▶️ World Bank Backs India: World Bank approves a $1.5 billion loan to support reforms, job creation and economic growth initiatives.
▶️ Core Sector Slows: India’s core sector output growth drops sharply to 0.5% in May from 1.8% in April, signaling softer industrial momentum.
▶️ Anti-Dumping Move: India imposes anti-dumping duty on select chemical imports from China, the EU and the US to protect domestic industry.
▶️ Rooftop Solar Boom: India’s rooftop solar capacity additions surge 125% year-on-year to a record 2.7 GW in the March quarter.
▶️ Defence Boost: India and the US set to finalize a $230 million howitzer support deal, strengthening defence cooperation.
▶️ MSME Focus: RBI Governor urges banks to treat MSMEs as long-term partners and enhance credit support for the sector.
▶️ Monsoon Risk Warning: RBI’s June Bulletin cautions that a weak monsoon could complicate growth and inflation dynamics in FY27.
