Latest News on the Indian Economy
June 04, 2026
Tyre Exports Reach Record US$ 3.09 Billion in FY26 Despite Supply Chain Disruptions
Record tyre exports in FY26 demonstrate the resilience of India’s manufacturing sector, with global demand, market diversification and capacity expansion supporting sustained export growth despite supply chain challenges.
India and South Africa are deepening technology-led cooperation through partnerships in Artificial Intelligence, digital infrastructure, advanced manufacturing and innovation, strengthening their shared commitment to inclusive growth and Global South development.
OECD Projects India’s Growth at 6.3% in FY27 and 6.4% in FY28 Despite Global Economic Headwinds
The OECD’s latest outlook highlights the resilience of the Indian economy, with strong domestic demand, credit growth and policy support expected to sustain robust economic expansion despite global uncertainties.
India’s emergence as the world’s second-largest solar growth market reflects the rapid expansion of its renewable energy sector and the country’s accelerating transition towards a cleaner and more sustainable energy future.
India’s Services Sector Growth Accelerates to Six-Month High in May
Strong growth in business activity, new orders and export demand has propelled India’s services sector to a six-month high, reinforcing the strength of domestic economic momentum.
The Viksit Vibrant Village Program 2026 aims to connect young citizens with border communities, promoting nation-building, grassroots development and stronger socio-cultural integration across India’s frontier regions.
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