AI-led models likely to unlock up to $170 bn credit gap in India

IANS | May 13, 2026 2:36 PM

New Delhi, May 13 (IANS) AI‑driven credit models could unlock an estimated credit gap worth $130–170 billion in economic value and reduce MSMEs’ reliance on informal lending, the government said on Wednesday, adding that India’s financial‑inclusion push is being reshaped by the convergence of a strong Digital Public Infrastructure and artificial intelligence.

Australia hikes budget outlay to boost ties with India to $25.3 million

IANS | May 13, 2026 2:26 PM

New Delhi, May 13 (IANS) The Australian government will commit $25.3 million in the 2026-27 budget to strengthen bilateral economic, strategic and maritime relations with India amid the drastic change in the global geopolitical landscape following Donald Trump taking over as President of the United States.

Retail inflation likely to average 5.1 pc in FY27: Report

IANS | May 13, 2026 12:31 PM

New Delhi, May 13 (IANS) The consumer price index inflation rose mildly to 3.48 per cent in April from 3.40 per cent in March, and CPI‑based inflation is expected to average 5.1 per cent in fiscal 2027, a report said on Wednesday.

Piyush Goyal highlights export push, FTA progress and global investment talks

IANS | May 13, 2026 12:04 PM

New Delhi, May 13 (IANS) Union Minister of Commerce and Industry Piyush Goyal on Wednesday highlighted major achievements of the government in the past 10 days, such as export promotion initiatives, progress in free trade agreement (FTA) negotiations and discussions with global companies to strengthen manufacturing investments in India.