Economy · May 2026

India is preparing to send oil tankers through the Strait of Hormuz for new supply, amid ongoing regional tensions and fuel price hikes. The rupee hit 100 per dollar in the one-year forward market and closed at 96.8 in spot trade, reflecting continued external pressures. Indian Railways is targeting 350 kmph speeds with its next indigenous bullet train, while the first model is set for 280 kmph. Modi’s toffee gift to Italian PM Giorgia Meloni mistakenly caused a rally in the wrong Indian stock. Workers in India are training robots that may replace them, with one saying, 'I’m working in my own grave'. Inspired by the PM's call, a Hyderabad firm announced cash incentives for EV users. ISRO is excited about a discovery after the Chandrayaan lander hopped a little in 2023.