Indian Economy News

August 19, 2025

Unified Payments Interface (UPI) transactions surge in 2025, daily average value crosses Rs. 90,000 crore (US$ 10.3 billion) in August: Report

UPI transactions surged in 2025, with daily values crossing US$ 10.35 billion in August 2025, cementing its role as India’s digital payments backbone.

Rooftop solar installations seen doubling to four million by March 2026 on PM Surya Ghar boost

The government aims to more than double rooftop solar installations to 4 million by March 2026 under the PM Surya Ghar Mut Bijli Yojana’s utility-led aggregation model.

India's GST cuts to lift festive e-commerce sales by up to 20%: Executives

Goods and services tax (GST) cuts are expected to lift e-commerce sales by 15-20%, with simplified rates boosting festive demand across electronics, FMCG, and quick-commerce platforms.

Ministry of Micro, Small, and Medium Enterprises (MSME) takes various steps for promotion and development of MSME sector

The MSME Ministry has strengthened formalisation, finance access, and support schemes, registering 6.63 crore enterprises by July 2025 and boosting credit, employment, and artisan development.

Telcos operating profit likely to grow 12-14% this fiscal on data surge: Crisil Ratings

India’s telecom sector is set for 12-14% operating profit growth in FY26, driven by rising data usage, 5G expansion, higher average revenue per user (ARPU), and lower capex, boosting free cash flow and debt reduction.

Ayurveda, palaces, yoga: India's tourism market to add Rs. 5,10,000 crore (US$ 59 billion) by 2028

India’s tourism and hospitality sector is set to soar, with revenues exceeding US$ 59 billion by 2028, driven by domestic travel, luxury hotels, weddings, and business tourism.

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