Indian Economy News

March 18, 2026

India’s chemicals industry projected to reach up to US$ 255 billion by 2030: McKinsey report

India’s chemicals industry is projected to expand to US$ 255 billion by 2030, driven by rising domestic demand, infrastructure growth, and emerging specialty chemical segments, according to a McKinsey report.

Union Cabinet Approves ‘Mission for Aatmanirbharta in Pulses’ with Rs. 11,440 Crore (US$ 1.24 billion) Outlay to Achieve Self-Sufficiency by 2030-31

Cabinet approves Rs. 11,440 crore (US$ 1.24 billion) pulses mission to boost domestic production, reduce imports, and achieve self-sufficiency by 2030–31.

India leads global coconut production, centre announces promotion scheme

India strengthens its global leadership in coconut production with a comprehensive promotion scheme aimed at boosting productivity, farmer income, and value-added exports.

Government Takes Steps to Promote Domestic Recycling Capacity and Circular Economy in Solar Sector

The Government of India is promoting domestic recycling capacity and circular economy practices in the solar sector through policy initiatives, research programmes and a US$ 162.3 million (Rs. 1,500 crore) recycling incentive scheme to manage future solar panel waste.

GCC expansion and flexible workspaces to sustain strong office demand in India in 2026: Colliers

India’s office market is expected to remain strong in 2026, driven by the expansion of Global Capability Centres, rising demand for flexible workspaces, and growing preference for premium sustainable office buildings.

Honda to invest US$ 129.8 million to manufacture ‘O Alpha’ electric SUV at Rajasthan plant

Honda Cars India will manufacture its upcoming “O Alpha” electric SUV at its Tapukara plant in Rajasthan with an investment of Rs. 1,200 crore (US$ 129.8 million), supporting domestic EV manufacturing and export opportunities.

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