Latest News on the Indian Economy

Maruti Suzuki sees small cars, SUVs driving India’s auto market to 6.3 million

Maruti Suzuki is expanding production capacity, SUV offerings and clean-energy initiatives as the domestic passenger vehicle market is projected to reach 6.1–6.3 million units annually by FY31.

DGFT Removes Physical Duty Payment Challans for Export Obligation Discharge Certificate Applications under Advance Authorisation and Export Promotion Capital Goods Schemes

DGFT’s integration with ICEGATE enables authenticated digital verification of voluntary duty payments, reducing documentation, manual checks and compliance requirements for exporters seeking closure of AA and EPCG authorisations.

Textiles Secretary addresses inaugural session of National Handloom Designers’ Conclave

The National Handloom Designers’ Conclave highlighted the importance of market-oriented design and stronger market access in improving sales and income opportunities for India’s weavers and designers.

India’s ultra-luxury housing market expands as high-value home sales surge

India’s housing market is witnessing rapid premiumisation, with strong demand for high-value homes in Mumbai and Gurugram accompanied by rising premium housing supply and a growing share of residential sales above US$ 104,887.

Commerce and Industry Minister Mr. Piyush Goyal awards top buyers and sellers on GEM platform at the 10th Anniversary celebrations of GEM

GeM has facilitated over US$ 222.22 billion in cumulative procurement, with its next phase focusing on Artificial Intelligence, last-mile access, credit, sustainability and wider participation.

APEDA Facilitates First-Ever Export of Mustard Honey by Dergang FPO from Tripura to Dubai

APEDA facilitated the first-ever export of 1 metric tonne of mustard honey from Tripura to Dubai, opening international market opportunities for local beekeepers, farmers and FPOs.