Indian Economy News
February 13, 2026
India's agri export to US set to jump as 75% of export items now enjoy zero tariff: SBI Report
According to a State Bank of India (SBI) report, around 75% of India’s agricultural export items now enjoy zero tariffs in the United States, positioning Indian farm exports for strong growth as trade barriers ease.
Trade deals with US, UK, and EU to accelerate Viksit Bharat mission: Union Minister Mr. Piyush Goyal
Union Minister Mr. Piyush Goyal has urged exporters to leverage new FTAs with the UK, EU, and USA to boost global presence, while highlighting that the US tariff rollback on Indian goods will safeguard jobs in labor-intensive sectors.
AI could add US$ 550 billion to India’s economy by 2035: PwC report
A PwC report projects that artificial intelligence (AI) could contribute up to Rs. 45,650 billion (US$ 550 billion) to India’s economy by 2035, driven by productivity gains, automation, and expanded digital adoption across sectors.
India’s technology services sector can scale to US$ 750–850 billion by 2035: NITI Aayog
A NITI Aayog roadmap projects that India’s technology services sector, currently valued at about Rs. 21,99,500 crore (US$ 265 billion), could expand to Rs. 62,25,000–70,55,000 crore (US$ 750–850 billion), by 2035, driven by AI-led transformation and innovation.
The Government of India’s Technology Development Board (TDB) under the Department of Science & Technology (DST) has signed an agreement with Prantae Solutions Pvt. Ltd. to commercialise the indigenous point-of-care renal diagnostic platform “Proflo-U”, aimed at enhancing early detection and management of kidney disorders.
Mahindra Pumps US$ 23.6 Million Into Chennai R&D Centre
Mahindra & Mahindra has announced a Rs. 196 crore (US$ 23.6 million) capital investment in its Chennai research and development (R&D) centre, aiming to strengthen innovation and product development for future mobility solutions.
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