India will host the BRICS summit in New Delhi on September 12-13, 2026, under the theme “Building for Resilience, Innovation, Cooperation and Sustainability.” The report highlights that India’s trade with fellow BRICS members shows a $226 billion deficit despite growing intra‑bloc commerce.
India produced an estimated 11.99 million tonne of spices in FY25, with exports valued at $4.52 billion, according to the Spices Board
10862160 shipping cargo containers file photo express
Record production, comfortable stocks, competitive prices and the gradual reopening of exports give India a strong base to become a reliable global wheat supplier, the paper says
Russia cuts expected 2026 oil output to a 17-year low, while rising crude exports and India's purchases put the spotlight on Moscow's key Asian oil market.
India's 7.8% real GDP growth in Q1 FY27 reflects resilience despite global uncertainties and West Asia tensions, CEA V Anantha Nageswaran said. Manufacturing, services, exports and consumption remained strong, while fiscal risks have eased.
Exporters can self-generate a one-time authorisation for multiple consignments without seeking separate approval for each batch; licence validity increased to two years
The discussions highlight how China's leading AI models, often far cheaper than Western offerings, are gaining traction in the US, despite national security concerns in Washington that have led to bans on exports of AI chips to China. They are also taking place despite critical comments about Moonshot from senior US officials.
