Latest News on the Indian Economy
July 31, 2026
The Government will establish the Centre of Excellence for Handloom Technology at IIT Delhi with an investment of US$ 1.28 million to promote innovation, digital technologies and sustainability across India's handloom sector.
India improved its position from 82nd to 57th in the global Market Distortions Performance Index between 2010 and 2023, reflecting sustained progress in structural reforms, competition policy and trade facilitation.
The Government has adopted a comprehensive semiconductor talent development strategy, training over 100,000 engineers and 68,000 chip design professionals, while Semicon 2.0 with an outlay of US$ 13.56 billion will further strengthen India's semiconductor ecosystem.
India accelerates maritime expansion, targets over 700 MTPA additional port capacity by 2030
India is targeting over 700 MTPA of additional port capacity by 2030 through major infrastructure projects, increased mechanisation, digitalisation and expanded shipbuilding capacity to strengthen its maritime sector under the Viksit Bharat 2047 vision.
APEDA facilitates first-ever sea shipment of value-added flavoured makhana from Bihar to Canada
APEDA has facilitated the first-ever sea shipment of seven metric tonnes of value-added flavoured makhana from Bihar to Canada, boosting value-added agricultural exports and creating higher income opportunities for farmers through food processing and branding.
Electronics Development Fund backs 128 startups with US$ 139.23 million investments
The Electronics Development Fund has backed 128 startups across the ESDM and IT sectors with US$ 139.23 million in investments, with Karnataka emerging as the leading beneficiary under the fund's Daughter Fund model.
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