Sagarmala Programme Advances Port Modernisation and Multimodal Connectivity Across India
India’s Sagarmala Programme continues to strengthen port infrastructure, coastal connectivity, maritime logistics and port-led economic
Economy
News on Indian Economy
eGramSwaraj Expands Digital Planning Across 23,721 Panchayats in Scheduled Areas
The PESA Act was enacted under Article 243M(4)(b) of the Constitution to extend the provisions relating to Panchayati Raj institutions to Fifth Schedule Areas with specific modifications. As Panchayats function as institutions of local government under State laws, the implementation of PESA and the adoption of digital governance platforms in Scheduled Areas remain the responsibility of the respective State governments.
India’s Renewable Energy Capacity Rises Nearly Fourfold to 288.58 GW Since 2014
Solar power has emerged as the largest contributor to the country’s renewable energy portfolio, with an installed capacity of 162.15 gigawatts. Wind power accounts for 57.44 gigawatts, while hydropower contributes 57.24 gigawatts. Bio-power projects have added another 11.75 gigawatts, taking the total renewable energy capacity to 288.58 gigawatts.
President Droupadi Murmu Calls for Stronger India–North Macedonia Economic Partnership
Delivering the inaugural address at the India–North Macedonia Business Forum in Skopje on July 21, 2026, the President described the economic and commercial relationship between the two countries as a promising frontier with significant untapped potential.
Deloitte Forecasts India’s GDP Growth at 6.5–6.8% in FY27 as Domestic Demand Supports Expansion
The report noted that India entered 2026 with relatively balanced macroeconomic conditions and strong domestic demand. However, developments in the Middle East have created fresh risks for the economy by contributing to fluctuations in crude oil and other commodity prices. These pressures have also influenced the country’s trade deficit, capital flows and the value of the rupee.
India Builds 139 First Mile Connectivity Projects to Modernise Coal Transport
The programme forms part of the Coal Logistics Plan and Policy, 2030, which seeks to strengthen rail-based evacuation, introduce mechanised coal handling and expand multimodal transportation across the country.
Uttarakhand Exports First 24-Tonne Shipment of Frozen French Fries to Iraq
The consignment marks an important step in expanding value-added agricultural exports from Uttarakhand and strengthening India’s processed-food export portfolio. It also demonstrates the growing potential of the state’s food-processing industry to reach overseas markets despite the logistical challenges faced by landlocked regions.
UPI User Base Reaches 55.49 Crore as Digital Transactions Cross ₹314 Lakh Crore in FY 2025–26
The Ministry of Finance said the UPI platform, operated by the National Payments Corporation of India, recorded 24,161.69 crore transactions during the financial year 2025–26. The total value of these transactions reached ₹314.23 lakh crore.
India Joins WTO Fisheries Subsidies Agreement, Strengthening Commitment to Sustainable Marine Fishing
The agreement applies primarily to subsidies connected with marine wild-capture fishing and fishing-related activities at sea. Aquaculture and inland fisheries remain outside its scope, allowing India’s large inland fishery and aquaculture sectors to continue operating under domestic policies and development programmes.
India, Spain to Accelerate UPI–Bizum Payment Integration Talks
According to the Ministry of Commerce and Industry, the proposed interoperability between UPI and Bizum is expected to simplify cross-border digital transactions for businesses, tourists and consumers, while strengthening financial connectivity between the two countries.