Latest News on the Indian Economy
July 10, 2026
India's food services market projected to reach US$ 150 billion by FY31
India's food services market is projected to reach US$ 150 billion by FY31, supported by strong growth in online food delivery, organised food service brands and rising consumer demand for convenience-driven dining experiences.
India and Australia signed landmark agreements on uranium supply, critical minerals, defence, maritime security and advanced technologies, while accelerating CECA negotiations to deepen economic integration and strategic cooperation across the Indo-Pacific.
WIPO report highlights India's rapid rise as a global innovation powerhouse
The World Intangible Investment Report 2026 recognises India as the fastest-growing major economy in intangible investment, with investment reaching US$ 78.20 billion in 2023, highlighting strong growth in innovation, research, software and intellectual property that is strengthening the country's knowledge-driven economy.
Government reiterates commitment to make India global hub for AI applications
The Government has reaffirmed its vision of making India a global hub for AI applications by strengthening the country's innovation ecosystem, digital capabilities and talent base, while leveraging its leadership in Global Capacity Centres.
Government supports distribution of 22 lakh farm machines under agricultural mechanisation mission
The Government has supported the distribution of 22 lakh farm machines and expanded drone-based precision farming under the Sub-Mission on Agricultural Mechanisation, enhancing productivity, technology adoption and sustainable agricultural development across India.
Gujarat launches Data Centre Policy 2026-29 to accelerate digital infrastructure and AI investments
Gujarat's Data Centre Policy 2026-29 aims to attract investments in hyperscale data centres, AI infrastructure and digital services, strengthening the state's digital ecosystem and positioning it as a leading hub for next-generation technologies, in support of its US$ 3.5 trillion economy vision by 2047.
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