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Moody's Ratings has indicated that recent tax cuts in India have negatively impacted revenue growth, limiting the government's ability to provide fiscal support for the economy. Martin Petch, Vice President and Senior Credit Officer at Moody's, noted that net tax revenue fell to over Rs 12.29 lakh crore by the end of September, down from Rs 12.65 lakh crore the previous year, with only 43.3% of budgeted tax collections achieved. The government's fiscal measures, including an increased income tax rebate and reduced GST rates on 375 items, aim to stimulate consumption. Despite these challenges, Petch anticipates sustained but easing economic growth, projecting a 7% growth rate for 2025 and 6.5% for the following year, bolstered by domestic consumption and infrastructure spending. However, he cautioned that high tariffs imposed by the U.S. could deter further investments. 
Published: Nov 25 2025, 4 pmeznews.inIndia's Chief Economic Advisor, V. Anantha Nageswaran, announced on Tuesday that the Indian economy is projected to surpass $4 trillion in the current fiscal year, up from approximately $3.9 trillion at the end of March 2025. Speaking at the IVCA Green Returns Summit 2025, he emphasized the importance of economic growth amid shifting global geopolitics, which is crucial for maintaining India's global standing. Nageswaran highlighted the need for aligning economic strategies with environmental priorities, particularly in areas such as energy transition and climate change. He acknowledged the potential impacts of global warming on agriculture and coastal regions, reaffirming India's commitment to achieving net-zero emissions by 2070. As the fifth largest economy in the world, India's trajectory underscores its growing influence in the global economic landscape.
Published: Nov 25 2025, 5 pmeznews.inLithium prices are projected to rise due to supply constraints in China and strong demand from the electric vehicle (EV) sector, according to analysts. Fitch Solutions' BMI has revised its 2025 price forecasts, estimating $10,100 per tonne for lithium carbonate and $9,700 for lithium hydroxide. The Australian Office of the Chief Economist noted a price increase for spodumene concentrate, which rose from over $600 in June to around $820 by late September. Prices for lithium hydroxide also surged nearly 20% during this period. Recent data shows lithium carbonate futures in China reached a 14-month high of over 87,000 yuan ($12,248) per tonne, reflecting a 22.5% increase since January. Despite expectations of a supply resurgence, demand for lithium, particularly for EV batteries, is anticipated to remain robust, with projections indicating a 25% rise in demand this year compared to 2024. However, the market may not fully absorb the oversupply until the early 2030s.
Published: Nov 25 2025, 5 pmeznews.inMaharashtra is poised to increase its banana acreage significantly in the 2025 marketing year, bolstered by lucrative prices and rising commercial demand, according to a Crisil–APEDA report. The state is expected to solidify its status as India's leading banana producer, contributing nearly 25% to the nation's 14.2 million-tonne output. In a notable shift, bananas have surpassed mangoes in gross value, reaching ₹47,000 crore in 2023-24. Farmers are rapidly expanding banana cultivation, with Solapur emerging as a key area alongside Jalgaon, Nanded, and Jamner. The Maharashtra government is responding to industry needs by establishing a Banana Board and enhancing cold storage and processing facilities. With strong export potential, particularly to the Middle East and the newly accessible UK market, India is well-positioned to capitalize on its competitive pricing, offering bananas at 40% lower than Iraq's average import price.
Published: Nov 25 2025, 5 pmeznews.inMilma has unveiled five new products ahead of National Milk Day on November 26, including Samridhi Ghee, Milma Plus flavoured milk, Ghee Halwa, Kanthari Buttermilk, and Banana Burfi. The launch, led by Milma Chairman K S Mani, aims to enhance the brand's international presence and competitiveness against multinational companies through premium packaging and quality assurance. The Samridhi Ghee is available in 500 ml and 1,000 ml glass bottles, while the flavoured milk comes in various tastes and boasts a nine-month shelf life. Milma reported a historic 14% increase in milk procurement this year, despite a decline in cattle numbers, and has returned 92.5% of its profits to dairy farmers. With a turnover of ₹4,327 crore, Milma is expanding its distribution to Australia and New Zealand, reinforcing its motto, "wherever there’s a Malayali, there is Milma."
Published: Nov 25 2025, 4 pmeznews.inGujarat is solidifying its status as India's second-largest marine fish producer, with an average output of 856,000 metric tonnes over the past four years, thanks to its extensive 2,340 km coastline. The state's fisheries sector has seen remarkable growth, with fish exports skyrocketing from ₹625 crore in 2001 to over ₹6,000 crore in 2023-24. The Dholai Port in Navsari has emerged as a key hub, facilitating hundreds of boats daily and providing stability and increased opportunities for local fishermen and traders. The Gujarat government has announced a ₹1,622 crore fisheries package aimed at enhancing shrimp production and modernizing marine infrastructure. This initiative not only supports traditional fishing communities but also fosters a technologically advanced marine economy, creating new avenues for income across the coastal region. The rise in fish export quantity from 132,000 metric tonnes in 2001-02 to nearly 337,000 metric tonnes underscores the sector's significant impact on the local economy.
Published: Nov 25 2025, 4 pmeznews.inIndia's imports of Russian oil are projected to decline to their lowest levels in three years this December, following a peak in November, as refiners seek alternatives to comply with tightening Western sanctions. The US, UK, and EU have intensified sanctions against Moscow due to the ongoing war in Ukraine, with the latest US measures specifically targeting major Russian producers Rosneft and Lukoil. Indian state refiners are reportedly exercising caution, anticipating imports of 600,000 to 650,000 barrels per day in December, down from 1.87 million bpd in November. Most Indian refiners, including Hindustan Petroleum and Mangalore Refinery, have ceased purchasing Russian oil, while Reliance Industries continues to process pre-committed cargoes. The shift comes amid increased scrutiny from banks and pressure on India to source more US energy, especially after Washington raised tariffs on Indian imports in response to its Russian oil purchases.
Published: Nov 25 2025, 2 pmeznews.inIndia's real GDP surged by 7.8% in the April to June quarter of FY26, marking the fastest growth in five quarters, according to recent data. India Ratings and Research (Ind-Ra) has revised its GDP growth forecast for the fiscal year to 7%, up from 6.3%, citing robust growth in the June quarter and a lesser-than-expected impact from US tariff hikes. The Reserve Bank of India (RBI) projects a 6.8% growth for the year, an improvement from 6.5% last year. Ind-Ra highlighted that while risks remain balanced, factors such as a potential Indo-US trade deal and favorable winter weather could further boost growth. However, a weaker-than-expected demand revival could hinder progress. Additionally, Indian exports to the US have seen a decline, emphasizing the need for new markets and trade agreements to support the economy. Official Q2 GDP estimates will be released on November 28.
Published: Nov 25 2025, 2 pmeznews.inIndia, the world's second-largest crude steel producer, is contemplating the extension of an import tariff on certain steel products to combat cheaper imports, particularly from China. In August, the Directorate General of Trade Remedies recommended a three-year tariff of 11%-12% on select steel items. A source familiar with the situation indicated that the tariff is currently under review, although the Ministry of Finance has not yet commented. This follows a temporary 12% tariff imposed in April, which expired earlier this month. Notably, India's finished steel imports fell by 34.1% year-on-year in the first seven months of the financial year, with South Korea emerging as the largest exporter to India, followed by China, Japan, and Russia. Meanwhile, China's steel production is projected to dip below 1 billion tons this year, as the government seeks to address overcapacity in the sector.
Published: Nov 25 2025, 2 pmeznews.inA-1 Ltd, a chemical trading and logistics firm, has secured a significant order worth ₹127 crore for the supply of 25,000 tonnes of industrial urea (automobile grade) from Sai Baba Polymer Technologies. The total order value, including GST, amounts to ₹150 crore, with deliveries scheduled according to client requirements. This contract is expected to enhance A-1 Ltd's operating revenue and reflects the increasing demand for its industrial urea products. Chairman and Managing Director Harshadkumar Patel emphasized that the order strengthens the company's order book visibility and aligns with its strategy to expand within the automotive chemicals sector while maintaining a diverse customer base. The transaction is routine and does not involve any related party interests. Following the announcement, A-1 Ltd's shares rose by 5% to ₹2,433. The company has built a strong reputation over five decades in the industrial-acid trading and logistics sector.
Published: Nov 25 2025, 1 pm
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