India is expected to maintain a growth rate of 6-8% while controlling inflation in the coming years, said Union minister Ashwini Vaishnaw. Focus areas include simplifying tariffs and customs laws to boost exports. Inclusive growth remains central, supported by manufacturing and services. India’s talent pool and trust in policies attract companies to shift operations there.

Attrition rates have risen for Indian IT firms like HCLTech, Wipro, TCS, and Infosys, reflecting a moderate demand environment and openings for specialized roles. The demand increase in sectors like retail, manufacturing, and BFSI contributes to this trend, with predictions suggesting stabilization by FY26.

Oil prices declined following President Trump’s statement about convincing Saudi Arabia and OPEC to reduce crude costs. WTI futures dropped below $75 and Brent below $79. The OPEC and its allies aim to support prices by limiting output with potential plans to gradually revive production starting in April.

Moody’s indicates that most Indian companies are shielded from rupee depreciation because of mitigating factors, whereas govt-owned oil marketing companies, Ola, and UltraTech Cement are adversely affected. OMCs experience a currency mismatch with rupee-linked marketing revenues and US dollar feedstock costs, which are partially offset by US dollar-linked fuel sales and government support.