Latest News on the Indian Economy
September 24, 2026
India’s solar capacity rises to nearly 165 GW as PM Surya Ghar empowers over 51 lakh families
India's solar capacity has grown from 2.8 GW in 2014 to nearly 165 GW by mid-2026, with the PM Surya Ghar Muft Bijli Yojana empowering over 51 lakh families. Gujarat continues to lead the scheme's rooftop solar adoption nationally.
Prime Minister Mr. Narendra Modi highlighted space sector reforms, including the creation of IN-SPACe, as key to making India self-reliant and technologically stronger. Skyroot Aerospace's growth, including its Vikram-1 rocket, was cited as an example of these reforms in action.
OECD raises India's FY27 GDP growth forecast by 80 bps to 7.1%
The OECD raised India's FY27 GDP growth forecast by 80 bps to 7.1%, citing resilient domestic demand. It also projected global growth of 2.9% in 2026, with inflation rising amid depleting energy shock buffers.
Retail sector logs 10% growth in August on stable consumer demand: RAI survey
India’s retail sales grew 10% in August 2026, led by West India and categories such as quick-service restaurants, food and grocery and apparel, as consumer activity strengthens ahead of the festive season.
JPMorgan to double GIFT City business as US$ 1 billion book expands
JPMorgan Chase & Co. plans to double its GIFT City business over the next couple of years, expanding its banking, liquidity and payment solutions while strengthening cross-border financial services in India.
MY Bharat Crosses Landmark Milestone of 3 Crore + Registered Youth in less than 3 Years
MY Bharat has crossed 3 crore registered youth in less than three years, expanding access to experiential learning, volunteering, leadership, civic engagement and youth-led nation-building opportunities.
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