CHINA GOVERNMENT SUBSIDIES
Delhi govt drafts semiconductor policy, aimed at investment and employment: CM Rekha Gupta
Delhi is developing a new semiconductor policy to boost youth skilling and attract global investment. This initiative aims to establish the capital as a major hub for semiconductor design, research, and related industries. The policy will offer financial and non-financial incentives to encourage business growth and innovation.
Decontrol oil prices and replace cross-subsidies with targeted DBTs for needy households
During recent global crude price volatility linked to West Asia tensions, retail fuel prices in India remained largely unchanged, unlike in other countries or even private retailers, raising questions about the credibility of “market-linked” pricing.
IMF cuts global growth outlook for 2026, warns of potential recession if Iran war worsens
The International Monetary Fund has cut its global growth outlook, warning the economy could near recession if the Middle East conflict keeps oil above $100. It now sees 3.1% growth in 2026, but this could drop to 2.5% or even 2.0% in a severe scenario, alongside rising inflation, with emerging markets hit hardest while India remains a relative bright spot.
Amid West Asia crisis: Santa Marta meet aims to drive fossil fuel shift
The Santa Marta conference has been described as a meeting of the "coalition of doers", comprising countries and stakeholders committed to shifting away from fossil fuels. It will bring together members of existing alliances such as the Fossil Fuel Non-Proliferation Treaty, the Beyond Oil and Gas Alliance, and the Powering Past Coal Alliance.
South Africa unveils draft AI policy, proposes new institutions and incentives
The AI policy, published by the Department of Communications and Digital Technologies, aims to position South Africa as a continental leader in AI innovation while addressing ethical, social and economic challenges.
America’s demographic stagnation to make it poorer?
America faces a future of slower economic growth due to demographic stagnation. A declining birth rate and reduced immigration are shrinking the potential labour force. This trend will complicate the Federal Reserve's monetary policy decisions. A smaller workforce means less overall economic output. Immigrants currently provide a significant fiscal contribution.
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Iran War: Fertiliser, agri-input stress emerges; Kharif outlook hinges on policy, farmer choices
India relies heavily on fertiliser imports routed through the Strait of Hormuz, which is currently facing disruptions.
India is looking at preferential access to US market, says Piyush Goyal
Goyal met US trade representative Jamieson Greer on the sidelines of the World Trade Organisation's 14th ministerial conference (MC14) in Cameroon last week and discussed the next steps in the India-US bilateral trade agreement (BTA) negotiations.
India’s semiconductor dream: The stars may finally be aligning
To succeed in semiconductors, India needs to cultivate a distinct semiconductor identity—one that combines world-class design talent with packaging scale, specialty manufacturing, advanced integration, and disciplined industrial clusters.
Away from Middle East war zone, many battles unfold on the table
The WTO ministerial in Cameroon ended in deadlock, failing to extend the e-commerce moratorium and highlighting deep divisions between major powers and emerging economies. Disagreements over digital taxation, intellectual property, and rule-making reveal a fractured global economic order, with Brazil and India pushing back against US and China-backed initiatives.
Opposition alleges petrol prices stable only till Assembly polls get over
Opposition members in Rajya Sabha questioned the government's excise duty cuts on petrol and diesel, linking them to upcoming assembly elections. They sought assurances that prices would not rise post-polling. The government's budget was defended by a BJP member, highlighting economic growth and welfare measures. Discussions also covered farmer issues and wealth inequality.
The war in Iran sparks a global fertilizer shortage and threatens food prices
Farmers worldwide face rising costs and dwindling fertilizer supplies due to the Iran war. This shortage threatens crop yields and could lead to higher food prices for everyone. Developing nations are particularly vulnerable as planting season begins. India is subsidizing fertilizers, but long-term solutions are needed to ensure food security.
India initiates probe against imports of subsidised Chinese, Indonesian paperboards
India has launched an investigation into paperboard imports from China and Indonesia. The probe follows allegations that subsidies provided by these countries are harming Indian manufacturers. The Directorate General of Trade Remedies will determine if these imports are causing injury.
India gathers data to counter US claims of excess capacity
India is compiling detailed industry data following a US Section 301 probe into alleged excess capacity in sectors like petrochemicals and steel. The commerce ministry is gathering information on production, employment, and policy support to address US concerns about practices potentially burdening American commerce.
Nations race to secure enough fertilizer and prevent food crisis
Surging fertilizer prices, particularly for urea and phosphate, are impacting major agricultural economies, with top exporters curbing sales and importing nations seeking alternative supplies.
China's Xiaomi posts first quarterly profit fall in three years
Xiaomi's quarterly profit saw its first drop in three years. This happened as the company faced higher costs and tougher competition. However, Xiaomi's electric vehicle business performed well. It surpassed its delivery goals for the year. The company also reported its EV segment achieved its first annual operating profit. Xiaomi plans significant investment in artificial intelligence.
Indian economy at risk if Gulf conflict continues: Moody's Analytics
A prolonged Gulf conflict could significantly impact India's economy, with Moody's Analytics predicting a nearly 4% GDP slowdown, making it one of the most vulnerable in the Asia-Pacific. Rising oil prices and geopolitical tensions are fueling inflation and supply chain concerns, echoing past shocks.
As Iran war disrupts the Gulf, India's growth story faces new risks
India's economy faces new challenges. Strong growth is threatened by rising energy prices and disrupted trade. The Middle East conflict impacts oil and gas supplies crucial for India. Remittances from Indian workers abroad are also at risk. This situation could lead to slower growth, higher inflation, and a weaker currency for India.
Tesla in talks with Chinese firms to buy $2.9 billion worth of solar equipment, sources say
Musk said in January that solar power could meet all of the electricity needs of the United States - including the ever-increasing demand from a growing number of data centres. Job postings on the Tesla website said it aims to deploy 100 GW of "solar manufacturing from raw materials on American soil before the end of 2028".
As OpenClaw enthusiasm grips China, schoolkids and retirees alike raise 'lobsters'
In the past month, OpenClaw, which can connect several hardware and software tools and learn from the data produced with much less human intervention than a chatbot, has captured the imaginations of many in China, from retirees looking for side income to AI firms hoping to generate new revenue streams.
Delhi EV policy explained: Up to Rs 1 Lakh incentive, 100% exemption on road tax till 2030 to boost clean mobility
Delhi Electric Vehicle policy explained: The Delhi government is set to introduce a new policy aimed at accelerating electric vehicle adoption by offering financial incentives for scrapping old vehicles. Under the scheme, individuals who scrap BS-IV or older Delhi-registered vehicles can avail the benefits of up to ₹1 lakh when purchasing new EVs, along with exemptions on road tax and registration fees until 2030.
Uni’s valuation cut; Howard Morgan on AI, venture investing, more
Happy Thursday! Fintech startup Uni is staring at a steep valuation cut as it looks to raise fresh capital amid regulatory headwinds. This and more in today’s ETtech Morning Dispatch.
Iran war energy shock prompts global rethink on fossil fuel dependence
The Iran war has disrupted global oil and gas supplies, forcing nations to reassess energy security. Countries are exploring nuclear power, renewables, and diversified import sources. Asia faces significant impact due to its reliance on Middle Eastern oil. Europe is boosting nuclear energy and considering carbon market changes. The US focuses on global price stability.
Apple's China smartphone sales jump 23% to start 2026, bucking industry trend
China's overall smartphone market fell 4% year-on-year in the January-to-early-March period, with government subsidies introduced at the start of the year doing little to revive sluggish consumer demand, data on Thursday from research firm Counterpoint showed.
Trump's tariffs were supposed to help manufacturers, but instead they’re hurting them
American manufacturing faces challenges due to President Trump's tariffs. Businesses report increased costs and reduced workforces. While the administration cites potential future benefits, current evidence suggests a negative impact. Tariff uncertainty deters investment, and global trade imbalances persist. This situation affects smaller companies significantly.
What are Asian countries doing to offset the oil-price rise
Global oil prices surge and markets fall amid fears of inflation and slowed growth. Asian countries, heavily reliant on Gulf oil, are taking action. Japan releases oil reserves, South Korea boosts coal and nuclear power, and China bans fuel exports. India seeks safe passage for its ships.
Global Market | China’s economy shows early strength despite global war risks
China's economy began the year with a steady performance, as factory output accelerated to 6% and consumer spending rebounded to 3% in January-February. This growth, exceeding expectations, offers relief amid structural challenges, though domestic consumption remains fragile, impacting global markets.
Trump vows to bring back tariffs ‘in another form’ after Supreme Court blow
US President Donald Trump will proceed with tariffs in a new form. This follows a Supreme Court ruling impacting his trade policy. Trump stated the court's decision favors foreign nations. He asserted his right to implement tariffs differently. His administration will continue trade measures to protect American industries. These actions aim to counter unfair economic practices by rival countries.
Govt extends localisation deadline for EV bus, truck motors under PM E-Drive scheme
Electric truck and bus manufacturers have been granted a six-month grace period for localization mandates under the PM e-drive initiative. This allows them to import traction motors equipped with rare earth magnets until September 1. This strategic decision is designed to alleviate supply chain challenges and bolster the electric vehicle sector in India.
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