India Economy Thread

[Beijingwalker]

If the Iran war continues, India is poised to overtake United States as the world’s largest exporter of refined petroleum products.
With oil supplies from the Gulf disrupted and global demand still strong, India’s massive refining capacity is the only option world has.
View attachment 218904View attachment 218904

China is the world leader in refining capacity, but as the world sole manufacturing powerhouse, China consumes way more petrol than other countries, when India reached a higher level of development, it would also consume more, China used to be a net oil exporter 30 years ago before it became the world biggest importer due to rapid development.

 

[indo17787]

 

[冖_冖]

India’s trade deficit with China crosses $100 billion in 2026

India’s 2026 trade deficit with China tops $100 billion despite a 40% exports surge, with rising imports and widening bilateral imbalances.

www.thehindu.com

India’s trade deficit with Chinacrosses $100 billion in 2026
October 14, 2026 12:01 pm IST

India’s exports to China grew 40% in the first three quarters to $20 billion, although thetrade deficit with China has continued to widen, already crossing $100 billion this year,according to data released Wednesday by China’s General Administration of Customs(GAC).

Two-way trade between January and September was up 25.4% to $144.45 billion, whileIndia’s imports from China continued to rise, up 23.3% to $125.19 billion. Indian exportsto China registered a robust 40.7% growth, albeit from a much smaller base, to $19.26billion after the first three quarters, already reaching last year’s total.

The trade deficit stood at $105.93 billion and is on track to surpass last year’s recordfigure. In 2025, the tradedeficit grew to $116.12 billion and is set to be surpassed yet again this year.

 

[Beijingwalker]

India’s massive refining capacity is the only option world has.

Only 5% of the global refining capacity is by no means the ONLY option world has

 

[Beijingwalker]

India’s trade deficit with China crosses $100 billion in 2026

India’s 2026 trade deficit with China tops $100 billion despite a 40% exports surge, with rising imports and widening bilateral imbalances.

www.thehindu.com

India’s trade deficit with Chinacrosses $100 billion in 2026
October 14, 2026 12:01 pm IST

India’s exports to China grew 40% in the first three quarters to $20 billion, although thetrade deficit with China has continued to widen, already crossing $100 billion this year,according to data released Wednesday by China’s General Administration of Customs(GAC).

Two-way trade between January and September was up 25.4% to $144.45 billion, whileIndia’s imports from China continued to rise, up 23.3% to $125.19 billion. Indian exportsto China registered a robust 40.7% growth, albeit from a much smaller base, to $19.26billion after the first three quarters, already reaching last year’s total.

The trade deficit stood at $105.93 billion and is on track to surpass last year’s recordfigure. In 2025, the tradedeficit grew to $116.12 billion and is set to be surpassed yet again this year.

India’s trade deficit with China reaches $105.93 billion in nine months​

October 14, 2026 03:44 pm IST

India’s exports to China rose 40.7% to $19.26 billion between January and September 2026. However, imports from China grew 23.3% to $125.19 billion, pushing India’s trade deficit to $105.93 billion in just nine months. The deficit is on track to surpass the record set in 2025, as concerns over trade imbalances and market access continue.

Watch: India’s trade deficit with China reaches $105.93 billion in nine months

India's nine-month trade deficit with China hits $105.93B as imports surge 23.3%, despite exports rising 40.7%.

www.thehindu.com

 

[c14-Isotope]

Fairfax buys 60% stake in IDBI Bank for $5.5B

Largest-ever FDI in India’s financial sector: Cabinet approves sale of IDBI Bank to Fairfax for ₹52,878 crore

Cabinet approves Fairfax’s ₹52,878-cr purchase of 60.72% IDBI Bank stake, the largest FDI in India’s financial sector to date.

www.thehindu.com

 

[indo17787]

Indian Railways Exports 18 Advanced LHB Coaches To Bangladesh Under European Investment Bank Contract as part of a contract for supplying 200 passenger coaches

RITES dispatches 18-coach rake to Bangladesh; first after Hasina's removal

RITES Limited recently dispatched the first rake of passenger coaches to Bangladesh Railway for a contract. This shipment is part of a larger agreement to supply 200 passenger coaches. The contract was awarded in May 2024, funded by the European Investment Bank, amounting to Rs 915 crore. The...

economictimes.indiatimes.com

 

[indo17787]

Production and processing take place utilizing its "Melt to Mission" (PTC ONE) capabilities spanning raw material melting, precision casting and machining.

 

[indo17787]

This is the 4th such long term industrial deal I've come across recently, after Bharat Forge's contract with Pratt & Whitney Canada. HAL has a long term deal with Safran for turbine forgings used in CFM LEAP aircraft engines too.

@Nimble

That's what gives companies the confidence to invest and expand production and build capabilities.