturer one of the world’s most valuable companies. The IPO raised a record $75 billion on the sale of 555.5...

June 12, 2026 9:30 AM

Global stocks extend rally on Gulf breakthrough hopes, oil near two-month lows

Asian stocks joined a global rally on Friday on hopes a Middle East peace deal may finally materialise, while the dollar and bond yields dropped and oil prices fell to two-month lows, tempering inflation fears. All eyes are on the hotly-awaited mark...

June 11, 2026 7:59 PM

India’s textile industry poised to achieve $350 billion target by 2030: Giriraj Singh

India’s textile industry has expanded to nearly $190 billion in 2025-26 and is poised to achieve the target of $350 billion by 2030, Textiles Minister Giriraj Singh said on Thursday. The domestic textile market has grown from about Rs 6 lakh crore...

June 11, 2026 7:54 PM

Piyush Goyal to visit Switzerland to push trade and economic pact

Union Minister of Commerce and Industry Piyush Goyal is set to visit Switzerland’s capital Berne from June 12-13 for discussions with senior representatives of the Swiss Government and leaders of the Alpine country’s pharmaceutical industry, acco...

June 11, 2026 7:23 PM

India’s Horticulture Sector Set for Growth as Production Tops 3,777 Lakh Tonne

India's horticulture production is projected to reach 3,777.76 lakh tonne in 2025-26, marking an increase of 70.39 lakh tonne, or 1.9 per cent, over the previous year, according to the Second Advance Estimates released by the Department of Agricultur...

June 11, 2026 6:54 PM

India’s Space Sector Poised for Rapid Growth with Industry Support: Jitendra Singh

Union Minister of State (Independent Charge) for Science and Technology and Earth Sciences, Dr. Jitendra Singh, on Thursday called upon industry leaders to significantly scale up investments in India's space sector, saying stronger participation from...