supply chain disruptions

Kolkata, April 10 The Iran-US conflict has created significant cost pressures and logistical disruptions for India's foundry and castings sector. Pig iron prices have surged by over 13% in three months, and freight rates to key markets have increased by up to 60%, according to stakeholders.The...

Washington, April 9 – A global oil shock linked to the Middle East conflict is set to hit growth and fuel inflation across energy-importing economies, the International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned on Thursday.In her opening speech ahead of the IMF's Annual...

Mumbai, April 8 The gross non-performing assets (NPAs) ratio of Indian scheduled commercial banks declined further to 2 per cent in December 2025, the Reserve Bank said on Wednesday.Gross NPAs – which represents the proportion of loans unpaid for over 90 days – for the banking system stood at...

Mumbai, April 8 The Reserve Bank on Wednesday projected India's GDP growth for the current financial year at 6.9 per cent, lower than the 7.6 per cent estimated for 2025-26, amid elevated commodity prices and supply chain disruptions originating from the West Asia crisis.Unveiling the first...

Mumbai, April 8 – The Reserve Bank of India maintained its key policy rate unchanged on Wednesday, adopting a cautious approach while assessing the impact of the six-week Iran conflict on energy supplies, inflation, and economic growth.The central bank's Monetary Policy Committee voted...

Mumbai, April 8 The Reserve Bank projected retail inflation for the current fiscal year at 4.6 per cent, well within the government-mandated inflation target range of 4 per cent with a tolerance band of +/- 2 per cent.Before the outbreak of the West Asia conflict, India's macroeconomic...

Mumbai, April 8 The Reserve Bank projected India's GDP growth for the current financial year at 6.9 per cent, lower than the 7.6 per cent estimated for 2025-26, driven by concerns over elevated commodity prices and supply chain disruptions originating from the West Asia crisis.Unveiling the...

Jaipur, April 4 The ongoing conflict in West Asia has begun to impact exporters in the Bikaner region. Shipments of popular food items, such as bhujia, papad, and spices to Gulf and European countries are facing severe disruptions, traders said.Bikaner, known for its namkeen industry, exports...

New Delhi, April 3 Top government officials, including the Secretary of the Department for Promotion of Industry and Internal Trade, the Power Secretary, and the Director General of Foreign Trade (DGFT), held a meeting on Friday to discuss ways to increase domestic production of induction...

Kolkata, April 2 Rising crude prices, amid the West Asia crisis, are driving up the costs of flex banners and other election campaign materials in West Bengal, a state heading to elections, according to industry sources.Printers and representatives of the plastics industry said that packaging...

New Delhi, April 2 The government on Thursday exempted the import of critical petrochemical products from customs duty for three months, until June 30, to ensure supply stability and provide relief to consumers of finished products amid the crisis in West Asia.Sectors that rely on...

Washington, March 31 – US Trade Representative Jamieson Greer said on Tuesday that the US is largely insulated from supply chain disruptions stemming from tensions in the Strait of Hormuz, but these disruptions are impacting key Asian economies."Right now, I think the key thing to understand...

New Delhi, March 31 The government has cancelled the auction of 11 critical and strategic mineral blocks which were put up for sale in the sixth round due to poor investor response and a lack of qualified bidders.This development comes as a setback to the government's efforts to increase...

Bhavnagar, March 29 Civil Aviation Minister K Ram Mohan Naidu said on Sunday that India's aviation sector is facing a bottleneck in the procurement of new aircraft, citing that while 1,700 new planes have been ordered, supply chain disruptions mean deliveries may take up to 15 years.Naidu, who...

Seoul, March 29 – South Korean Prime Minister Kim Min-seok vowed on Sunday to take preemptive measures against potential shortages of essential goods, as the Middle East crisis has disrupted global energy markets and driven up energy prices."We are at a critical economic juncture," Kim said...

New Delhi, March 28 – Chief Economic Advisor V. Anantha Nageswaran said on Saturday that, given the considerable impact of the West Asia conflict on India’s economy, the country should leverage the fallout to redouble its recent reform efforts to enhance India’s competitiveness and preparedness...

New Delhi, March 28 The near-term outlook remains uncertain, with external shocks, particularly the West Asia crisis, posing downside risks to growth through elevated input costs and potential supply disruptions, the Finance Ministry said in a report on Saturday.However, the report said...

March 27, New Delhi: Continuing its efforts to keep the media informed about the evolving situation in West Asia, the Government of India held its regular interaction at the National Media Centre. Representatives from the Ministries of Petroleum and Natural Gas, Ports, Shipping and Waterways...

New Delhi, March 26 The Organisation for Economic Cooperation and Development (OECD) projected India's GDP to grow at 7.6 per cent in the current fiscal and 6.1 per cent in 2026-27.In its interim Economic Outlook report, the OECD said that the evolving conflict in the Middle East has "human...

New Delhi, March 26 – As the Gulf conflict continues, disruptions in global fertilizer markets have once again highlighted the weaknesses in Pakistan's agricultural input security, according to local media reports.While domestic production has shielded Pakistan from the worst effects of the...