Gyanendra Keshri

Crude oil: Crisil says a sustained rise in energy prices could slow India's growth, squeeze producer margins and hurt manufacturing, construction and agriculture, with higher fuel and fertiliser costs posing risks despite the US-Iran truce.

The decision was taken during a meeting of Modi with his British counterpart Keir Starmer at the G7 Leaders' Summit in France.

Crude oil price dropped by over 1% on Thursday to their lowest since the first trading day of the Iran war.

Below normal monsoon as predicted by the Indian Meteorological Department (IMD) and likely El Niño conditions have amplified the risks jump in food prices even though near-term outlook remains favourable on account of a good rabi crop and adequate stocks, Reserve Bank of India (RBI) Governor Sanjay Malhotra has said.

The key infra sector, as measured by the Index of Eight Core Industries (ICI), had posted 1.8% growth in April. In May 2025, it stood at 1.2%.

In a social media post, US Ambassador to India Sergio Gor said Greer and Goyal are scheduled to hold multiple sessions to advance the US-India trade deal.

India’s diversified sourcing strategy mitigated major disruptions in imports of LNG in April and May, despite a 17% dip in global supply, rating agency S&P Global said on Tuesday.

The survey, conducted among 1,096 business leaders across eight industries, including MSMEs, underlined the need for focused reforms in the country's indirect tax system.

An official statement said Goyal and Greer conducted a comprehensive review of core BTA elements.

The rating agency has also lowered its projections on other major economies in the Asia-Pacific region.