🏦 Economy / Policy
• At the CII Summit, Shaktikanta Das urged Indian industry to move from incrementalism to transformation through stronger balance sheets, supply-chain diversification, workforce reskilling and higher R&D 💹
• INR slipped to fresh all-time lows amid elevated geopolitical and crude oil pressures 💱📉
• Government clarified there is no plan to raise import duties on gold and silver, easing concerns for bullion markets 🪙📊
• Economists expect India’s FY27 current account deficit to widen due to prolonged West Asia-related energy headwinds 🛢️⚠️
• PM Modi reiterated the need to reduce import dependence and assured that India’s oil stocks remain stable amid global uncertainty 📈
🏢 Companies / Sectors
• Oil marketing companies may face losses of around ₹1 lakh crore as the fuel price freeze continues despite elevated crude prices 🛢️📉
• Companies are increasingly favouring hybrid work models after PM Modi encouraged WFH measures to manage disruptions from the West Asia crisis 💻🏠
• SIP inflows moderated in April as volatile equity markets impacted investor sentiment 📊
• Sunil Mittal called for faster renewable energy adoption and higher domestic spending to strengthen India’s energy resilience ⚡📈
• PM Modi’s call to avoid non-essential gold purchases may temporarily impact retail demand, though long-term gold consumption trends remain intact 💍📉
🌍 Global / World
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