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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
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  • 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.
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  • 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.
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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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  • POLICY AND ECONOMIC OIL & GAS MARKETFIPI Figure 15: Total Trade during June 2026
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  • 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 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
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  • Page 73FIPI POLICY AND ECONOMIC OIL & GAS MARKET success of efforts to ramp up assured domestic supply and reduce reliance on the blending mandate.
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  • 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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FIPI

POLICY AND ECONOMIC OIL & GAS MARKET

Executive Summary

July 2026 was characterized by a delicate balance between resilience and uncertainty in the global economy. Geopolitical tensions, evolving trade policies and volatility in energy markets continued to pose significant risks to growth, while rapid technological advancement, particularly in artificial intelligence, semiconductors and digital infrastructure, emerged as an important driver of economic activity. Although global inflation moderated from the exceptionally high levels witnessed in recent years, renewed increases in energy prices and supply chain disruptions slowed the pace of disinflation, compelling policymakers to maintain a cautious approach. Against this backdrop, India remained well positioned, supported by resilient domestic demand, stable macroeconomic fundamentals, expanding manufacturing activity and a robust external sector.

Global economic activity remained resilient despite heightened geopolitical uncertainty and continued trade fragmentation. The International Monetary Fund (IMF) projects global growth at 3.0 per cent in 2026, improving to 3.4 per cent in 2027, with emerging market and developing economies expected to continue outperforming advanced economies. While business activity strengthened across major advanced economies, supported by improving services demand and technology-led investment, elevated input costs, supply chain disruptions and uncertainty surrounding global trade policies continued to weigh on the economic outlook. Inflationary pressures persisted across several economies due to higher energy and transportation costs, even as monetary tightening and easing commodity prices helped contain broader price pressures.

Several structural developments are reshaping the global economy. Artificial intelligence is increasingly emerging as a catalyst for productivity growth, investment and economic transformation, while also creating new challenges related to cybersecurity and financial stability. The changing geopolitical landscape continues to influence global trade and investment patterns, encouraging diversification of supply chains and greater regional economic integration. In addition, the issue examines the implications of evolving labour market dynamics, international trade cooperation and climate resilience in shaping long-term global growth.

India continued to reinforce its position as one of the world's fastest-growing major economies during July 2026. Economic activity remained supported by strong domestic demand, sustained public infrastructure investment and resilient manufacturing and services sectors despite a challenging global environment. Manufacturing activity maintained steady expansion, while services continued to record healthy growth, reflecting sustained business confidence and resilient domestic economic conditions. The Index of Core Industries also recorded improved performance, driven by strong growth in iron ore, electricity, cement and steel production, indicating continued momentum in industrial activity.

Inflation increased during June 2026, primarily due to higher food prices, while inflation across most non- food categories remained relatively moderate. Wholesale prices reflected continued cost pressures arising from higher fuel and manufactured product prices. Against this backdrop, the Reserve Bank of India maintained a balanced monetary policy stance, keeping the policy repo rate unchanged at 5.25 per

July 2026