Latest News on the Indian Economy
August 06, 2026
RBI’s balanced policy stance to support growth, investment sentiment: PHDCCI
PHDCCI has welcomed the Reserve Bank of India’s decision to retain the policy repo rate at 5.25%, stating that the balanced policy stance will support economic growth, strengthen investor confidence and maintain macroeconomic stability amid global uncertainties.
Prime Minister Mr. Narendra Modi and Netflix announced initiatives to strengthen India's position as a global hub for content creation through creative skilling, storytelling and cultural tourism.
India witnesses significant Growth in the Chemicals & Petrochemicals Sector over the last 12 Years
India’s chemicals and petrochemicals sector has attracted US$ 40.54 billion in investments over the past 12 years, while the Government has approved the US$ 317.58 million BHAVYA Rasayan Scheme to establish three new Chemical Parks.
21 Legislative Houses have been transformed into digital Legislatures under the NeVA project
Twenty-one Legislative Houses have transitioned into fully digital legislatures under the National e-Vidhan Application (NeVA), with the Government providing US$ 1.45 million to modernise legislative processes and strengthen secure, paperless governance.
Gujarat to launch 600-passenger luxury cruise at Statue of Unity to boost Narmada river tourism
Gujarat will introduce a 600-passenger luxury cruise on the Narmada River near the Statue of Unity, enhancing river tourism, expanding event-based tourism and strengthening Ekta Nagar's position as a leading global tourism destination.
Odisha signs 10 MoUs to strengthen trauma care, medical education and health infrastructure
Odisha has signed 10 MoUs with leading institutions to strengthen trauma care, medical education, laboratory services and healthcare infrastructure, enhancing healthcare delivery and public health services across the state.
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