Oil tanker docked at a port with storage tanks and gantry cranes under overcast sky
India has increased its windfall tax on diesel and aviation fuel exports, effective June 16, 2026. The special additional excise duty on diesel exports has been raised to Rs 14 per litre, and the levy on aviation turbine fuel exports is now Rs 12.5 per litre. The tax on petrol exports remains unchanged.
This fiscal measure coincides with growing optimism surrounding India’s manufacturing sector. Dilip Sawhney of Rockwell Automation suggests that India has the potential to significantly expand its global trade share, potentially three to five times larger, by enhancing its manufacturing capabilities. Key to this growth is strengthening the “missing middle” segment of manufacturers and embracing advanced technologies such as Industry 5.0 and smart factory solutions.
In parallel, the Adani Group is collaborating with Jabil Inc. to develop vertically integrated AI and data center infrastructure. This strategic partnership signals a significant investment in the country’s technological capabilities, aiming to support the burgeoning demand for advanced computing power and data services.
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