Latest News on the Indian Economy

India’s Seafood Exports Reach Record High of US$ 8.46 billion in 2025-26

India's seafood exports hit a record high of Rs. 73,890.46 crore (US$ 8.46 billion) in 2025-26, driven by strong shrimp shipments and sustained demand from the US, China and the EU.

India-Oman CEPA takes effect: 98% duty-free access opens doors for textiles, pharma, MSMEs: Union Minister Mr. Piyush Goyal

The India-Oman CEPA, effective June 1, 2026, provides duty-free access for over 99% of Indian exports to Oman, boosting trade, services, pharmaceuticals, and strengthening India’s access to Gulf, African, and Asian markets.

UPI Transactions Soar to Record US$ 312.21 billion in May

Rising UPI adoption across consumers, merchants and businesses highlights the increasing reach of India’s digital financial infrastructure and the growing shift towards cashless transactions.

Auto Sales Surge in May; Maruti Suzuki Hits Record High, Hyundai, Mahindra and Toyota Gain Momentum

Robust sales growth across major automobile manufacturers reflects strong consumer demand, rising exports and increasing adoption of advanced and cleaner mobility solutions in India.

Rolls-Royce Explores Engine MRO Facility, Aero Gas Turbine Complex and Small Modular Reactor Opportunities in India

Rolls-Royce’s plans for aerospace maintenance, indigenous engine development and advanced nuclear technologies reflect growing global confidence in India’s high-technology manufacturing and engineering capabilities. 

Wockhardt’s Zaynich Gains US FDA Approval, Opens Access to US$ 9 Billion Antibiotics Market

The US FDA approval of Zaynich highlights India’s growing strength in pharmaceutical innovation and reinforces the country’s role in developing advanced treatments for global healthcare challenges.