India's Energy Demand to Surge 44% Oil, 80% Electricity by 2035, Accounting for 50% Global Oil Growth

India Becomes Key Petrol Supplier to Russia as Drone Attacks Cut Refinery Output by 70%

India has emerged as a key supplier of petrol to Russia, supplying 1 million barrels in two months, as Ukrainian drone attacks have slashed Russian refinery output by up to 70%. This ironic reversal of energy flows highlights the geopolitical complexities of the Russia-Ukraine war and has direct implications for India's energy security, crude import strategy, and compliance with sanctions regimes.

Global Refinery Attacks Spike Sulphur Prices Above $1,000/Tonne; Threatens India's Phosphatic Fertiliser Supply

The energy crisis has shifted from crude oil supply to refined products. Attacks on refineries in Russia and West Asia have caused sulphur prices to skyrocket from $200 to $1,000/tonne, severely affecting India's ability to manufacture phosphatic fertilizers. This distinct crisis poses a long-term threat to India's food security and fertiliser imports even as the country enjoys surplus refining capacity.

OECD Upgrades India's GDP Growth to 7.1% for FY 2026-27; Multiple Agencies Raise Outlook

The OECD has raised India's GDP growth forecast for FY 2026-27 to 7.1% from 6.3%, joining S&P, Fitch, and Moody's in upgrading India's outlook. All agencies cite domestic resilience and robust demand despite global headwinds from the West Asia crisis. Students should note the convergence of global forecasts and the projected slowdown in the second half of the fiscal year.

US Diesel Export Ban Proposal: Global Supply Crisis & Impact on India's Net Exporter Status

A US proposal to restrict diesel exports, supported by President Trump, threatens to remove the single largest source (20%) of globally traded diesel from the market. For India, a net diesel exporter, this could mean higher export margins for refineries like RIL, though higher export taxes and domestic demand will limit gains.

India's Merchandise Exports Surge 19.6% to $44.2 Billion in July 2026, Trade Deficit Widens to $15 Billion

India's goods exports grew nearly 20% in July 2026, driven by recovery in West Asia trade and diversification to new markets like China, Japan, and Singapore. However, the combined trade deficit widened to $15 billion as services imports outpaced services exports, signaling a mixed trade performance for exam focus.

World Bank ED Neelkanth Mishra: India Needs 10% Growth for Full Employment, AI Can Disrupt Education

Neelkanth Mishra, India's Executive Director at the World Bank, argues that India cannot create enough jobs for all at current growth rates, requiring 10% real growth for full employment. He highlights rising inequality as a natural outcome of labour surplus and capital shortage, and advocates democratising access to capital. He also discusses India's energy vulnerability, rupee stability, and the transformative potential of AI in education.

Strait of Hormuz Crisis: Oil Flows Drop 77% to 4.9 mb/d, Brent at $90, Risk of $100+

The disruption of the Strait of Hormuz – a critical chokepoint for 21 million barrels/day – is causing global oil supply risks. India, as a major importer, faces higher delivered costs and inflationary pressures. This is crucial for understanding India's energy security, import dependence, and macroeconomic vulnerabilities.

India's 8% GDP Growth Amid West Asia Shock; Structural Reforms Key for Sustained Growth

India's GDP growth is expected at 8% despite the West Asia conflict, driven by fiscal-monetary stimulus and export growth. However, fixed investment remains stagnant at 32% of GDP, and corporate capex is low. The article stresses urgent structural reforms to boost consumption, exports, and private investment for long-term growth. Essential for understanding current economic challenges and policy priorities.