Economy news

• India seeks French investment in manufacturing; Piyush Goyal pitches scale and talent

  14-06-2026 19:57 via timesofindia.indiatimes.com
  
  Commerce and Industry Minister Piyush Goyal urged French companies to invest in India's manufacturing sector, highlighting the nation as a reliable partner offering scale, talent, and innovation. Speaking at the 'Bharat Innovates' event, Goyal emphasized India's potential as both a large domestic market and a global export hub, driven by a vibrant startup ecosystem.
  
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• India restricts deployment of seafarers to conflict zones, Shipping authority issues fresh advisory

  14-06-2026 18:46 via timesofindia.indiatimes.com
  
  Following a fatal US military strike off the Oman coast that killed three Indian seafarers, India's Directorate General of Shipping has advised recruitment agencies to halt seafarer deployments to conflict zones. Vessels in the Gulf region are urged to maintain heightened security vigilance amid escalating risks, with crew changes permitted only in emergencies with crew consent.
  
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• Fertiliser push: Two new urea plants to start production soon; govt says import dependence set to ease

  14-06-2026 17:36 via timesofindia.indiatimes.com
  
  India is set to boost domestic urea production by 25.4 lakh tonnes with two new plants commencing operations soon. This move aims to reduce import reliance and shield farmers from global price volatility. The government has also absorbed rising international prices, keeping retail fertilizer costs unchanged for farmers.
  
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• Gold sliver rate outlook: Fed, Bank of Japan decisions in focus; US-Iran deal and crude oil to guide bullion prices

  14-06-2026 16:22 via timesofindia.indiatimes.com
  
  Gold prices are expected to trade within a narrow range as investors await central bank policy decisions and developments in US-Iran negotiations. Domestic gold futures saw a significant decline of over 3% during the week, influenced by easing energy market concerns and geopolitical uncertainties.
  
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• Rupee moves driven by global and domestic factors, FM Sitharaman says RBI steps in only to curb volatility

  14-06-2026 15:04 via timesofindia.indiatimes.com
  
  Finance Minister Nirmala Sitharaman stated that the rupee's fluctuations are driven by global and domestic factors, with the RBI intervening only to curb excessive volatility, not to fix a specific rate. She also highlighted India's position as the fastest-growing major economy and addressed the Karnataka funding row, emphasizing the Finance Commission's role in fund allocation.
  
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• India does not use methodology changes to inflate growth numbers, CEA Nageswaran defends GDP data

  14-06-2026 14:25 via timesofindia.indiatimes.com
  
  Chief Economic Adviser V Anantha Nageswaran defended India's GDP statistics, stating the country does not artificially inflate growth figures through methodological changes. He emphasized that India follows internationally accepted practices and that revisions, like the recent rebasing, demonstrate transparency rather than manipulation. Nageswaran suggested criticism often stems from unmet expectations rather than data quality concerns.
  
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• Amazon doubles down on India growth plans, sees current phase as its most aggressive expansion yet

  14-06-2026 13:54 via timesofindia.indiatimes.com
  
  Amazon is significantly increasing its investment in India, committing $35 billion by 2030 to expand its e-commerce, quick commerce, AI, and export operations. The company is entering its most aggressive expansion phase yet, aiming for long-term leadership in the rapidly growing Indian digital market. This push includes expanding Amazon Now to 100 cities with 1,000 micro-fulfillment centers.
  
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• PM Modi, Macron inaugurate 'Bharat Innovates'; pitch deeper India-France partnership

  14-06-2026 12:32 via timesofindia.indiatimes.com
  
  Prime Minister Modi and French President Macron inaugurated Bharat Innovates 2026 in Nice, fostering India-France tech and innovation cooperation. The event connects Indian startups and institutions with global investors. Leaders emphasized shared vision and India's growing role as a global innovation leader, highlighting achievements like Chandrayaan-3.
  
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• Dalal Street outlook: Inflation, Fed verdict and crude oil in focus; US-Iran deal hopes to steer market sentiment

  14-06-2026 12:26 via timesofindia.indiatimes.com
  
  Indian stock markets are poised for a volatile week, with US inflation data, the Federal Reserve's interest rate decision, and crude oil price movements as key influencers. Investors are keenly watching the US-Iran deal's progress, which could impact global oil prices and market sentiment. Foreign investor outflows also remain a significant concern.
  
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• Market rally adds Rs 1.9 lakh crore to top 10 firms' value; ICICI Bank emerges biggest gainer

  14-06-2026 12:01 via timesofindia.indiatimes.com
  
  Indian equities surged last week, with the top 10 most-valued companies collectively gaining Rs 1.90 lakh crore. ICICI Bank led the rally, adding over Rs 56,000 crore to its market cap. This upturn, driven by global sentiment and RBI measures, saw most major firms post gains, with Reliance Industries retaining its top spot.
  
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