Indian Economy News

November 03, 2025

UPI tops festive season payments, transactions jump to US$ 200 billion: Bank of Baroda

UPI dominated festive season payments with transactions worth US$ 200 billion, reflecting strong consumer spending and growing digital adoption across India.

Car sales hit record high in October 2025 as festive cheer and GST cuts drive demand

India’s passenger vehicle sales hit an all-time high of 4.7 lakh units in October 2025, up 17% YoY, driven by festive demand, GST cuts, and strong rural sentiment.

India's GST collection increases 4.6% to US$ 22.08 billion in October 2025

India’s gross GST collections rose 4.6% YoY to US$ 22.08 billion in October 2025, supported by festive spending and post-cut demand recovery, reflecting steady consumption.

UIDAI Unveils ‘Aadhaar Vision 2032’ Framework to Future-Proof Digital Identity through AI, Blockchain, Quantum Computing and Advanced Encryption

UIDAI has unveiled the ‘Aadhaar Vision 2032’ framework to upgrade its technology stack with AI, Blockchain, and advanced security tools, ensuring a secure and future-ready digital identity ecosystem.

TCS’ US$ 6.5 billion bet marks India’s push against tech colonisation

TCS announced a US$ 6.5 billion investment to expand digital and AI capabilities, positioning itself as a global AI-led services leader and boosting India’s technological self-reliance.

Ford to invest US$ 366 million in Chennai plant for 'next-gen' engine production

Ford Motor Company will invest US$ 390 million to restart production at its Maraimalai Nagar plant near Chennai, focusing on next-generation powertrains primarily for export, with operations to begin by 2029.

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