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India and the US are making rapid progress towards resolving the remaining issues in their proposed interim trade arrangement, with both countries expected to implement the first phase of the agreement by the middle of next month, Goyal said.
RBI Governor Sanjay Malhotra cautioned that a potential south-west monsoon deficit could dampen rural demand and private consumption. While government initiatives aim to mitigate this, rising energy prices and supply disruptions also pose growth risks. The central bank consequently lowered its FY27 GDP growth forecast to 6.6%.
Prestige Group’s reimagined blueprint for urban living in NCRIndia's forex reserves rise $938 million to $682.32 billion‘Preferential access over competitors’: Piyush Goyal says first phase of India-US trade deal likely by next monthIndia’s GDP grows at robust 7.8% in Q4 FY26; 7.7% full year growth beats estimatesAfter growth forecast cut, RBI warns monsoon deficiency could weigh on consumption
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