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Technology

Policy Economic Report July 2026 - v4

By sanjay singh

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Share link
https://covver.com/magazine/sanjaysingh1305/policy-economic-report-july-2026-v4-2
Published
Aug 7, 2026
Pages
80
Language
English

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  • CoverFIPI Federation of Indian Petroleum Industry
  • Page 2FIPI POLICY AND ECONOMIC OIL & GAS MARKET
  • Page 3FIPI POLICY AND ECONOMIC OIL & GAS MARKET
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  • Page 7FIPI POLICY AND ECONOMIC
  • Page 8FIPI POLICY AND ECONOMIC OIL & GAS MARKET and options. Speculators were increasingly betting on easing geopolitical risk premiums. At the same time, they sharply raised short positions to their highest level since December 2025, fuelling volatility and accelerating the decline in oil futures prices. Combined futures and options net long positions in ICE Brent and NYMEX WTI dropped to their lowest level since January 2026.
  • Page 9FIPI POLICY AND ECONOMIC OIL & GAS MARKET
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  • Page 15FIPI POLICY AND ECONOMIC OIL & GAS MARKET
  • Page 16FIPI POLICY AND ECONOMIC OIL & GAS MARKET growth path despite recent geopolitical disruptions. Emerging market economies generally outperformed advanced economies, with India recording the strongest expansion among all economies covered by the survey, followed by Ireland, China and Japan, reflecting the continued resilience of domestic demand in several Asian economies.
  • Page 17FIPI POLICY AND ECONOMIC OIL & GAS MARKET
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  • Page 21FIPI POLICY AND ECONOMIC OIL & GAS MARKET per cent in FY 2026-27, compared with 7.7 per cent in FY 2025-26, before improving modestly to 6.8 per cent in FY 2027-28. While the projected slowdown reflects a more challenging global environment, India's growth outlook continues to compare favourably with that of other major economies, supported by resilient domestic demand, sound macroeconomic fundamentals and continued policy support.
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  • POLICY AND ECONOMIC OIL & GAS MARKETFIPI Figure 14: HSBC India Manufacturing PMI sa, >50 growth since previous month
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  • Page 29FIPI POLICY AND ECONOMIC OIL & GAS MARKET
  • POLICY AND ECONOMIC OIL & GAS MARKETFIPI Figure 15: Total Trade during June 2026
  • Page 31FIPI POLICY AND ECONOMIC OIL & GAS MARKET
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  • Page 33FIPI POLICY AND ECONOMIC OIL & GAS MARKET
  • Page 34FIPI POLICY AND ECONOMIC OIL & GAS MARKET kilometres of previously restricted offshore areas have significantly expanded exploration opportunities. These reforms, complemented by investments in geoscientific surveys and the National Data Repository, are expected to improve exploration success rates and attract greater investment into frontier basins.
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  • POLICY AND ECONOMIC OIL & GAS MARKETFIPI Indian Basket Crude oil price
  • POLICY AND ECONOMIC OIL & GAS MARKETFIPI Table 4: Non-Doc liquids production in 2026, mb/d
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  • POLICY AND ECONOMICFIPI OIL & GAS MARKET
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  • Page 46FIPI POLICY AND ECONOMIC OIL & GAS MARKET
  • Page 47FIPI POLICY AND ECONOMIC OIL & GAS MARKET was further revised for the period 1st April, 2025 30th September, 2025 was notified as US$10.04/MMBTU on Gross Calorific Value (GCV) basis. Prices were further revised for the period 1st October, 2025 - 31st March, 2026 was notified as US$9.72/MMBTU on Gross Calorific Value (GCV) basis as per notification dated 30th September 2025. As per notification dated 31st March 2026, gas prices were further revised for the period 1st April 2026-30th September 2026 and was notified as US$ 8.90/MMBTU on Gross Calorific Value (GCV) basis.
  • POLICY AND ECONOMICFIPI OIL & GAS MARKET
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  • POLICY AND ECONOMIC OIL & GAS MARKETFIPI Solar street lighting and provision of lighting in Rs. 1 lakh per MPC MPCs of PVTG areas (under PM JANMAN
  • Page 70FIPI POLICY AND ECONOMIC OIL & GAS MARKET
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  • Page 72FIPI POLICY AND ECONOMIC OIL & GAS MARKET
  • Page 73FIPI POLICY AND ECONOMIC OIL & GAS MARKET success of efforts to ramp up assured domestic supply and reduce reliance on the blending mandate.
  • Page 74FIPI POLICY AND ECONOMIC
  • Page 75FIPI POLICY AND ECONOMIC OIL & GAS MARKET bring together governments, industry, investors, technology leaders, researchers, startups and academia to strengthen partnerships, promote innovation and shape the future of sustainable and technology-driven mining. Highlighting the transformative reforms undertaken over the past decade under the leadership of Prime Minister Shri Narendra Modi, he noted that transparent auctions, commercial coal mining, accelerated exploration, ease of doing business and technology-led governance have positioned India among the world's most attractive mining destinations. Referring to emerging global challenges related to energy security, critical minerals and resilient supply chains, he said India is pursuing an integrated approach that combines policy reforms, technological advancement, value addition, sustainability and international collaboration to build a future-ready mining ecosystem. The Minister expressed confidence that the event would strengthen global partnerships, showcase India's mineral potential and technological capabilities, and contribute to realizing the vision of Aatmanirbhar and Viksit Bharat. He urged all technology innovators, researchers, industries and other stakeholders to be part of the India Mining Week 2026.
  • Page 76FIPI POLICY AND ECONOMIC OIL & GAS MARKET policy reforms and accelerated exploration. Announcing the forthcoming launch of the 8th round of Critical and Strategic Mineral Blocks auctions, he said the initiative will further strengthen domestic availability of critical minerals, encourage greater private sector participation, attract investment and reinforce India's resilient mineral value chains. He noted that India Mining Week 2026 will serve as a global platform to showcase India's mining reforms, resource potential and emerging opportunities while fostering international collaboration, innovation and investment in the sector.
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POLICY AND ECONOMICExternal Trade Developments

FIPI

POLICY AND ECONOMIC

OIL & GAS MARKET while India's Reserve Position in the International Monetary Fund (IMF) decreased by US$ 0.06 billion to US$ 5.14 billion.

The resilience of India's foreign exchange reserves assumes greater significance in the current global environment, characterised by volatile capital flows, elevated crude oil prices, persistent geopolitical tensions and uncertainty surrounding global monetary policy. A strong reserve position provides the Reserve Bank of India with greater flexibility to manage episodes of exchange rate volatility, maintain orderly conditions in the foreign exchange market and cushion the economy against sudden external shocks. It also enhances India's external creditworthiness by strengthening the country's ability to meet external debt obligations and finance imports even during periods of heightened global uncertainty.

External Trade Developments

India's external trade sector continued to demonstrate resilience during June 2026, despite persistent geopolitical tensions, elevated crude oil prices and continued uncertainty in the global trading environment.

Total exports (merchandise and services combined) were estimated at US$ 73.45 billion, registering a growth of 9.48 per cent compared with US$ 67.09 billion in June 2025. Total imports increased to US$ 88.76 billion, reflecting a year-on-year growth of 26.85 per cent, primarily driven by higher merchandise imports, particularly petroleum products and industrial raw materials. During the first quarter of FY 2026- 27 (April-June), cumulative exports increased by 11.37 per cent to US$ 232.73 billion, while imports grew by 17.55 per cent to US$ 270.15 billion, indicating continued resilience in India's external sector despite a widening trade deficit.

Merchandise exports during June 2026 increased to US$ 40.41 billion from US$ 34.98 billion in June 2025, registering a robust growth of 15.51 per cent. Non-petroleum exports also remained resilient, increasing by 16.48 per cent to US$ 35.54 billion, while cumulative non-petroleum exports during April-June 2026- 27 rose by 12.36 per cent to US$ 106.30 billion. Exports excluding petroleum and gems & jewellery increased by 15.33 per cent to US$ 33.13 billion, highlighting the broad-based nature of India's export growth and the continued strength of manufacturing and value-added sectors.

The growth in merchandise exports was led by gems & jewellery, engineering goods, organic & inorganic chemicals, electronic goods and rice. Gems & jewellery exports recorded the highest increase among the major export categories, rising by 34.64 per cent from US$ 1.79 billion in June 2025 to US$ 2.41 billion in June 2026. Engineering goods exports increased by 20.74 per cent to US$ 11.32 billion, reaffirming the competitiveness of India's manufacturing sector. Exports of organic & inorganic chemicals increased by 19.42 per cent, while electronic goods recorded a growth of 18.93 per cent, reflecting continued expansion in domestic electronics manufacturing. Rice exports also increased by 16.48 per cent, while positive growth was observed in iron ore, meat, dairy & poultry products, marine products, drugs & pharmaceuticals, and petroleum products.

July 2026