🏦 Economy / Policy
• India’s services PMI stood at 58.1 in February, though new order growth slowed to a 13-month low, signalling strong but moderating demand 📊
• India’s crude reserves of about 100 million barrels could cover 40–45 days of demand if Hormuz flows are disrupted amid West Asia tensions 🛢️
• The West Asia oil shock has pushed up currency hedging costs for Indian importers as volatility rises in global markets 💱⚠️
🏢 Companies / Sectors
• MRPL has declared force majeure on gasoline export cargoes due to disruptions linked to the Gulf crisis 🛢️
• Conflict in West Asia is affecting India’s gems and jewellery trade, with Surat exporters flagging shipment and demand concerns 💎📉
• India’s solar panel exporters may need greater market diversification after new US levies impact shipments 🌞📊
🌍 Global / World
• Broadcom expects AI chip sales to exceed $100 billion by 2027, driven by strong demand for custom AI processors 🤖📈