Latest News on the Indian Economy
July 27, 2026
Developed by Skyroot Aerospace, Vikram-I is India's first privately developed orbital rocket, launched alongside the inauguration of the company's Infinity Campus in Hyderabad, a facility built to support the complete launch vehicle lifecycle from design to manufacturing.
Cabinet Approves BHAVYA Rasayan Scheme for Chemical Parks
The Union Cabinet has approved the BHAVYA Rasayan scheme with an outlay of US$ 322.34 million to establish three dedicated Chemical Parks, strengthening India's chemical manufacturing ecosystem and global competitiveness.
India's Services Exports Reach US$ 421 Billion in FY26
India's services exports increased to US$ 421 billion in FY26, led by telecommunications, computer and information services and business services, supported by expanded market access through Free Trade Agreements.
India's Steel Sector Maintains Growth Momentum in Q1 FY27
India's steel sector maintained strong momentum in Q1 FY27, with crude steel production reaching 42.1 MT, finished steel consumption rising 8.3%, and continued progress in capacity expansion and green steel initiatives.
India's first hydrogen-powered train has completed over 1,200 km of zero-emission operations, replacing more than 3,200 litres of diesel and strengthening the country's indigenous green rail ecosystem.
Adani Energy Wins US$ 904 million Andhra Transmission Project
Adani Energy Solutions has secured a US$ 904 million transmission project in Andhra Pradesh to support green hydrogen, green ammonia and emerging digital infrastructure in the Visakhapatnam region.
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