Latest News on the Indian Economy
August 25, 2026
UPI has completed a decade of operations, emerging as a key pillar of India’s digital payments ecosystem, with rapid growth in transaction volumes, value, bank participation and international adoption.
India is expanding its free trade agreement network, with negotiations underway with 8-9 additional country groups and nations, aiming to increase preferential market access and integrate India further into global value chains.
India-Cambodia bilateral trade grew over 36% to US$ 406.78 million in FY 2025-26 as both countries discussed deeper cooperation in trade, investment, pharmaceuticals, agriculture, digital payments and customs.
India eyes 14-fold jump in electronic component production by FY31
India is targeting US$ 433.43 billion in electronics production by FY31, with electronic component production projected to rise more than 14-fold to US$ 129.90 billion.
Indian banks are in their best shape in a decade: Motilal Oswal
Indian banks have strengthened significantly over the past decade, with gross NPAs falling to around 1.8% and net NPAs to 0.4% in March 2026. Strong capital buffers, improved profitability and 14.5% credit growth in FY2025-26 have strengthened the sector's capacity to support economic activity.
Suzlon Group plans to invest US$ 1 billion in Andhra Pradesh
Suzlon Group plans to invest US$ 1 billion in Andhra Pradesh, including the development of 1,325 MW of new wind projects in Anantapur district. The company is targeting 5 GW of additional renewable energy capacity in the state by 2030.
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