AGP Executive Report
Last update: 5 hours agoGenAI Adoption: India ranks 5th globally in GenAI usage, with the SIDE 2026 report noting diffusion is broad-based in developing countries. Manufacturing Pulse: HSBC India Manufacturing PMI rose to a 3-month high of 55.0 in May as new orders and output picked up, even as costs stayed intense. RBI Watch: Economists expect the MPC to hold rates steady despite May inflation risks, rupee weakness and higher bond yields. Markets & Rates: Indian government bonds slipped early as oil prices firmed on Middle East tensions ahead of the June 5 policy decision; Sensex and Nifty rebounded on blue-chip buying. Trade: India–Oman CEPA kicks in from June 1, aiming to boost goods exports and services access; India–US trade talks resume in New Delhi to finalise an interim pact. Energy Costs: Commercial LPG prices were hiked again (Delhi +₹42 to ₹3,113.50 per 19-kg cylinder), squeezing restaurants and hotels. Digital Payments: RBI is looking to expand digital rupee use for welfare payments and cross-border pilots. Real Estate: Mumbai saw 14-year high May registrations (12,315), while home prices in MMR and Pune continued to rise. Civic & Safety: A fire broke out at Delhi’s Ministry of Education building in ITO; in Navi Mumbai, residents raised concerns over muddy drinking water despite testing claims.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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