Finance Minister Pranab Mukherjee who is presenting the Budget amidst a huge challenge of reviving growth and reducing expenditure to check slippage in government finances attributed the recent slowdown in economic activity to weak industrial growth. The Indian economy in now showing signs of turning around while headline inflation is likely to moderate in a few months, he said as opposition members disrupted Budget speech ignoring pleas from the Speaker and the Finance Minister.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.