Topic
fiscal-year-2026
Business Pakistan to Revise Fuel Prices Daily; Current Account Records $139 Million Deficit in FY26
Pakistan will revise petroleum prices daily instead of weekly to respond to volatile global oil prices driven by US-Iran tensions. The government also reported a current account deficit of $139 million for FY2025-26, reversing the previous year's surplus of $1.838 billion. The All Pakistan Petrol Pump Owners' Association has rejected the deregulation policy and warned of protests.
Trade India Exports Hit Record $863 Billion in FY26 Despite US Tariffs and West Asia Crisis
India's total exports reached an all-time high of $863 billion in the 2025-26 fiscal year, nearly doubling from about $441 billion a decade ago, despite disruptions from US tariffs and the West Asia conflict, according to a senior Commerce Ministry official. Engineering goods, petroleum products, electronics, pharmaceuticals, gems and jewellery, and chemicals were key drivers, with Gujarat contributing nearly $110 billion. The government continues to promote special economic zones (SEZs) including a new Tata Semiconductor unit in Dholera.
Business India's GDP Growth at 7.7% in FY26 Amid Global Tensions
India's GDP growth reached 7.7% in FY26, surpassing expectations despite global tensions. Key drivers included strong consumer spending and investment activity. However, the US-Iran conflict poses potential risks for future growth.
Business India's GDP Growth Hits 7.7% in FY26, Modi Credits Reforms
India's GDP growth reached 7.7% in FY26, reflecting economic resilience and successful reforms. Prime Minister Narendra Modi attributes this growth to the hard work of 140 crore Indians and ongoing economic reforms.