Topic
domestic demand
Business EY Forecasts India GDP Growth of 6.6-6.8% in FY27 on Resilient Domestic Demand, Lower Energy Prices
EY's Economy Watch expects India's real GDP to grow 6.6-6.8% in FY27, driven by resilient domestic demand, lower global energy prices, and normalisation of Strait of Hormuz shipments. CPI inflation is projected at 4.5% and the current account deficit at 1.5% of GDP.
Business China's Industrial Profit Growth Slows for First Time in 6 Months as Weak Domestic Demand Bites
China's industrial profit growth slowed for the first time in six months in May, rising 21.1% year-on-year versus 24.7% in April, as weak domestic demand outweighed gains from exports and higher factory-gate prices. For January-May 2026, profits rose 18.8%, missing Bloomberg Economics' 19% forecast, and totalled 3.14 trillion yuan ($462 billion), below the same period in 2022. The data signals growing earnings pressure for manufacturers, with implications for corporate strategy and investment decisions.
Trade India's Fuel Exports Hit Lowest Since 2022 Amid Maintenance
India's fuel exports have decreased to their lowest levels since October 2022, driven by refinery maintenance and increased domestic demand. Reliance Industries' Jamnagar complex played a significant role in this decline.
Business India's Manufacturing PMI Hits 3-Month High Amid Strong Demand
India's manufacturing sector expanded at its fastest pace in three months in May, with the PMI rising to 55.0. The growth was driven by robust domestic demand and infrastructure projects, despite ongoing geopolitical tensions in the Middle East.