Latest News on the Indian Economy

India-UAE Trade Targeted to Reach US$ 200 Billion by 2032, BRICS to Support Investment Opportunities

India-UAE bilateral trade is targeted to reach US$ 200 billion by 2032, with CEPA, investment flows and BRICS cooperation expected to create new opportunities for businesses.

Prime Minister Mr. Narendra Modi Chairs BRICS Session on Inclusive Global Governance and Strengthening Multilateralism

Prime Minister Mr. Narendra Modi chaired a BRICS session on inclusive global governance, calling for greater representation of the Global South and stronger multilateral cooperation.

BRICS Countries’ Exports Rise to US$ 6 Trillion in 2024, Highlighting Trade Potential: Union Minister for Commerce and Industry, Mr. Piyush Goyal

BRICS exports surged nearly sevenfold to US$ 6 trillion in 2024, underscoring the bloc’s growing trade potential and scope for deeper economic integration.

European Union to Allow 2.5 Lakh Indian Cars at Concessional Duty Under FTA, Quota to Reach 4 Lakh in 10 Years

The India-EU FTA will provide concessional duty access for up to 2.5 lakh Indian passenger vehicles annually, with the quota set to rise to 4 lakh vehicles over 10 years.

Uttar Pradesh clocks US$ 5 billion exports to BRICS, partner nations

Uttar Pradesh recorded US$ 5 billion in exports to BRICS and partner nations, highlighting the state's growing presence in international markets and export potential.    

India's New Industrial Revolution Driven by Domestic Market, Private Participation and Policy Support: Jefferies

Jefferies projects that India's space economy will expand fivefold to US$ 40-45 billion by 2030 and that data centre capacity will surpass 10 GW within five years, describing the country's semiconductor, solar and aerospace expansion as part of a broader "New Industrial Revolution".