Economy

News on Indian Economy

GeM Crosses ₹18.4 Lakh Crore In Cumulative Procurement, Tops ₹5 Lakh Crore In Fy26

The Ministry of Commerce and Industry said the milestone reflects GeM’s expanding role as a transparent, technology-driven and inclusive procurement platform that connects government buyers with enterprises across India while improving efficiency and accountability in public spending. GeM CEO Mihir Kumar said the achievement signals growing confidence among buyers, sellers and institutions in the platform’s digital procurement ecosystem.

India Moves To Set Up Indigenous Aviation Security Equipment Testing Centre

Under the agreement, RRU, working in collaboration with BCAS, will create a dedicated facility to conduct trials, performance evaluation and certification of aviation security systems used at Indian airports. The centre is expected to independently verify and certify the specifications and performance of equipment supplied by original equipment manufacturers, while submitting technically rigorous assessment reports for regulatory consideration.

Major Ports Handle 915 Million Tonnes Of Cargo In FY26, Exceed Annual Target

The ministry said the milestone highlights the impact of ongoing reforms and investments aimed at modernising port infrastructure, improving logistics efficiency and strengthening India’s standing as a major maritime economy under the Maritime Amrit Kaal Vision 2047. Union Minister Sarbananda Sonowal said the record cargo throughput demonstrates the government’s push to build world-class port infrastructure and seamless logistics systems to support economic growth.

India Strengthens Its ‘Pharmacy of the World’ Role as Generic Drug Supply Reaches 30% of Global Demand

It reflects India’s central role in making affordable medicines available across both developed and developing markets, and explains why the country is so often described as the “pharmacy of the world.” India’s pharmaceutical strength has been built on its ability to manufacture large volumes of quality medicines at relatively low cost, giving it a competitive advantage in a world where healthcare affordability has become a strategic concern as much as a public health one.

Adani Green Accelerates India’s Clean Energy Push with Record 5 GW Capacity Addition in FY26

A large part of this fresh capacity has come up at the Khavda renewable energy park in Gujarat, which is steadily emerging as one of the most ambitious clean-energy projects in the world. IBEF reports that Adani Green has already installed 9,413 MW at Khavda out of a planned 30 GW by 2029, a pace that reflects growing execution confidence in mega-scale renewable infrastructure.

Digital Tolling Gets Teeth: NHAI Brings E-Notices, Double Fee Rule and VAHAN-Linked Enforcement

According to the PIB note, plaza-level assessments found that cash payments contribute to congestion, longer waiting times during peak traffic periods, and transaction-related disputes. A digital-only system, in contrast, allows toll plazas to process vehicles faster and with fewer manual interventions. Government messaging on FASTag over the past few years has consistently pushed the same direction: smoother traffic flow, lower friction at plazas, and a more technology-driven highway network.