Latest News on the Indian Economy
July 30, 2026
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.
The Government is strengthening India's innovation ecosystem through Research, Development and Innovation Fund, the IndiaAI Mission and the second India Semiconductor Mission, while encouraging greater investment in deep-tech startups and globally competitive manufacturing.
Setting the Stage: India Targets Global Live Events Leadership by 2030
The Live Events Development Cell has held four meetings since July 2025, prompting the RBI to scrap bank guarantee requirements on remittances above US$ 5 lakh for service imports, effective October 1, 2026.
India has signed MoUs with 24 countries to promote adoption of its Digital Public Infrastructure solutions, building on the global recognition of India Stack to strengthen digital cooperation and cross-border service delivery.
Fashion and apparel drive 20% growth in India's organised retail leasing in H1 2026
India's organised retail leasing grew 20% year-on-year to 3.9 million sq. ft. in H1 2026, with fashion and apparel brands driving the largest share of space absorption across major cities.
Assam Exports First International Consignment of Purabi Ice Cream to Bhutan
Assam has exported its first international consignment of 5,627 litres of Purabi Ice Cream to Bhutan, marking a milestone for the state's dairy sector and opening new markets for value-added dairy exports from the North East.
Partners
