India and EU Launch €15.2 Million EV Battery Recycling Initiative to Strengthen Clean Mobility Ecosystem
India and the European Union have launched a major €15.2 million joint initiative aimed at
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News on Indian Economy
India Builds 200 LMT Fertilizer Stock Ahead of Kharif 2026, Says No MRP Hike for Farmers
According to the Department of Fertilizers, the present stock level is significantly higher than the usual buffer of around 33 percent, indicating improved advance planning, stocking and logistics management. The government has also assured farmers that there is no change in the Maximum Retail Price of major fertilizers, providing relief at a time when input costs and seasonal farm preparations remain crucial for the agricultural economy.
India’s Labour Market Remains Stable as Rural Wage Jobs Rise and Urban Unemployment Eases in PLFS January–March 2026
According to the survey, the overall Labour Force Participation Rate for persons aged 15 years and above stood at 55.5 percent in January–March 2026, compared with 55.8 percent in the previous quarter. Rural LFPR was recorded at 58.2 percent, while urban LFPR stood at 50.2 percent. The figures suggest that participation in the labour market remained largely steady across both rural and urban India despite minor quarter-on-quarter movements.
Centre Notifies New VB-G RAM G Rural Employment Law, MGNREGA to Be Replaced from July 1, 2026
The new Act enhances the statutory employment guarantee from 100 days to 125 days in every financial year for every rural household whose adult members volunteer to undertake unskilled manual work. The government has positioned the law as a shift from a standalone wage-support programme to a broader rural development framework that combines employment generation, durable asset creation, livelihood security, climate resilience and technology-enabled governance.
Avaada Group Crosses 17.7 GW Renewable Energy Portfolio, Strengthening India’s Clean Energy Transition
The company stated that its expanding 17.7 GW portfolio includes operational, under-construction, and planned renewable-energy projects across multiple Indian states.
India Exports First ODOP Honey Consignment from Assam to the United States
The export consignment was undertaken by Assam-based APEDA-registered exporter Salt Range Foods Private Limited. Officials said the honey was processed and packed at the company’s facility in Guwahati before being dispatched for the US market. The initiative is being viewed as a significant breakthrough for Assam’s beekeeping sector and the government’s broader efforts to integrate local agricultural products into global value chains.
India’s Private Capex Surges 67% to ₹7.7 Lakh Crore, Signals Strong Revival in Investment Cycle
The industry body’s assessment was based on an analysis of nearly 1,200 companies from the CMIE Prowess database. The data showed that manufacturing led the private capex recovery, accounting for around ₹3.8 lakh crore, nearly half of total private investment. Metals, automobiles and chemicals were among the major sectors driving the manufacturing-led expansion.
India’s Real GDP Growth Projected at 7.2% in Q4 FY26 on Strong Domestic Demand
On the nominal side, SBI expects India’s nominal GDP growth to be around 12.2 percent in Q4 FY26. For FY27, nominal GDP growth is estimated at about 11 percent, based on an assumed deflator of nearly 4.5 percent. These numbers suggest that India’s growth story is not only being driven by real activity but also by relatively firm nominal expansion.
India Becomes World’s Third-Largest Renewable Energy Market as Clean Power Capacity Crosses 50% Mark
India’s broader energy mix is also undergoing a visible transformation. The country’s non-fossil fuel capacity has crossed 50 percent of total installed power capacity, reaching 262.7 gigawatts. Solar and wind power have contributed the largest share of recent capacity additions, reinforcing India’s position as one of the fastest-growing clean energy markets in the world.
Centre Fully Operationalises Four Labour Codes, Marking India’s Biggest Labour Law Overhaul in Decades
The four codes are the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020. The government had already made the four codes effective from November 21, 2025, rationalising 29 existing central labour laws into a simplified framework. The latest publication of rules now completes the operational framework needed for implementation.