Indian Economy News

April 13, 2026

PLI 2.0 may help India capture 35% of global mobile output with an annual production of US$ 130 billion by FY31

Industry has proposed a PLI 2.0 roadmap that could raise India’s share in global mobile output to 35% by FY31, with annual production reaching Rs. 12.03 lakh crore (US$ 130 billion).

India becomes second-largest diamond jewellery market with 12% global share

India has become the world’s second-largest diamond jewellery market with a 12% global share, surpassing China and Japan, driven by rising incomes, evolving consumer preferences, and growing demand for diamonds as everyday luxury.

Digital-Only Toll Collection Implemented at National Highway Fee Plazas

India has implemented digital-only toll collection at National Highway fee plazas through FASTag and UPI, improving transparency, traffic flow, and freight corridor efficiency. 

India’s OTT market expands to 1.45 billion monthly active users, driven by data, smartphones

India’s OTT ecosystem has grown to 1.45 billion monthly active users, supported by cheaper data, rising smartphone usage, and expanding demand for digital video content.

India Pharma 2026 Commences in New Delhi, Showcasing India’s Innovation-Led Pharma Growth

India Pharma 2026 will bring together policymakers and global pharma leaders in New Delhi to accelerate innovation-led growth, resilient supply chains, and India’s transition into a global life-sciences hub. 

Mumbai civic body MCGM to deploy AI system to overhaul real estate approvals

The Municipal Corporation of Greater Mumbai (MCGM) plans to introduce an AI-powered system to fast-track real estate approvals, enhancing transparency, efficiency, and ease of doing business in Mumbai.

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