Latest News on the Indian Economy
August 27, 2026
Air Cargo Operations Witness Nearly 40% Growth: Mr. K. Ram Mohan Naidu
Civil Aviation Minister Mr. K. Ram Mohan Naidu said India’s air cargo operations have grown nearly 40% in recent years, while the Government is working to develop global-standard air cargo hubs and facilities.
India and Japan reaffirmed their commitment to deepen cooperation in startups, deep-tech, innovation and MSMEs at a roundtable in Tokyo. The partnership will focus on patient capital, technology collaboration, manufacturing integration and greater investment linkages between the two startup ecosystems.
India and Morocco agreed to double bilateral trade over the next five years, while establishing a Joint Working Group to explore a Preferential Trade Agreement and improve market access.
India’s Steel Sector Continues Its Upward Trajectory in Apr-Jul 2026
India’s steel sector recorded continued growth in April–July 2026, with crude steel production rising 2.4% to 56.2 MT and finished steel consumption increasing 7.9% to 56.0 MT. Finished steel exports grew 35.0% to 2.29 MT, while imports rose 36.6% to 2.77 MT during the period.
UPI transactions in value terms witnesses more than 4,000 fold jump over the decade
UPI has completed 10 years, with annual transaction value rising from Rs. 0.07 lakh crore in FY17 to around Rs. 314 lakh crores in FY26, while transaction volumes surged from 1.78 crore to over 24,162 crores.
India’s Data Centre Footprint Expected to Exceed 101 million Sq. Ft. by 2030
India’s data centre footprint is projected to exceed 101 million sq. ft. by 2030 from nearly 27 million sq. ft. in H1 2026, while IT capacity is expected to rise from 1.8+ GW to over 6.7 GW. More than US$ 300 billion in investment commitments are expected to support the sector’s expansion.
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