Latest News on the Indian Economy
July 02, 2026
UPI Transactions Rise 23% to Over 22 billion in June
India's UPI ecosystem continues to witness robust growth, with record transaction volumes and expanding international adoption strengthening the country's leadership in digital payments and global fintech innovation.
Digital India has transformed governance and public service delivery over the past 11 years, strengthening digital infrastructure, empowering citizens and positioning India as a global leader in digital innovation and Digital Public Infrastructure.
Union Minister Mr. Piyush Goyal Discusses Strengthening India-Greece Economic Ties
India and Greece are deepening economic cooperation through stronger trade, investment, infrastructure and technology partnerships, with both countries aiming to significantly expand bilateral trade and strengthen resilient supply chains.
GST collections rise 13.9% to US$ 20.68 billion in June
India's GST collections recorded strong double-digit growth in June 2026, driven by higher import revenues, improved tax compliance and sustained economic activity, reinforcing the strength of the country's indirect tax framework.
SHE-LEAPS: Digital Empowerment for Lakhpati Didis
SHE-LEAPS is strengthening the Lakhpati Didi initiative by enabling women-led rural enterprises through digital technology, real-time enterprise tracking and enhanced financial inclusion, supporting sustainable and inclusive rural development.
Mankind Pharma joins hands with Denovo Sciences for AI-powered drug discovery
Mankind Pharma's partnership with Denovo Sciences will combine a human-in-the-loop AI model with continuous scientific validation to shorten early-stage drug discovery timelines and improve the precision of lead candidate selection, strengthening India's pharmaceutical R&D and biotechnology capabilities.
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