Topic
fy27
Trade India's Export Outlook Challenging for FY27, but Worst Is Over: Elara Securities
Elara Securities reported that India's export outlook for FY27 remains challenging but the worst is over, as May trade data showed a 16% YoY rise in overall exports to nearly $82 billion. The report highlighted a divergence in export performance to the US versus other countries, and noted that softer crude oil prices and potential freight cost moderation could help normalize the import bill. However, concerns persist over the widening electronics trade deficit.
Business Fertiliser Ministry Seeks 100% Increase in FY27 Subsidy Amid West Asia Crisis
The Indian fertiliser ministry has approached the finance ministry seeking a 100% increase in the fertiliser subsidy budget for FY27, from Rs 1.71 lakh crore, as global prices rise due to the West Asia conflict. Domestic production is increasing, but imports remain significant, with urea imports exceeding 100 lakh tonnes last fiscal. The government assures adequate stocks for the kharif season, with over 51% of requirement already available.
Business Embassy Developments Targets ₹8,000 Crore Pre-Sales in FY27 Amid West Asia Supply Chain Pressures
Embassy Developments Ltd aims for ₹8,000 crore in pre-sales for FY27, a 73% jump from the previous year. Managing Director Aditya Virwani cited robust end-user demand but flagged West Asia-linked supply constraints for tiles and other materials, which are squeezing industry profit margins. The company will launch ₹19,500 crore worth of homes across Bengaluru, MMR, and Delhi-NCR to meet the target.
Business OECD Forecasts India's Growth Amid Global Economic Challenges
The OECD forecasts India to achieve a growth rate of 6.3% in FY27 and 6.4% in FY28, despite global economic challenges. Fiscal and monetary policies are expected to adapt to inflationary pressures and energy price shocks.