Monday, September 21
India's goods trade deficit is projected to widen to USD 300 billion in FY26, up from USD 287 billion in FY25, as weak global demand weighs on exports while resilient domestic consumption is expected to fuel higher imports, as anticipated by ICICI Bank Global Markets in its latest report.The report attributes the sluggish growth in merchandise exports largely to tepid demand from non-US markets. While shipments to the US have held up due to the front-loading of trade, exports to other key geographies have failed to gain momentum.According to the trade data for June, India's goods deficit narrowed to a 4-month low of USD 18.8 billion from USD 21.9 billion in May This was driven by a lower non-oil non-gold deficit at USD 7.8 billion (USD 10.2 billion in May), while oil deficit remained stead
An Air India Express flight from Lucknow to Dubai was cancelled on Wednesday morning after the aircraft faced a technical problem at Lucknow airport, according to a source quoted by PTI.The flight, IX 193, was supposed to be operated using a Boeing 737 MAX plane and had over 155 passengers booked to travel.The airline has not yet issued an official statement, but PTI sources say the flight was cancelled as a precautionary measure due to the aircraft’s technical issue.Hotel stay and refund options for passengersTo manage the situation, passengers were given hotel accommodation and offered the choice of either a full refund or free rescheduling for a later date. Most travellers chose to stay at the hotel.The flight is expected to be rescheduled around the same time on Thursday, the source
