Latest News on the Indian Economy

Fourth Session of the India-Namibia Joint Trade Committee held in New Delhi

India-Namibia bilateral merchandise trade reached US$ 593 million in FY2025-26, with both countries expanding cooperation across investment, critical minerals, healthcare, services and clean energy.

National Green Hydrogen Mission Advances Green Hydrogen Adoption in Petroleum and Refining Sector

The National Green Hydrogen Mission has awarded 30 KTPA of green hydrogen production capacity to four refineries, supporting India’s clean energy transition and energy security.

PM GatiShakti National Master Plan Enables Integrated and Coordinated Infrastructure Planning

PM GatiShakti has enabled evaluation of 396 infrastructure projects worth US$ 207 billion, with 198 projects currently under implementation across key infrastructure sectors.

MDoNER and CHEMEXCIL Organise Industry Summit on Prospects & Export of Agarwood Oil from India

The North Eastern Region holds nearly 96.6% of India’s agarwood resource base, with a new roadmap aimed at strengthening value addition, market access and exports of agarwood and oud oil.

GeM Strengthens Participation of MSMEs, Startups, Women Entrepreneurs and SHGs

MSME procurement through GeM reached US$ 26.84 billion in FY2025-26, with the platform strengthening participation of startups, women entrepreneurs and SHGs.

L&T plans to manufacture rare-earth magnets in India to challenge China’s dominance

L&T plans to bid for India’s US$ 764 million rare-earth magnet incentive programme, supporting domestic manufacturing and reducing dependence on China.