News on Indian Economy
The Government of India has formally introduced an inventory-based framework for cross-border e-commerce exports, creating a regulated mechanism through which Indian-manufactured goods can be sold and delivered to international customers using organised global fulfilment networks.
Founded in 2010 by semiconductor engineer Himamshu Khasnis and a team of experienced professionals, Signalchip operates as a fabless semiconductor company. It designs the architecture, intellectual property and circuitry of its chips in India while relying on specialised semiconductor foundries for physical fabrication. The company focuses primarily on high-speed wireless technologies such as 3G-WCDMA, 4G-LTE, 5G New Radio and software-defined radio systems.
Under the One Nation, One Fertilizer initiative, urea, DAP, MOP and NPKS fertilizers supplied by public-sector, cooperative and private manufacturers are marketed across India under the common Bharat brand. The programme operates under the Pradhanmantri Bhartiya Janurvarak Pariyojana and has been in effect since 24 August 2022.
According to information presented in the Lok Sabha, 119 godowns have already been completed, while five projects are currently under construction. The initiative forms part of the World’s Largest Grain Storage Plan in the cooperative sector and seeks to create storage facilities closer to farms and local agricultural markets.
Electric two-wheelers provided the strongest momentum, crossing two lakh monthly registrations for the first time. The milestone reflects the increasing acceptance of battery-powered scooters and motorcycles as practical alternatives to petrol vehicles, particularly for urban commuting and other short-distance travel.
Solar power has now become the largest component of India’s renewable energy portfolio, reflecting the impact of sustained policy support, large-scale infrastructure development, rooftop installations, agricultural solarisation and rapid expansion of domestic manufacturing.
The increase was supported by higher transportation of iron ore, coal, fertilizers and food grains, reflecting sustained demand from India’s industrial, agricultural, infrastructure and power sectors.
As of July 17, 2026, 6,00,868 of India’s 6,01,328 inhabited villages—around 99.92 per cent—had access to a banking outlet within a five-kilometre radius. These outlets include conventional bank branches, Business Correspondents and India Post Payments Bank centres.
Addressing the India-Uzbekistan Business Forum in New Delhi on August 3, 2026, Union Minister of Commerce and Industry Piyush Goyal urged businesses from the two countries to work towards doubling bilateral trade over the next three years.
From Banarasi sarees and Channapatna toys to Darjeeling Tea, Muzaffarnagar Jaggery and Assam’s Joha Rice, GI recognition provides buyers with an assurance of geographical origin and traditional authenticity. At the same time, it offers artisans, farmers, weavers and producer organisations a legal and commercial tool to protect their products from imitation.
