Indian Economy : News,Discussions & Updates
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India’s forex reserves rise $14.17 billion to $701.36 billion
India’s foreign exchange reserves climbed $14.17 billion to $701.36 billion, led by foreign currency and gold assets, RBI data shows.
losing? No. Our Guys are simply staying back as salaries are getting much better on avg. And combined with PP its not bad. ofc quality of life isnt even close but does that really matter when all these guys stay in gated communities with other rich guys anyway. Especially in bangalore where you can live quite well in gated communities and have a good social life on top of that.
Just days before EU leaders are due to visit India to finalise and sign a major trade agreement, External Affairs Minister S. Jaishankar publicly criticised the EU and the United States for applying selective political and economic pressure on India that is “not limited to tariffs.”
Speaking alongside Poland’s Foreign Minister Radosław Sikorski, he argued that India is being singled out while similar practices by other countries are tolerated. Since Western sanctions on Russia following the 2022 Ukraine invasion, India has faced sustained pressure to curb Russian oil imports. New Delhi maintains these imports are driven by energy security and market logic, not political alignment, and rejects what it sees as inconsistent and selective enforcement.
The U.S. has imposed a 50% tariff and continues to threaten India by suggesting it could increase the tariff to 500%. The EU continues to blacklist more and more tankers, justifying Ukrainian strikes on them even when they are far away from Ukrainian territorial waters in the Black Sea. Around a third of the vessels targeted in these operations regularly delivered cargo to Indian ports such as Vadinar, Sikka and Salaya.
India is responding by expanding strategic petroleum reserves and diversifying crude sources. Officials insist sanctions and coercive maritime measures should not be used to force geopolitical conformity, especially on the eve of a trade deal.
Speaking alongside Poland’s Foreign Minister Radosław Sikorski, he argued that India is being singled out while similar practices by other countries are tolerated. Since Western sanctions on Russia following the 2022 Ukraine invasion, India has faced sustained pressure to curb Russian oil imports. New Delhi maintains these imports are driven by energy security and market logic, not political alignment, and rejects what it sees as inconsistent and selective enforcement.
The U.S. has imposed a 50% tariff and continues to threaten India by suggesting it could increase the tariff to 500%. The EU continues to blacklist more and more tankers, justifying Ukrainian strikes on them even when they are far away from Ukrainian territorial waters in the Black Sea. Around a third of the vessels targeted in these operations regularly delivered cargo to Indian ports such as Vadinar, Sikka and Salaya.
India is responding by expanding strategic petroleum reserves and diversifying crude sources. Officials insist sanctions and coercive maritime measures should not be used to force geopolitical conformity, especially on the eve of a trade deal.
Last weekend, WorldSteel reported full 2025 steel production data across the world. India produced an all-time high of 165 million metric tonnes, up nearly 10% from the prior year.
For context, this is how Indian steel output looks like compared to some other entities in 2025:
India outproduced the combined North + South American continents. It also outproduced the combined US + Japanese output, and almost matched combined European output - EU27 + UK + Turkey etc.
Indian steel output in 2025 was second only to China. Not just in 2025 output, but in all history. India overtook the peak output of the USSR, achieved in 1988. Barring China, no other country has produced this much steel in a year.
China produces significantly more steel than anyone else, including India. But the absolute numbers alone do not tell a complete story.
How does the steel intensity of economic output compare between India and China? The following chart shows this.
Indian steel intensity has been progressively rising, as steel output growth has slightly exceeded real GDP growth. The Chinese figure is falling, and the two are converging.
It’s often stated that the intensity of Chinese industrialization vastly exceeds that of India’s. By many metrics that is indeed true, but steel intensity is a surprising outlier where Indian intensity is quite close and may even overtake China’s when new capacity additions come on stream in the next few years.
At the current rate of growth, steel output growth is on track to hit 200MT in the next 2-3 years, potentially 250MT within 5-6 years. It would coincide with a phase of heavy industrial and infrastructure development activity that will hopefully change perspectives around the extent of industrialization in India.
UPANISHAD ADVICE IN THE ECONOMIC SURVEY 
With the starting of Chima Manufacturing and aircraft manufacturing, India's GDP can steep upward moment. Two to 3 main sectors need to be focused. EV parts and Battery, electronic component, Aircrafts etc. We have some very nice things but we have not focused on export. For example, we have far batter 2 wheelers compared to China, yet their export of two wheelers is high as we had not been selling across the world where they are in high demand. Our nice 4 wheelers and passenger cars are not sold/exported as per their potential. We can do a lot more. Lots more potential still exist in mobile and electronics, food , herbal medicine etc. We need to tap this potential. It is happening but at slow pace which does not match its potential.