TNI Business News Beat – June 2, 2026

TNI Business News Beat – June 2, 2026

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📌 India Meets FY26 Fiscal Deficit Target

The Centre achieved its fiscal deficit goal of 4.4% of GDP, reflecting improved fiscal management.

📌 UPI Transactions Hit Record ₹29.9 Lakh Crore

India’s digital payments ecosystem scaled a new peak with record transaction value in May.

📌 India-Oman Free Trade Pact Comes Into Force

The agreement is expected to boost exports, investments and trade flows between the two countries.

📌 Power Demand Touches All-Time High In May

Intense heatwave conditions pushed electricity consumption to a record level across the country.

📌 Industrial Output Grows 4.9% In April

India’s manufacturing and industrial activity showed steady growth under the revised IIP series.

📌 Passenger Vehicle Sales Surge To Record Levels

Strong demand helped major automakers, including Maruti Suzuki and Kia, achieve record May sales.

📌 India’s Seafood Exports Hit Record High

Seafood exports reached an all-time high in FY26, led by robust global demand for frozen shrimp.

📌 Banks Sanction ₹35,000 Crore Support For MSMEs

Fresh lending under the ECLGS framework aims to help businesses tackle the impact of the West Asia crisis.

TNI Business News Beat - June 2, 2026

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