Latest News on the Indian Economy
July 16, 2026
Cabinet approves India Semiconductor Mission 2.0 with outlay of US$ 13.25 billion
India Semiconductor Mission 2.0 seeks to strengthen the country’s semiconductor value chain through investments in chip design, fabrication, advanced packaging, research and talent development, while expanding domestic electronics manufacturing capabilities.
Prime Minister Mr. Narendra Modi says India–UK CETA to benefit farmers, entrepreneurs and MSMEs
The India–UK CETA and the Social Security Agreement are expected to expand market access, improve workforce mobility, strengthen bilateral trade and investment, and enhance cooperation across technology, innovation and key economic sectors.
Ladakh exports first fresh apricot consignment to the UAE; aims to strengthen horticulture exports
The first export of fresh apricots to the UAE marks a major step in promoting Ladakh’s horticulture sector, with improved logistics, value addition and international market access expected to boost farmers’ incomes and export potential.
The partnership between IPC and UPPPC aims to strengthen quality standards, regulatory compliance and innovation in the pharmaceutical and medical device sectors while supporting MSMEs, enhancing patient safety and promoting Uttar Pradesh as a healthcare manufacturing hub.
India’s automotive sector records 20 deals worth US$ 717.00 million in Q2 2026
Technology-led mobility businesses, EV ecosystem players and automotive software companies continued to attract strong investor interest in Q2 2026, with high-value transactions sustaining deal values despite lower transaction volumes.
The proposed US$ 5.50 billion acquisition of IDBI Bank by Fairfax is expected to advance India's banking sector reforms, strengthen investor confidence and support the Government's strategic disinvestment programme.
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