Indian Economy News

March 16, 2026

Passenger vehicle dispatches rose 10.6% in February to 4,17,705 units

Passenger vehicle dispatches in India rose 10.6% year-on-year to 4,17,705 units in February, reflecting sustained consumer demand and continued growth in the domestic automobile sector.

Union Minister of Commerce and Industry, Mr. Piyush Goyal, Urges Industry to Leverage India-EFTA Partnership Agreement

Union Minister of Commerce and Industry Piyush Goyal urged Indian industry to leverage opportunities under the India–EFTA Trade and Economic Partnership Agreement (TEPA), highlighting a legally binding investment commitment of Rs. 9.24 Lakh crore (US$ 100 billion) and the potential to create 1 million jobs in India.

APEDA Facilitates First Export of GI-Tagged Joha Rice from Assam to the United Kingdom and Italy

APEDA facilitates the first export of GI-tagged Joha rice from Assam to the UK and Italy, boosting global recognition of the aromatic rice variety and strengthening agricultural exports from India’s North-Eastern region.

Data centre capacity in the country has increased from about 375 MW in 2020 to around 1500 MW by 2025

India’s data centre capacity has increased from about 375 MW in 2020 to around 1,500 MW by 2025, supported by expanding digital infrastructure, AI development, and growing demand for data processing.

HFCL lands US$ 1.10 billion optical fibre cable supply contract with a global multinational

HFCL has secured a US$ 1.10 billion multi-year contract from a global multinational corporation to supply high-fibre-count optical fibre cables, strengthening its presence in the global telecom infrastructure market. 

Akasa Air to establish aircraft MRO facility at Noida International Airport

Akasa Air has partnered with Noida International Airport to establish its first aircraft maintenance, repair, and overhaul (MRO) facility in India, strengthening domestic aviation maintenance infrastructure.

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