Indian Economy News

May 27, 2022

India exported wheat worth $473 mn in April, $177 mn in March ahead of ban

India exported wheat worth US$ 177 million in March and US$ 473 million in April this year, just weeks after wheat exports were banned to limit price rises.

India fastest growing economy among G-20 nations: PM Modi at ISB

Prime Minister Mr. Narendra Modi announced that India is the fastest-growing economy among the G-20 nations, while addressing graduating students from the Indian School of Business (ISB).

Govt forms advisory board to achieve $300-billion electronics manufacturing target by 2026

The Ministry of Electronics and Information Technology (MeitY) has constituted an advisory council to help India achieve its goal of being a US$ 300 billion electronics manufacturing hub by 2026.

India moves ahead with its UK, EU trade pacts

India is progressing ahead with two trade agreements, with UK and EU, along with two other agreements with Israel and Canada, which are expected to boost trade and drive investments into the economy.

Coal India to divest 25% stake in BCCL, plans subsequent listing

Coal India Ltd (CIL) announced on Thursday that it has decided to divest 25% stake in BCCL and subsequent listing on stock exchanges.

Innoviti raises additional ₹75 cr in Series D from Dutch investor FMO

Innoviti Payment Solutions Pvt. Ltd raised an additional Rs. 75 crore (US$ 9.66 million) in Series-D funding from existing investor FMO, the Netherlands' development finance institution.