Latest News on the Indian Economy
August 07, 2026
April–July 2026: India’s Steel Sector Exhibits Growth Trend
India's steel sector maintained steady growth during April–July FY27, with higher production, domestic consumption, exports and sustainability initiatives strengthening the country's steel manufacturing ecosystem.
India and South Africa have agreed to expand cooperation in critical minerals, pharmaceuticals and manufacturing while advancing negotiations on the proposed India–SACU Preferential Trade Agreement to strengthen bilateral trade and investment.
Auto sales hit record 2.59 million units in July, rise 26% year-on-year
India’s automobile retail sales touched an all-time monthly high of 2.59 million units in July 2026, rising 26% year-on-year, driven by strong rural demand, GST rate cuts, favourable monsoon conditions and robust growth across all vehicle segments.
Commercial Coal Mining Reforms Boost Competition, Efficiency: G. Kishan Reddy
India's commercial coal mining reforms are strengthening competition and private sector participation, while faster mine operationalisation and transparent auctions are boosting domestic coal production and energy security.
India can become global leader in affordable caregiving: NITI Aayog
NITI Aayog has outlined a roadmap to develop a skilled caregiving ecosystem through policy reforms, workforce development and institutional support, positioning India as a global hub for affordable caregiving services.
The Union Cabinet has approved the GOBARdhan National Circular Bioenergy Scheme with an outlay of Rs. 23,731 crore (US$ 2.49 billion) to boost compressed biogas production, strengthen energy security and advance India's circular bioeconomy.
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