Economy

News on Indian Economy

Mizoram Ginger Mission Launched With ₹189.79 Crore Push for Farmer Value Addition and Global Branding

The initiative is particularly important because Mizoram is known for its GI-certified ginger cultivars, which have strong potential in pharma-grade and premium global markets. According to the PIB release, Mizo ginger contains 6 to 8 percent oleoresin, compared with the global average of around 3 percent. Despite this quality advantage, farmers currently receive only around ₹8 to ₹15 per kilogram, while the value chain can reach more than ₹500 per kilogram in international markets.

Indian Pharma Giants Commit $19.1 Billion to US Expansion, Signalling a New Phase in Global Growth

The list of participating Indian pharma companies includes some of the country’s biggest names: Aurobindo Pharma, Biocon Group, Cipla, Dr. Reddy’s Laboratories, Glenmark Pharmaceuticals, Granules India, Jubilant Group, Lupin, Sun Pharmaceutical Industries, Piramal Pharma and Zydus Lifesciences. Their proposed investments are expected to support new manufacturing facilities, expansion of existing networks, research and development centres and broader supply-chain capacity in the United States.

India Plans ‘Made in India’ Brand Scheme to Strengthen Domestic Manufacturing and Cut Import Dependence

The government is working with industry to identify around 100 products that are either not manufactured in India or are produced in inadequate quantities. The focus is not merely on replacing imports, but on building production capacity in areas where India already has industrial capability but faces technology, scale or supply-chain gaps. According to Bhatia, several “unique and interesting” products have already been identified, including auto-sector items such as axles and motorcycle components.

India Rises to Third Globally in Installed Renewable Energy Capacity, but Supply Chain Gaps Remain

News On Air reported that India’s non-fossil fuel capacity has crossed 50 percent of total installed capacity, reaching 262.7 gigawatts. It also noted that solar and wind energy account for the bulk of recent additions. Official MNRE figures released earlier said India had installed 283.46 GW of non-fossil fuel capacity as of March 31, 2026, including 274.68 GW from renewable energy and 8.78 GW from nuclear power.

Trinidad and Tobago Becomes First Caribbean Nation to Adopt India’s UPI Platform

The adoption of UPI is significant because it brings India’s globally recognised digital payment infrastructure to the Caribbean. UPI has transformed everyday transactions in India by enabling fast, seamless and low-cost payments, and its international expansion is increasingly becoming a part of India’s technology partnership with friendly nations. For Trinidad and Tobago, the rollout could support easier digital payments, strengthen financial connectivity and open new opportunities for fintech cooperation with India.

AERB Clears Restart of Tarapur Unit-2 After Major Refurbishment and Safety Upgrade

Tarapur Unit-2 is part of the historic TAPS Units 1 and 2, India’s first nuclear power reactors based on the Boiling Water Reactor design. Both units began commercial operation in 1969, making them among the oldest operating commercial nuclear power units in Asia. The restart clearance is therefore significant not only as a technical achievement, but also as a demonstration of India’s ability to extend the life of legacy nuclear assets through modern safety upgrades and strict regulatory review.

India’s Mineral Sector Crosses Major Milestone With 101 Auctioned Blocks Becoming Operational

The milestone also points to the impact of mining-sector reforms introduced over the past decade. Since 2015, India has shifted towards a more transparent and competitive auction-based system for allocating mineral resources. The Ministry said that FY 2025–26 recorded the highest-ever annual performance under the auction regime, with 212 mineral blocks auctioned in a single financial year, showing growing momentum in the country’s mineral allocation framework.

India Pushes Nationwide EV Charging Rollout Under PM E-DRIVE Scheme at Bengaluru Conference

The PM E-DRIVE Scheme, formally known as the PM Electric Drive Revolution in Innovative Vehicle Enhancement Scheme, has a total outlay of ₹10,900 crore and is aimed at accelerating EV adoption, creating charging infrastructure and strengthening India’s electric vehicle manufacturing ecosystem. The scheme covers demand incentives and infrastructure support for electric two-wheelers, three-wheelers, buses, trucks, ambulances and other emerging EV segments.